Practicing Success
In which of the following years did the Prime Minister of India, Narendra Modi, launch Atal Pension Yojana? |
2014 2018 2020 2015 |
2015 |
The correct answer is Option (4) → 2015 The Prime Minister of India, Narendra Modi, launched the Atal Pension Yojana (APY) in 2015 as a social security scheme aimed at providing pension benefits to citizens in the unorganized sector. The scheme encourages people to save for their retirement by contributing regularly during their working years. Upon reaching the retirement age, subscribers receive a guaranteed minimum monthly pension, depending on their contributions and age at entry. APY aims to ensure financial security and promote a culture of saving among workers in the informal sector. |