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 per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years. only subscribers who had enrolled in apy between june 1, 2015 and march 31, 2016, and were not beneficiaries of any social security schemes, besides not having any taxable income were eligible for this co-contribution.