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Consider the following statements with respect to Atal Pension Yojana: 1. It mainly focuses on providing old-age security to unorganised workers who are not covered under any social security scheme. 2. Contributions to the Atal Pension Yojana (APY) are eligible for tax benefits similar to the National Pension System (NPS). 3. Any individual aged between 18 years and 40 years and having a bank account is eligible for the scheme. Select the correct answer using the codes below.

1. 1 and 3 only
2. 2 and 3 only
3. 1 and 2 only
4. All of the above

Correct answer: All of the above

Solution

Atal Pension Yojana is designed to provide old-age income security to unorganised workers. It is open to bank-account holders aged 18 to 40 years, and contributions are eligible for tax benefits similar to NPS under applicable provisions.

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