Question

Achievements of Atal pension Yojana

Answer 1

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First, it provides a minimum guaranteed pension ranging from Rs 1000 to Rs 5000 in multiple of Rs 1000 depending upon the selected pension slab on attaining the age of 60 years till he/she is alive. As a second benefit, the same amount of pension is guaranteed for lifetime to the spouse on the death of the subscriber.

Answer 2

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APY is a guaranteed pension scheme of Government of India which offers triple benefits to the subscriber, on attaining 60 years of age; minimum guaranteed pension to the subscriber, same guaranteed pension to the spouse after the demise of subscriber and return of the accumulated pension wealth as accumulated till age 60 of the subscriber, to the nominee.

Atal Pension Yojana (APY), a pension scheme launched by Government of India is focused on the unorganized sector workers.

Under the APY, minimum guaranteed pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month will start after attaining the age of 60 years depending on the contributions by the subscribers for their chosen pension amount