Shram Yogi Mandhan Yojana

বাংলাতে পড়ুন 👇

🔴 About the Scheme

It is a Central Government pension Scheme. People under this scheme will get pension of atleast ₹3,000 per Month from the Age of 60.

Person who subscribes the scheme and has paid regular contribution up to the age of 60 years,  will get a minimum monthly pension of Rs. 3000/-. After his/ her death, spouse will receive a monthly family pension which is 50 % of the pension.

🔴 Eligibility for Shram Yogi Mandhan Yojana

✅ Age Eligibility: 18 to 40 years  

✅ Monthly Income should not cross Rs 15000

✅ For Businessman, self employed, shop owners and retail owners Annual turnover should not exceed Rs 1.5 crore

🔴 Who Can not Apply

❌ Government employees are not eligible (However, their family members aged between 18 and 40 can apply)  

❌ Income Tax payer cannot apply  

❌ Those already enrolled in NPS (National Pension Fund), ESIC, EPFO cannot apply  

🔴 Required Documents:

📌 Applicant’s bank passbook  

📌 Aadhaar card  

📌 Shramik Card (Labor card ) 

📌 Biometric verification (applicant must be present in person)  

📌 Mobile phone linked to Aadhaar card  

📌 Aadhaar card of the nominee  

🔴 Details of the Scheme:

📌 A fixed amount between ₹50 and ₹200 will be deducted from your bank account and deposited into your Shramik Maandhan account. The government will contribute the same amount to your account.  

📌 The monthly contribution amount will be determined by the government based on your age. However, it will not exceed ₹200, and the amount will remain the same every month.  

📌 The amount will be automatically transferred from your bank to your Shramik Maandhan account each month. You can check your balance on the official website.  

📌 After applying, you will receive a card containing all relevant details.  

📌 In case of your demise, your nominee will receive the remaining amount in your Shramik Maandhan account along with interest.  

📌 You can exit this scheme anytime after 3 years, but you will only receive the deposited amount with interest no additional benefits.  

⭕️ FAQ : 

Question : How much contribution I have to pay?

Answer : 

Question : What happens if the worker joins this Scheme as an Unorganized worker and he joins the organized sector, gets enrolled under EPFO and again comes back to the Unorganized sector, what would be the modalities for the same? 

Answer : In case the worker moves from the unorganized sector to the organized sector, in such an event, the beneficiary can continue with scheme however the Govt. contribution will stop and the member will have to pay additional amount equal to the Govt. Share. Alternatively, he may withdraw his contribution with interest. 

Question : Whether any nomination facility (other than spouse) is available after the death of the beneficiary?

Answer : Spouse, if living, will automatically be the beneficiary of family pension on information of death and production of death certificate.

Question : What happens in case of death before the start of pension? 

Answer : In such an event, if a beneficiary has given regular contribution and died due to any cause, his/her spouse will be entitled to join and continue the scheme subsequently by payment of regular contribution for the remaining period. On completion of the contribution period, the spouse will receive a monthly pension of Rs. 3000/-. Alternatively, if the spouse so desires, the amount of the member’s contribution will be returned back to his/ her nominee with an interest equivalent to saving bank rates interest.

Question : What is the mode of contribution? 

Answer : Primarily, the mode of contribution is on monthly basis by auto-debit. However, it will also have provisions of quarterly, half yearly and yearly contribution. First contribution is to be paid in cash at Common Service Centre.

Question : Are there any educational qualifications prescribed for becoming a Member of Pradhan Mantri Shram Yogi Maandhan? 

Answer : No. There are no minimum educational qualifications necessary for joining the Scheme.

Question : How many years the beneficiary will contribute? 

Answer : Once beneficiary joins the scheme at the entry age between 18-40 years, she/he has to continuously contribute till she/he attains the age 60 years.

Question : How much pension would be received under the Scheme? At what age? 

Answer : Under the Scheme, a minimum monthly assured pension of Rs. 3000/- will commence after the beneficiary attains the age of 60 years.

Question : Where do I go for enrollment?

 Answer : You have to visit CYBER INN (Find our Address Here)

Question : What are the exit provisions?

Answer :  Exit provisions are as under: 

1.In case an eligible beneficiary exits this Scheme within a period of less than ten years from the date of joining the Scheme by him, then his share of contribution only will be returned to him with savings bank rate of interest payable thereon. 

2.If an eligible beneficiary exits after completion of a period of ten years or more from the date of joining the Scheme by him but before his age of sixty years, then his share of contribution only shall be returned to him along with accumulated interest thereon as actually earned by the Pension Fund or the interest at the savings bank interest rate thereon, whichever is higher 

3.If an eligible beneficiary has given regular contributions and died due to any cause, her/his spouse shall be entitled to continue with the Scheme subsequently by payment of regular contribution as applicable or exit by receiving the share of contribution paid by such beneficiary along with accumulated interest, as actually earned thereon by the Pension Fund or at the savings bank interest rate thereon, whichever is higher 

4.In case of exit on account of clauses (i), (ii) and (iii) above, the accumulated share of Government’s contribution shall be credited back to the Pension Fund 

5.Any other exit provision, including nomination, as may be decided by the Central Government by issuing instructions from time to time. 

6.After death of beneficiary and his or her spouse, the corpus shall be credited back to the fund.

Question : What is the role of Life Insurance Corporation of India (L.I.C)? 

Answer : The scheme is being implemented through LIC and CSCs. LIC is the pension fund manager and also responsible for pension pay out.

🔹 For any additional query regarding Shram Yogi Mandhan Yojana, call official helpline No 18002676888 or 14434.  E-mail them at "scpms@licindia.com" or "Rwsection-mole@gov.in"

🔹 For any kinds of Grievance relating to Shram Yogi Mandhan scheme kindly visit the Grievance Portal (Click Here)

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