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    Question

    Which Pension Funds manage the Atal Pension Yojana

    currently?   A. LIC Pension Fund   B. SBI Pension Fund   C. UTI Pension Fund   D. Kotak Pension Fund  
    A Only A Correct Answer Incorrect Answer
    B A and B Correct Answer Incorrect Answer
    C A and C Correct Answer Incorrect Answer
    D A, B and C Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    • The flagship social security scheme of Government of India ‘Atal Pension Yojana’ (APY) was launched on 9th May 2015. It is a voluntary, periodic contribution-based pension system.  
    • It is administered by PFRDA under the overall administrative and institutional architecture of NPS  
    The APY scheme is presently managed by 3 Pension Funds – SBI Pension Fund, LIC Pension Fund, UTI Pension Fund Limited.   The NPS Swavalamban scheme is managed by 4 Pension Funds - SBI Pension Fund, LIC Pension Fund, UTI Pension Fund Limited, Kotak Pension Fund  

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