The Government has decided to extend its contribution to subscribers of Atal Pension Yojana, A<br/><br/>PY up to 31st of March this year. Under the scheme Central Government's contribution of 50 percent of the subscriber's contribution upto Rs 1,000 per annum, was available to each subscriber,who join APY before 31st of December 2015 for a period of 5 years. <br/><br/>The government took this decision in view of public demand to extend the timeline. This measure is likely to benefit substantial number of people who have not been able to join APY and therefore have failed to avail the benefit of co-contribution of the Government. <br/><br/>The scheme was launched on 1st of June 2015 to address the longevity risks among the workers in unorganised sector and to encourage them to voluntarily save for their retirement.