New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Identify the Scheme. 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.
    A Atal Pension Yojana Correct Answer Incorrect Answer
    B PM Suraksha Bima Yojana Correct Answer Incorrect Answer
    C PM SACRED Scheme Correct Answer Incorrect Answer
    D Pradhan Mantri Vaya Vandana Yojana Correct Answer Incorrect Answer
    E PM Virasaat Yojana 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.

    Practice Next

    Relevant for Exams: