At Manasvanil Industries Pvt. Ltd., our five years of dedication right here in Tumkur extends far beyond manufacturing durable agri-processing machinery manufactured at our facility. We know that the true power of Tumkur’s industrial economy manufactured directly at our Tumkur facility lies with the unorganized workforce—the street vendors, construction workers, tailors, and rickshaw pullers who keep our community moving. We believe true progress means ensuring their dignity and security for the long term. The government’s PM Shram Yogi Maandhan (PMSYM) is a centralized pension scheme designed to do just that. As localized partners in complete growth, our five years of experienced consultancy guides you through the whole process—everything from start to end—till final allocation of the amount.
What is the PM Shram Yogi Maandhan Initiative?
Managed by the Ministry of Labour & Employment, PMSYM is a voluntary and co-contributory pension scheme. It is specifically targeted at unorganized workers (like home-based workers, street vendors, midday meal workers, head loaders, rickshaw pullers, construction workers, rag pickers, tailors, etc.) who generally lack formal social security nets. The scheme facilitates a guaranteed monthly pension, helping them maintain their livelihood and financial independence in their retirement years.
The Manasvanil Connection: Holistic Community Growth in Tumkur
You might wonder why a manufacturer of durable machinery provides assistance with a pension scheme. It’s simple: we are your partners in holistic growth.
- Supply Chain Sustainability: Unorganized workers are often critical components of the localized supply chains that feed micro-enterprises right here in Tumkur—collecting Areca leaves or supporting logistics for smaller flour and oil units. Securing their future retirement ensures the entire Tumkur eco-system remains strong.
- Done-For-You Registration: Navigating online portals, ensuring eligibility documents are correct, and managing enrollment while working full-time can be challenging. We assist with the whole process—everything from start to end—till the final allocation of the amount. We will also take care of associated bank processes, freeing you to focus on your work.
- Local Tumkur Trust: We are your neighbors on Hirehalli main road. You get direct assistance at our Tumkur office, backed by our five years of localized service.
Key Benefits of PMSYM for Tumkur’s Workforce
(Lay this out in a clean bulleted list or a small grid in Elementor)
| Feature | Details |
| Assured Pension | A guaranteed monthly pension of ₹3,000 upon reaching 60 years of age. |
| Voluntary Contribution | Low entry premium starting from ₹55 to ₹200 monthly, based on the entry age. |
| Matching Contribution | The Central Government provides an equal matching contribution to the beneficiary’s monthly premium. |
| Eligibility | Unorganized workers, age 18-40, with a monthly income below ₹15,000. |
| Family Pension | In the unfortunate event of the beneficiary’s demise, the spouse is entitled to 50% family pension. |
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