Business Standard
You are here » Home » Pradhan Mantri Vaya Vandana Yojana

WHAT IS PRADHAN MANTRI VAYA VANDANA YOJANA?


Pradhan Mantri Vaya Vandana Yojana (PMVVY) scheme provides social security cover to those aged 60 and above through an assured sum of pension every month. The scheme was launched in 2017 by the Government of India to provide an 8% pension to senior citizens against the lump sum amount deposited by an individual. The scheme is operated by the Life Insurance Corporation of India. It caters to the needs of post-retirement planning.
 
Read More..

LATEST NEWS ON PRADHAN MANTRI VAYA VANDANA YOJANA (PMVVY)