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Extension of Swavalamban Scheme for the workers in the unorganised sector.

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....xtension of Swavalamban Scheme for the workers in the unorganised sector. <br>News and Press Release<br>Dated:- 12-4-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 12-April-2012 15:18 IST Extension of Swavalamban Scheme for the workers in the unorganised sector The Union Cabinet today approved the extension of funding support for implementing the Swavalamban Sche....

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....me under the New Pension System (NPS) from present three years to five years for all subscribers who were enrolled during 2010-11, 2011-12 and 2012-13. The exit norms of the scheme have been relaxed to enable subscribers under Swavalamban to exit at the age of 50 years instead of 60 years, or a minimum tenure of 20 years, which ever is later. The Cabinet has provided an additional funding support....

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.... of Rs.2065 crore to Swavalamban Scheme upto 2016-17 towards Government's co-contribution to the subscribers of Swavalamban Scheme and also for promotional and developmental activities. This will benefit 70 lakh workers of the unorganised sector till 2016-17. During the year 2010-12, a total of 3,01,920 subscribers were enrolled whereas during 2011-12 there are 1,93,238 subscribers till 9th March,....

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.... 2012. The Swavalamban Scheme is a co-contributory pension scheme whereby the Central Government would contribute a sum of Rs.1000 per annum in each NPS account opened having a saving of Rs.1000 to Rs.12000 per annum. The Swavalamban Scheme is targeted to benefit anganwadi workers, construction workers, occupational classes like weaver, fishermen, farmers, dairy workers etc. *** SH/RK/SK<BR> Ne....

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....ws - Press release - PIB....

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