Atal Pension Yojana: Replacement of Swavalamban Scheme - Budget & Economic Survey

Q.  The Swavalamban Scheme is being replaced by
- Published on 06 Aug 15

a. Atal Pension Yojana
b. Pradhan Mantri Jeevan Jyoti Bima Yojana
c. Pradhan Mantri Suraksha Bima Yojna
d. Pradhan Mantri Mudra Yojana

ANSWER: Atal Pension Yojana
 
Atal Pension Yojana (APY) will replace the Swavalamban Yojana NPS Lite. The scheme will be launched on June 1 and focus on the unorganised sector. Existing subscribers of Swavalamban Scheme would be automatically migrated to Atal Pension Yojana, unless they opt out.

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