Pradhan Mantri Vaya Vandana Yojana (PMVVY) 2018 Investment Limit for Senior Citizens Doubled :- The beginning of the ‘Age Vandana Yojana’ for the elderly: – The central government has made a big announcement for the elderly. The limit of the amount of money invested in the Prime Minister Age Vandana Scheme (PMVVY) introduced for senior citizens in this Allan has been doubled. Also, the duration of this scheme has also been increased.
CCEA has been paid 7.5 lakh to 15 lakh rupees of the investment limit for senior citizens under the Prime Minister Vaya Vandan Yojana (PMVVY). The meeting of economic affairs headed by Prime Minister Narendra Modi was held on 2 May 2018. The expiration of this plan was May 4, 2017 to May 3, 2018. Now it has been increased to March 31, 2020.
This scheme will give 10,000 pensions to senior citizens in the form of pension. This is a big step for the central government. PMVVY is for citizens 60 years and above. Under this scheme, pension is available for ten years with a guaranteed return of 8% per annum. There is an option to take the pension monthly, quarter, half yearly or annually. The government will also provide service tax and GST relaxation in this scheme.
PMVVY 2018 Investment Limit for Senior Citizens Doubled
* To promote social security for senior citizens, the Central Government has expanded the Pradhan Mantri Vaya Vandana Yojana.
* Under this scheme, as per Social Security cover, senior citizens will be given Rs. 10,000 / – per month on the basis of monthly pension.
* By March 2018, a total of 2.23 lakh beneficiaries were benefited under PMVVY 2018.
* In 2014 senior pension insurance scheme, a total of 3.11 lakh senior citizens got the benefit.
Pradhan Mantri Vaya Vandana Yojana (PMVVY) 2018, Apply Online,Online Registration,Online Form, Online Application form