E Shram Card Pension Yojana 2024: Get ₹3000 monthly pension.

E Shram Card Pension Yojana: The Government of India has introduced the E Shram Card Pension Yojana to help workers in the unorganized sector by providing financial support. This Yojana ensures e-Shram cardholders a pension of Rs 36,000 annually, promoting their social and economic well-being. If you hold a labour card and wish to apply for this Yojana, keep reading for all the necessary information on eligibility, documents required, and the application process.

Overview E Shram Card Pension Yojana

The E Shram Card Pension Yojana, introduced by the Government of India, is a pivotal scheme to uplift unorganized sector workers by providing them with financial security in retirement. Launched under the Ministry of Labour and Employment, this initiative ensures that e-Shram cardholders receive a pension of Rs 3,000 per month an annual sum of Rs 36,000, upon reaching 60. To be eligible for this pension, individuals must contribute a monthly amount based on age and register under the PM Shram Yogi Mandhan Yojana.

Name of the Scheme	E Shram Card Pension Yojana
Related Department	Ministry of Labour and Employment, Government of India
Objective	Providing financial assistance to the country’s workers to ensure their sustainable development
Pension Amount	Rs 3,000 per month
Application Process	Online, Offline
Official Website	maandhan.in

Designed to support the socio-economic development of India’s vast unorganized workforce, the scheme promises a secure post-retirement life and aims to elevate the workers’ living standards. The eligibility criteria for the scheme include Indian citizenship, employment in the unorganized sector, an age range of 18 to 40 years, and a monthly income of Rs 15,000 or less.

Interested individuals can apply online and offline, ensuring widespread accessibility. The E Shram Card Pension Yojana represents a significant step towards acknowledging the contribution of unorganized sector workers and securing their future, reflecting the government’s commitment to sustainable development and social welfare.

What is the E Shram Card Pension Yojana?

The Central Government has launched the E Shram Card Pension Yojana to support the unorganized sector workers by offering a pension of Rs 3,000 monthly after they reach the age of 60, amounting to an annual pension of Rs 36,000. However, to avail of this pension, cardholders must contribute monthly based on age and register under the PM Shram Yogi Mandhan Yojana. This initiative aims to improve workers’ living standards and secure their future.

Key Details of the E Shram Card Pension Yojana

The E Shram Card Pension Yojana is a significant initiative by the Government of India, designed to offer financial support and security to workers in the unorganized sector. Here are the key details of this scheme:

• Scheme Name: E Shram Card Pension Yojana
• Administering Department: Ministry of Labour and Employment, Government of India
• Objective: To provide a sustainable and secure financial future for workers in the unorganized sector through a monthly pension.
• Pension Amount: Rs 3,000 monthly after age 60, totalling Rs 36,000 annually.
• Eligibility Criteria:
  • Indian citizenship is required.
  • Applicants must be working in the unorganized sector.
  • The age range for eligibility is between 18 to 40 years.
  • The applicant’s monthly income should not exceed Rs 15,000.
• Contribution: Beneficiaries must contribute monthly to the scheme, with the amount based on their current age until they reach 60.
• Registration: Applicants must register under the PM Shram Yogi Mandhan Yojana to be eligible for the pension.
• Application Process: The scheme offers both online and offline modes of application. Online applications can be made through the official scheme website, whereas offline applications can be processed nationwide at Public Service Centers (CSC Centers).
• Benefits: Besides providing financial stability in old age, the scheme aims to improve workers’ social and economic status in the unorganized sector, ensuring their welfare and sustainable development.

This pension scheme represents a significant effort to support the unorganized workforce, acknowledging their economic contribution and ensuring a secure and dignified retirement.

Benefits of E Shram Card Pension Yojana

The E Shram Card Pension Yojana 2024 benefits workers in the unorganized sector, aiming to provide them with financial stability and improve their overall quality of life. Here are the key benefits of the scheme:

1. Monthly Pension: Upon reaching 60, beneficiaries are entitled to a monthly pension of Rs 3,000. This steady income ensures financial support during the retirement years.
2. Annual Pension: The monthly pension accumulates to a yearly sum of Rs 36,000, offering substantial financial assistance to the pensioners.
3. Direct Bank Transfers: The pension amount is directly transferred to the beneficiaries’ bank accounts, ensuring transparency and ease of access to the funds.
4. Economic Empowerment: By providing a financial safety net, the scheme empowers workers economically, allowing them to lead a life with dignity and independence post-retirement.
5. Social Security: The scheme acts as a form of social security for workers in the unorganized sector, who typically do not have access to formal pension plans.
6. Improved Living Standards: With the financial support provided by the scheme, beneficiaries can afford better healthcare, nutrition, and overall living conditions, leading to an improved quality of life.
7. Sustainable Development: By ensuring the well-being of workers in the unorganized sector, the scheme contributes to the sustainable development of the workforce and the nation at large.
8. Future Security: The scheme offers a sense of security to the workers about their future, knowing that they will have a source of income in their older age.
9. Inclusion in PM Shram Yogi Mandhan Yojana: Registration under PM Shram Yogi Mandhan Yojana is a prerequisite, opening the door to other benefits provided under this broader initiative.

The E Shram Card Pension Yojana 2024 is a testament to the government’s commitment to the welfare of the unorganized sector workers, providing them with a means to a secure and dignified retirement.

Eligibility Criteria E Shram Card Pension Yojana

The E Shram Card Pension Yojana 2024 is designed to cater to the needs of workers in the unorganized sector by providing them with a pension post-retirement. Specific eligibility criteria have been set to ensure this scheme’s benefits reach the intended beneficiaries. Here are the key eligibility criteria for the E Shram Card Pension Yojana 2024:

1. Indian Citizenship: The applicant must be a citizen of India to be eligible for the scheme.
2. Employment in the Unorganized Sector: The scheme explicitly targets workers in the unorganized sector. Therefore, the applicant must be employed in this sector to qualify.
3. Age Limit: The applicant should be between 18 to 40 years old at the time of application. This criterion ensures that the beneficiaries contribute to the scheme for a substantial period before availing of the pension benefits.
4. Income Threshold: The monthly income of the worker applying for the scheme should not exceed Rs 15,000. This condition targets the scheme towards those most likely to need financial assistance post-retirement.
5. Registration under PM Shram Yogi Mandhan Yojana: Applicants must also be registered under the PM Shram Yogi Mandhan Yojana, a broader initiative to provide pension benefits to unorganized sector workers.

By meeting these criteria, workers in the unorganized sector can secure a financially stable future for themselves post-retirement through a monthly pension provided by the E Shram Card Pension Yojana 2024. This initiative is a significant step towards the social and economic upliftment of a vital workforce segment, ensuring their well-being and dignity in the later years of their life.

How to Apply for E Shram Card Pension Yojana

Online Application Process

1. Visit the official website dedicated to E Shram Card Pension Yojana 2024.
2. Click the “Schemes” option on the homepage, then select “PM-SYM”.
3. Follow the link to “Login” and choose “Self Enrollment”.
4. Enter your mobile number, receive an OTP, and proceed to the application form.
5. Fill in the required details and upload the necessary documents.
6. After completing the form, click “Final Submit” to receive an application receipt.

Offline Application Process

1. Visit your nearest Public Service Center (CSC Center).
2. Request the operator to apply for the E Shram Card Pension Yojana on your behalf.
3. Provide all necessary documents for verification.
4. The operator will complete your application, and you will receive a receipt after payment of the prescribed fee.

Conclusion

The E Shram Card Pension Yojana 2024 is a significant step towards supporting India’s unorganized sector workers by ensuring a stable financial future post-retirement. By following the simple online or offline application processes, eligible workers can secure a monthly pension, enhancing their standard of living and ensuring sustainable development. Ensure you meet the eligibility criteria and have all required documents ready to benefit from this Yojana.