UPSC 2016EconomyModerate

Regarding 'Atal Pension Yojana', which of the following statements is/are correct? 1. It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers. 2. Only one member of a family can join the scheme. 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.

A
1 only
B
2 and 3 only
C
1 and 3 only
Correct Answer
D
1, 2 and 3

Explanation

Option (c) is correct because the Atal Pension Yojana (APY) provides a minimum guaranteed pension to unorganized sector workers, and this exact amount is continued for the spouse for life upon the subscriber's death. Statement 2 is the primary distractor; it is incorrect because the scheme is open to all Indian citizens aged 18–40 with a bank account, with no restriction on the number of family members who can participate. The core concept being tested is the eligibility criteria and benefit structure of flagship social security schemes in India.

Government SchemesPension SchemesAtal Pension Yojanaunorganized sectorminimum guaranteed pensionspouse pensionsubscriber's death

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