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A. The Central Government co-contribute 50% of the total contribution or Rs. 1000 per annum,
whichever is higher
B. It replaced the Swavalamban scheme
C. It is administered by the Pension Fund Regulatory and Development Authority
D. The beneficiaries will not be able to exit the scheme before the age of 60
The Central Government co-contribute 50% of the total contribution or Rs. 1000 per annum,
whichever is lower, to each eligible subscriber account, for a period of 5 years, who join the NPS
between the period 1st June, 2015 and 31st December, 2015 and who are not members of any
statutory social security scheme and who are not income tax payers.