Pradhan Mantri Shram Yogi Maandhan Yojana is a government scheme meant for old age protection and social security of Unorganized workers.
Eligibility Conditions:
1) For Unorganized Workers (UW)
2) Entry Age between 18 to 40 years
3) Monthly Income up to Rs 15000/-
Features of PMSYMY:
1) Assured pension of Rs. 3000/- month
2) Voluntary and Contributory Pension Scheme
3) Matching Contribution by the Government of India
Beneficiary should not be:
1) Engaged in Organized Sector (member of EPFO/NPS/ESIC)
2) An income tax payer
He / She should possess:
1) Aadhaar card
2) Savings Bank Account / Jan Dhan account number with IFSC
PMSYMY Online Application Procedure:
Step 1:
Interested eligible person shall visit nearest CSC centre.
Step 2:
Following are the prerequisites for the enrollment process:
Aadhaar Card
Savings/Jan Dhan Bank Account details along with IFSC Code ( Bank Passbook or Cheque Leave/book or copy of bank statement as evidence of bank account )
Step 3:
Initial contribution amount in cash will be made to the Village Level Entrepreneur (VLE).
Step 4:
The VLE will key-in the Aadhaar number, Name of subscriber and Date of birth as printed on aadhaar card for authentication.
Step 5:
The VLE will complete the online registration by filling up the details like Bank Account details, Mobile Number, Email Address, Spouse (if any) and Nominee details will be captured.
Step 6:
Self-certification for eligibility conditions will be done.
Step 7:
System will auto calculate monthly contribution payable according to age of the Subscriber.
Step 8:
Subscriber will pay the 1st subscription amount in cash to the VLE.
Step 9:
Enrollment cum Auto Debit mandate form will be printed and will be further signed by the subscriber. VLE will scan the same and upload it into the system.
Step 10:
A unique Shram Yogi Pension Account Number (SPAN) will be generated and Shram Yogi Card will be printed.