2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Kerala
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Goa
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Tamil Nadu
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Gujarat
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Detailed explanation-1: -Pradhan Mantri Vaya Vandana Yojana (PMVVY) is the new pension scheme for senior citizens in India. This scheme was introduced on 4th May 2017 and extended till 31st March 2023 for the older population above 60 years of age. This scheme is exempted from the GST tax of the Income Tax Department.
Detailed explanation-2: -Benefits of Indira Gandhi National Old Age Pension Scheme This pension scheme for senior citizens provides them with a monthly pension to help take care of their old age expenses. It is a non-contribution government pension plan, which means that the beneficiary must not contribute any amount to get the pension.
Detailed explanation-3: -The government of India offers the Senior Citizens’ Savings Scheme (SCSS) that assists senior citizens in saving for retirement and receiving quarterly interest payments. SCSS offers an interest rate of 7.4% for the quarter ending 31 March 2022. You can open an SCSS account with a minimum deposit of Rs.1, 000.