Question
Under the PM-SYM scheme, what is the maximum monthly pension that a subscriber can receive after the age of 60?
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.
More Economic and Social Issues ESI Questions
- Which of the following is/are the objectives of DAY-NRLM?
- In FY25 (Apr–Dec), vegetables and pulses together had what CPI weight, yet contributed what share to overall inflation?
- Which ministry published the 6th Census Report on Minor Irrigation (MI) Schemes?
- If the subscriber dies, what percentage of the pension is provided to the spouse as a family pension?
- According to the Economic Survey 2024–25, India’s real GDP growth projection for FY26 lies between:
- Which of the following is/are covered under PMMSY? I. Enhancement of Production and Productivity II. Infrastructure and Pos...
- Statement 1: e-NAM helps farmers to sell their produce directly to buyers across India. Statement 2: e-NAM eliminates the need for middlemen in agricultur...
- What is the primary objective of the 'Prime Minister's Scholarship Scheme (PMSS)'?
- Which governmental body is responsible for conducting social audits in the implementation of MGNREGA?
- Under the Janani Suraksha Yojana (JSY), which group receives the highest financial assistance for institutional delivery?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)