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Which of the following is a pension sche...

Which of the following is a pension scheme introduced by the Government of India exclusively for senior citizens in May 2017?

A

1.PMGAY

B

2.PMVVY

C

3.PMMVY

D

4.PMGSY

Text Solution

Verified by Experts

The correct Answer is:
B
Explanation: Pradhan Mantri Vaya Vandana Yojana pension scheme meant for senior citizens is offered by the Life Insurance Corporation of India which gives a guaranteed payout of pension at a specified rate for 10 years. It also offers a death benefit in the form of return of purchase price to the nominee.
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