Pradhan Mantri Shram Yogi Maan-dhan
PM-SYM is a voluntary pension scheme for unorganized sector workers — domestic workers, street vendors, construction workers, and others earning under ₹15,000 per month. Both the worker and the central government contribute equal monthly amounts, guaranteeing ₹3,000 per month after the worker turns 60. Register at any Common Service Center (CSC) with your Aadhaar and bank account details.
About This Scheme
PM-SYM is a voluntary pension scheme for unorganized sector workers — domestic workers, street vendors, construction workers, and others earning under ₹15,000 per month. Both the worker and the central government contribute equal monthly amounts, guaranteeing ₹3,000 per month after the worker turns 60. Register at any Common Service Center (CSC) with your Aadhaar and bank account details.
Full official description
The “Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM)” by the Ministry of Labour and Employment, Government of India. The scheme aims to provide old-age social security to unorganized workers by offering a minimum assured monthly pension and family pension benefits after attaining 60 years of age, through a voluntary and contributory framework with equal contributions from the beneficiary and the Central Government, along with flexible exit provisions to address uncertainties of unorganized employment. The scheme is implemented by Life Insurance Corporation of India (LIC) through CSC eGovernance Services India Limited (CSC SPV).
Benefits
- ₹3,000 per month guaranteed pension after turning 60, paid for life
- Central government matches your monthly contribution — effectively co-funding your pension
- On death after pension starts, spouse receives 50% of the pension amount for life
- If subscriber dies before 60, spouse can continue contributing or withdraw corpus with interest
- Pension deposited directly to bank account every month
Who Can Apply (Eligibility)
- Must be an unorganized sector worker (not in formal employment)
- Age: 18–40 years at time of enrollment
- Monthly income must not exceed ₹15,000
- Must have an Aadhaar card and a savings or Jan-Dhan bank account
- Must not be an income tax payer
- Must not already be a member of EPFO, ESIC, or the National Pension System (NPS)
How to Apply
Step 1: The applicant should gather copies of the necessary documents needed to apply for the concerned scheme. Step 2: The applicant should visit the nearest Common Service Center (CSC) and complete the Biometric Verification Process. Step 3: The applicant should provide their Aadhaar number, bank account details, and mobile number and complete self-certification at the CSC.
NOTE:
To find the nearest CSC, please visit locator.csccloud.in
The first month’s contribution should be paid in cash at the CSC.
Subsequent contributions will be auto-debited from the bank account.
Online self-registration through the PM-SYM portal or mobile app is also available.
Grievance Redressal:
- Toll-Free Customer Care Number: 1800 267 6888 (Available 24×7).
- Complaints can also be registered through the web portal or mobile application.
Frequently Asked Questions
What is PM-SYM?
PM-SYM is a voluntary and contributory pension scheme for unorganized workers.
Who can apply the scheme?
Unorganized workers aged 18 to 40 years with a monthly income of up to ₹15,000 can join the scheme.
What pension amount is provided?
A minimum assured pension of ₹3,000 per month is provided after attaining 60 years of age.
Is government contribution provided?
Yes, the Central Government provides an equal matching contribution to the subscriber.
Is Aadhaar mandatory?
Yes, Aadhaar is mandatory for enrollment under PM-SYM.
Can a Jan-Dhan account be used?
Yes, a Jan-Dhan account can be used for enrollment and contribution.
Is the scheme voluntary?
Yes, enrollment under PM-SYM is completely voluntary.
What happens if the subscriber dies after 60 years?
The spouse is entitled to receive a family pension equal to 50% of the pension amount.
What happens if the subscriber dies before 60 years?
The spouse may continue the scheme by paying contributions or withdraw the accumulated amount with interest.
Can contributions be regularized if missed?
Yes, missed contributions can be regularized by paying outstanding dues with applicable penalties.
Is online enrollment available?
Yes, online enrollment is available through the PM-SYM portal or mobile application.
Who manages the pension fund?
The pension fund is managed by the Life Insurance Corporation of India (LIC).
Where can enrollment be done?
Enrollment can be done at the nearest Common Services Centre (CSC).
Is the scheme applicable to EPFO or ESIC members?
No, workers covered under EPFO or ESIC are not eligible for the scheme.
How can the nearest CSC be found?
The nearest CSC can be located by visiting locator.csccloud.in.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Aadhaar Card
- Savings Bank Account Passbook / Jan-Dhan Account Passbook
- Mobile Number
- Self-Certification (At the time of enrollment)
- Any other documents as required