Extension of time-line upto 31st March,2016 for Government co-contribution under the Atal Pension Yojana (APY)

Extension of time-line upto 31st March,2016 for Atal Pension Yojana

  • January 19, 2016  
  • |  
  • UPDATED   17:59 IST

The Ministry of Finance has extended the last date to join the Atal Pension Yojana (APY) for government co-contribution, up to the 31st of March 2016. Earlier, the co-contribution clause under the retirement scheme for the unorganized sector, was available for those who joined before the 31st of December 2015. Under APY, the Central Government's co-contribution is 50% of the subscriber's contribution upto Rs. 1000 per annum for a duration of 5 years.

The decision to extend the date came after reviewing feedback from various quarters and is expected to benefit a substantial number of people who weren't able to join before.