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Tuesday, November 30, 2010

SWAVALAMBAN YOJANA SCHEME - circular by Government of India 2010

The Union Finance Minister has announced Swavalamban Scheme in the Union
Budget 2010-11 to address the longevity risk of poorer sections of the country. Under the
Swavalamban, the Government of India shall contribute a sum of Rs. 1,000 to each
subscriber account of the New Pension System (NPS) during the current year and the next
three years provided the subscriber contributes any amount between Rs. 1,000 to Rs. 12,000
per annum. The Government has targeted to cover ten lakh subscribers each in the four
years beginning 2010-11,

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