Can I exit PM-SYM before 60?

Yes, but you only get back your own contributions with bank savings interest rate — you lose the government's matching contribution and all investment returns. Exit is allowed anytime but is not recommended unless absolutely necessary.

I'm already in APY. Can I join PM-SYM?

No. PM-SYM and APY are mutually exclusive — you can be in only one. If you're already contributing to APY, you cannot join PM-SYM and vice versa. Choose based on your needs: APY for flexibility (₹1-5K pension), PM-SYM for government matching.

What if I miss monthly contributions?

If you miss a monthly payment, you can pay the pending amount later during the same financial year without any penalty. If contributions remain unpaid beyond 2 years, the account may be deactivated. Contact your CSC to regularize pending payments.

I earn more than ₹15,000/month now. Will my enrollment be cancelled?

Income is self-declared at the time of enrollment and is not continuously verified. If your income increases after enrollment, your existing enrollment continues. However, if you join EPFO/ESIC through formal employment, you should technically exit PM-SYM.

Is the ₹3,000 pension taxable?

Technically yes — pension is treated as income. But for most PM-SYM beneficiaries, ₹3,000/month (₹36,000/year) is well below the basic tax exemption limit, so effectively no tax is payable.

Active SchemeUpdated: March 2026

👷

PM Shram Yogi Maandhan

Guaranteed ₹3,000/month pension after age 60 for unorganized sector workers — government contributes equally to your monthly deposit

Monthly Pension

₹3,000

Enrollment Age

18–40 years

Govt Match

Equal contribution

Monthly Cost

₹55–200

📝Enroll at CSC 📞Helpline: 1800-267-6888

📖What is PM Shram Yogi Maandhan?

PM Shram Yogi Maandhan (PM-SYM) is a voluntary pension scheme for unorganized sector workers launched on 15 February 2019. It guarantees a monthly pension of ₹3,000 after the worker turns 60. The unique feature is that the government matches your contribution — for every rupee you put in, the government puts an equal amount.

The monthly contribution varies by age at enrollment: ₹55/month if you join at 18 (just ₹1.8/day), increasing to ₹200/month if you join at 40. These are very small amounts — even a daily wage worker earning ₹300-500/day can comfortably contribute. The government's equal matching effectively doubles your investment.

The scheme targets workers like street vendors, domestic helpers, auto/rickshaw drivers, construction workers, rag pickers, agricultural laborers, and all other workers in the unorganized sector with monthly income up to ₹15,000. Workers should not be members of EPF, NPS (government), or ESIC.

After the subscriber turns 60, they receive ₹3,000/month pension for life. If the subscriber dies, the spouse receives 50% pension (₹1,500/month) for their lifetime. If both pass away, the accumulated corpus is returned to the nominee.

✅Eligibility

Age18 to 40 years at enrollment

IncomeMonthly income up to ₹15,000

Worker typeUnorganized sector worker — NOT member of EPF/NPS(Govt)/ESIC

Monthly contribution₹55 (age 18) to ₹200 (age 40) — government matches equally

DocumentsAadhaar card, savings bank account/Jan Dhan account

EnrollmentVisit any CSC (Common Service Centre) — enrollment cannot be done online by self

📊Monthly Contribution Chart

Your monthly contribution depends on your age at enrollment. The government contributes an equal amount:

Age 18: ₹55/month (you) + ₹55 (govt) = ₹110 total monthly saving

Age 20: ₹66/month (you) + ₹66 (govt) = ₹132 total

Age 25: ₹100/month (you) + ₹100 (govt) = ₹200 total

Age 30: ₹133/month (you) + ₹133 (govt) = ₹266 total

Age 35: ₹166/month (you) + ₹166 (govt) = ₹332 total

Age 40: ₹200/month (you) + ₹200 (govt) = ₹400 total

Key insight: If you join at age 18 and contribute ₹55/month for 42 years, your total contribution = ₹27,720. You receive ₹3,000/month pension = ₹36,000/year. If you live 20 years post-60, total pension = ₹7,20,000. That's 26× your total investment. The government match and returns on the pension fund make this possible.

⚖️PM-SYM vs Atal Pension Yojana — Which to Choose?

Feature	PM-SYM	Atal Pension Yojana
Pension amount	₹3,000/month fixed	₹1,000–5,000/month (you choose)
Govt contribution	Equal matching	No matching (except initial co-contribution for early joiners)
Monthly cost (age 18)	₹55	₹42 (for ₹1K) to ₹210 (for ₹5K)
For whom	Unorganized workers (income <₹15K/mo)	Anyone with bank account (age 18-40)
Income restriction	Yes — ₹15,000/month max	No income restriction
Spouse pension	50% (₹1,500/month)	100% (same pension continues)
Can have both?	No — choose one	No — choose one

📝How to Enroll

Visit nearest CSC center

Find CSC at locator.csccloud.in. Carry Aadhaar card, savings bank passbook (with Aadhaar linked), and mobile number. You cannot self-register online — enrollment must be done at CSC.

CSC operator enrolls you on maandhan.in

The operator enters your details, verifies Aadhaar via OTP/biometric, captures your photo, and registers you on the PM-SYM portal. Choose auto-debit from your bank account.

Monthly auto-debit starts

Your contribution is auto-debited from your savings/Jan Dhan account every month. Ensure sufficient balance. Missed payments can be paid later without penalty during the same financial year.

Pension starts at 60

On your 60th birthday, ₹3,000/month pension begins. Credited directly to your bank account. Continues for lifetime.

📝How to Apply

Visit any CSC center with Aadhaar + bank passbook

Find nearest CSC at locator.csccloud.in or ask at your Gram Panchayat office.

Enroll through the CSC operator

Operator verifies identity and registers you on maandhan.in portal.

Set up monthly auto-debit

₹55-200/month debited from your bank account. Government matches equally.

Receive pension from age 60

₹3,000/month for life. Spouse gets ₹1,500/month after subscriber's death.

ℹ️You can choose EITHER PM-SYM or Atal Pension Yojana — not both. If you want a pension higher than ₹3,000/month, choose APY (up to ₹5,000/month). If you want government matching contribution, choose PM-SYM.