TNPSC Thervupettagam

PM-SYM scheme viability

July 18 , 2023 489 days 446 0
  • The Centre's pension scheme for unorganised workers saw nearly 21 per cent of subscribers leave in less than six months.
  • The pension scheme is known as Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM).
  • The overall number of subscribers to the scheme decreased to 4.43 million on July 11.
  • It is fall of 1.19 million from an all-time high of 5.62 million on January 31.
  • PM-SYM is a voluntary contributory pension scheme.
  • It aims to bring millions of unorganised workers into the social security net.
  • It serves unorganised sector workers aged 18 to 40 and earning less than Rs 15,000 per month.

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