Policy & Ethicspensionssocial securityunorganised sectorgovernment policy
Government Offers Pension To Unorganised Workers
5.8
The government introduced the Pradhan Mantri Shram Yogi Maandhan (PM-SYM) scheme in the Interim Budget 2019 to provide unorganised sector workers a voluntary contributory pension. Eligible workers aged 18–40 with monthly income under Rs 15,000 can make age-based contributions matched by the government to receive a minimum Rs 3,000 monthly pension at age 60; enrolment is via CSCs using Aadhaar and bank auto-debit.
Key Points
- 1Defines eligibility criteria for unorganised workers aged 18–40 earning under Rs 15,000 monthly.
- 2Provides guaranteed minimum pension of Rs 3,000 at age 60, with a spouse family pension.
- 3Enables enrolment via CSCs with Aadhaar biometric, bank auto-debit, and PM-SYM card issuance.
Scoring Rationale
High practical utility and nationwide scope; low novelty and limited relevance to AI/Data Science audiences.
Sources
Public references used for this report.
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