New Delhi: The central government often introduces new schemes for the benefit of the citizens of the country. You must have heard about the Pradhan Mantri Vaya Vandana Yojana (PMVVY) scheme. In this scheme, married people get a monthly pension of Rs 18,005. You have to do some work to become a member of this social security pension plan.
This scheme provides a guaranteed monthly pension. The central government launched this scheme on May 26, 2020. The couple can invest till 31 March 2023 to take advantage of this scheme. If the spouses want, they can take advantage of it up to the age of 60 years.
This scheme is a social security scheme, in which the beneficiary will get a monthly pension. Although the central government introduced the scheme, it is being run by the Life Insurance Corporation of India (LIC). A spouse who has crossed the age of 60 can invest a maximum of Rs 15 lakh in the fund. Earlier this limit was 7.5 lakhs, later it was increased. Senior citizens get more interest in this than other schemes.
If both husband and wife want to take advantage of this scheme then both of them can invest 15 lakhs. That means a total of 30 lakhs will be invested. 7.40 percent annual interest will be earned and the annual interest will be Rs. 2,22,000. If it is divided into 12 months, it will be Rs. 18.500 per month. If you invest Rs 15 lakh, the annual interest will be Rs 1,11,000 and it will be Rs 9,250 per month.