Swavalamban Yojana Scheme

Swavalamban Yojana Scheme

The Union Finance Minister has announced Swavalamban Scheme in the Union Budget 2010-11 to address the longevity risk of poorer sections of the country. Under the Swavalamban, the Government of India shall contribute a sum of Rs. 1,000 to each subscriber account of the New Pension System (NPS) during the current year and the next three years provided the subscriber contributes any amount between Rs. 1,000 to Rs. 12,000 per annum. The Government has targeted to cover ten lakh subscribers each in the four years beginning 2010-11, bringing the total number of subscribers to 40 lakhs by March, 2014. The Operational Guidelines on Swavalamban Scheme have been approved and released which, inter-alia, provide the applicability, benefits, definitions of the un-organized sector, eligibility, funding, operation etc. of the Scheme.

The Pension Fund Regulatory and Development Authority (PFRDA) has placed these Guidelines in public domain on its website http://www.pfrda.org.in . The Government has launched the Scheme on 26.09.2010 and the same will be implemented by the PFRDA. PFRDA has appointed various agencies all over the country, such as, Financial Sector entities, Government entities, Civil Society organizations, etc. for enrolment of subscribers and contribution collection under the Swavalamban Scheme. A higher level of enrolments under the Scheme will ensure old age income security for such subscribers in their post-retirement phase.

The Minister of Labour and Employment Shri Mallikarjun Kharge gave this information in reply to a question in the Lok Sabha yesterday.

-pib-

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11 thoughts on “Swavalamban Yojana Scheme”

  1. Sir,

    is this Swavalamban yojana only for government employees or for general public as well,how much pension per month will be given under this yojana,where shall i contact for more and clear details.
    thanx

    Rajesh Singh

  2. is this Swavalamban yojana only for government employees or for general public as well,how much pension per month will be given under this yojana,where shall i contact for more and clear details.i am a president of seva sanstha,what would be the proceedure for appointed agency for for enrolment of subscribers and contribution collection under the Swavalamban Scheme.plz revert at earliest.
    thanx

    Rajesh Singh

  3. manoj kumar mogha

    sir,
    I am 39 yrs old self employed want to join this scheme, how to join this scheme?

  4. hemant sharma

    i want to know more about the scheme and from where i can contact to open the account. Is there any age limit.
    is the government contribution will be Rs 1000 on every one thousand. what will be the government contribution on maximum 12000 per annum investment.

  5. dear sir,
    my mother is 39 yr old and she is a house wife .she want to join your yojana. can she join it ?

  6. Dhirendra Saxena

    is this Swavalamban yojana only for government employees or for general public as well,how much pension per month will be given under this yojana,where shall i contact for more and clear details.i belongs to Indore(MP) would i know the proceedure for appointed agency for for enrolment of subscribers and contribution collection under the Swavalamban Scheme.How i can participate ,as i am working in private concern. plz revert at earliest.
    thanx

  7. mahendra bhingardive

    is this Swavalamban yojana only for government employees or for general public as well,how much pension per month will be given under this yojana,where shall i contact for more and clear details.i am a president of seva sanstha,what would be the proceedure for appointed agency for for enrolment of subscribers and contribution collection under the Swavalamban Scheme.plz revert at earliest.
    thanx
    mahendra bhingardive
    9920025267

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