The Pradhan Mantri Shram Yogi Maandhan (PM-SYM) is a flagship pension scheme designed to provide old-age social security to workers in the unorganized sector. Launched by the Ministry of Labour and Employment, it targets millions of home-based workers, street vendors, and laborers, ensuring they lead a dignified life after retirement.

​As of March 2026, the scheme remains a vital pillar for financial inclusion in India.

​PM-SYM Scheme: Key Features & Benefits

​The scheme operates as a voluntary and contributory pension system on a 50:50 basis, where the worker and the Central Government contribute equally.

  • ​Assured Pension: A guaranteed minimum monthly pension of ₹3,000 after reaching the age of 60.

  • ​Family Pension: In the event of the subscriber's death, the spouse is entitled to receive 50% of the pension as a family pension (only applicable to the spouse).

  • ​Matching Contribution: For every rupee contributed by the worker, the Central Government deposits an equal amount into the pension account.

  • ​Implementation: Managed by the Life Insurance Corporation of India (LIC) and coordinated through Common Service Centres (CSCs).

​Eligibility Criteria for 2026

​To enroll in the PM-SYM yojana, applicants must meet the following requirements:

  1. ​Occupation: Must be an unorganized worker (e.g., rickshaw puller, street vendor, construction worker, agricultural laborer, etc.).

  1. ​Entry Age: Between 18 and 40 years.

  1. ​Monthly Income: Must be ₹15,000 or less.

  1. ​Exclusions: * Should NOT be covered under EPF, NPS, or ESIC.
    • ​Should NOT be an income tax payer.

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​Contribution Chart

​The monthly contribution depends on the age at which you join the scheme. The earlier you start, the lower your premium.

Entry Age

Monthly Contribution (Worker)

Govt. Matching Contribution

Total Monthly Deposit

18 Years

₹55

₹55

₹110

25 Years

₹80

₹80

₹160

30 Years

₹105

₹105

₹210

35 Years

₹150

₹150

₹300

40 Years

₹200

₹200

How to Apply for PM-SYM Online/Offline

​The registration process is simple and can be completed in two ways:

​1. Enrollment via CSC (Offline)

  • ​Visit your nearest Common Service Centre (CSC).

  • ​Carry your Aadhaar Card and Savings Bank/Jan Dhan Account details (with IFSC code).

  • ​The first contribution is made in cash, and subsequent payments are auto-debited from your bank account.

​2. Self-Enrollment (Online)

  • ​Visit the official portal at maandhan.in.
  • ​Enter your mobile number and Aadhaar details to generate an OTP.

  • ​Fill in the application form and set up the auto-debit facility for your bank account.

​Note: If a subscriber exits the scheme after 10 years but before reaching 60, they will receive their share of the contribution along with the accumulated interest.

​Why PM-SYM is Important for You

​For workers in the unorganized sector, this scheme provides a safety net against poverty in old age. It encourages a disciplined saving habit with the added benefit of government-backed security.