Regarding Atal Pension Yojana, which of the following statements is/are correct?It is a minimum guar

Question

Regarding Atal Pension Yojana, which of the following statements is/are correct?It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers.Only one member of a family can join the scheme.Same amount of pension is guaranteed for the spouse for life after subscriber's death.Select the correct answer using the code given below.

Accepted Answer

Statements 1 and 3 are correct: To address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily save for their retirement, APY was launched.Statement 2 is not correct: Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme. It doesn't bar the number of family members from a family.