With respect to the Pradhan Mantri Shram Yogi Maan Dhan Initiative consider the following statements...........

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With respect to the Pradhan Mantri Shram Yogi Maan-Dhan Initiative, consider the following statements:

1. It provides for old age protection to the unorganized workers only.

2. The entire contribution to this scheme is done by the Government only.

3. It provides for minimum assured pension of Rs. 3,000 per month upon attaining the age of 60 years.

Which of the statements given above is/are incorrect?

1 and 2 only

2 only

2 and 3 only

1, 2 and 3

Explanation:

Explanation: Details about the Pradhan Mantri Shram Yogi Maan-Dhan Scheme: Voluntary and contributory pension scheme ? 50:50 contribution by the subscriber and the Central Government. Eligibility: Unorganised Workers ? Less than Rs. 15,000 monthly salary and in the age group 18-40 years. Minimum Assured Pension: Rs. 3,000/- per month after attaining the age of 60 years. Family Pension: Death of the Subscriber ? 50% of the pension to the spouse. Contribution by the Subscriber: Depends upon the age of entry. Concerned Ministry: Labour and Employment.