CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
As per recent changes in Atal Pension Yojana (APY) rules, which category of beneficiaries are excluded?
A
State Government Employees
B
Income Taxpayers
C
Central Government Employees
D
Non-Resident Indians
Explanation: 

Detailed explanation-1: -According to a notification from the finance ministry, any citizen who is or has been an income taxpayer will not be eligible to join the pension scheme.

Detailed explanation-2: -The government’s Atal Pension Yojana (APY) social security scheme will no longer accept enrollments from income tax payers from October 1, 2022. The objective is to better target pension benefits to underserved demographic groups, according to the finance ministry.

Detailed explanation-3: -Any Citizen of India can join APY scheme. The following are the eligibility criteria:- ( i) The age of the subscriber should be between 18 - 40 years. (ii) He / She should have a savings bank account/ post office savings bank account .

Detailed explanation-4: -At present, APY is open for all citizens of India between the age group of 18 and 40 years, with guaranteed minimum pension in the slab of Rs. 1,000 to Rs. 5,000 per month.

Detailed explanation-5: -The eligibility criteria in the Atal Pension Yojana Scheme (APY) which was launched on May 9, 2015 has been changed. According to the new criteria, any citizen who is or has been an income-tax payer, shall not be eligible to join APY after October 1, 2022.

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