The Reverse Mortgage scheme is launched to give benefit to which of the following groups of the society?

Govt employees

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Senior citizens

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Unemployed youth

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War widows

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Solution

The correct option is B Senior citizens
A reverse mortgage, launched in 2007, is a financial product devised to help people above 60 to mortgage their property with a lender and convert part of the home equity into tax-free income without having to sell the house. The payment may come from a bank as a loan or from an insurer as annuity income.

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