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Pradhan Mantri Vaya Vandana Yojana (PMVVY) News
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The scheme was launched on May 26, 2020.
Couples have the option to invest till March 31, 2023.
The scheme is operated by LIC.
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Modi asked them to ensure that senior citizens get maximum benefits under various welfare schemes, including a new pension scheme, 'Pradhan Mantri Vaya Vandana Yojana (PMVVY)', under which they will get 8 per interest on their deposits.
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"Banks have to lend at feasible rates, while senior citizens want secure, reasonable, unfluctuating return on their investment," Jaitley said here launching the pension scheme -- Pradhan Mantri Vaya Vandana Yojana (PMVVY).
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