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Question

Difficulty: EasySocial Sector Initiatives, Welfare Schemes, and Social Security Architecture

Under the Atal Pension Yojana (APY), a flagship social security initiative launched by the Government of India for workers in the unorganized sector, what is the prescribed subscriber entry age range for enrollment?

  1. 18 to 40 yearsAnswer
  2. B
    18 to 60 years
  3. C
    21 to 55 years
  4. D
    15 to 35 years

Answer

The minimum entry age for joining the Atal Pension Yojana is 18 years, and the maximum entry age is 40 years.
The Atal Pension Yojana (APY) mandates an entry age between 18 and 40 years so that every subscriber contributes for at least 20 years before receiving pension benefits starting at age 60.

Step-by-Step Solution

1
Identify the target scheme and its administrative mandate.
The Atal Pension Yojana (APY) provides a guaranteed minimum monthly pension to unorganized sector workers.
Eligibility rules are defined based on minimum required contribution tenure before reaching the payout age of 60.
2
Evaluate subscriber enrollment age boundaries.
To ensure a minimum contribution period of 20 years before age 60, the entry age is capped between 18 and 40 years.
An entry age cutoff of 40 years guarantees that every subscriber contributes for at least 20 years prior to pension age.

Key Concept

Eligibility Age Criteria of Social Security Pension Schemes
Estimated Time:45s
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Topics

Social Sector Initiatives, Welfare Schemes, and Social Security Architecture