BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a pension scheme focused on the workers in the unorganised sector?
A
SSY
B
AMRUT
C
APY
D
PMAY
Explanation: 

Detailed explanation-1: -Government of India has introduced a pension scheme for unorganised workers namely Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) to ensure old age protection for Unorganised Workers.

Detailed explanation-2: - The Atal Pension Yojana (APY) was launched on 09.05.2015 to create a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector. APY is administered by Pension Fund Regulatory and Development Authority (PFRDA).

Detailed explanation-3: -Atal Pension Yojana (APY), a pension scheme for citizens of India, is focused on the unorganised sector workers. Under the APY, guaranteed minimum pension of Rs. 1, 000/-or 2, 000/-or 3, 000/-or 4, 000 or 5, 000/-per month will be given at the age of 60 years depending on the contributions by the subscribers.

Detailed explanation-4: -Q1 What is Pradhan Mantri Shram Yogi Maandhan Yojana? Pradhan Mantri Shram Yogi Maandhan is a voluntary and contributory Pension Scheme for Unorganized Workers for entry age of 18 to 40 years with monthly income of Rs. 15000 or less.

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