What is the age group covered under Atal Pension Yojana (APY)?
Show answer & explanation
Correct answer: A
Explanation
Correct Answer: 18 to 40 years
Explanation:
Atal Pension Yojana (APY) is a government-backed social security scheme in India, primarily aimed at workers in the unorganized sector.
The eligible age to join the scheme is 18 to 40 years.
Under APY, subscribers are entitled to receive a guaranteed minimum monthly pension of ₹1,000 to ₹5,000 after attaining the age of 60 years, depending on their contribution.
Additional Points:
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Atal Pension Yojana (APY) was launched on 9 May 2015.
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The scheme was launched by Prime Minister Narendra Modi in Kolkata.
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APY is administered by the Pension Fund Regulatory and Development Authority (PFRDA).
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The scheme primarily focuses on providing social security and pension benefits to workers in the unorganized sector.
Important Questions and Answers:
Question: At what age do beneficiaries start receiving the guaranteed pension under the Atal Pension Yojana?
Answer: After attaining the age of 60 years.
Question: Which regulatory body administers the Atal Pension Yojana?
Answer: Pension Fund Regulatory and Development Authority (PFRDA).