Budgeting and Fiscal policy

Indian Economic System(RAS)

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Indian Economy - Understanding the basics of Indian economic system

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With reference to Pradhan Mantri Shram Yogi Maan-dhan, consider following statements

It is a central government scheme meant for old age protection and social security of Unorganised Workers (UW).
The Subscriber should belong to the entry age group of 18-40 years.
Each subscriber shall receive minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.

Select the correct statement.

1&2 only

2&3 only

1&3 only

All of the above

Explanation:

Pradhan Mantri Shram Yogi Maan-dhan is a central government scheme meant for old age protection and social security of Unorganised Workers (UW).
Eligibility Criteria- Should be an unorganised worker (UW);Entry age between 18 and 40 years;Monthly Income Rs 15000 or below.
Features: It is a voluntary and contributory pension scheme, under which the subscriber would receive a minimum assured pension of Rs 3000/- per month after attaining the age of 60 years and if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension as family pension.

By: Shubham Tiwari

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