Question
Which of the following is/are the eligibilities to participate in the Pradhan Mantri Shram Yogi Maan-Dhan Yojana? I- The workers in the age group of 18 to 40 years are eligible. II- The beneficiariesâ monthly income must be less than Rs. 15000. III- The beneficiariesâ must not be a member of EPFO/ ESIC/ NPS (Govt. funded).
Solution
Launched in March 2019, the PM-SYMDY is a voluntary and contributory pension scheme for providing a monthly minimum assured pension of 3,000 upon attaining the age of 60 years. The workers in the age group of 18 to 40 years having a monthly income of 15,000 or less and not a member of EPFO/ ESIC/ NPS (Govt. funded) can join the scheme.
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