PMSYM Scheme Details Hindi PDF

PDF Name	PMSYM Scheme Details
No. of Pages	7
PDF Size	0.37 MB
Language	Hindi
Tags	Sarkari Yojana
PDF Category	Government
Source / Credits	Multiple Sources
Uploaded By	Pradeep

PMSYM Scheme Details - Summary

The Pradhan Mantri Shram Yogi Maan-dhan (PMSYM) Scheme, established in 2019, aims to support unorganized workers in India.
This Scheme became effective on February 15, 2019.
From February 15, 2019, unorganized workers can choose to enroll in the PMSYM Scheme.
This Scheme is applicable to various unorganized workers, including home-based workers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washermen, rickshaw pullers, landless labourers, own-account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio-visual workers, and others engaged in similar occupations.

Eligibility Criteria for the PMSYM Scheme

Eligibility to join the Scheme:

Only unorganized workers whose monthly income does not exceed fifteen thousand rupees and who possess a savings bank account and an Aadhar number can join this Scheme.
Applicants must be between eighteen and forty years of age.
Those covered under the National Pension Scheme, Employees’ State Insurance Corporation Scheme, Employees’ Provident Fund Scheme, or who are income-tax assessees, are not eligible for this Scheme.

Important Details on Contributions and Benefits

Recovery of damages for default in payment of contributions:

If an eligible subscriber fails to make a contribution to the Pension Fund, they may regularize it by paying all outstanding dues along with interest at a rate determined by the Government of India periodically.

Benefits upon exiting the Pension Scheme:

If an eligible subscriber exits the Scheme before completing ten years, only their own contributions will be returned, along with savings bank interest.
If they exit after ten years but before reaching sixty years, they will receive their contributions, along with the higher of the actual interest earned by the Pension Fund or the savings bank rate.
If an eligible subscriber who has consistently contributed passes away, their spouse can continue the Scheme or receive the contributions back along with the higher interest accrued.
Upon the death of both the subscriber and their spouse, the corpus will be returned to the fund.
In any exit related to the above clauses, the accumulated Government contributions will be credited back to the Pension Fund.
Additional exit provisions and nominations may be implemented by the Central Government as needed.

For more detailed information, you can download the PDF related to the PMSYM Scheme, which includes complete guidelines and criteria for eligibility. Don’t miss out on this valuable resource!

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