Pantpradhan Shramyogi Pension Yojana

Pantpradhan Shramyogi Pension Yojana

On Tuesday, Prime Minister of India Naredra Modi has started Pantpradhan Shramyogi Pension Yojana in all over India. By this 11 lakh 51 thousand unorganized workers found of 13 corer 58 lakh 31 thousand 918 rupees is deposited to bank account. Unorganized regions workers after their retirement will get 3 thousand rupees as per the schemes. Benefits of the scheme will be applicable to 10 corer unorganized workers.

Pantpradhan Shramyogi Pension Yojana

Workers from Unorganized will get retired at the age of 60, as soon as the retirement of the Unorganized worker at the age of 60, they will get the benefits of the scheme. In the first week of the scheme workers are need to invest from their pockets after the week the money will be deposit to their bank account.

This scheme is designed like an EPF plan, which is for the organized sector. In this, the employee contributes 12 percent of his basic salary and the same amount is deposited in the EPF from his employer. PMSYM can not participate in more than 40 years of age. This scheme was announced in the interim budget, which is for the workers who earn 15,000 rupees per month for the unorganized sector so that they can get a monthly pension of Rs 3,000 after the age of 60 years.