Module: General Practice
Q36: Effective from October 1, 2022, a significant eligibility amendment was made to the Atal Pension Yojana (APY). Who among the following is specifically excluded from joining the scheme after this date?
✅ Correct Answer: C
🎯 Quick Answer:
Income Tax Payers are excluded.Structural Breakdown: 1. The Rule: Any citizen who is or has been an income tax payer (as per the Income Tax Act, 1961) is not eligible to join APY from October 1, 2022.
2. Consequence: If an income tax payer joins APY on or after this date, the account will be closed, and the accumulated pension wealth will be returned to the subscriber.
3. Rationale: The scheme is intended for the poor and underprivileged sections of society, not for those who are already economically well-off.