Under the scheme, GOI will contribute Rs.1000 per year to each Nation Pension Scheme- Swavalamban account opened in the year 2010-2013 for five years.

The scheme is voluntary and open to eligible citizens in the age group of 18-60 years.



Eligible individuals in the unorganized sector can open an account through their Aggregator and get an Individual subscriber Account.

The account is regulated by Pension Fund Regulatory Development Authorities (PFRDA).

There is no minimum amount required per annum or per contribution and subscriber is free to choose the amount he/she wants to invest every year.

Subscriber should not be covered under any other social security schemes like Employees’ Provident Fund and Miscellaneous Provision Act, The Coal Mines Provident Fund and Miscellaneous Provision Act etc.

The existing subscribers of Swavalamban Scheme would be automatically migrated to APY, unless they opt out