Pradhan Mantri Shram Yogi Maan-dhan: A Critical Appraisal

Photo: Prasad

PMSYM announced in the 2019 budget, is a pension scheme, with the intention on benefiting 1 million informal workers whose monthly income is up to INR 15,000. A view of elderly men along the Yamuna, New Delhi.

Abstract: The PMSYM has several novel features, distinguishing it from Atal Pension Yojana. The implicit rate of interest is much higher and a beneficiary is entitled to a pension amount of INR 3,000 per month.

The authors are Distinguished Fellow at Research and Information System for Developing Countries and Editor, Indian Journal of Social Security, Delhi respectively. The article should be cited as Kundu, A. and S. L. Arora, 2019. Pradhan Mantri Shram Yogi Maan-dhan: critical appraisal, Geography and You, 19(14): 32-35.