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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) is designed to provide a pension income to subscribers after the age of 60. A key objective is to cover workers in the unorganized sector, offering them a safety net. The scheme also provides for the spouse of the subscriber to receive the same pension amount after the subscriber's death, ensuring continuity of income.

Source: UPSC gs1 2016

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