Which of the following Government Scheme particularly focuses on old age protection?

Correct option is B

The correct answer is (b) Pradhan Mantri Shram Yogi Maan-Dhan Yojana.
The Pradhan Mantri Shram Yogi Maan-Dhan Yojana is a pension scheme launched by the Government of India, specifically focusing on providing old age protection to unorganized sector workers. This scheme aims to provide a regular monthly pension of ₹3,000 after the age of 60, ensuring financial security for workers in their old age. It is a voluntary and contributory pension scheme where the government contributes equally to the beneficiary's account.
Information Booster:
● The Pradhan Mantri Shram Yogi Maan-Dhan Yojana is targeted at unorganized sector workers aged 18-40, providing them with a pension for old age protection. ● Beneficiaries contribute monthly to the scheme, and the government matches their contributions to the pension fund. ● Upon reaching the age of 60, enrolled members receive a monthly pension of ₹3,000, promoting financial independence for the elderly. ● The scheme helps provide social security to workers like street vendors, domestic workers, and agricultural laborers who typically lack retirement benefits. ● The scheme is part of the government’s efforts to create a comprehensive social security framework for the unorganized workforce. ● Other schemes like Ayushman Bharat focus on healthcare, while insurance schemes like Pradhan Mantri Suraksha Bima Yojana and Jeevan Jyoti Bima Yojana provide accident and life insurance coverage, respectively.