Consider the following statements about Atal Pension Yojana (APY):
1. It is a pension scheme for unorganised sector workers.
2. Workers between 18 and 40 years of age and having a bank account are eligible.
Which of the statements given above is/are correct?

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is C Both 1 and 2
Atal Pension Yojana is a scheme launched by Ministry of Finance. It aims to help these workers save money for their old age while they are working and guarantees returns post retirement. The beneficiaries of the scheme are unorganised sector workers such as personal maids, drivers, gardeners etc. between 18 and 40 years of age and having a bank account.

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