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Q98. Pradhan Mantri Vaya Vandana Yojna is related to
Q98. Pradhan Mantri Vaya Vandana Yojna is related to
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The correct option is C (c) Senior citizens
Government has launched the ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY)’ to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. The scheme enables old age income security for senior citizens through provision of assured pension/return linked to the subscription amount based on government guarantee to Life Insurance Corporation of India (LIC)
The scheme provides an assured return of 8% per annum for 10 years.
(c) Senior citizens
Government has launched the ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY)’ to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. The scheme enables old age income security for senior citizens through provision of assured pension/return linked to the subscription amount based on government guarantee to Life Insurance Corporation of India (LIC)
The scheme provides an assured return of 8% per annum for 10 years.
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