Launch of APS in 2000

The correct option is (a) APS. In the year 2000, the Atal Pension Yojana (formerly known as Swavalamban Yojana) was launched by the Government of India. It is a social security scheme aimed at providing a pension to the unorganized sector workers.

Details of APS

Here are some details about the Atal Pension Yojana (APS):

- APS is a defined benefit pension scheme that provides a fixed pension to the subscribers.
- It is available to people aged between 18 and 40 years who have a savings bank account and do not have a formal pension system.
- The pension amount ranges from Rs. 1,000 to Rs. 5,000 per month, depending on the contribution amount and the age at which the subscriber joins the scheme.
- The subscribers have to contribute to the scheme until the age of 60 years, and the pension is payable after that age.
- The contribution amount depends on the age at which the subscriber joins the scheme and the pension amount chosen by them.

Conclusion

In conclusion, the Atal Pension Yojana (APS) was launched in the year 2000 by the Government of India. It is a social security scheme aimed at providing a pension to the unorganized sector workers. The scheme is available to people aged between 18 and 40 years who have a savings bank account and do not have a formal pension system. The subscribers have to contribute to the scheme until the age of 60 years, and the pension is payable after that age.