65th B.P.S.C. (Re-Exam) (Pre) 2020
What is the objective of the 'Pradhan Mantri Shram Yogi Maandhan Yojana' announced in Budget 2019-20?
aProviding education allowance for a single girl child
bProviding allowance for unemployed youth
cProviding pension benefits to retail traders and small shopkeepers✓ Correct
dProviding disability allowance
eNone of the above
Explanation
Pradhan Mantri ShramYogi Maandhan (PM-SYM) is a voluntary and contributory pension scheme started by the Central Government to provide social security to workers of the unorganised sector. This scheme ensures a minimum monthly pension of Rs. 3,000 after attaining the age of 60 years to those unorganised sector workers whose monthly income is up to Rs. 15,000. The scheme is meant for unorganised sector workers, who contribute about 50 percent to the country’s Gross Domestic Product (GDP). PM-SYM was introduced in the Interim Budget 2019-20. The scheme
economic-social-development