PM-SYM Pension Scheme for Unorganised Workers: Eligibility, Occupations Covered & How to Enrol

The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) is a voluntary, contributory pension scheme launched in 2019 by the Ministry of Labour & Employment. The scheme is administered by LIC and CSC SPV and it is designed for unorganised workers and provides ₹3,000 of pension from the age of 60 and 50% family pension to the spouse of a subscriber after death.

Who Is Eligible?

Entry Criteria:

• Age: 18-40 years
• Income: ≤ ₹15,000/month

Which Professions Are Covered?

Must be an unorganised worker, not covered under EPF/ESIC/NPS or income tax

Includes all types of unorganised work:

1. Street vendor, rickshaw puller, rag-picker.
2. Brick kiln, constructor, agricultural worker.
3. Cobblers, washer-men, house help, beedi workers, handloom workers.
4. Leather, audio visual, home-based, landless workers, etc.

How Much to Contribute?

How to Enrol?

• Go to a Common Service Centre (CSC) with your Aadhaar, savings/Jan-Dhan account and mobile number.
• Fill in self-certified details; you will be required to make the first payment in cash.
• Set your auto-debit for subsequent contributions.
• You will receive a Shram Yogi card which will have a unique pension account number.
• Eligible subscribers can enroll online via the Maandhan portal/app.

Exit and Withdrawal Rules

1. Before 10 years’ exit receive your contributions with savings bank interest.
2. After 10 years but before 60 years refundable, whichever is higher bank interest or returns on the fund.

If a subscriber is dead or disabled the spouse may continue or withdraw the fund. If the spouse is also deceased, the amount returns to the corpus of the scheme fund.