Pradhan Mantri Vaya Vandana Yojana PMVVY Senior citizens pension Scheme available from 4th May, 2017 to 3rd May, 2018. Benefits of the Scheme.
Press Information Bureau
Government of India
Ministry of Finance
20-July-2017 16:08 IST
The Union Minister for Finance, Defence and Corporate Affairs will formally launch the Pradhan Mantri Vaya Vandana Yojana (PMVVY) tomorrow in the national capital. PMVVY is a Pension Scheme announced by the Government of India exclusivelyfor the senior citizens aged 60 years and above which is available from 4thMay, 2017 to 3rd May, 2018. The Scheme can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this Scheme.
Mode of Pension | Minimum Purchase Price | Maximum
Purchase Price |
Minimum Pension amount |
Maximum Pension amount |
Yearly | Rs. 1,44,578/- | Rs. 7,22,892/- | Rs. 12,000/- | Rs. 60,000/- |
Half-yearly | Rs. 1,47,601/- | Rs. 7,38,007/- | Rs. 6,000/- | Rs. 30,000/- |
Quarterly | Rs. 1,49,068/- | Rs. 7,45,342/- | Rs. 3,000/- | Rs. 15,000/- |
Monthly | Rs. 1,50,000/- | Rs. 7,50,000/- | Rs. 1,000/- | Rs. 5,000/- |
*****
DSM/SBS/KA
Appeal against inadequacy of sentence passed by special court in income tax prosecution cases dismissed by High Court In a…
ICSI launches CS Mitr Scheme to give incentive for getting student registered in Executive Programme ICSI has launched CS Mitr…
CPC order u/s 143(1) is appealable and hence the doctrine of merger with order u/s 143(3) do not arise -…
Under GST Act, there is no specific provision which bounds selling dealer to disclose route to be taken during transportation…
Restrictions on use of words Nidhi Limited unless declared as such under section 406(1). Nidhi (Amendment) Rules 2024 MINISTRY OF…
MCA prescribes period and fee for updating of Directors personal mobile number or email address by e-form DIR-3 KYC MINISTRY…