Q. With reference to Atal Pension Yojana, consider the following statements::
1.The scheme is administered by the Pension Fund Regulatory and Development Authority.
2.All bank account holders who are not members of any statutory social security scheme are eligible for the Atal Pension Yojana.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Both statements are correct.

  • The scheme is administered by the Pension Fund Regulatory and Development Authority through the National Pension System (NPS).
  • Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme.

Source: Article