| Consider the following statements about Swavalamban Yojana. |
| 1. NFS Swavalamban Model is designed to ensure ultra-low administrative and transactional costs, so as to make small investments viable. |
| 2. It is open to eligible citizens of India, in the age group of 40-60 years. |
| 3. Subscriber is free to choose the amount he/she wants to invest every year. |
| 4. It is regulated by Pension Fund Regulatory and Development Authorities (PFRDA). |
| Which of the statements given above are correct? |
A) 1, 2 and 4
B) 1, 3 and 4
C) 2 and 3
D) All of these
Correct Answer: B
Solution :
[b] The scheme is open to eligible citizens of India, in the age group of 18-60 years. Subscriber is free to choose the amount he/she wants to invest every year. Eligible individuals in the unorganised sector can open an account through their aggregator and get an individual subscriber (NPS Swavalamban) Account. It is regulated by Pension Fund Regulatory and Development Authorities (PFRDA), with transparent investment norms, regular monitoring and performance review of fund managers by NPS Trust. Ultra-low cost structure with no minimum amount required per annum or per contribution.
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