Updated By: LatestGKGS Desk
The government of India has launched a scheme under which the beneficiary will get 3000 rupees per month as pension in their old age.
Who will get these Benefits :
Unorganized employees are primarily working as domestic workers, street sellers, middle-day food workers, chief loaders, brick kiln workers, cobblers, pickers, housekeepers, washing men, rickshaw pullers, landless workers, self-account workers, field farmers, workers, beetles workers, handloom farmers and leather workers, and so on, audiovisual staff and the like, whose monthly salary is Rs 15,000 / month or below and belongs to 18-40 years of age.
Many of the Common Service Centers(CSC) will register the beneficiary. Unorganized employees will visit their nearest CSC with their passbook / Jandhan account on Aadhar Card and Savings Bank and register for the Scheme. The first month's donation payment is paid in cash for which a receipt is issued.
According to the scheme, The beneficiary will have to pay very low money according to their age category and the same amount will also be paid by the government of India in their pension account. The government will participate and provide half of its funds deposited in the account of the beneficiary. Let's assume if the beneficiary is of age 29 then he will have to pay rupees 100 per month and another 100rs will be paid by Government in the account of the beneficiary as pension that will be withdrawable after the age of 60.
Exit and Withdrawal:
If any beneficiary wants to exit the scheme and wants to return back his/her money, then following are the rules for Exit and withdrawal:-
To address any grievances related to the scheme, subscriber can contact at customer care number 1800 267 6888 which will be available on 24*7 basis(to be effective from 15 Febraury 2019). Web portal/ app will also have the facility for registering the complaints.
PM-SYM will be a Central Sector Scheme administered by the Ministry of Labour and Employment and implemented through Life Insurance Corporation of India and CSC eGovernance Services India Limited (CSC SPV). LIC will be the Pension Fund Manager and responsible for Pension pay out.
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