Under the Pradhan Mantri Shram Yogi Man Dhan Yojana, by saving only 55 rupees in a month, you can get 36 thousand rupees as a pension for life.
Most of the people working in the private sector make some arrangements for their retirement. Companies also deposit money in EPFO so that the employee can get financial security in old age, but people working in unorganized sectors did not have this facility till now. As long as he walked his hands and feet, he used to earn and eat, but when his hands and feet stopped walking and became old, he became dependent on others for grain and grain.
To provide financial security to such people, a scheme of the government has been started in which you can get pension from the government by paying only two rupees a day. The name of this scheme is Pradhan Mantri Shram Yogi Man Dhan Yojana.
Under this scheme, if you save two rupees daily or 60 rupees per month, you can get pension up to 36 thousand rupees annually. The purpose of this scheme is to provide financial security to the people working in the unorganized sector. By unorganized sector we mean those sectors which we call labor class or other middle class such as hawkers, mid day meal makers, lotters, bricklayers, cobblers, domestic workers, washermen, rickshaw Runners, landless people and people engaged in any such work can take advantage of this scheme. According to statistics, about 42 lakh people work in the unorganized sector in the country. Under this scheme, people working in the unorganized sector can get Rs 3,000 as monthly pension after 60 years.
Any person between the age of 18 to 40 years working in the unorganized sector can deposit Rs.55 per month to Rs.200 per month in this scheme. You have to deposit this money every month for 60 years. After 60 years you will be entitled to get pension. The person depositing money in this scheme from the age of 18 will have to deposit only Rs 55 per month, whereas if you are 40 years old which is the maximum age to take advantage of this scheme, then you will have to pay Rs 200 per month.
