Question

Which of the following statements is incorrect regarding India's pension sector reforms?

A The National Pension System (NPS) was introduced to provide retirement income to all Indian citizens.
B PFRDA (Pension Fund Regulatory and Development Authority) regulates the pension sector in India.
C Atal Pension Yojana (APY) is designed to provide pension benefits to individuals above the age of 60 with a minimum contribution period of 20 years.
D Employees’ Provident Fund (EPF) is regulated by SEBI.
E The pension sector reforms aim to enhance financial inclusion in retirement planning.
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