Subscribers of micro-pension scheme 'Swavalamban', which closes on March 31, can switch to the 'Atal Pension Yojana' (APY) and retain the government's co-contribution. A Senior official of the Pension Fund Regulatory and Development Authority (PFRDA) said in Mumbai that Swavalamban' scheme, which was launched in 2010-11, is a government-backed micro-pension scheme aimed at the unorganised sector and applicable to those who joined the National Pension Scheme (NPS). Under the scheme, the government contributes Rs 1,000 per year to each NPS account for the first four years. However, this co-contribution will not be there for the 44 lakh subscribers of both micro-pension schemes from April 1 onwards. 'Swavalamban' scheme has been replaced with APY which was launched in June last year and hence no fresh subscription under 'Swavalamban' scheme has been accepted since then. The official added that PFRDA is offering to continue the government's co-contribution of Rs 1,000 per annum for next three years to all those 'Swavalamban' subscribers who opt to shift to APY from April 1.