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Which of the following financial inclusion schemes was launched in June 2015 to prompt the unorganised workforce to join the National Pension Scheme?
Question

Which of the following financial inclusion schemes was launched in June 2015 to prompt the unorganised workforce to join the National Pension Scheme?

A.

Pradhan Mantri Jeevan Jyoti Bima Yojana

B.

Pradhan Mantri Suraksha Bima Yojana

C.

Atal Pension Yojana

D.

Pradhan Mantri Jan Dhan Yojana

Correct option is C

The correct answer is: (C) Atal Pension Yojana
Explanation:

Atal Pension Yojana (APY) was launched in June 2015 by the Government of India to encourage the unorganised sector workforce to join the National Pension Scheme (NPS). The scheme is aimed at providing a pension to workers in the unorganised sector, with the government contributing to their pension fund for the first five years.

Additional Information:

 Pradhan Mantri Jeevan Jyoti Bima Yojana:
  • Launched in 2015, this is a life insurance scheme providing coverage to individuals in case of death due to any reason.
 Pradhan Mantri Suraksha Bima Yojana:
  • Launched in 2015, this is a personal accident insurance scheme that provides accidental death and disability cover.
 Pradhan Mantri Jan Dhan Yojana:
  • Launched in 2014, this scheme aims to provide bank accounts to unbanked individuals, promoting financial inclusion.

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