As the Atal Pension Yojana completed 10 years in May 2025, which age group is eligible to enroll in the scheme?
Show answer & explanation
Correct answer: A
Explanation
Correct Answer:
18–40 years
Explanation:
After completing 10 years in May 2025, under the Atal Pension Yojana (APY), individuals in the age group of 18 to 40 years are eligible to enroll in the scheme.
Key Points:
• Scheme: Atal Pension Yojana (APY)
• Eligibility age: 18–40 years
• Objective: Provide pension after retirement
• Target group: Unorganized sector workers
• Benefit: Guaranteed monthly pension
Additional Facts:
• Subscribers start receiving pension after the age of 60.
• Contribution amount depends on age and desired pension.
• It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
Important Exam Questions:
What is the eligible age to join APY?
Answer: 18–40 years
At what age does pension start under APY?
Answer: 60 years
Who is the target group of this scheme?
Answer: Unorganized sector workers
Which authority regulates APY?
Answer: PFRDA