Q. Which ministry is responsible for implementing the 'Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Scheme', recently seen in news?
Answer:
Ministry of Labour and Employment
Notes: The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM), announced in the 2019 Interim Budget, aims to provide social security to unorganized workers. Implemented by the Ministry of Labour and Employment through LIC and CSCs since February 15, 2019, it targets approximately 42 crore workers. LIC manages the pension fund and payouts. By the end of July 2024, over 50 lakh unorganised sector workers had enrolled in this Central Sector Scheme.