Regarding 'Atal Pension Yojana', which of the following statements is/are correct?
- 1.It is minimum guaranteed pension scheme mainly targeted at unorganized sector workers.
- 2.Only one member of a family can join the scheme.
- 3.Same amount of pension is guaranteed for the spouse for life after subscriber's death.
Select the correct answer using the code given below.
Answer & explanation
Answer: (c) 1 and 3 only
Statements 1 and 3 are correct; statement 2 is wrong. Atal Pension Yojana gives a Government-guaranteed monthly pension after age 60 to subscribers, especially unorganised-sector workers, and the same pension continues to the spouse; but every eligible family member can join separately.
- ✓ 1. APY is a voluntary scheme with a guaranteed monthly pension of Rs 1,000 to Rs 5,000 from age 60, meant for all citizens but especially the poor and unorganised-sector workers.
- ✗ 2. One person can hold only one APY account, but all eligible family members aged 18 to 40 can open their own accounts.
- ✓ 3. After the subscriber's death, the spouse receives the same pension for life; after both have died, the accumulated pension wealth goes to the nominee.
Remember · Atal Pension Yojana: guaranteed Rs 1,000 to 5,000 a month from 60; spouse gets the same pension; one account per person, but every eligible family member may join.
Sources
- Atal Pension Yojana, FAQs (Pension Fund Regulatory and Development Authority) ↗ “An individual can open only one APY account. Multiple APY accounts are not permitted. However, all the eligible family members of the subscribers falling under the age bracket of 18- 40 years can open their individual APY Account.”
- Atal Pension Yojana (Pension Fund Regulatory and Development Authority) ↗ “After the subscriber’s demise, the spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse.”
Question and answer: UPSC's official GS Paper I (2016, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·