Registration for informal workers for PM’S pension scheme begins

NEWDELHI: Common Service Centres (CSC) e-governance Services India Ltd, a special Purpose Vehicle of the government, has started the registration process for the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) covering unorganised sector in the financial inclusion flagship programme of the government.

Informal sector workers will now be able to subscribe to PM-SYM scheme and get an assured monthly pension of ₹3,000 at 3.13 lakh CSCS across the country. The SPV is under the Ministry of Electronics & IT and it will be the nodal agency for the registration process for the scheme covering unorganised sector workers up to 40 years of age making them eligible for a minimum monthly pension of ₹ 3,000 after the age of 60 in lieu of contributions made under the scheme, an official statement said. Dinesh Tyagi, CEO, CSC, was not available for comment.

CSC has a network of over 3.13 lakh CSCS spread across India. Of these, over 2.13 lakh are operating at gram panchayat level. With such a reach, CSC is seen as the perfect partner to ensure that the scheme reaches to all needy people, particularly those living in rural and semi-urban areas.

PM-SYM i s being i mplemented by the Union Labour Ministry and is an ambitious social security scheme conceived by Prime Minister Narendra Modi. The scheme was announced in the Interim Budget and is targeted at unorganised sector workers with monthly income of up to ₹15,000.

THE SCHEME WAS ANNOUNCED IN THE INTERIM BUDGET AND IS TARGETED AT UNORGANISED SECTOR WORKERS WITH MONTHLY INCOME OF UP TO ₹15,000