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With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, consider the following statements:1. The entry age group for enrolment in t
Question

With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, consider the following statements:
1. The entry age group for enrolment in the scheme is 21 to 40 years.
2. Age specific contribution shall be made by the beneficiary.
3. Each subscriber under the scheme shall receive a minimum pension of ₹ 3,000 per month after attaining the age of 60 years.
4. Family pension is applicable to the spouse and unmarried daughters.
Which of the statements given above is/are correct?

A.

1, 3 and 4 only

B.

2 and 3 only

C.

2 only

D.

1, 2 and 4

Correct option is B

Statement 1 is incorrect.

The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana is a voluntary pension scheme for unorganized workers. The entry age group for enrolment in the scheme is 18 to 40 years, not 21 to 40 years. Workers in this age group can subscribe to the scheme and contribute until they reach the age of 60.

Statement 2 is correct.

The PM-SYM scheme requires an age-specific monthly contribution from the beneficiary. The contribution amount varies based on the age of entry into the scheme. For instance, a person enrolling at the age of 18 has to contribute a lower monthly amount compared to someone enrolling at the age of 40.

Statement 3 is correct.

The scheme guarantees that each subscriber will receive a minimum monthly pension of ₹ 3,000 after they attain the age of 60 years. The pension will be paid for life, starting from the age of 60.

Statement 4 is incorrect.

Under the PM-SYM scheme, the family pension is only applicable to the spouse of the subscriber, not to unmarried daughters. In case of the subscriber's death, the spouse is eligible to receive 50% of the pension amount as family pension. There is no provision for unmarried daughters to receive the family pension under this scheme.

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