Question

    Pradhan Mantri Vaya Vandana Yojana (PMVVY) is one of

    the major Schemes of Government of India to protect the interest of the Senior citizens. What is the Maximum Entry age limit for the Scheme?
    A 40 Correct Answer Incorrect Answer
    B 50 Correct Answer Incorrect Answer
    C 60 Correct Answer Incorrect Answer
    D 65 Correct Answer Incorrect Answer
    E No such limit 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. There is no maximum entry age limit for the Scheme.

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