Pradhan Mantri Shram Yogi Maan-dhan is a central government scheme meant for old age protection and social security of Unorganised Workers (UW).
The category of unorganised workers include agricultural workers, construction workers, beedi workers home-based workers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washermen, rickshaw pullers, landless labourers, handloom workers, leather workers, audio-visual workers and similar other occupations whose monthly income is Rs.15000 per month or less and belong to the entry age group of 18-40 years.
It is a voluntary and contributory pension scheme, under which the subscriber would receive a minimum assured pension of Rs.3000/- per month after attaining the age of 60 years and if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension as family pension. Family pension is applicable only to spouse.
The subscriber is required to contribute the prescribed contribution amount from the age of joining the scheme till the age of 60 years.