Economy
2024
Government Schemes
Poverty and Unemployment
With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, consider the following statements:
- The entry age group for enrolment in the scheme is 21 to 40 years.
- Age specific contribution shall be made by the beneficiary.
- Each subscriber under the scheme shall receive a minimum pension of ₹ 3,000 per month after attaining the age of 60 years.
- Family pension is applicable to the spouse and unmarried daughters. Which of the statements given above is/are correct?
C.2 only
D.1, 2 and 4
A.1, 3 and 4
B.2 and 3 only
Correct Answer: Option B
The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana aims to provide old age protection and social security for Unorganised Workers (UW). These include rickshaw pullers, street vendors, mid-day meal workers, and others in similar occupations.
Key features of the scheme:
- It is a voluntary and contributory pension scheme.
- Subscribers receive a minimum assured pension of ₹3,000 per month after attaining the age of 60 years.
- If the subscriber dies, the spouse is entitled to 50% of the pension as family pension. This is only applicable to the spouse.
- The eligible age group for enrolment is 18 to 40 years, with a monthly income of ₹15,000 or below.
- Beneficiaries make age-specific contributions.
Based on these features:
- Statement 1 is not correct. The entry age is 18-40 years, not 21-40 years.
- Statement 2 is correct. Age-specific contributions are required.
- Statement 3 is correct. A minimum pension of ₹3,000 is assured after 60 years.
- Statement 4 is not correct. Family pension applies only to the spouse.
Hence, only statements 2 and 3 are correct.
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