21% unorganised workers exit PM pension scheme

• The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) scheme, a pension scheme for unorganised workers in India, has witnessed a significant number of subscribers leaving the program in less than six months. This trend has raised concerns about the scheme’s viability and sustainability.
• The PM-SYM scheme is a voluntary contributory pension scheme introduced by the Indian government. Its primary objective is to provide social security to millions of unorganised workers. The scheme is designed for unorganised sector workers aged 18 to 40 years, earning less than Rs 15,000 per month. It aims to bring these workers under the social security net and ensure their financial stability during retiremen.
   

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Published date : 15 Jul 2023 05:11PM