BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Finance Minister Piyush Goyal has announced the launch of a social security pension scheme for workers in the unorganised sector, called the Pradhan Mantri Shram Yogi Mandhan in Interim Budget 2019-20. Under the scheme, an assured monthly pension of____per month will be provided to workers in the unorganised sector after____years of age.
A
Rs 5, 000, 65 years
B
Rs 3, 000, 60 years
C
Rs 1, 000, 55 years
D
Rs 9, 000, 50 years
Explanation: 

Detailed explanation-1: -Pradhan Mantri Shram Yogi Maandhan is a voluntary and contributory Pension Scheme for Unorganized Workers for entry age of 18 to 40 years with monthly income of Rs. 15000 or less.

Detailed explanation-2: -Features of PM-SYM: It is a voluntary and contributory pension scheme, under which the subscriber would receive the following benefits : (i) Minimum Assured Pension: Each subscriber under the PM-SYM, shall receive minimum assured pension of Rs 3000/-per month after attaining the age of 60 years.

Detailed explanation-3: -The Pradhan Mantri Shram Yogi Maandhan is a voluntary and contributory pension scheme for unorganized workers for entry age of 18 to 40 years with monthly income of Rs.

Detailed explanation-4: -The unorganised worker having an e-Shram card will get the following benefits: A pension of Rs.3, 000 per month after attaining 60 years. Death insurance of Rs.2, 00, 000 and financial aid of Rs.1, 00, 000 in the case of partial handicap of a worker.

There is 1 question to complete.