The best part is that under
this government scheme, both husband and
wife together after the age of 60 can avail the
guaranteed benefit of pension of £18,500
every month. The best part is that after 10
years your entire investment will also be
returned. Only a few months are left for
senior citizens to invest in Pradhan Mantri
Vaya Vandana Yojana (PMVVY). SIC operates
this scheme.
In the PMVVY scheme, the government
provides a subsidized pension scheme for
senior citizens aged 60 years and above.
Under this scheme, immediate monthly,
quarterly, half-yearly or annual pension
facility is given to senior citizens. Investors
have to pay a lump sum of <15 lakh to take
advantage of this scheme.
Any person who has attained the age of 60
years can invest in this scheme till March 31,
2023. With only a few months left for the
PMVVY sale to end, let's take a look at how
much benefits, eligibility and how much
pension senior citizens can get by
subscribing to this scheme.
