PM Labor Pension Scheme
PM Labor Pension Scheme: Workers will now be eligible for pension from the central government. For unorganized sector workers, Pradhan Mantri Shram Yogi Maan-Dhan Yojana is a boon scheme. Street vendors, rickshaw pullers, construction workers and others in the unorganized sector are very useful to help plan for retirement. Under this pension scheme, the government guarantees pension to the workers. By saving just Rs 2 per day in this scheme, you can get a pension of Rs 36,000 per year.
PM Labor Pension Scheme-Overview
PM Labor Pension Scheme
Various schemes are run by the central government under which financial assistance is provided to farmers, labourers, people working in the unorganized sector and the poor. Pradhan Mantri Shram Yogi Mandhan Yojana is one of these. About 46 lakh workers of unorganized sector (Labour) have registered under this pension scheme. This information has been given by issuing a statement from the Ministry of Labour.
55 rupees have to be deposited every month
To start Pradhan Mantri Shram Yogi Mandhan Yojana, you have to deposit 55 rupees monthly. For example, if you start saving around Rs 2 per day at the age of 18, you can retire at the age of 18 with a pension of Rs 36,000 per annum. If a laborer starts this scheme at the age of 40, he has to deposit Rs 200 per month. After the age of 60 you become eligible for pension. After 60 years you will get a pension of Rs 3000 per month or Rs 36,000 per annum.
Documents required for PM Labor Pension Scheme
To participate in Pradhan Mantri Shram Yogi Mandhan Yojana, you must have a savings bank account and an Aadhaar card. Age of the person should not be less than 18 years and not more than 40 years. To register under the scheme, visit the Common Service Centre. Workers can create an account on the CSC center site. The government has also created a web portal for this pension scheme. All information collected online by these facilities will be forwarded to the Government of India.
For Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) registration, your Aadhaar card, savings or Jan Dhan bank account passbook and mobile number will be required. A letter of consent should also be issued, which should also be given at the bank branch. Where the employee has a bank account, so that money can be deducted for pension in time from his bank account.
Benefit to be received
Any unorganized sector worker below the age of 40 years who is not enrolled in any government scheme is eligible to participate in the Pradhan Mantri Shram Yogi Maan Dhan Yojana. Let us tell you that the monthly salary of the person applying for this pension scheme should be less than 15,000 rupees.
Get information from toll free number
The government has designated Labor Department, LIC and EPFO offices as Labor Facilitation Centers for this scheme. Workers can learn more about the initiative by visiting here. The government has set up a toll free number 18002676888 for this scheme. This number can also be used to get information about this pension scheme.
Launch of PM Labor Pension Scheme
The government launched the Pradhan Mantri Shram Yogi Mandhan Yojana in 2019 with the objective of providing social security in the form of monthly pension in old age. Under the scheme, unorganized sector workers will be given a minimum guaranteed monthly pension of Rs 3,000 after the age of 60 years.
According to the Ministry of Labour, as of November 25, 2021, a total of 45,77,295 workers in the unorganized sector have registered under the scheme. In Pradhan Mantri Shramyogi Mandhan Yojana, you can get a monthly pension of Rs 3000 in old age by investing just Rs 2 per day. You start getting pension benefits from the age of 60. Under this Pradhan Mantri Shram Yogi Mandhan Yojana, you can secure your old age.