Q98. Pradhan Mantri Vaya Vandana Yojna is related to

(a) Reducing the cases of child marriage

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(b) Female infanticide

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(d) Protection of the rights of the transgenders

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Solution

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.

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Similar questions

Q51 Consider the following statements related to Pradhan Mantri Vyay Vandana Yojana:

1. It is a social security scheme for people aged above 59.

2. The scheme provides an assured return for lifetime to the beneficiary.

Select the correct answer using the codes given:

Pradhan Mantri Khanij Kshetra Kalyan Yojana deals with

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