Shri Santosh Kumar Gangwar Union Minister of State (I/C) for Labour and Employment has informed that Government of India in February 2019 launched the Pradhan Mantri Shram Yogi Maandhan (PM-SYM), a voluntary and contributory pension Scheme, for the benefit of unorganised workers, as per the eligibility. The scheme assures minimum monthly pension of Rs. 3000/- to the beneficiaries after attaining the age of 60 years. Under the Scheme, the subscriber is required to pay the prescribed monthly contribution amount and the Central Government provides the equal matching contribution. This scheme is implemented through Life Insurance Corporation of India. Enrolment under the Scheme was started with effect from 15-02-2019. As on date 10.07.2019, the total person enrolled under PM-SYM are 30,85,205.
