UPSC Prelims 2024 Question:

With reference to the Pradhan Mantri Shram Yogi Man-dhan (PM-SYM) Yojana, consider the following statements:

1. The entry age group for enrolment in the scheme is 21 to 40 years.
2. Age Specific Contributions shall be made by the beneficary
3. Each Subscriber under the scheme shall receive a minimum pension of ₹ 3,000 per month after attaining the age of 60 years.
4. Family Pension is applicable to the spouse and unmarried daughters.
   
   

Which of the statements given above is/are correct?

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