Diabytes
Pradhan Mantri Vaya Vandana Yojana 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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Pradhan Mantri Vaya Vandana Yojana is a social security scheme.
It has been brought by the Government of India on May 26, 2020.
The scheme is being operated by the LIC.
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In June 2020, the Cabinet announced extension of Pradhan Mantri Vaya Vandana Yojana up to 31st March, 2023 for further period of three years beyond 31st March, 2020.
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The scheme promises an assured rate of return of 7.40% p.a. payable monthly.
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PMVVY is a social security scheme for senior citizens intended to give an assured minimum pension to them based on an assured return on the purchase price / subscription amount.
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The PMVVY is being implemented through Life Insurance Corporation of India.
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