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

Question

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?

(a) 1, 3 and 4
(b) 2 and 3 only
(c) 2 only
(d) 1, 2 and 4

Answer 1

Answer and Explanation:

The correct answer is (b) 2 and 3 only

• The entry age group for enrolment in the scheme is 21 to 40 years: Incorrect. The entry age group for enrolment in the PM-SYM scheme is actually 18 to 40 years, not 21 to 40 years.

• Age-specific contribution shall be made by the beneficiary: Correct. Beneficiaries have to make age-specific contributions to the scheme. The contribution amount varies depending on the age at which they join the scheme.

• Each subscriber under the scheme shall receive a minimum pension of ₹3,000 per month after attaining the age of 60 years: Correct. Under the PM-SYM scheme, each subscriber is assured a minimum monthly pension of ₹3,000 after reaching the age of 60.

• Family pension is applicable to the spouse and unmarried daughters: Incorrect. Family pension under the PM-SYM scheme is applicable only to the spouse (not to unmarried daughters). In case of the subscriber’s death, the spouse is entitled to receive 50% of the pension as a family pension.

Therefore, statements 2 and 3 are correct, making option (b) the right answer.