Question- Which of the followings statements are NOT correct regarding Atal Pension Yojana:
(a)The Union Cabinet decided to indefinitely extend the Atal Pension Yojana.
(b)This also follows with doubling of accident insurance.
(c)This scheme was launched in 2016, to provide pension between Rs 1,000 and 5,000.
(d)Now scheme will expand its focus from households to individuals.
Answer. C
Related facts:
- The Union Cabinet decided to indefinitely extend the Atal Pension Yojana, which lapsed in August, doubling the accident insurance (from 1 lakh to 2 lakh)and Earlier, people of age group 18-60 years were entitled now the age criteria has been raised up to 65 years.
- This scheme was launched in 2015; to provide pension between Rs 1,000 and 5,000.According to government data, over 1 crore people have been benefited.
- Overdraft facility has been increased from Rs 5,000 to 10,000. Atal Pension Yojana is a pension scheme to target the unorganized sector.
– Ramayan Upadhyay
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