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Tuesday, May 24, 2022

Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) to

 The Ministry of Labor and Employment will launch the Prime Minister's Labor Yogi Man-Dhan (PM-SYM) scheme on 15-02-2019 tomorrow.  The scheme, announced in the interim budget, has been notified recently.  42 crore workers work in the unorganized sector of the country.

 Eligible for this scheme are 18 to 40 year olds working from home, street vendor, midday meal worker, head load workers, brick kiln workers, cobbler, garbage picker, domestic worker, laundress, rickshaw puller, landless, farm laborer, construction sector.  There will be laborers, BD makers, handloom laborers, leather laborers, audio-video laborers and laborers of other such occupations whose monthly income is less than Rs.  15,000 or less.  The person eligible for this scheme should not be involved in any way under the benefits of New Pension Scheme (NPS), Employees State Insurance Corporation (ESIC) Scheme or Employees Provident Fund Organization (EPFO) and should not be an income tax payer.

 The main features of PM-SYM are as follows:

 Minimum Fixed Pension: Under PM-SYM, every pensioner has to pay a minimum of Rs.  3,000 will get a guaranteed pension.

 Family Pension: If the pensioner dies while receiving the pension, the spouse will get 50% of the pension received by the beneficiaries in the form of family pension.  Family pension is applicable only in case of spouse.

 3. If the beneficiary is given a regular share and dies due to any reason (before the age of 60), then the beneficiary's spouse can continue the scheme by joining the scheme and giving a regular share,  Can get out.

 Contribution by Holder: Holder's contribution will be made through "Auto Debit" facility from his bank's Savings Account / Jan Dhan Account.  The holder has to pay a fixed amount up to 60 years of age from the time of joining PM-SYM scheme.

Central Government Holder Contribution: PM-SYM is a voluntary and contributory pension scheme based on the ratio of 50:50, in which the fixed age special contribution will be made by the beneficiary and the central government will provide equal share as per the table.  For example, if a person is 29 years of age, he will pay a share of Rs. 100 per month till the age of 60, then the Central Government will deposit a share of Rs. 100 on its own behalf.

 Registration under PM-SYM scheme

 The subscriber is required to have a mobile phone, a savings account in a bank and an Aadhaar card.  Eligible subscribers can register for PM-SYM by going to the nearest Community Service Center (CSC - Community Service Center) and verifying the Aadhaar number and Savings Bank account / Jan Dhan account number.

 The subscriber will then be given the facility to go to the PM-SYM web portal and download the mobile app and the subscriber can register using Aadhaar number / self-certified Aadhaar using Savings Bank Account / Jandhan Account.

 Registration Institutions: Registration will be done by Community Service Center (CSC).  Unorganized workers can register for the scheme by going to the nearest CSC with Aadhar Card and Savings Bank Account, Passbook / Jan Dhan Account.  The first month's share will be paid in cash and a receipt will be issued.

 Help Center: All branch offices of LIC, all offices of ESIC / EPFO ​​and all labor offices of Central and State Governments will be informed about the scheme, benefits and procedures of unorganized workers.

 The following arrangements will be made by all the offices of LIC, ESIC, EPFO ​​and all the Labor Offices of Central and State Governments in this regard:

 All the offices of LIC, EPFO ​​/ ESIC and Central and State Labor Offices will set up help desks to assist unorganized workers, provide information on scheme specifications and send workers to the nearest CSC.

 Each support desk will have at least one staff member.

 The help desk will be on the main door and the desk will have a sufficient number of brochures in Hindi and regional languages ​​to provide information on unorganized labor.

 CSC will go with unorganized labor Aadhaar card, savings bank account / Jan Dhan account and mobile phone.

 The help desk will provide seating and other necessary facilities to the workers.

 Another way to help unorganized workers about the scheme.

Funding Provision: PM-SYM is a central government scheme, which will be administered by the Ministry of Labor and Employment and will be implemented through Life Insurance Corporation of India (LIC) and CSC.  LIC will be the pension fund manager and will be responsible for pension payments.  The amount raised under the PM-SYM Pension Scheme will be invested in accordance with the investment modalities proposed by the Government of India.

 Withdrawal from the scheme and withdrawal of registration: The provision of withdrawal from the scheme has been kept flexible in view of the uncertain nature of employment of unorganized sector workers.

 The exit provision from the scheme is as follows:

 If the subscriber withdraws from the scheme in less than 10 years, only the beneficiary's share will be paid along with the savings bank interest rate.

 If the subscriber withdraws from the scheme before the age of 60 years after a period of 10 years or more, he will be reimbursed the total amount along with the beneficiary's share along with the interest accrued by the fund or the bank's savings interest, whichever is higher.

ગુજરાતી માં વાંચવા અહીં ક્લિક કરો

 If the beneficiary has paid a regular share and dies due to some reason, his / her spouse may continue the scheme by paying regular share or by giving the share to the beneficiary along with the actual interest accumulated by the fund or bank savings interest rate whichever is higher.  Can get out.

 If the beneficiary has paid regular share and is permanently crippled for some reason 60 years ago and is not able to provide under the scheme, then his spouse can continue the scheme by paying regular share or the actual interest collected by the fund or  The bank's savings interest rate, whichever is higher, can get out of the scheme by getting the beneficiary's share.

Click Here to Check CSC LOCATION Here

 The full amount will be credited to the fund after the death of both the subscriber and his / her spouse.

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