gs1medium

Regarding ‘Atal Pension Yojana’, which of the following statements is/are correct?

  1. 1.It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers.
  2. 2.Only one member of a family can join the scheme.
  3. 3.Same amount of pension is guaranteed for the spouse for life after subscriber’s death.

Select the correct answer using the code given below.

  1. A.1 only
  2. B.2 and 3 only
  3. C.1 and 3 only
  4. D.1, 2 and 3
▶ Answer & Explanation

Correct answer: C. 1 and 3 only

The Atal Pension Yojana (APY) aims to provide a social security net for unorganized sector workers by offering a guaranteed pension. The scheme allows for joint accounts, meaning both husband and wife can potentially be subscribers, and also provides for the spouse to receive the pension after the subscriber's demise, ensuring continued financial security for the family. The primary focus remains on the unorganized sector to bring them under a formal pension system.

Source: UPSC gs1 2016

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