In order to provide pensions to workers of the unorganized sector, whi

In order to provide pensions to workers of the unorganized sector, which one among the following schemes has been launched by the Government?

[amp_mcq option1=”Swabhiman” option2=”Swavalamban” option3=”Swadhar” option4=”Aadhaar” correct=”option2″]

This question was previously asked in
UPSC CAPF – 2013
The correct option is B.
– ‘Swavalamban’ was a pension scheme launched by the Government of India in September 2010, specifically aimed at workers in the unorganized sector.
– It was a co-contributory scheme under the NPS-Lite (National Pension System-Lite) framework, where the government would contribute Rs. 1,000 per year to each eligible NPS account where the subscriber contributed between Rs. 1,000 and Rs. 12,000 per year.
– Swabhiman was a financial inclusion scheme.
– Swadhar was a scheme for providing relief and rehabilitation to women in difficult circumstances.
– Aadhaar is the unique identification number project.
– Swavalamban was later replaced by the Atal Pension Yojana (APY) launched in 2015, which also targets the unorganized sector with a guaranteed pension benefit.
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