Pradhan Mantri Shram Yogi Maandhan Yojana

Current Context: The Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) is a voluntary and contributory pension scheme launched by the Government of India to provide financial security for workers in the unorganised sector.

• It ensures a minimum monthly pension of ₹3,000 after the age of 60 for eligible workers with a monthly income of up to ₹15,000.
• The scheme is administered by the Ministry of Labour and Employment, with LIC as the Pension Fund Manager.

Key Features:

• Eligibility: Workers aged 18-40 years with a monthly income of ₹15,000 or less.
• Government Contribution: Matches the worker's contribution on a 1:1 basis.
• Family Pension: Spouse receives 50% of the pension amount if the beneficiary passes away.
• Enrollment: Easy registration through Common Service Centres (CSCs) or the Maandhan portal.

Question:

Q.1 What is the minimum monthly pension provided under the PM-SYM scheme after the age of 60?
a) ₹1,000
b) ₹2,000
c) ₹3,000
d) ₹5,000

Answer: c) Under the PM-SYM scheme, eligible beneficiaries receive a minimum monthly pension of ₹3,000 after the age of 60.