New Delhi, Senior Citizen Pension Scheme: The government has taken many decisions keeping in mind the old people of the country. The basic reason behind taking these decisions was to create some ease in the old age of older people.
For this reason, the government made many schemes such as Atal Pension Yojana. The government has once again come up with such a scheme. The name of this scheme is Pradhan Mantri Vaya Vandana Yojana, under this scheme people above the age of 60 years can get 1 lakh 11 thousand rupees. Let’s know how…
The objective of the launch of Pradhan Mantri Vaya Vandana Yojana was basically to make every elderly person completely self-sufficient in the most difficult phase of life i.e. old age. With this scheme, the thought of the government was that in old age, no old person should be attached to anyone for money.
You must be at least 60 years of age to join this scheme. You can invest in this scheme only if you are 60 years of age or above. There is no stipulated time to invest in this scheme and you can invest up to Rs.15 lakhs in this scheme. The government has entrusted the responsibility of operation of this scheme and the entire process to Life Insurance Corporation ie LIC.
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