Which of the following statements is/are correct regarding changes to Atal Pension Yojana Scheme (APY) done in 2022?

A. According to the new criteria, any citizen who is or has been an income-tax payer, shall not be eligible to join APY after 1 October 2022.

B. Subscribers would receive the guaranteed minimum monthly pension of ₹1,000 or ₹2,000 or ₹3,000 or ₹4,000 or ₹5,000 at the age of 80 years.

C. As per the new rules, subscribers can make contributions to APY on a monthly basis only.

1. B and C only
2. A, B and C
3. A and C only
4. A only

Question

Which of the following statements is/are correct regarding changes to Atal Pension Yojana Scheme (APY) done in 2022?

A. According to the new criteria, any citizen who is or has been an income-tax payer, shall not be eligible to join APY after 1 October 2022.

B. Subscribers would receive the guaranteed minimum monthly pension of ₹1,000 or ₹2,000 or ₹3,000 or ₹4,000 or ₹5,000 at the age of 80 years.

C. As per the new rules, subscribers can make contributions to APY on a monthly basis only.

1. B and C only
2. A, B and C
3. A and C only
4. A only

Accepted Answer

**Solution:**

1. Statement A is **correct**. The new criteria introduced in 2022 specify that any citizen who is or has been an income-tax payer shall not be eligible to join APY after 1 October 2022.

2. Statement B is **incorrect** because the guaranteed minimum monthly pension under APY is payable at the age of **60 years**, not 80 years.

3. Statement C is **incorrect** because subscribers can contribute to APY on a **monthly, quarterly, or half-yearly basis**, not only monthly.

**Answer:** 4. A only

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