BANKING AFFAIRS

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: -The Pradhan Mantri Shram Yogi Mandhan Yojana is a scheme for the unorganized sector workers with an assurance of minimum pension of ₹3000 per month on attaining the age of 60 years. Under this scheme, the unorganized sector workers would get a monthly pension of ₹3000 from the age of 60 years.

Detailed explanation-3: -Features: It is a voluntary and contributory pension scheme, under which the subscriber would receive a minimum assured pension of Rs 3000/-per month after attaining the age of 60 years and if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension as family pension.

Detailed explanation-4: -Pradhan Mantri Shram Yogi Maandhan is a social welfare scheme launched by the Ministry of Labour and Employment of the Government of India in February 2019 for poor labourers in the unorganised sector from minimum 18 years of age to maximum 40 years.