Good News for Daily Wage Workers: Get ₹3000 Monthly Pension Under PM Shram Yogi Maandhan Yojana — Know How to Apply

New Delhi, May 5, 2025 — In a significant step toward social security for unorganized sector workers, the Government of India is offering a monthly pension of ₹3000 to eligible laborers under the Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM). The scheme, launched in 2019 by Prime Minister Narendra Modi, aims to provide financial support to workers in old age who often lack structured retirement savings.

What Is PM Shram Yogi Maandhan Yojana?

The PM-SYM scheme is designed specifically for unorganized sector laborers, many of whom work on daily wages and do not have access to pensions or retirement benefits. Under this government initiative, eligible workers receive a guaranteed monthly pension of ₹3000 after reaching the age of 60.

So far, over 30 crore workers from across the country have enrolled in the scheme, highlighting its growing impact in ensuring economic dignity for the labor class.

Who Can Apply for the Pension Scheme?

The scheme is open to unorganized sector workers, including but not limited to:

• Rickshaw pullers

• Street vendors

• Construction workers

• Landless laborers

• Domestic workers

• Mid-day meal workers

• Brick kiln workers

• Cobblers, washermen, garbage collectors

• Head load workers and other manual laborers

Eligibility Criteria:

• Age: Between 18 and 40 years

• Monthly income: Not exceeding ₹15,000

• Must not be a taxpayer or part of other government pension schemes

If you fall into one of these categories, you are eligible to apply and start securing your retirement today.

Monthly Contribution Details

The contribution amount varies based on the age at which you join the scheme:

For every contribution made by the worker, the government contributes an equal amount, doubling the savings and making this a co-contributory pension scheme.

To get the full benefits, contributions must be made continuously until the age of 60, after which the pension is paid out every month for life.

How to Apply for PM-SYM

1. Visit your nearest Common Service Center (CSC).

2. Carry your Aadhaar card and bank passbook.

3. Fill out the registration form and submit biometric authentication.

4. Choose your monthly contribution based on age.

5. The LIC of India manages the pension fund.

Once registered, you will receive a pension card, and contributions will be auto-debited monthly from your bank account.

A Boon for India’s Working Class

The PM Shram Yogi Maandhan Yojana is a landmark initiative to protect the aging unorganized workforce. With minimal monthly contributions and government co-funding, it enables millions to retire with dignity and financial independence.