central government scheme

Pradhan Mantri Vaya Vandana Yojana

Common abbreviation: PMVVY

A pension scheme for senior citizens aged 60 years and above, administered by LIC of India. It provides a guaranteed pension for 10 years against a one-time lump sum purchase price. The purchase price is returned to the nominee on death of the pensioner.

Quick Facts

AuthorityMinistry of Finance

Category["Pension","Senior Citizen"]

Effective DateN/A

Last VerifiedN/A

Pradhan Mantri Vaya Vandana Yojana

People Also Ask (FAQs)

People also viewed

APY

PMSBY

PMJDY

SSY