CURRENT AFFAIRS

Detailed explanation-1: -Age Limit fixed by the Central Government for Senior Citizens is 60 years for getting Government facilities, concessions, benefits like protection of lives and property of Senior Citizens, entry to old-age homes etc.

Detailed explanation-2: -The Tamil Nadu Government has created a draft policy for senior citizens. Under the policy, the government plans to work with academic institutions, field experts and civil society organizations. The policy has been created based on Article 41 of the constitution.

Detailed explanation-3: -Pradhan Mantri Vaya Vandana Yojana (PMVVY) The money invested in the scheme is called as the purchase price which has been increased to ₹15 Lakhs by the Indian Government. Individuals over 60 years of age can easily opt for this plan as the eligibility criteria only require the insured to be a senior citizen.

Detailed explanation-4: -The National Policy for Older Persons (NPOP) was formulated in 1999 in response to the increasing number of persons 60 years and above and their vulnerabilities arising out of income insecurity and concerns about health and other socio-economic and physical well being.