Prime Minister Vaya Vandana Yojana completes 5 years

  • Prime Minister Vaya Vandana Yojana completes five years on 21st July.
  • The scheme was formally launched on this day in 2017.
  • The scheme is a social security scheme for senior citizens which aims at giving them an assured minimum pension on the basis of assured return on purchase price or subscription amount.
  • In this scheme, the minimum investment has been made 156658 rupees for the pension of 12000 per year and 162162 rupees to get the minimum pension amount of 1000 per month.
  • The scheme which was being implemented till 2020 has been extended for a further 3 years till 31st March, 2023.

Qns : When was Launched Prime Minister Vaya Vandana Yojana?

Ans : Prime Minister Vaya Vandana Yojana completes five years on 21st July 2022. The scheme was formally launched on this day in 2017.

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