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.
- 1 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
Atal Pension Yojana is a government-backed pension scheme targeted at the unorganized sector. In Atal Pension Yojana, for every contribution made to the pension fund, The Central Government would also co-contribute 50% of the total contribution or Rs. 1,000 per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years.
The correct option is C.