Which of the following schemes offers pension support to self-employed individuals and traders on a contributory basis?

Question

The Atal Pension Yojana (APY) is designed to provide a safety net for self-employed individuals and traders, allowing them to secure a pension during retirement. Launched in 2015, the scheme mandates contributions from both the government and the beneficiary, each contributing 50%. Eligible participants must be aged between 18 and 40 and cannot be members of EPFO or NPS. The scheme also requires Aadhaar linkage and a savings bank account for enrollment.

GKToday Admin · Accepted Answer

Atal Pension Yojana 	The Atal Pension Yojana (APY) is designed to provide a safety net for self-employed individuals and traders, allowing them to secure a pension during retirement. Launched in 2015, the scheme mandates contributions from both the government and the beneficiary, each contributing 50%. Eligible participants must be aged between 18 and 40 and cannot be members of EPFO or NPS. The scheme also requires Aadhaar linkage and a savings bank account for enrollment.

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