- By Aditya Jha
- Fri, 27 Mar 2026 06:10 PM (IST)
- Source:JND
PM-SYM Pension Scheme: The government has introduced the Pradhan Mantri Shram Yogi Maandhan (PM-SYM) scheme to provide financial stability to the workers post-retirement. Under this scheme, the government pays a monthly pension of Rs 3000 to the workers after the age of 60 to provide them stability. While the employees of the government and private sector are linked with different pension schemes, the people of unorganised sector often struggle post-retirement. However, the workers can get the regular amount with a very little investment during their working days.
The government launched the scheme to benefit the people of different sectors, including construction, agriculture, street vendors, home-based workers, and small business owners. The motive behind the scheme was to provide stability to millions of people not covered under any formal pension systems.
ALSO READ: UP Road Accident: 8 Killed, Several Injured After Pickup Crashes Into Parked Trailer In Kaushambi
Eligibility Criteria
- The applicant must be between 18 and 40 years of age
- They must have a monthly income of Rs 15,000 or less
- The applicant must not be enrolled in EPF, ESIC, or NPS
- While any 18-year-old applicant is required to contribute Rs 55 per month, a 40-year-old labour contributes Rs 200 per month to maximise the profit
- The governmentment also shares the savings burden with the worker
Enrollment Details
- The workers can enroll for the scheme by visiting their nearest Common Service Centre (CSC)
- As per the reports, there are around 4 lakh such centres in the country
- The registration can also be done online through the official PM-SYM portal
- As per the government data, over 50 lakh workers have already enrolled in the scheme as of March 12, 2026
- The registration can be done by showing basic documents, including Aadhar Card and PAN card
The scheme offers much-needed stability to the workers post retirement by providing Rs 3,000 on a monthly basis.