About 

PM-SYM ensures universal pension coverage for unorganized workers, enhancing India's social security system. 

• The unorganized sector contributes nearly 50% to the nation’s GDP. 
• Over 30.51 crore unorganized workers are registered on the e-Shram portal (2024). 
• Ministry: Introduced as a Central Sector Scheme in 2019 by the Ministry of Labour and Employment. 
• Objective: A voluntary and contributory pension scheme offering a minimum monthly pension of ₹3,000 after 60 years of age. 
• Pension Fund Manager: Life Insurance Corporation of India (LIC). 
• Enrollment: It can be done at Common Service Centres (CSCs) or via the Maandhan portal. 
• Subscriber Contribution: Payments are made through an auto-debit facility linked to a savings bank account or Jan-Dhan account. 

 Additional Features 

• Family Pension: If a subscriber passes away while receiving the pension, their spouse is eligible to receive 50% of the pension amount. 
  • If the subscriber dies before turning 60 after making regular contributions, 
    • The spouse can either continue the scheme by continuing contributions or exit as per the withdrawal rules. 
• Donate-a-Pension Module: Encourages employers to contribute premiums on behalf of their employees to boost enrollment. 

Implementation and Current Status 

• Coverage: Implemented in 36 States/UTs. 
• Enrollments: Around 46,12,330 (as of March 2025). 
• Top 3 States: Haryana, Uttar Pradesh, Maharashtra.