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PM-SYM scheme viability
July 18 , 2023
500 days
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- 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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