The scheme was launched in 2015 as an upgrade of Swavalamban Scheme with the objective of extending the old age social security coverage amongst the workers in unorganized sector (which is 88% of the working population).
Important Features
Anyone in the age group of 18-40 years can join the scheme provided he/she is a citizen of India and has an active bank account.
Minimum contribution for 20 years is mandatory.
A periodic contribution of 1000-5000 could be made (depending upon the pension wanted after retirement).
It also promises a co-contribution by Central Government of 50% of the total prescribed contribution by a ....
