Swavalamban Yojana : Main objectives and salient features of Scheme

Swavalamban Scheme, a co-contributory Scheme, was introduced from September 2010 onwards to encourage the unorganised sector to voluntary save for their old age. The Government contributes a sum of Rs.1000 in each New Pension Scheme (NPS) account opened under the Scheme where the subscriber is able to save Rs.1000 to Rs.12000 during a Financial Year. Government will provide contribution for 5 years to the beneficiaries who register in the year 2010-11, 2011-12, 2012-13 and 2013-14(till 23.11.2013). The Scheme has since been extended up to the year 2016-17 on an yearly contribution basis from Government. This scheme is open to those citizens of India who are not part of any statutory pension/provident fund scheme.

Under Swavalamban Scheme, central funds are released to Pension Fund Regulatory and Development Authority (PFRDA) for making co-contribution against the contribution made by the beneficiaries. Total Central funds allocated, released and utilized under the Swavalamban scheme during the last three years and the current year are as under:

(Rs. In Crore)

Year Funds	Allocated Funds	Released Funds	Utilised
2010-11	Rs.110	Rs.53.50	Rs.30.37
2011-12	Rs.220	Rs.40	Rs.35.30
2012-13	Rs.220	Rs.104	Rs.122.24
2013-14 (As on 30.11.2013)	Rs.170	Rs.33.70	Rs.12.46

The enrolment details under Swavalamban is as under:

2010-11	301920
2011-12	643989
2012-13	1104301
2013-14 (till 23.11.2013)	444804

The state wise enrolment during the last three years is at Annexure.

ANNEXURE

Sr. No.	State name	Subscribres received Government credit under Swavalmban Scheme in financial year 2010-2011	Subscribres received Government credit under Swavalmban Scheme  in financial year 2011-2012	Subscribres eligible for Government credit under Swavalmban Scheme  in financial year 2012-2013	Subscribres eligible for Government credit under Swavalmban Scheme  in financial year 2013-14 as on 23.11.2013
1	Andaman & Nicobar Islands	1	21	28	18
2	Andhra Pradesh	134,293	173,975	99943	12,371
3	Arunachal Pradesh	7	11	47	31
4	Assam	2,844	8,109	15465	3,274
5	Bihar	1,424	3,885	13829	5,112
6	Chandigarh	54	2,262	3829	2,453
7	Chhattisgarh	745	43,495	73808	54,859
8	Dadra and Nagar Haveli	44	7	56	19
9	Daman & Diu	9	4	9	4
10	Delhi	2,756	3,856	6895	2,942
11	Goa	189	515	1531	655
12	Gujarat	5,842	35,455	66702	26,731
13	Haryana	1,122	6,808	8715	4,338
14	Himachal Pradesh	761	2,114	3172	2,141
15	Jammu & Kashmir	225	375	524	406
16	Jharkhand	788	2,538	27826	21,424
17	Karnataka	82,442	161,931	322331	148,164
18	Kerala	6,648	50,895	152416	55,287
19	Lakhswadeep	1	9	23	2
20	Madhya Pradesh	3,036	7,780	19642	7,861
21	Maharashtra	10,097	14,146	56741	20,859
22	Manipur	31	5	120	29
23	Meghalaya	83	309	349	84
24	Mizoram	-	-	7	1
25	Nagaland	10	30	49	35
26	Orissa	1,917	7,881	14014	3,291
27	Pondicherry	102	223	471	334
28	Punjab	651	3,470	6366	2,298
29	Rajasthan	6,461	7,946	30510	9,865
30	Sikkim	-	5	10	2
31	Tamil Nadu	6,936	24,661	63501	36,381
32	Tripura	1,172	10,184	11225	1,339
33	Uttar Pradesh	7,925	11,717	19504	7,630
34	Uttaranchal	472	843	2448	1,099
35	West Bengal	20,252	55,911	81422	13,269
36	Non -IRA *	2,580	2,612	773	196
37	NRI	-	1	0	-
	Total	301,920	643,989	1,104,301	444,804

* There are subscribers in NPS Lite who are yet to be IRA compliant, i.e., the complete details including address are yet to updated for these subscribers. Hence, state for these subscribers could not be ascertained.

The above information was submitted by Min of Labour & Employment in reply of undermentioned Lok Sabha Question:-

GOVERNMENT OF INDIA

MINISTRY OF LABOUR AND EMPLOYMENT

LOK SABHA

UNSTARRED QUESTION NO 658

ANSWERED ON 09.12.2013

SWALAMBAN YOJANA

658 . Shri PASHUPATI NATH SINGH

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:-

(a) the main objectives and salient features of the Swavalamban Yojana;

(b) the total funds allocated, released and utilised under the Swavalamban Yojana during each of the last three years and the current year, State-wise;

(c) the target set and the actual enrolments under the scheme during the said period, State-wise and year-wise; and

(d) the achievements made so far under the said scheme?

ANSWER

MINISTER OF STATE FOR LABOUR AND EMPLOYMENT (SHRI KODIKUNNIL SURESH)

(a) to (d) *** see above ***

Source of Annexure: http://164.100.47.132/Annexture/lsq15/15/au658.htm