Defence minister Nirmala Sitharaman launches the PM - SYM (Pradhan Mantri Shram Yogi Maan Dhan Yojana - a pension scheme for unorganised workers in TN. Fisheries minister D. Jayakumar and labour welfare minister Nilofer Kafeel also present. (Image DC)
Chennai: Defence Minister Nirmala Sitharaman launched the PMSYM (Pradhan Mantri Shram Yogi Maandhan Yojana - a pension scheme for unorganised workers in Tamil Nadu
She distributed the first 10 identity cards to the beneficiaries of PMSYM, marking the launch of the scheme. Around 20,000 beneficiaries from Tamil Nadu would be joining the pension scheme from out of 72 lakh unorganised sector workers.
Appealing to the state government to increase the number of Common Service Centres and 'Amma' e-seva centres across Tamil Nadu, Ms. Nirmala said PMSYM along with similar schemes of the State government would fetch `4,000 pension to the beneficiaries.
Unorganised sector workers up to 40 years of age can subscribe to PMSYM, which entails a minimum monthly pension of `3,000 to them from 60 years of age. The scheme, announced in the Union Budget for 2019-20, is targeted at unorganised sector workers with a monthly income of up to `15,000. It mandates a monthly contribution of `55 for an 18-year-old worker with equal contribution from the Centre. The worker joining the scheme at the age of 40 years would contribute `200, while workers at the age of 29 years would pay `100.