India's Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Scheme Introduction In a rapidly evolving global economy, the need to address the challenges faced by the unorganized workforce is paramount. In India, a significant portion of the population engages in informal and unorganized labor, lacking access to social security and retirement benefits. Recognizing this issue, the Indian government introduced the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) scheme, aimed at providing social security to unorganized workers in their old age. This blog explores the PM-SYM scheme, its features, benefits, and impact on the lives of millions of unorganized workers across India. Understanding PM-SYM Scheme: The PM-SYM scheme is a voluntary and contributory pension scheme for unorganized workers, targeting individuals in the age group of 18 to 40 years. Launched in February 2019, the scheme aims to ensure income security for unorganized workers during their old age by providing a monthly pension af...
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