Question
UPSC Prelims 2024 Question:
With reference to the Pradhan Mantri Shram Yogi Man-dhan (PM-SYM) Yojana, consider the following statements:
- The entry age group for enrolment in the scheme is 21 to 40 years.
- Age Specific Contributions shall be made by the beneficary
- Each Subscriber under the scheme shall receive a minimum pension of ₹ 3,000 per month after attaining the age of 60 years.
- Family Pension is applicable to the spouse and unmarried daughters.
Which of the statements given above is/are correct?
Answer (Detailed Solution Below)
Option 2: 2 and 3 only
Detailed Solution
Explanation:
- To become eligible to avail benefits of the PM-SYM Yojana, a person should be:
- An unorganised worker
- Entry age between 18 and 40 years
- Monthly Income Rs 15000 or below. So, statement 1 is not correct.
- It is a voluntary and contributory pension scheme under which the beneficiary would receive a minimum assured pension of Rs 3000/- per month after attaining the age of 60 years. So, statement 2 is correct.
- During the receipt of pension, if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension. Family pension is applicable only to spouse Subscriber needs to contribute in the range of Rs. 55 - Rs. 200 depending on the entry age specific monthly contribution. So, statement 3 is correct and 4 is not correct.
Therefore, option (2) is the correct answer.
Subject: Economics| Economic Schemes and Policies
Latest UPSC Exam 2026 Updates
Last updated on February, 2026
