Explanation:

The Pradhan Mantri Shram Yogi Maan-Dhan is a voluntary and contributory pension scheme which aims to provide security and protection to the unorganised workers as well as to the old age group. 

The scheme is meant to benefit workers in the unorganised sector and this includes street vendors, rickshaw pullers, agricultural workers, mid-day meal workers, construction workers or workers in similar other occupations. There are an estimated 42 crore such unorganised workers in the country. Under this scheme, the beneficiary after attaining the age of 60 years would receive an assured monthly pension of Rs 3000/- per month and 50% of the pension shall be entitled to the spouse of the beneficiary as family pension after the death of the beneficiary. 

Some of the benefits provided to the beneficiary under this scheme are mentioned below:

1.They are provided with an assured monthly pension where each beneficiary will receive a minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.
2.If the beneficiary dies during the receipt of the pension, 50% of the pension received by the beneficiary will be entitled to the spouse as family pension.
3.If a beneficiary has given regular contribution and died due to any cause (before the age of 60 years), his/her spouse will be entitled to join and continue the scheme subsequently by payment of regular contribution or exit the scheme as per provisions of exit and withdrawal.