UPSC PRELIMS · ECONOMICS · INDIAN ECONOMY: SOCIAL SECURITY
Consider the following statements regarding the Pradhan Mantri Shram Yogi Maandhan: 1. The entry age is between 21 and 40 years. 2. The contribution is age-specific. 3. A minimum pension of ₹3,000 per month is assured after the age of 60 years. 4. The family pension is available to the spouse and unmarried daughters. Which of the above statements are correct?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
PM-SYM is a contributory pension scheme for eligible unorganised workers, with contributions varying according to entry age. It provides an assured pension of ₹3,000 per month after 60, while the stated family-pension condition involving unmarried daughters is not correct, so statements 2 and 3 are correct.
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