Shram Yogi Mandhan Yojana *3000 Per Month Pension*

Pradhan Mantri Shram Yogi Mandhan Yojana
Mukesh Jindal
Written by Mukesh Jindal

Launch of Shram Yogi Mandhan Yojana

On March 5, 2019 the scheme Shram Yogi Mandhan will be inaugurated by the Prime Minister. As per the information from the Chief Minister of Jharkhand Raghuvar Das, PM Narendra Modi will launch the scheme to the country. As the scheme will facilitate the people with the benefit of Pension. Especially the contender of the Unorganized sector would be covered under the Shram Yogi Mandhan Yojana.

Pradhan Mantri Shram Yogi Mandhan Yojana

Shram Yogi Mandhan Yojana Benefits

As per the data there are 92% of the worker population of the state Jharkhand works in the Unorganized sector. Complete benefit to such worker under the scheme. As priority of the scheme to give such people the benefit of  pension. The candidate will get the pension benefit of Rs.3000 each month under the PMSYMY.

As all round development of unorganized workers will be the focus of the scheme. It will be achieved for first time after Independence under the Leadership of Prime Minister Narendra Modi.

It is an ambitious scheme of Pension for the people working in the  unorganized sector said the chief minister of Jharkhand.

Eligible for Scheme

The candidate whose annual income will be less than Rs.15000 will able to attain the benefit of the Yojana. Shram Yogi Mandhan yojana has also set the age limit to participate in the scheme. The age limit is 18 to 40 years. Inorder to get the benefit of the pension scheme. Worker has to pay the premium of Rs. 55 to Rs. 200 as  the monthly subscription for the scheme.

Working of Shram Yogi Mandhan Yojana

The candidate has to pay the regular donation as the premium for the scheme. After the age of 60 years, the candidate would be able to avail the benefit of Pension. He or she will get  3000 rupees each month.

What and who can get pension benefit amount in case of death to Contributor?

In case of death of the participant of the scheme, the family can avail the benefit. The dependent family wife or husband will get  50% of the benefit under the pension scheme each month.

Implementation of PMSYMY

Program will take place in Namkum and Godda of Ranchi district for the launch of the scheme in the Jharkhand state. It will be the responsibilty of the state government to make the scheme sucessful. It can be by more number of participation for the PMSYMY.

In Jharkhand for the convenience of the people the camps would be set up. So that the people can register for the scheme easily who work in unorganized sector. All the  district headquarters, block level, municipal and village panchayats of the state will have the camps for registration of workers. The camps will continue until 100% unorganized workers be covered.

 Leave or close scheme Benefit amount

What will be benefit amount in case of permanently disability of contributor?

As per the Chief Minister Raghuvar Das, if a candidate who is a regular contributor for the scheme become permanently disabled before the age of 60 years. Then the husband or wife of the contender can continue the scheme by paying the regular premium for the scheme. The candidate if desire to leave the scheme then he or she will get the amount actually earned on it in the pension fund along with the interest rate.

What is the amount of benefit in case of leaving the scheme?

If the contender desire to leave the scheme within 10 years of joining. Then the amount of contribution for the scheme will be given to the candidate as saving account. The candidate will get the pension fund or amount earned along with the interest in saving account which ever the higher. In case of leaving the scheme more than 10 years but less than the completion of 60 years of age.

Read Also :- Atal Pension Yojana

About the author

Mukesh Jindal

Mukesh Jindal

My name is Mukesh Jindal, and I am from New Delhi, India. I am an engineer by profession. I am employed by an IT company in which I work. My topics of interest include technology, mobile, and apps.

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