What is Pradhan Mantri Shram Yogi Mandhan Yojana?

Pradhan Mantri Shram Yogi Mandhan Yojana (PMSYM) is a social welfare scheme launched by the Ministry of Labor and Employment, Government of India in February 2019.

It is a monthly pension scheme, whose main objective is to provide financial security and social security in old age to unorganized workers. This project is implemented by Life Insurance Corporation of India (LIC) and CSC e-Governance Services India Limited.

Under this scheme, home-based workers, street vendors, mid-day mill workers, head loaders, brick kiln workers, cobblers, garbage pickers, domestic workers, washermen, rickshaw pullers, landless workers, self-employed workers, agricultural workers, construction workers , unorganized sector workers such as beedi workers, weavers, leather workers, audio-visual workers etc., whose monthly income is less than ₹15,000, such workers or employees between the age of minimum 18 years to maximum 40 years, can contribute a small amount every month and An equal amount of contribution will be paid by the Government and as a result the beneficiary will get a monthly pension of at least ₹3000/- after the age of 60 years.

The benefits under this scheme are those who are not income tax payers, or who are not members of ‘New Pension Scheme (NPS)’, ‘Employees State Insurance Corporation (ESIC)’ or ‘Employees Provident Fund Organization (EPFO)’.

Objectives of Pradhan Mantri Shram Yogi Mandhan Yojana

Many people of our country are involved in different fields and different jobs. There mainly, the unorganized sector laborers face various kinds of economic problems. Therefore, the Government of India has launched this scheme to help them financially. As of November 2023, around 50 lakh people have been covered under this scheme.

The main objective of PMSYM Yojana is to provide a monthly pension of at least ₹3000/- to unorganized sector workers after the age of 60 years with the help of small contribution and government grants.

Pradhan Mantri Shram Yogi Mandhan Yojana Details

The list of PMSYM details is given below:

Some of the features of PMSYM are mentioned below:

• PMSYM is a voluntary and contributory pension scheme, where contributions are made jointly by the beneficiaries and the Central Government on a 50:50 basis.
• The customer’s contribution will be received through ‘auto-debit’ from his savings bank account or Jan-Dhan account.
• The monthly premium amount of the customer will depend on the age of the customer joining the plan.
• PMSYM contributions can be made monthly, quarterly, half-yearly or annually.

Pradhan Mantri Shram Yogi Mandhan Yojana facility

PMSYM Whole is a contributory pension scheme, and its benefits are mentioned below:

• Under this scheme, the government contributes equally to the beneficiary.
• In this scheme the beneficiary will get a guaranteed minimum pension of ₹3,000/- per month after the age of 60 years.
• In case of death of the beneficiary while in receipt of pension, the spouse of the beneficiary shall be entitled to 50% of the pension received by the beneficiary as family pension. Family pension is applicable to wife only.
• If a beneficiary makes regular contributions but dies before the age of 60, his spouse can continue the scheme by making regular contributions or exit the scheme by withdrawing the entire contribution with interest.
• If he opts out of the scheme within less than 10 years, the beneficiary’s portion of the contribution will be refunded to him at the rate of interest of the Savings Bank.
• If the subscriber exits the scheme after 10 years or more but before the age of 60, the beneficiary’s contribution will be refunded along with the actual fund or savings bank interest rate whichever is higher.
• If a customer is unable to make regular contributions then he will have an opportunity to regularize his contributions later by paying the full dues along with the financial penalty prescribed by the government.

Eligibility of Pradhan Mantri Shram Yogi Mandhan Yojana

PMSYM requires the customer to have the following qualifications:

• This scheme is available for unorganized sector workers
• Age limit should be between 18 to 40 years
• Maximum monthly income can be up to ₹15,000/-.

Ineligible for PMSYM

Customer will be disqualified in the following cases:

• Income tax payer
• New Pension Scheme (NPS) member
• Member of Employees State Insurance Corporation (ESIC).
• Employees Provident Fund Organization (EPFO)

PMSYM Chart

The subscriber of Pradhan Mantri Shram Yogi Mandhan Yojana has to contribute till the age of 60 years. The impact of this contribution will depend on the age at which the subscriber enters the scheme.

The PMSYM monthly contribution chart is given below:

Pradhan Mantri Shram Yogi Mandhan Yojana Required Documents

Following documents are required for PMSYM:

• Aadhaar Card
• Savings Bank Account / Jan Dhan Account Number & IFSC Code
• Mobile number

Pradhan Mantri Shram Yogi Mandhan Yojana Application

PMSYM application can be done in both offline and online mode.

PMSYM Offline Application

• The applicant should visit the nearest CSC or ‘Common Service Centre’ with the necessary documents mentioned above.
• The ‘Village Level Entrepreneur’ or VLE will register applicant’s name, Aadhaar number, date of birth, bank account details, mobile number, email ID and nominee details at CSC and will be verified against ‘Unique Identification Authority of India’ or UDAI database through demographic process. .
• The system will then automatically calculate the monthly contribution according to the customer’s age.
• The customer shall pay the first month’s contribution in cash to ‘VLE’ and the customer shall be issued his receipt.
• Scheme Enrollment Form and Auto Debit Mandate Form will be printed and signed by the beneficiary. ‘VLE’ will scan it and upload it to the system.
• A Shram Yogi Pension Account Number (SPAN) will then be generated and the application process completed by printing the Shram Yogi Card.

PMSYM Online Application

• You need to visit the official website of Pradhan Mantri Shram Yogi Mandhan Yojana.
• Click on ‘Login’ from the top menu.
• Then you have to click on ‘Self Enrollment’.
• Enter your mobile number and click on ‘Proceed’ and the login process will be completed through OTP verification.



• After login you will enter the portal dashboard. Then you have to go to ‘Enrollment’ above and click on ‘Pradhan Mantri Shram Yogi Mandhan Yojana’.
• Then you will reach the main application form page, where you have to fill all the details properly and ‘submit’.



• After that bio authentication has to be done through OTP verification.
• Then submit your bank account details, nominee and whether you will be contributing monthly, quarterly, half-yearly or annually.
• Then click on ‘Print Mandate Form’ to download the form, print it and after signing it, scan it and upload it.
• You can deposit your contribution online through debit/credit card or CSC.
• After completing the application process, you can download or print your card by clicking on ‘Complete’ from the top menu.

Pradhan Mantri Shram Yogi Mandhan Yojana related Queries (FAQs):