{"id":2448,"date":"2025-05-02T12:54:32","date_gmt":"2025-05-02T07:24:32","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=2448"},"modified":"2025-05-02T12:54:34","modified_gmt":"2025-05-02T07:24:34","slug":"q-with-reference-to-the-pradhan-mantri-shram-yogi-maan-dhan-pm-sym-yojana-consider-the-following-statements","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-the-pradhan-mantri-shram-yogi-maan-dhan-pm-sym-yojana-consider-the-following-statements","title":{"rendered":"Q. With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, consider the following statements:"},"content":{"rendered":"\n<ol class=\"wp-block-list\">\n<li>The entry age group for enrolment in the scheme is\u00a0<strong>21 to 40 years<\/strong>.<\/li>\n\n\n\n<li>Age specific contribution shall be made by the beneficiary.<\/li>\n\n\n\n<li>Each subscriber under the scheme shall receive a minimum pension of 3,000 per month after attaining the age of 60 years.<\/li>\n\n\n\n<li>Family pension is applicable to the spouse and unmarried daughters.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Which of the statements given above is\/are correct?<\/p>\n\n\n\n<ul class=\"wp-block-list mcq\">\n<li>1, 3 and 4<\/li>\n\n\n\n<li>2 and 3 only<\/li>\n\n\n\n<li>2 only<\/li>\n\n\n\n<li>1, 2 and 4<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer:<\/strong>&nbsp;<strong>(b) 2 and 3 only<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"pradhan-mantri-shram-yogi-maandhan-yojana\">Pradhan Mantri Shram Yogi Maandhan Yojana<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is a\u00a0<strong>Central Sector Pension Scheme<\/strong>\u00a0launched\u00a0<strong>in 2019<\/strong>, administered by the<strong>\u00a0Ministry of Labour and Employment,<\/strong>\u00a0and\u00a0<strong>Life Insurance Corporation of India (LIC)<\/strong>\u00a0acts as the Pension Fund Manager.\u00a0<\/li>\n\n\n\n<li><strong>Target Beneficiaries<\/strong>: The scheme targets\u00a0<strong>unorganised workers<\/strong>\u00a0aged\u00a0<strong>18 to 40<\/strong>, such as street vendors, domestic workers, construction labourers, and agricultural workers, with a monthly<strong>\u00a0income up to Rs 15,000.<\/strong>\u00a0<\/li>\n\n\n\n<li><strong>Contribution<\/strong>: Workers are required to make monthly contributions (premium) ranging from\u00a0<strong>Rs 55 to Rs 200,\u00a0<\/strong>depending on their entry age, with the government matching their contribution.\n<ul class=\"wp-block-list\">\n<li>An unorganized sector worker joining pension yojana at the age of 29 years will have to contribute only Rs 100 per month till the age of 60 years.<\/li>\n\n\n\n<li>A worker joining the pension yojana at 18 years, will have to contribute as little as Rs 55 per month only.<\/li>\n\n\n\n<li>The Government will deposit equal matching share in the pension account of the worker every month.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Pension Benefits<\/strong>: The scheme promises a pension of\u00a0<strong>Rs 3,000 per month<\/strong>\u00a0after the\u00a0<strong>worker turns 60.<\/strong>\u00a0However, if the worker dies before 60, there is\u00a0<strong>no lump sum payment to their family.<\/strong>\n<ul class=\"wp-block-list\">\n<li>In case of the subscriber\u2019s demise, their spouse will receive\u00a0<strong>50% of the pension<\/strong>\u00a0amount as family pension.\u00a0\u00a0<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>PM-SYM is a\u00a0<strong>voluntary and contributory pension scheme<\/strong>\u00a0that will engage as many as 42 crore workers in the unorganized sector.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lotusarise.com\/wp-content\/uploads\/2025\/04\/Pradhan-Mantri-Shram-Yogi-Maan-Dhan-Yojana.png\" alt=\"Pradhan Mantri Shram Yogi Maan-Dhan Yojana\" class=\"wp-image-51790\" style=\"width:780px;height:auto\" title=\"UPSC Prelims Research: International Relations 2024 3\"\/><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Which of the statements given above is\/are correct? Answer:&nbsp;(b) 2 and 3 only Pradhan Mantri Shram Yogi Maandhan Yojana<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[47],"years":[49],"class_list":["post-2448","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-international-relations","years-49"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":47,"label":"International Relations"}],"years":[{"value":49,"label":"2024"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":47,"name":"International Relations","slug":"international-relations","term_group":0,"term_taxonomy_id":47,"taxonomy":"post_tag","description":"","parent":0,"count":79,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=2448"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2448\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=2448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=2448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=2448"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=2448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}