Atal Pension Yojana : Scheme & eligibilty- Indian polity and Governance

Q.  Consider the following statements related to Atal Pension Yojana (APY)

1. It is for all citizens in the unorganised sector, who join the National Pension System (NPS)
2. It is administered by the Pension Fund Regulatory and Development Authority (PFRDA)
3. Minimum age is 18 years and maximum age is 50 years
4. The state government would co-contribute 50% of the subscriber's contribution or Rs. 1000 per annum

Which of the above statements are correct?
- Published on 30 Apr 15

a. 1,2,3
b. 2,3,4
c. 1,2
d. All

ANSWER: 1,2
 
It is available to people in the age group of 18 to 40.The central government would co-contribute 50% of the subscriber 's contribution or Rs. 1000 per annum

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