Pradhan Mantri Shram Yogi Mandhan Yojana 2024: Workers working in the unorganized sector have to face many types of difficulties. Due to their financial condition is not good, in such a situation they can hardly meet their daily needs.
And they do not have any means to give financial strength to the future. Therefore, the government has launched the Pradhan Mantri Shram Yogi Mandhan Yojana. Under this, the workers of the unorganized sector will be provided a pension every month after the age of 60 years.
For this, first, the workers have to apply under the scheme and pay the premium till the age of 60 years. When the age of the worker becomes 60 years, they will be provided a monthly pension of up to ₹ 3000 every month. The benefit of this will be that the workers will have financial freedom to earn a living in old age.
If you also want to get the benefit of this scheme, then continue reading this post because further we are going to tell how you can take advantage of Pradhan Mantri Shram Yogi Mandhan Yojana 2024, what is its application process, what documents and eligibility criteria are required to be fulfilled for this and what are the rules of investment and withdrawal in this scheme, etc.
Pradhan Mantri Shram Yogi Mandhan Yojana 2024
PM Shram Yogi Mandhan Yojana is a scheme under which by investing you can get a monthly pension of ₹ 3000 after the age of 60 years. This scheme is operated under LIC.
And you also have to pay the premium in the LIC office itself. This scheme is specially operated for Shram Yogis so that they can be provided financial strength in old age. According to the eligibility, if you are a laborer working in the unorganized sector and your age is between 18 years to 40 years, then you can apply under this Shram Mandhan Yojana.
For your information, let us tell you that the more the workers contribute to this scheme, the more returns they get in the future. The process of investing in this scheme is very easy, to get information about it you have to read this post till the end.
What is the objective of Pradhan Mantri Shram Yogi Mandhan Yojana?
In view of the struggle of the workers working in the unorganized sector, it was announced to launch of Pradhan Mantri Shram Yogi Mandhan Yojana 2024 was to provide them with financial strength in old age. Under this scheme, after the age of 60, the workers are given financial assistance by giving them a pension amount of ₹ 3000 per month.
With the financial independence provided through this amount, the beneficiaries will be able to easily live their life in old age and they will not have to depend on anyone else for basic needs. Through this scheme, efforts are on to make the Shram Yogis self-reliant and empowered.
What are the benefits of Pradhan Mantri Shram Yogi Mandhan Yojana?
- The benefit of Shram Yogi Mandhan Yojana will be given to the workers of unorganized sectors.
- This scheme will provide a pension amount of Rs 3000 per month to the beneficiaries after the age of 60 years, which will provide financial security to the beneficiaries in old age.
- You will get more benefits from this, the more you contribute to this scheme.
- If the beneficiary of the scheme dies, then his wife will continue to receive half the pension amount i.e. one and a half thousand rupees as financial assistance for life.
- The pension amount given by the government will be transferred directly to the savings bank account of the beneficiaries.
- Let us tell you that the beneficiaries will be able to deposit the monthly premium in the LIC office under the scheme and on completion of the maturity period of the scheme, the monthly pension will also be given to the beneficiary by LIC.
- According to the withdrawal rule, if the beneficiary withdraws from this scheme within a period of less than 10 years from the date of the scheme, then that part of the contribution will be returned to him only with the savings bank rate of interest prescribed on it.
- In the case of withdrawal after completing the period of 10 years but before the age of 60, the beneficiary will be provided with part of the contribution along with the interest accumulated on it.
- In case of the death of the policyholder, his/her spouse can continue this scheme with regular contributions.
- Let us tell you that after the death of the applicant, 50% of the pension i.e. one and a half thousand rupees is provided to the applicant’s family. This amount will be provided to the nominee selected by the beneficiary.
Who are the beneficiaries of Pradhan Mantri Shram Yogi Mandhan Yojana?
For information, we would like to tell you that the benefit of this scheme is going to be given to the workers working in the unorganized sector. So know that only the workers falling in the following category will be eligible to take full advantage of the scheme –
- Small and marginal farmers
- Landless agricultural laborers
- Workers doing construction work
- Workers working in infrastructure
- Fishermen
- Animal keepers
- Leather artisans
- Weavers
- Cleaning workers
- Vegetable and fruit vendors
- Migrant laborers
- Workers working in brick kilns and stone mines
- Domestic workers etc.
Eligibility of PM Shram Yogi Mandhan Yojana 2024
Interested candidates who will fulfill all the following eligibility of PM Shram Yogi Mandhan Yojana will be approved as the beneficiary of the scheme and will be given the benefit –
- Workers of unorganized sectors will get the benefit of PM Shram Yogi Mandhan Yojana 2024. To avail of this benefit, the monthly income of the workers should be less than Rs 15000.
- Workers between the age of 18 years to 40 years can avail the benefits of the scheme.
- Income taxpayers or government employees (even if a family member is a government employee) will not get the benefit of this scheme.
- If the eligible person is covered under EPFO, NPS, and ESIC, then he will not be given the benefit of the scheme.
Documents required for Pradhan Mantri Shram Yogi Maandhan Yojana
If you want to get the benefit of the Pradhan Mantri Shram Yogi Maandhan Scheme, then you have to submit important documents known by the government, which are as follows –
- Aadhaar card
- Other identity cards like voter ID, driving license passport, etc.
- Bank passbook
- Mobile number
- Other correspondence addresses including residence certificate
- Passport size photo
- Email ID etc.
How to apply for Pradhan Mantri Shram Yogi Maandhan Yojana 2024?
To avail the benefits of Pradhan Mantri Shram Yogi Mandhan Yojana 2024, you have to follow the easy steps given below –
- Interested citizens who wish to apply under Shram Yogi Mandhan Yojana 2024 will have to go to the nearest Jan Seva Kendra with all the important documents.
- After going to the Jan Seva Kendra, the documents have to be submitted to the CSC officer and requested to apply under the scheme.
- After this, some important information will be asked from you by the officer and the application form will be filled.
- After filling out the application form, you will be given a printout of the application form and you will have to pay some service charge to the officer.
- In this way, the process of application under PM Shram Yogi Mandhan Yojana will be completed.
