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As of July 2022, what is the required age bracket of a subscriber to the Atal Pension Yojana?
Question

As of July 2022, what is the required age bracket of a subscriber to the Atal Pension Yojana?

A.

14-35 years

B.

16-25 years

C.

18-40 years

D.

21-60 years

Correct option is C

The correct answer is (c) 18-40 years

About The Atal Pension Yojna

  • The Atal Pension Yojana (APY) is a government-backed pension scheme in India, launched by the Government of India in May 2015.
  • It is aimed at providing financial security to individuals during their old age, especially targeting workers in the unorganized sector

Key point:

  • Eligibility: Any Indian citizen between the ages of 18 and 40 can join the scheme.
  • Objective: The APY is a government-backed pension scheme aimed at providing financial security to individuals in their old age.
  • Contribution Period: Since the pension starts at age 60, the minimum contribution period is 20 years, so one must enroll before turning 40.

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