Under Pradhan Mantri Shram Yogi Maan-dhan (PM-SY

PM-SYM is a voluntary, contributory pension scheme for unorganised sector workers, launched in 2019. Its entry age is 18 to 40 years, the worker's monthly income should be ₹15,000 or less, and the central government makes a matching contribution. After age 60, the subscriber gets an assured pension of ₹3,000 per month. The scheme is a central sector scheme of the Ministry of Labour & Employment, which implements it through LIC (LIC serves as the pension fund manager for the scheme), with enrolment through Common Service Centres (CSCs). PFRDA has no regulatory or administrative role in PM-SYM, so option (a) is the incorrect statement.