Question

    Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched

    in ________ with an aim to protect elderly persons aged 60 years and above against a future fall in their interest income due to the uncertain market conditions.
    A 2019 Correct Answer Incorrect Answer
    B 2020 Correct Answer Incorrect Answer
    C 2018 Correct Answer Incorrect Answer
    D 2021 Correct Answer Incorrect Answer
    E 2017 Correct Answer Incorrect Answer

    Solution

    The ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY) has been launched by the Government to protect elderly persons aged 60 years and above against a future fall in their interest income due to uncertain market conditions, as also to provide social security during old age. The scheme is implemented through the Life Insurance Corporation of India (LIC) and open for subscription up to 31st March, 2023. It was launched in 2017 with an aim to protect elderly persons aged 60 years and above against a future fall in their interest income due to the uncertain market conditions.  

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