Unorganised sector pension plansees 5 mn signups in 5 yrs
Business Standard|May 02, 2024
The government's flagship pension scheme for unorganised sector workers Pradhan Mantri Shram Yogi Maandhan (PMSYM) yojana saw just over 5 million subscribers since its inception in March 2019.
SHIVA RAJORA
Unorganised sector pension plansees 5 mn signups in 5 yrs

This has raised questions on the viability and effectiveness of the scheme in providing social security to millions of unorganised sector workers.

Data collected from the Maandhan portal shows that the pension scheme crossed the 5-million subscriber mark in April 2024.

While 4.3 million people had joined the scheme in FY20, merely 130,000 people were inducted in FY21, followed by 161,000 subscribers in the subsequent financial year. Around 255,000 people had exited the scheme in FY22, thus further deteriorating the subscriber base. It added nearly 600,000 subscribers in FY24. This is against a target enrolment of 10 million beneficiaries in each of the financial years, starting 2020-21.

هذه القصة مأخوذة من طبعة May 02, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 02, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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