Regarding ‘Atal Pension Yojana’, which of the following statements is/are correct?
- It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers
- Only one member of a family can join the scheme
- Some amount of pension is guaranteed for the spouse for life after the subscriber’s death.
Select the correct answer using the code given below:
Detailed Explanation:
✅ Statement 1 – Correct: Atal Pension Yojana (APY) is a minimum guaranteed pension scheme launched in 2015, primarily targeted at workers in the unorganized sector to provide old-age income security.
❌ Statement 2 – Incorrect: There is no restriction on the number of family members who can join APY. Any eligible individual (aged 18-40 years with a savings bank account) can enroll independently.
✅ Statement 3 – Correct: After the subscriber's death, the spouse receives the same pension amount for life. After both deaths, the accumulated pension wealth is returned to the nominee.
Question 26 of 36 Central Schemes
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