Question
The subscribers of the erstwhile Swavalamban pension
scheme who are in the age group of 18-40 years were given option to migrate to ___________Solution
Fresh registration under Swavalamban Scheme has been discontinued w.e.f April 1, 2015. The subscribers of Swavalamban/ NPS Lite who are in the age group of 18-40 years have been given option to migrate to new Atal Pension Yojana launched by the Govt. of India in May 2015 which provide minimum guaranteed pension and is focused towards the poor and the under-privileged citizen of India. NPS Lite/ Swavalamban subscribers who are above 40 years of age and thus cannot migrate to APY can continue in the Swavalamban scheme till they attain the age of 60 years. If they wish, they can also exit from the scheme.
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