Pension scheme for unorganised workers being evaluated: Govt to House panel

Against an enrollment target of 10 mn beneficiaries in each of the financial years starting 2020-21, only 522,868 workers were enrolled in the scheme in the past three years till Dec 2022

Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM)- a voluntary and contributory pension scheme for workers of the unorganised sector - is currently undergoing third-party evaluation by the Indian Institute of Public Administration (IIPA) to identify the hurdles in its implementation, labour ministry officials told the parliamentary standing committee on labour last month.

Responding to a query by the House panel regarding the reasons for the dismal performance of the scheme, officials said that the long-term financial commitment required by the beneficiaries, the sudden outbreak of the Covid-19 pandemic, the presence Atal Pension Yojana covering unorganised workers and the provision of free