Pradhan Mantri Vaya Vandana Yojana: Invest in PMVVY to get Rs 9250 monthly pension, here’s how

The scheme, which is handled by Life Corporation of India (LIC), aims to offer an assured minimum pension to senior citizens based on their purchase price or subscription amount. 

New Delhi: If you’re planning for your retirement and looking for a safe investment option, then you can consider putting your money in the Pradhan Mantri Vaya Vandana Yojana (PMVVY), a state-run scheme aimed at offering social security to Indian citizens in their old age.  Explained: Pradhan Mantri Vaya Vandana Yojana The scheme, which is handled by Life Corporation of India (LIC), aims to offer an assured minimum pension to senior citizens based on their purchase price or subscription amount. Investors can start receiving pensions as soon as they turn 60 under the Pradhan Mantri Vaya Vandana Yojana.