Sarkari Pension Scheme: If you are looking for a way to secure your old age without depending on others, the Indian government has introduced a very helpful scheme. It is called the Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM). Under this scheme, eligible people can get ₹3000 every month as a pension after the age of 60. The best part? You only need to do a simple task – register yourself under the scheme and start contributing a small amount every month.
Let’s understand this scheme in simple words.
What is the Sarkari Pension Scheme?
The Sarkari Pension Scheme, officially known as the Pradhan Mantri Shram Yogi Maandhan Yojana, is launched by the Indian Government for unorganised sector workers like:
- Street vendors
- Rickshaw pullers
- Construction workers
- Agricultural laborers
- Domestic workers
- Drivers
- Tailors
- Small shopkeepers
These workers often have no savings or security in their old age. This scheme is a step to help them live a respectable life after retirement.
Who Can Apply for the Scheme?
To get ₹3000 monthly pension, you must meet the following conditions:
- Age between 18 to 40 years
- Monthly income should be less than ₹15,000
- Should not be a taxpayer
- Should not be a member of EPFO, ESIC, or NPS
- Must have a savings bank account
- Must have an Aadhaar card
How Much You Need to Pay?
You don’t have to pay a big amount. The contribution is very low. Based on your age, you contribute a small amount monthly, and the government contributes the same amount.
For example:
| Your Age | Monthly Contribution | Govt Contribution | Total Savings |
| 18 years | ₹55 | ₹55 | ₹110/month |
| 30 years | ₹100 | ₹100 | ₹200/month |
| 40 years | ₹200 | ₹200 | ₹400/month |
Once you reach 60 years of age, you will start getting ₹3000/month for life.
Simple Task to Do: How to Register?
You just need to do this simple task:
- Visit your nearest Common Service Centre (CSC) – You can find them easily in your town or village.
- Carry Aadhaar card and bank passbook.
- The CSC person will register you under PM-SYM using your Aadhaar and mobile number.
- You will get a Pension Card.
- You have to pay your first contribution amount at the CSC.
- After that, the amount will be automatically debited from your bank every month.
That’s it! You’re now part of the Sarkari Pension Scheme.
What Happens After 60 Years?
Once you turn 60, you will start receiving a monthly pension of ₹3000 directly in your bank account every month, for your entire life. You don’t have to do anything else.
What if the Subscriber Dies?
In case the subscriber (you) dies after joining the scheme:
- Your spouse will get 50% of the pension, i.e., ₹1500 per month.
- If both husband and wife want to join, they can both register separately and receive ₹3000 each after 60 years.
Can You Exit the Scheme?
Yes, you can exit the scheme if:
- You change your mind within 10 years, you will get your money back with interest.
- If you die before 60 years, your spouse can continue the scheme or withdraw the amount with interest.
Why This Scheme is Helpful?
- Helps you plan for retirement
- You get double benefit (your contribution + government’s contribution)
- Gives financial freedom in old age
- No risk, money is safe
- You can join easily with no complex documents
Final Words
Old age can be hard without financial support. The Sarkari Pension Scheme makes it easy for workers in the unorganised sector to build a secure future. You don’t need a big job or a lot of money. Just do a simple task – visit your CSC centre, register, and contribute a little each month.
