Pradhan Mantri Shram Yogi Maandhan (PM-SYM):
India’s unorganized sector workers will have the great chance to secure their future via the Pradhan Mantri Shram Yogi Maandhan (PM-SYM) scheme. With part of this scheme their saving as little as ₹55 per month and workers will get a fixed pension of ₹3,000 every month after the age of 60. This scheme is implemented by the central government for people who do not get the pension benefits like EPF or NPS. It also helps them to stay financially secure in the old age and reduces stress about the future.The PM-SYM scheme is a voluntary pension plan for workers in the unorganized sector. It was launched in the 2019 to help workers who do not have any social security.The important and best part of this scheme is that the government contributes the same amount as the worker. This means your savings can grow faster over time.It is made to be simple and affordable and so those people who have low income can save for their retirement.
