Question Details

With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, consider the following statements:


1. The entry age group for enrolment in the scheme is 21 to 40 years.

2. Age specific contribution shall be made by the beneficiary.

3. Each subscriber under the scheme shall receive a minimum pension of ` 3,000 per month after attaining the age of 60 years.

4. Family pension is applicable to the spouse and unmarried daughters.

Which of the statements given above is/are correct?

Options

A

1, 3 and 4

B

2 and 3 only

C

2 only

D

1, 2 and 4

Show Answer

Correct Answer :

Option B

2 and 3 only

Solution :

The correct option is 2 and 3 only.

Let us analyze the statements step-by-step to understand why they are correct or incorrect:

Statement 1 is incorrect:
The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana is a voluntary and contributory pension scheme for unorganized workers. The entry age group for enrollment in the scheme is 18 to 40 years, not 21 to 40 years.

Statement 2 is correct:
Under this scheme, the contribution depends on the entry age of the beneficiary. Thus, an age-specific contribution must be made by the beneficiary, which is matched by an equal contribution from the Central Government. For example, a subscriber entering the scheme at the age of 18 will need to contribute 55 rupees per month, whereas someone entering at the age of 40 will need to contribute 200 rupees per month.

Statement 3 is correct:
Each subscriber under the PM-SYM scheme is guaranteed to receive a minimum assured pension of 3,000 rupees per month after attaining the age of 60 years.

Statement 4 is incorrect:
During the receipt of the pension, if the subscriber dies, the spouse of the beneficiary is entitled to receive 50% of the pension received by such subscriber as a family pension. Family pension is applicable only to the spouse and not to unmarried daughters.

Therefore, statements 2 and 3 are correct, making 2 and 3 only the correct answer.

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