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GoI’s PM-SYM Yojana Strengthens Financial Security for Millions of Unorganised Workers.

National | Dated: 06 Mar 2025

Pradhan Mantri Shram Yogi Maandhan (PM-SYM) Yojana is a significant initiative launched by the Government of India (GoI) to provide financial security to millions of unorganised workers in India. It is a part of the Government’s broader social security efforts and supports the goal of providing universal pension coverage for workers in the unorganised sector.

🎯 Key Highlights:

  • - The scheme is specifically designed for workers in the unorganised sectors, which contribute 50% of the country’s Gross Domestic Product (GDP).
  • - It is a voluntary and contributory pension scheme, aimed at offering social security to unorganised workers.

💡 Other Important Facts:

  • (i) The scheme ensures a minimum pension of Rs 3,000 per month after the age of 60 for workers who are part of the unorganised sector and earn up to Rs 15,000 per month.
  • (ii) The scheme is overseen by the Ministry of Labour and Employment (MoL&E), in collaboration with Life Insurance Corporation of India (LIC) and Common Services Centres e-Governance Services India Limited (CSC SPV), to ensure smooth implementation.
  • (iii) As of December 31, 2024, more than 30.51 crore unorganised workers were registered on the e-Shram portal.

📚 Test Your Knowledge:

The recently launched PM-SYM Yojana aims to provide a monthly pension of how much after the age of 60?

Correct Answer: ₹3,000

🚀 Quick Recap: