PM Shram Yogi Maandhan (PM-SYM) is a voluntary pension scheme for unorganised-sector workers — street vendors, construction labourers, domestic workers, rickshaw pullers and similar occupations. You contribute a small amount monthly, the government matches it rupee-for-rupee, and from age 60 you receive a guaranteed pension of ₹3,000 per month for life.
PM-SYM — key facts
| Pension | ₹3,000/month guaranteed from age 60 |
| Entry age | 18 – 40 years |
| Monthly contribution | ₹55 (at 18) to ₹200 (at 40) |
| Government match | Equal contribution by Government of India |
| Income condition | Monthly income ₹15,000 or less |
| Enrolment | CSC centres / maandhan.in |
Who is eligible
- Unorganised-sector worker aged 18–40 with monthly income up to ₹15,000
- Not covered under EPFO, ESIC or NPS (government-contributed)
- Not an income-tax payer
- Has Aadhaar and a savings bank account with IFSC
How to enrol
- Visit your nearest Common Service Centre (CSC) with Aadhaar and bank passbook
- The VLE registers you with Aadhaar authentication and your bank mandate
- Pay the first contribution in cash at the CSC; subsequent contributions auto-debit monthly
- You receive a Shram Yogi pension card with your unique number
- Self-enrolment is also possible on maandhan.in with Aadhaar OTP
Registration is free at CSC centres — carry Aadhaar and bank passbook.
What happens in different situations
- Death before 60: spouse can continue the account or exit with the accumulated contributions plus interest
- Death after 60: spouse receives 50% family pension (₹1,500/month) for life
- Exit before 60: you get your contributions back with savings-bank or fund interest depending on tenure
- Missed payments: regularise with a small interest charge; long defaults can freeze the account
Frequently asked questions
Is the ₹3,000 pension fixed forever?
Yes — it is a defined, government-guaranteed benefit under the scheme as enrolled. The LIC manages the fund as scheme administrator.
Can I hold both PM-SYM and Atal Pension Yojana?
Yes — they are separate schemes and contributions/benefits are independent, provided you meet each scheme’s eligibility.
I turned 41. Any alternative?
PM-SYM closes at 40. Consider Atal Pension Yojana (till 40) alternatives like NPS, which allows joining up to age 70.
Related schemes
Disclaimer: PMYojnaUpdates.com is an independent information portal, not affiliated with any government department. Always verify details on the official site maandhan.in before applying.