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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

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