under the scheme, the government of india contributed per year to each nps account opened in the year 2010-11 and for the next three years, that is, 2011–12, 2012–13 and 2013-14. the benefit was available only to people who joined the nps with a minimum contribution of and maximum contribution of per annum. the scheme was announced by the finance minister in budget 2010-11. it was funded by grants from the government of india.