This Scheme was first published on “Ministry of Labour & Employment ” website and for more info, you can visit “https://labour.gov.in/pm-sym” website

Description: This scheme aims to give an assured monthly pension of Rs.3000 per month to workers in the unorganized sector after 60 years of age. Applicants between 18 and 40 years of age are eligible to join the scheme upon payment of monthly contribution between Rs.55 to Rs.200. Eligibility: 1. Residence of India 2. Should be engaged in the unorganized labor sector. 3. Age should be between 18 and 40. 4. The monthly income of the worker should be less than Rs.15000 5. They should not be covered under the New Pension Scheme (NPS), Employees’ State Insurance Corporation (ESIC) scheme, or Employees’ Provident Fund Organisation (EPFO). 6. he/she should not be an income taxpayer.

Process: 1. One can approach CSC and present their Aadhaar number, savings bank account number and mobile number or applicant can self enroll to participate in this scheme through the given link : :https://maandhan.in/auth/login 2. Fill in the online application and download it with a unique ID. 3. This form has to be signed by the applicant physically in order to permit auto-debit. 4. Upload the scanned copy of the signed form in an hour on the portal. 5. Subscriber has to pay the first installment in cash at CSC or if self enrolling, needs to pay the first installment through online payment service options. 6. The bank then deducts the first installment from one’s bank and sends details to LIC which generates pension account numbers and issues SMS along with an e-card. Benefit: Rs.3000 per month pension from 60 years age