Consider the following statements regarding ‘Pradhan Mantri Shram-Yogi Maandhan’ (PMSYM):
1. It is a pension scheme that applies to both organized and unorganized sectors.
2. It is open for those workers who are aged between 18 and 40 years.
3. In PMSYM, the individual has to contribute a fixed monthly amount till age 60, while an equal amount is put into the account by the government and thereafter from age 60, he or she will start getting pension for lifetime.