Which of the following statements about NPS Lite (Swavalamban Scheme) is CORRECT?

NPS Lite (Swavalamban) operates through Aggregators — organisations that act as intermediaries between PFRDA and groups of unorganised sector workers, facilitating registration, PRAN issuance, and contribution collection. This aggregator model distinguishes NPS Lite from regular NPS, which operates through Points of Presence (PoPs). Fresh enrolments under NPS Lite were discontinued after the launch of Atal Pension Yojana in 2015, except for Gramin Dak Sevaks of the Department of Post. NPS Lite is a defined contribution scheme — not a fixed benefit scheme. The minimum contribution is ₹100 at registration. At exit, at least 40% of the corpus must be annuitised, not 100%.