PMSYM Pension Scheme

Four years since its launch, the Rajasthan authorities have managed to enrol less than five per cent of its unorganised workers in the Pradhan Mantri Shram Yogi Maandhan Yojana

PM-SYM is a voluntary contributory pension scheme that aims to bring millions of unorganised workers into the social security net

Against an enrollment target of 10 mn beneficiaries in each of the financial years starting 2020-21, only 522,868 workers were enrolled in the scheme in the past three years till Dec 2022

The response comes following a petition to the Prime Minister's Office (PMO) by Manjeet Singh Patel, president of Delhi unit of the NMOPS, seeking revival of old pension scheme

In the Budget 2018-19, the maximum limit under PMVVY was doubled to Rs 15 lakh per senior citizen

FM Piyush Goyal had said it would benefit 100 million workers in the next five years