Regarding 'Atal Pension Yojana', which of the following statements is/are correct? 1. It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers. 2. Only one member of a family can join the scheme. 3. Same amount of pension is guaranteed for the spouse for life after subscriber's death. Select the correct answer using the code given below.

The Atal Pension Yojana (APY) provides subscribers a fixed monthly pension in the range of ₹1,000 to ₹5,000 after completing 60 years of age depending on the contributions made[1], making Statement 1 correct. The scheme was launched in May 2015 to address longevity risks among workers in the unorganized sector and to encourage them to voluntarily save for their old age/retirement[2], confirming it is mainly targeted at unorganized sector workers.

Statement 2 is incorrect. One can open only one Atal Pension Yojana account, with the scheme permitting a single account per individual, linked to Aadhaar and bank account[3]. This restriction is per individual, not per family—multiple family members can each have their own APY accounts.

Statement 3 is correct. If the subscriber dies while availing of the pension after the age of sixty years, the spouse will get the same amount of pension till she/he lives[4]. This guarantees the same pension amount for the spouse for life after the subscriber's death.

Therefore, statements 1 and 3 are correct, making option C the right answer.

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 8: Financial Market > 7.54 Indian Economy > p. 240
2. [2] https://www.publicationsdivision.nic.in/journals/Journalarchives/Yojana/Yojana-English/2017/July/Yojana_2017_July_pdf.pdf
3. [4] https://www.publicationsdivision.nic.in/journals/Journalarchives/Yojana/Yojana-English/2017/July/Yojana_2017_July_pdf.pdf