Government to give Rs 2,065 cr more to Swavalamban pension scheme

NEW DELHI: In a move that will benefit 70 lakh unorganised sector workers, the Centre today approved an additional support of Rs 2,065 crore to Swavalamban Scheme, a pension programme, and also extended the funding support to subscribers for another two years.

Extending funding support for implementing the scheme under the New Pension System (NPS) from present three years to five years for all subscribers enrolled during 2010-11, 2011-12 and 2012-13 has been approved, HRD and Telecom Minister Kapil Sibal told reporters after the Cabinet meeting.

http://articles.economictimes.indiatimes.com/2012-04-12/news/31331126_1_new-pension-system-swavalamban-scheme-pension-scheme