PM Shram Yogi Maandhan Yojana: ₹3,000 pension every month to laborers after 60 years, know eligibility and method of application

PM Shram Yogi Maandhan Yojana 2026: The central government 's Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) is an important financial security option for laborers and low-income workers in the unorganized sector . Under this scheme, eligible workers receive a guaranteed pension of ₹3,000 per month after reaching the age of 60. Significantly, the central government contributes an equal amount to the beneficiary's pension account.

Eligible street vendors, rickshaw pullers, domestic workers, construction workers, agricultural laborers, and other unorganized sector workers can benefit from this scheme, but they must meet certain age, income, and other eligibility criteria.

What is the Prime Minister's Shram Yogi Maandhan Scheme?

The Pradhan Mantri Shram Yogi Maandhan Yojana (PMSHRM) is a voluntary, contribution-based pension scheme of the central government. It was launched with the objective of providing regular financial support in old age to those working in the unorganized sector who do not have access to a formal pension system.

This scheme was launched in the year 2019. Its objective is to provide financial security for the future to low-income workers through small monthly savings.

Under the scheme, eligible individuals are required to make prescribed monthly contributions until they reach the age of 60. After this, they receive a monthly pension of ₹3,000.

Thus the beneficiary receives a pension of ₹36,000 annually.

Which laborers can get the benefit of the scheme?

Pradhan Mantri Shram Yogi Maandhan Yojana has been specially designed for the workers of the unorganized sector.

This may include eligible workers from various occupations, such as:

hawkers and street vendors
Workers who drive rickshaws and other small vehicles
domestic workers
Workers working in building and road construction
farm labourers
garbage collector workers
small scale daily wage earners
Other eligible unorganized sector workers

People in these professions often don't have a regular income, so a fixed pension can be a financial support for them during their old age.

What is the eligibility to join the scheme?

The government has set some necessary conditions for applying for the Pradhan Mantri Shram Yogi Maandhan Yojana.

The applicant must fulfill the following eligibility conditions:

The age of the person applying should be between 18 to 40 years.

The monthly income of the applicant should be ₹15,000 or less.

The person should be employed in the unorganized sector.

The applicant should not be an income tax payer.

He should not be covered under relevant social security schemes like EPFO, ESIC or NPS with government contribution.

Necessary Aadhaar and bank account details must be available for the application.

Workers who fulfill these conditions can apply for registration in the scheme.

How much money will have to be deposited every month?

The most important feature of the Pradhan Mantri Shram Yogi Maandhan Yojana is that the amount of monthly contribution is decided on the basis of the age of the beneficiary at the time of application.

Under the scheme, workers have to deposit ₹55 to ₹200 every month.

A person joining the scheme at a younger age has to make a relatively lower contribution, whereas the monthly amount increases if one registers at an older age.

For example, if a worker joins the scheme at the age of 18, they will need to deposit ₹55 per month. For someone joining at the age of 40, the monthly contribution will be ₹200.

What will be the monthly contribution according to age?

18 years	₹55	₹55
20 years	₹61	₹61
25 years	₹80	₹80
30 years	₹105	₹105
35 years	₹150	₹150
40 years	₹200	₹200

In this system, the Central Government deposits an amount equal to the beneficiary.

For example, if an individual deposits ₹100 each month, the central government will also contribute ₹100. Thus, a total monthly contribution of ₹200 will go into the pension system.

The actual contribution amount is decided as per the age prescribed at the time of entry into the scheme.

How much pension will be received after completing 60 years?

Under the scheme, there is a provision to give a pension of ₹3,000 per month to eligible beneficiaries who make the required contribution for the prescribed period on attaining the age of 60 years.

This means that the beneficiary will get a total pension of ₹36,000 in a year.

This amount can help in meeting daily expenses, medicines and other essential needs during old age.

However, considering inflation and personal expenses, this amount may not be sufficient for all needs.

What will the family get in case of death of the beneficiary?

There is also a provision for family pension in the Pradhan Mantri Shram Yogi Maandhan Yojana.

If the beneficiary receiving pension dies, his/her eligible spouse can get 50 per cent of the prescribed pension as family pension.

Accordingly, on a monthly pension of ₹3,000, the eligible spouse can get a family pension of ₹1,500 per month.

This facility is available as per the terms and conditions of the scheme.

If the beneficiary dies before the age of 60, separate provisions apply regarding continuation of contributions for the spouse or withdrawal as per the scheme rules.

How to apply for the Prime Minister's Shram Yogi Maandhan Scheme?

Workers wishing to register for the scheme can visit their nearest Common Service Centre (CSC).

The general process of application is as follows:

First of all go to your nearest CSC center.

Inform the center operator about registration in the Pradhan Mantri Shram Yogi Maandhan Yojana.

Provide your Aadhar card and required bank account details.

Enter your age, income and other eligibility information.

Complete the initial contribution process as prescribed by the plan.

After completion of registration, keep the available scheme related documents or pension account details safe.

Aadhaar and bank account details are required for registration. Auto-debit is also provided for monthly contribution payments.

Where can I find official information to apply?

Detailed information related to the scheme is available on the official Mandhan portal of the Central Government.

Official Website: https://maandhan.in

Information regarding scheme eligibility, contribution, registration process and other rules can be obtained through this website.

Applicants are advised to avoid sharing their banking information with any unauthorized website or person.

Why is this scheme important for workers in the unorganized sector?

A large number of people in India are engaged in such professions where facilities like regular salary, provident fund or pension after retirement are not available.

For those dependent on daily wages and small businesses, maintaining a stable source of income in old age can be challenging.

Pradhan Mantri Shram Yogi Maandhan Yojana provides an opportunity to such eligible workers to build future financial security through regular savings.

Equal contribution from the Central Government is a major feature of the scheme.

Conclusion

The Pradhan Mantri Shram Yogi Maandhan Yojana (PMSHRM) is a key social security scheme for eligible workers in the unorganized sector. It covers workers between the ages of 18 and 40, earning a monthly income of ₹15,000 or less and meeting other prescribed eligibility conditions.

Beneficiaries contribute between ₹55 and ₹200 per month, depending on their age. The central government

also contributes an equal amount. Subject to the fulfillment of certain conditions, a monthly pension of ₹3,000 is received starting at age 60.

Interested workers can get information about the scheme through their nearest CSC center or official Mandhan portal.

Official Reference: Maandhan Portal of Government of India — https://maandhan.in

Disclaimer:

Scheme benefits are subject to eligibility, regular contributions, and applicable government regulations. Please confirm the latest guidelines on the official portal before applying.