[amp_mcq option1=”Pension for unorganized sector workers” option2=”Health insurance” option3=”Crop insurance” option4=”Microfinance” correct=”option1″]<\/p>\n
The Atal Pension Yojana (APY) is a government scheme focused on providing a pension to unorganized sector workers. It is a voluntary, contributory pension scheme for citizens of India in the age group of 18 to 40 years. The scheme is managed by the Pension Fund Regulatory and Development Authority (PFRDA).<\/p>\n
The APY offers a guaranteed pension of up to Rs. 5,000 per month at the age of 60 years. The pension amount is linked to the contributions made by the subscriber and the market performance of the fund. The minimum contribution required is Rs. 42 per month and the maximum contribution is Rs. 2100 per month.<\/p>\n
The APY is a good option for unorganized sector workers who want to secure their financial future. The scheme offers a guaranteed pension and the contributions are tax-deductible. The APY is also portable, which means that the subscriber can transfer the pension account from one fund house to another.<\/p>\n
The other options are not correct. Health insurance is a type of insurance that covers the cost of medical expenses. Crop insurance is a type of insurance that covers the cost of damage to crops due to natural disasters. Microfinance is a type of financial services that provides small loans to low-income individuals and businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Pension for unorganized sector workers” option2=”Health insurance” option3=”Crop insurance” option4=”Microfinance” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[985],"tags":[],"class_list":["post-73853","post","type-post","status-publish","format-standard","hentry","category-maharashtra-gk-mcq","no-featured-image-padding"],"yoast_head":"\n