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?

1. 1, 3 and 4
2. 2 and 3 only
3. 2 only
4. 1, 2 and 4

Explanation

Statement 1 is incorrect

• The scheme allows enrolment from 18 to 40 years of age, not 21 to 40, enabling individuals to join earlier and contribute for a longer period.

Statement 2 is correct

• Beneficiaries must make age-based monthly contributions that rise with age—for example, ₹55 at 18 years and ₹200 at 40 years.

Statement 3 is correct

• Subscribers are entitled to a minimum monthly pension of ₹3,000 after attaining 60 years, ensuring social security for workers in the unorganised sector.

Statement 4 is incorrect

• Family pension is restricted to the spouse, who receives 50% of the pension after the subscriber’s death; unmarried daughters are not eligible.

Answer: (b) 2 and 3 only; Difficulty Level: Medium