This govt scheme will fetch you Rs 36,000 pension annually with daily contribution of Rs 2

Team Udayavani, Dec 30, 2021, 1:08 PM IST

The Central Government runs a number of initiatives that provide financial support to farmers, labourers, those working in the unorganised sector, and the destitute. One of these programmes is the Pradhan Mantri Shram Yogi Honorarium Pension Yojana (PM-SYM). Approximately 46 lakh workers in the unorganised sector have signed up for the programme.

The government promises the labourers a pension under this system. By saving just Rs 2 per day in this scheme, you can get a pension of Rs 36,000 each year.

To participate in this scheme, you must make a monthly contribution of Rs 55. For instance, if you start saving roughly Rs 2 per day when you’re 18, you’ll be able to retire at the age of 18 with a pension of Rs 36000 each year. If someone starts this scheme at the age of 40, they must make monthly deposits of Rs 200. You will be eligible for a pension at the age of 60, and you will earn a monthly income of Rs 3000, or Rs 36000 each year.

To participate in this scheme, you must have a savings bank account and an Aadhar card. The age of the person should not be less than 18 years old nor more than 40 years old.

To do so, go to the Common Service Center and register for the scheme (CSC).

On the CSC center’s website, employees can create an account. The government has also created an online portal for this scheme. The Indian government would receive all information collected online through these services.

For registration, you will need your Aadhar card, a savings or Jan Dhan bank account passbook, and your mobile number. A consent letter must also be obtained and given to the bank branch where the worker has a bank account in order for money to be deducted for pension from his bank account on time.

The Pradhan Mantri Shram Yogi Mandhan Pension Scheme is open to any unorganised sector worker under the age of 40 who is not enrolled in any government scheme. Let us remind you that the person enrolling for this scheme must earn less than Rs 15,000 per month on a monthly basis.

(With inputs from Zee news)