Six years of Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) completed | Current Affairs | Vision IAS
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Six years of Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) completed

Posted 05 Mar 2025

2 min read

PM-SYM provides universal pension coverage through financial security for unorganized workers, creating a more inclusive social security framework in India. 

  • Unorganized sector contributes around 50% of nation’s GDP. There are over 30.51 crore unorganized workers registered on e-Shram portal (2024).

About PM-SYM

An infographic titled 'Pradhan Mantri Shram Yogi Maandhan (PM-SYM) Scheme' outlining eligible professions, eligibility criteria, contribution structure, and exclusion criteria.  Eligible Professions:  Street Vendors: Rag Pickers, Rickshaw Pullers Construction: Workers, Daily Laborers Agricultural: Workers, Beedi Workers Domestic: Workers, Artisans, etc. Eligibility Criteria:  Age limit: 18–40 years Monthly income: ₹15,000 or less Contribution Structure:  Monthly contribution: ₹55 to ₹200 (based on age of joining) Government matches the contributor's amount Exclusion Criteria:  Not covered under EPF/ESIC/NPS Not an income taxpayer No other pension benefits
  • Ministry: Central Sector Scheme launched in 2019 by Ministry of Labour and Employment 
  • Objective: Voluntary and contributory pension scheme ensuring a minimum monthly pension of Rs. 3,000 after age of 60.
  • Pension Fund Manager: Life Insurance Corporation of India (LIC)
  • Enrollment: At Common Service Centres or Maandhan portal.
  • Contribution by Subscriber: Shall be made through ‘auto-debit’ facility from savings bank account/ Jan- Dhan account.
  • Other Features
    • Family Pension: If subscriber dies during receipt of pension, only the spouse can receive 50% of pension amount.
      • If a beneficiary has given regular contribution and died before age of 60 years, 
        • His/her spouse will be entitled to continue scheme subsequently by payment of regular contribution or exit as per provisions of exit and withdrawal.
    • Donate-a-Pension Module: Encourages employers to pay premium for their staff to increase enrolment.
  • Implementation and Current Status: 
    • Coverage: 36 States/UTs
    • Enrollments: ~46,12,330 (March 2025) 
      • Top 3 States: Haryana, Uttar Pradesh, Maharashtra.
  • Tags :
  • Pradhan Mantri Shram Yogi Maandhan Yojana
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