Question

As of July 2022, under the Pradhan Mantri Shram Yogi Maan-Dhan Yojana (PM-SYM) (Old Age Protection), what percentage of monthly contribution is payable by the beneficiary?

• A. 50 %
• B. 40 %
• C. 25 %
• D. 30 %

Answer 1

Answer:

A. 50 %

Under the PM-SYM scheme, the beneficiary is required to contribute 50% of the monthly premium amount, with the government contributing the remaining 50%. PM-SYM is a voluntary and contributory pension scheme on a 50:50 basis where prescribed age-specific contribution shall be made by the beneficiary and the matching contribution by the Central Government as per the chart.