Civil Services Prep

Prelims 2024 · Economy · Question 50

With reference to the Pradhan Mantri Shram Yogi Maan-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 contribution shall be made by the beneficiary. 3. Each subscriber under the scheme shall receive a minimum pension of Rs. 3000 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?

  1. 1, 3 and 4
  2. 2 and 3 only
  3. 2 only
  4. 1, 2 and 4

Answer

2 and 3 only

1. Incorrect. PM-SYM allows enrolment for unorganised workers in the 18 to 40 years age group, not 21 to 40 years.

2. Correct. The scheme requires an age-specific monthly contribution from the beneficiary; the Central Government makes an equal matching contribution.

3. Correct. After attaining 60 years, each eligible subscriber gets a minimum assured pension of Rs. 3000 per month.

4. Incorrect. On the subscriber’s death, the spouse is eligible for family pension equal to 50% of the pension; it does not extend to unmarried daughters.

Therefore, statements 2 and 3 only are correct.

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