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What is the main goal of the Atal Pension Yojana (APY)?

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Question: What is the main goal of the Atal Pension Yojana (APY)?

Options:

  1. To provide health insurance to the elderly
  2. To ensure a fixed pension for workers in the unorganized sector
  3. To promote digital payments
  4. To enhance skill development

Correct Answer: To ensure a fixed pension for workers in the unorganized sector

Solution: 

The Atal Pension Yojana (APY) aims to provide a fixed pension to workers in the unorganized sector, ensuring financial security in old age.

What is the main goal of the Atal Pension Yojana (APY)?

Practice Questions

Q1
What is the main goal of the Atal Pension Yojana (APY)?
  1. To provide health insurance to the elderly
  2. To ensure a fixed pension for workers in the unorganized sector
  3. To promote digital payments
  4. To enhance skill development

Questions & Step-by-Step Solutions

What is the main goal of the Atal Pension Yojana (APY)?
  • Step 1: Understand that the Atal Pension Yojana (APY) is a government scheme.
  • Step 2: Know that it is designed for workers who do not have regular jobs, often called the unorganized sector.
  • Step 3: Recognize that the main goal of APY is to provide a fixed amount of money (pension) to these workers when they retire.
  • Step 4: Realize that this pension helps ensure that they have financial security and can support themselves in old age.
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