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What is die minimum monthly assured pension for a person after attaining the age of 60 years in the Pradhan Mantri Shram Yogi Mann-Dhan Yojana? (As of
Question

What is die minimum monthly assured pension for a person after attaining the age of 60 years in the Pradhan Mantri Shram Yogi Mann-Dhan Yojana? (As of July 2022)


A.

Rs. 4,000


B.

Rs. 1,500


C.

Rs. 5,000


D.

Rs. 3,000

Correct option is D

The correct answer is (D)   ​Rs. 3,000

  • ​The Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) is a pension scheme designed to provide social security and financial protection to unorganized workers during their old age.
  • This scheme was launched in 2019 by the Government of India.

Information booster:

  • Monthly Pension: After reaching the age of 60, a subscriber is assured a minimum pension of ₹3,000 per month.

Eligibility:

  • Workers between the ages of 18 and 40 can join.
  • Monthly income should not exceed ₹15,000.
  • Voluntary Contribution: The scheme is voluntary and contributory, meaning workers contribute a small monthly amount, and the government matches their contribution.
  • Family Pension: If the subscriber passes away during retirement, their spouse is eligible to receive a family pension of 50% of the subscriber's pension.

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