Government today extended by 3 months, the timeline for its co-contribution facility under the Atal Pension Yojana (APY) in a move aimed at benefiting the unorganised sector.A guaranteed pension scheme, APY provides monthly pension ranging from 1,000 to 5,000 rupees to the subscribers. <br/><br/>Under the scheme the government co-contributes 50 per cent of the subscriber's contribution for a period of 5 years, if the subscriber has joined before 31st December 2015. The government has now extended its co-contribution plan for subscribers who join APY by 31st March 2016. <br/><br/>This measure is likely to benefit substantial number of people who have not been able to join APY. The scheme will however continue for new subscriptions beyond March 2016, but without the benefit of 50% government co-contribution.