Exit norms relaxed for Swavalamban pension scheme
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Exit norms relaxed for Swavalamban pension scheme

Updated on Monday, February 28, 2011, 23:33 Print Email
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New Delhi: Finance Minister Pranab Mukherjee Monday said that a subscriber of `Swavalamban`, the pension scheme for workers in unorganised sector, will now be allowed to exit at the age of 50 years, instead of 60 years.

"... a subscriber under Swavalamban Scheme will now be allowed to exit at the age of 50 years instead of 60 years, or a minimum tenure of 20 years, whichever is later," Mukherjee said in his Budget speech.

Swavalamban is a co-contributory pension scheme for workers in unorganised sector.

The finance minister also proposed to extend the benefit of government contribution from three to five years for all subscribers of Swavalamban who enroll during this year and in the year 2011-12. An estimated 20 lakh beneficiaries will join the scheme by March 2012.

Mukherjee said that this scheme has been welcomed by the workers in the unorganised sector. Over four lakh applications have already been received and the relaxation in exit norms is being made on the basis of the feedback received during the year.

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 Your comment(s) on this article
Who are the Aggrigaters in A.P..?
Baleeswar 93 93 88 00 90 - Mahabub nagar-AP
How to open Swavalmban pension Account v,which banks are notified for registration
Ajay - Jaipur
I also want to work for Swavalamban Pension Scheme.Pl. tell me to whom shall I contact.
Deepak V. Naik - Mumbai
I have taken VRS from Ltd. Co. 11 years back. I want to join Swavalamban Pension Scheme.
Deepak V. Naik - Mumbai
I am 24 years old, working as a Welder at various Project Site in India, and I am interesting to join in Swavalamban Yojana scheme, so kindly give me the more suggestion and benefits or criteria and tell me where is the place in West Bengal, to join whether it is in the bank or in the L.I.C
Biswajit Dash - Dantan, Paschim Medinipore, West Bengal.
kindly send me details of swalamban pension plan
Can I joined this year, please kindly guide me how to join this swavelamban scheme.
I am working in the private company, and I am interesting to ioin in this scheme, so kindly give me the more suggestion and tell me whereis the place in in goa, to join whether it is in the bank or in the L.I.C.
Domingo Monteiro - Goa
plz tell the enroll process in swavlamban pension plan, thanx
Puran Kumar - Dehradun
please tell me how to enrol the scheme
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