16) Atal Pension Yojana

Question 1

Context ?

Answer 1

Completed 5yrs – it cureently has 2cr + subscribers

Question 2

Eligibility ?

Answer 2

1) Any Indian citizen in the age group of 18-40yrs
2) Contribution levels from 45rs to 210rs
3) Equal contribution from Govts side

Question 3

Benefits ?

Answer 3

1) Provides a minimum guaranteed pension ranging from 1k to 5k on attaining 60yrs of age
2) Pension amount is guaranteed for lifetime to the spouse on the death of subscriber
3) If both husband and wife die, amount is given to nominee
4) Subscribers also get tax benefits

Question 4

Ratio of male to female participation ?

Answer 4

57:43

Question 5

Administered by ?

Answer 5

PFRDA through NPS