Monthly contribution ranges from Rs.55 to Rs.200 depending upon the entry age of the beneficiary.
Under this schemes, 50% monthly contribution is payable by the beneficiary and equal matching contribution is paid by the Central Government.
Eligibility
Should be an Indian Citizen
Unorganised Workers (working as street vendors, agriculture related work, construction site workers, workers in industries of leather, handloom, mid-day meal, rickshaw or auto wheelers, rag picking, carpenters, fisherman’s etc.
Age group of 18-40 years
Monthly income is below Rs.15000 and not a member of EPFO/ESIC/NPS (Govt. funded).
Benefits
After attaining the age of 60 yrs, beneficiaries are entitled to receive monthly assured pension of Rs.3000/-.
On death of the beneficiary, spouse is eligible for 50% monthly pension.
If husband and wife, both joins the scheme, they are eligible for Rs. 6000/- monthly pension jointl
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