If you want an income of 10 thousand rupees per month, take advantage of this scheme of Modi government, know what to do

If you want an income of 10 thousand rupees per month, take advantage of this scheme of Modi government, know what to do

A few days ago, the Union Cabinet approved a proposal to extend the term of Pradhan Mantri Vay Vandana Yojana (PMVVY) for 3 years. Earlier, the term of the scheme ended on March 31, 2020, but now with the approval, the term of Pradhan Mantri Vay Vandana Yojana has been extended till March 31, 2023. Pradhan Mantri Vay Vandana Yojana has been implemented for senior citizens. Under which the option of monthly pension is available. Under this scheme, senior citizens get pension at fixed rate for 10 years. Let us know.
This is the best scheme of the Modi government in times of crisis in Corona
If you want an income of 10 thousand rupees per month, take advantage of this scheme
The government joined hands with LIC for this scheme
Under this scheme, a lump sum amount has to be deposited once. This amount can be a minimum of Rs 1.50 lakh and a maximum of Rs 15 lakh. The pensioner will have the right to take the amount of interest or as a pension or lumpsum.

Who can take advantage of this scheme

PMVVY is for citizens over 60 years of age. Under this scheme pension is given with guarantee of 8% annual return for 10 years. According to the investment limit, senior citizens can get a maximum of Rs 10,000 and a minimum of Rs 1,000 per month

Guarantee of return

In fact the amount of interest is received in the form of a pension. For example, if Rs 15 lakh is deposited, it will earn Rs 1 lakh 20 thousand per annum at the rate of eight per cent. This amount of interest should be given as pension of 10-10 thousand rupees per month, 30-30 thousand rupees every three months, 30-30 thousand rupees every three months, 60-60 thousand rupees twice a year or 1 lakh 20 thousand rupees once a year. Is.

The only difference is that the government reviews the interest rate on other deposits every three months, while the interest rate on PMVVY is fixed at eight per cent. Keep in mind that if you choose to retire on a quarterly, 6-month or annual basis, you will have to deposit less than Rs 15 lakh.

These are the conditions

Must have completed at least 60 years of age.
There is no maximum age limit after 60 years.
Policy Term - 10 years.
Minimum Pension - Rs.1000 per month, Rs.3000 per month, Rs.6000 per month, Rs.12,000 per month
Maximum pension Rs 10,000 per month, Rs 30,000 per month, Rs 60,000 per month, Rs 1 lakh 20 thousand per year
Apply this way

You have to fill up a form to avail this scheme of Central Government. Required documents must be submitted with this form. Senior citizens can also invest in the scheme online.
A family does not get more than 10,000 pensions



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According to the website of LIC, the administrator of the scheme, the maximum limit of pension applies not to a pensioner but to his family. This means that no matter how many people from a family take a pension plan under the Pradhan Mantri Vay Vandana Yojana, the total amount of pension received by all of them will not exceed Rs 10,000. The pensioner's family includes the spouse and their dependents in addition to the pensioner



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