PM Shram Yogi Maan-Dhan Yojana


People working in the unorganized sector have seen the worst time during the pandemic. The PM Shram Yogi Maan-dhan Yojana was launched bu the Government for maid, cobblers, tailors, rickshaw drivers and laborers. Those who register under this scheme, after completing 60 years of age, will get a minimum pension of Rs 3000 every month. If the beneficiary dies before the pension is received, then 50% of the pension will be given to his spouse.

According to government figures, the government pays a pension of Rs 36,000 annually under this scheme. Around 42 crore people work in the unorganized sector in the country. They have a chance to take the advantage of the scheme. So far, about 64.5 lakh people have registered themselves under this scheme.


Who can become the part of PM Shram Yogi Maan-dhan Yojana Scheme:-

  • The person works in the Unorganized sector.
  • Age should be between 18 years to 40 years.
  • Monthly Income should not exceed Rs 15,000.
  • Being a member of any other pension scheme will not be eligible for this scheme.

Documents Required for PM Shram Yogi Maan-dhan Yojana:-
  • Aadhaar Card
  • Saving Bank Account Number/ Jan Dhan Account with IFSC.
  • Mobile Number

How to open account Under PM Shram Yogi Maan-dhan Yojana Scheme:-


According to the information given on the website of the Employees Provident Fund Organization (EPFO), people of the unorganized sector can open an account under the PM Shram Yogi Maan-dhan scheme. The age limit is 18 to 40 years. You need to search for Nearest Common Service Center (CSC). Do not forget to carry the documents mentioned above. Make sure that the IFSC Code is printed on the savings account passbook. Registration can be done through CSC. Apart from this, applications can also be made by visiting the Life Insurance Corporation of India (LIC) branch, State Employees Insurance Corporation, EPFO or Labor Office. You can get information about this scheme on 1800 267 6888 toll free number.


Terms and Conditions:-


  • In case of default/miss in contribution of his share, the eligible member will be allowed to regularize the contribution by paying the arrears with interest. The Government will decide the interest.
  • If someone is willing to withdraw from the scheme within 10 years from the date of joining the scheme, then only its share contribution will be returned to the saving bank interest rate.
  • If the pensioners leave the scheme after 10 years but before the age of 60 years, he/she will be returned his/her contribution with the actual interest earned in the pension scheme.
  • On death of the member due to some reason, the spouse will have the option to run the scheme.
  • On being temporarily disabled before the age of 60, if he/she is able to contribute to the scheme, then he/she will have the option to withdraw from the scheme by contributing his share with the actual interest of the scheme.

How much the contribution be?

Contribution is done according to age in the scheme. The younger the member, the lower his/her contribution will be. If someone will join the scheme at the age of 18 years, then they have to deposit Rs 55 per month. Similarly, the age of 29 years will have to pay Rs 100 and 40 years old have to pay Rs 200. This amount will have to be deposited till the age of 60 years.


Who will not get the benefit of this scheme?

If the employee already has an EPF/ NPS/ ESIC account or pays Income Tax, then he can not become a member of this scheme.


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