How the Pradhan Mantri Shram Yogi Maan-Dhan Yojana scheme works ?

In Pradhan Mantri Shram Yogi Maan-Dhan Yojana scheme, the subscriber needs to pay the amount monthly from joining to the scheme until he/she attains 60 years of age.50% contribution to this scheme is given by the government.  The government will pay the same amount as that paid by the subscriber in every month. The equal amount is contributed by the central or state government. The Contribution amount for the first month shall be paid in cash for which they will be provided with a receipt.