Government scheme : on investment of Rs 55, you will get a monthly pension of Rs 3500, know here how to apply

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Government scheme : on investment of Rs 55, you will get a monthly pension of Rs 3500, know here how to apply
Government scheme : on investment of Rs 55, you will get a monthly pension of Rs 3500, know here how to apply

In the scheme, the central government will give an amount equal to the share of the subscriber. 

That is, the subscriber will have to bear only half of the total contribution every month. All the subscribers will get a minimum pension of Rs 3000 after the age of 60 years.

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New Delhi. For the people working in the unorganized sector, the government is constantly bringing such schemes, so that not only their life can be better but their future can also be secured. One such scheme is the Pradhan Mantri Shram Yogi Maandhan Yojana, in which a worker can secure his future with a very small amount.

What are the features of the scheme

  • In the scheme, the central government will give an amount equal to the share of the subscriber. That is, the subscriber will have to bear only half of the total contribution every month.
  • All the subscribers will get a minimum pension of Rs 3000 after the age of 60 years .
  • If the subscriber dies while receiving the pension, then 50 percent of the pension received by the beneficiary as family pension will be given to the spouse of the beneficiary.
  • If the subscriber dies before the age of 60 years, the spouse can join the plan and continue the plan. Or else he can opt out of the scheme according to the given rules.
  • If the subscriber exits the scheme before 10 years, then the portion deposited by him will be returned along with the savings rate of interest.
  • If the subscriber exits the scheme before attaining the age of 60 years after depositing 10 years, he will get the money back subject to the given conditions.

What is the investment condition

  • Only unorganized sector workers in the age group of 18 to 40 can join the scheme.
  • Only such workers whose income is 15 thousand rupees or less, they will get the benefit of the scheme.
  • Income tax payers and beneficiaries of NPS/ESIC/EPFO cannot take advantage of this scheme.
  • Subscriber’s contribution will be taken directly by the bank every month through auto debit facility.

What will be the investment share

  • The investment share will be decided on the basis of age of the subscriber.
  • Subscriber of 18 years of age will have to pay Rs 55 per month in the plan. At the same time, the central government will also invest Rs 55 per month. By investing Rs 55 per month till the age of 60, the subscriber will get a pension of Rs 3000 per month.
  • At the same time, those investing at the age of 40 will have to invest Rs 200 per month. At the same time, the central government will also give a share of Rs 200 in this. That is, on an investment of Rs 400, the subscriber will get a pension of Rs 3000 from the age of 60 years.

How to invest in the scheme

 

  • According to the Labor Ministry, the enrollment for the scheme will be run by Community Service Centers (CSCs).
  • Unorganized workers can register for the scheme by visiting the nearest CSC with Aadhar Card and Savings Bank Account, Passbook/Jan Dhan Account.
  • Contribution for the first month will be paid in cash and receipt will be given.

 

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