Question
What is the age group eligible for enrollment in the
PM-SYM scheme? Please read passage and the answer the following questions ( Q no 19 to 22) based on the passage. Pension schemes for unorganised workers are essential for ensuring financial security and stability in their later years. In India, a significant portion of the workforce is engaged in the unorganised sector, which includes street vendors, domestic workers, construction laborers, and agricultural workers. These individuals often lack formal employment contracts, access to social security benefits, and adequate savings for retirement. Establishing pension schemes for unorganised workers is crucial for several reasons, including financial security, poverty alleviation, social inclusion, and improved quality of life. One of the primary reasons for implementing pension schemes for unorganised workers is to provide them with a stable source of income in their old age. Without a pension, many unorganised workers face significant financial insecurity when they can no longer work due to age or health issues. A reliable pension can help them meet their daily needs, cover healthcare expenses, and maintain a decent standard of living. This financial security is essential for ensuring that they do not fall into poverty during their retirement years. Pension schemes can play a vital role in alleviating poverty among unorganised workers. The unorganised sector is often characterized by low wages and job insecurity, making it challenging for workers to save for the future. By providing a regular pension income, the government can help reduce the economic vulnerability of these workers, lifting them out of poverty and enabling them to lead more dignified lives. This, in turn, contributes to overall economic stability and reduces the burden on social welfare programs.Solution
Workers in the unorganized sector between the ages of 18 and 40 are eligible to enroll in the PM-SYM scheme to receive pension benefits upon retirement.
A sum of money becomes Rs. 9600 in 3 years and Rs. 11200 in 7 years at simple interest. Find the principal.
Rs. (n + 400) invested on simple interest amounts to Rs. 3,200 and Rs. 3,800 in 4 years and 6 years, respectively. Find the value of 'n'.
Nikhil invested two amounts, Rs. '2N' and Rs. '3N', at simple and compound interest rates respectively. The first amount, Rs. '2N', was invested at a si...
A sum of money grows to Rs 9,600 in 2 years when invested at a simple interest rate of 10% per annum. If the same sum of money is invested at the same i...
Calculate the value of 'a' if 'P' initially had Rs. 'a' and invested 45% of this amount in a PF A with a simple interest rate of 35% per annum and the r...
- Priya invests a sum of money at an annual compound interest rate of 8%. After 4 years, the interest accumulated is Rs. 1120. If she increases her initial i...
Aman invested ₹2,00,000 at an annual compound interest rate of ___%, with interest compounded every 4 months. If the investment was held for a total d...
A farmer wants to divide Rs 1,22,000 between his sons , who are 18 and 20 years old respectively, in such a way that the sum divided at the rate of 20% ...
Difference between CI and SI on a sum for 3 year at 20% p.a. is 176. Find the simple interest on the sum after 2 years at 10% p.a.
Amit invested Rs. 8,500 for 5 years in a scheme offering simple interest at 10% per annum. He distributed the total amount received by him from the sche...
