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?
A1, 3 and 4
B2 and 3 only
C2 only
D1, 2 and 4
Answer & Solution
Correct answer: B. 2 and 3 only
Answer: B. Statements 2 and 3 are correct; statements 1 and 4 are wrong.
PM-SYM (launched 2019) is a voluntary pension scheme for unorganised workers.
Statement 1 is WRONG. The entry age for PM-SYM is 18 to 40 YEARS (not 21 to 40). Workers in the unorganised sector aged 18-40 with monthly income up to Rs. 15,000 can enrol.
Statement 2 is CORRECT. Contribution is AGE-SPECIFIC: monthly contributions vary from Rs. 55 at age 18 to Rs. 200 at age 40. The Central Government contributes a matching amount.
Statement 3 is CORRECT. Each subscriber gets a guaranteed MINIMUM PENSION of Rs. 3,000 per month after attaining 60 years of age.
Statement 4 is WRONG. Family pension under PM-SYM is applicable to the SPOUSE only (50% of pension amount). It is NOT extended to unmarried daughters. (This may be confused with other pension schemes like CG employees pension.)
Source: Ministry of Labour and Employment PM-SYM scheme guidelines.
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