[2] Its main objective is to help towards economic security of those people who become depressed after their working age and take retirement from professional life.

[3] Swavalamban Yojana was a government-backed pension scheme targeted at the unorganised sector in India.

[10] In order to incentivize people to enroll in this scheme and widen its reach, the government announced that it would co-contribute 50% of the total contribution or ₹1,000 (US$12) per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years.

Only subscribers who had enrolled in APY between 1 June 2015 and 31 March 2016, and were not beneficiaries of any social security schemes, besides not having any taxable income were eligible for this co-contribution.

[14] The individual's Aadhaar card is the primary "know your customer" (KYC) document for identification of beneficiaries, spouses, and nominees to avoid entitlement-related disputes in the long-term.