Ministry of Labour and Employment
The budget allocation for PM Shram Yogi Maandhan Yojana (PM-SYM) in 2025-26 increased by 37% compared to last year. PM-SYM provides old-age protection and social security for unorganized workers in India. It is a Central Sector Scheme administered by the Ministry of Labour and Employment, with LIC managing pensions. The scheme is implemented through Life Insurance Corporation and CSC eGovernance Services.
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