March 4, 2025 7:48 PM

PM-SYM: Govt’s pension scheme for unorganised workers ensuring social security

The Pradhan Mantri Shram Yogi Maandhan (PM-SYM) is a pension scheme launched by the Government of India to provide financial security to workers in the unorganised sector. Recognizing their immense contribution to nearly 50% of the country’s GDP, this voluntary and contributory scheme guarantees a minimum monthly pension of ₹3,000 after the age of 60 to workers earning up to ₹15,000 per month. Unorganised workers form the backbone of India’s economy, including home-based workers, street...