Govt’s new pension scheme seen adding to subscribers’ confusion

A slew of conditions and exclusions have made the new PMSYM scheme a difficult selling proposition

Subscribers can, in theory, be part of both PMSYM and APY schemes, but this only adds to the complexity of the system


The government on 7 February notified rules for the Pradhan Mantri Shram Yogi Maan-Dhan (PMSYM) scheme, which was announced in interim budget 2019-20 as a pension scheme for the unorganized sector workers. PMSYM promises a pension of ₹3,000 per month...

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