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?

The correct answer is Option 2.

Key Points

The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana is a voluntary and contributory pension scheme for unorganized workers, aiming to ensure old age protection for such workers. Let's evaluate the given statements based on the details of the scheme:

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

   • The entry age group for PM-SYM is 18 to 40 years.
   • Workers who join the scheme can start contributing between these ages to be eligible for the pension benefits starting at the age of 60. Hence statement 1 is incorrect.

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

   • The contributions made by the beneficiaries under PM-SYM are indeed age-specific.
   • The monthly contribution varies depending on the age at which an individual joins the scheme, with younger workers paying less and older workers paying more to account for the shorter contribution period till they reach the age of 60. Hence statement 2 is correct.

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

   • Under the PM-SYM, each subscriber is guaranteed a minimum monthly pension of ₹3,000 after reaching the age of 60, provided they have complied with the contribution requirements. Hence statement 3 is correct.

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

   • The PM-SYM provides for a family pension, but it is applicable only to the spouse of the subscriber.
   • There is no provision in the scheme for a pension to be extended to unmarried daughters or any other family members. Hence statement 4 is incorrect.