PMVVY- Pradhan Mantri Vaya Vandana Yojana | पधानमंत्री वय वंदना योजना- Eligibility, Registration

The Pradhan Mantri Vaya Vandana Yojana is the central government plan, launched with the aim to provide the alternate avenues of income to senior citizens through regular pension. The person having an age of 60 years or above can get the benefit of this scheme. Eligible one can purchase the said scheme either by online mode or offline mode. The पधानमंत्री वय वंदना योजना offered the confirmed return of 8% percent p.a. annum payable monthly for 10 years. Those who want to avail the benefit of PMVVY scheme can check the eligibility conditions and other important information of the same from this article. The registration process has also been provided below.

प्रधानमंत्री वय वंदना योजना केंद्र सरकार की योजना है, जिसका उद्देश्य नियमित पेंशन के माध्यम से वरिष्ठ नागरिकों को आय के वैकल्पिक मार्ग प्रदान करने के उद्देश्य से शुरू की गई है। 60 वर्ष या उससे अधिक आयु का व्यक्ति इस योजना का लाभ प्राप्त कर सकता है। पात्र व्यक्ति उक्त योजना को ऑनलाइन मोड या ऑफलाइन मोड से खरीद सकता है। पंडित मंत्री वंदना योजना ने 8% प्रतिशत की वापसी की पुष्टि की। वार्षिक देय 10 वर्ष के लिए। जो लोग पीएमवीवीवाई योजना का लाभ उठाना चाहते हैं, वे इस लेख से और उसी की जांच कर सकते हैं। पंजीकरण प्रक्रिया भी नीचे दी गई है।

PMJJBY Scheme

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Pradhan Mantri Vaya Vandana Yojana (PMVVY) Details

Pradhan Mantri Awaas Yojana Gramin

पधानमंत्री वय वंदना योजना- Features

  • The scheme will be available for the period of 10 years.
  • If the pensioner survives till the end of the scheme then he/she will get the purchase price plus final pension instalment.
  • The pensioner can also take the loans against the scheme after the period of 03 years. Up to 75% loan will be provided.
  • The scheme holder has the option to surrender the scheme 15 days if he/she is not satisfied with the terms of the policy.
  • In case of the death of the scheme holder the scheme amount will be paid to the beneficiary.
  • Pensioner can earn the maximum pension of Rs.10,000 (month), Rs.30,000(quarter), Rs.60,000(half-yearly), and Rs.1,20,000(yearly).

Pradhan Mantri Ujjwala Yojana

Pradhan Mantri Vaya Vandana Yojana- Eligibility Conditions

  • The person having age of 60 years or above can apply, there is no restrictions on maximum limit.
  • The period of the plan will be of 10 years.
  • Individuals must be a citizen of India.

PM Fasal Bima Yojana

PMVVY- Benefits

  • The beneficiary will get with 8.00% returns p.a. payable monthly for 10 years
  • Major taxes (GST\service Tax) will be exempted under the scheme.
  • The pension will be paid during the period of 10 years of the scheme. The pensioner has the option to select the payment mode that is monthly/quarterly/half-yearly/yearly as per his/her choice.
  • The beneficiary can also take the loan up to 75% of the total Principal amount. It may be noted that the loan will only provide after completion of 03 years of scheme.
  • In the scheme, ninety eight percent of Purchase price will be refunded for the treatment in circumstance of medical emergencies/critical illness etc. of self/spouse.
  • If the pensioner dies then the purchase price will be paid to the nominee.

PM Jan Dhan Yojana

Documents Required To Apply For Pradhan Mantri Vaya Vandana Yojana (PMVVY)
  • Valid Aadhaar Card
  • Age Proof
  • Residence Proof
  • Passport size photograph
  • Relevant Document/Declaration to show the retired status of the applicant

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Pradhan Mantri Vaya Vandana Yojana- Application Process
  1. Offline Process
  2. Online Process

Let’s discuss it in detail

  1. Offline Process
  • Visit to the nearest branch of the Life Insurance Corporation Of India
  • Fill PMVVY application form for the scheme.
  • Now you have to attach the required documents.
  • Finally fulfils the terms and conditions and submit the filled application forp weith al the supporting documents.
  • Online Process
  • Visit to the official portal of the Life Insurance Corporation of India
  • Now press the “Products” available there.
  • After that you have to search for the “Pension Plans”.
  • Now select the Pradhan Mantri Vaya Vandana scheme plan.
  • Read all the terms and conditions carefully.
  • Press the “Buy Policy” link and fill the complete application form.
  • Finally, you have to upload the required documents and submit the application form.

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Pradhan Mantri Vaya Vandana Yojana- Pension Policy

Mode of PensionMinimum PensionMinimum InvestmentMaximum PensionMaximum Investment
Yearly12,0001,44,5781,20,00014,45,784
Half-Yearly6,0001,47,60160,00014,76,014
Quarterly3,0001,49,06830,00014,90,684
Monthly1,0001,50,00010,00015,00,000

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