Question : Which of the following statements is/are correct regarding changes to the Atal Pension Yojana Scheme (APY) done in 2022?
A. According to the new criteria, any citizen who is or has been an income taxpayer shall not be eligible to join APY after 1 October 2022.
B. Subscribers would receive the guaranteed minimum monthly pension of INR 1,000, INR 2,000, INR 3,000, INR 4,000 or INR 5,000 at the age of 80 years.
C. As per the new rules, subscribers can make contributions to APY monthly only.
Option 1: B and C only
Option 2: A, B and C
Option 3: A and C only
Option 4: A only
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Correct Answer: A only
Solution : The correct answer is A only.
Atal Pension Yojana is a social security scheme to provide social security to citizens, especially to those who are not a part of any pension plan or income tax payee. It provides a minimum guaranteed pension ranging from Rs. 1000 to Rs. 5000 on attaining 60 years of age. The subscriber should be between the ages of 18 and 40.
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