The government will provide a pension of Rs 9,250 per month to the elderly | સરકાર આપશે વૃદ્ધોને દર મહિને 9,250 રૂપિયા પેન્શન ~ 247businessnews.org

The government will provide a pension of Rs 9,250 per month to the elderly | સરકાર આપશે વૃદ્ધોને દર મહિને 9,250 રૂપિયા પેન્શન

The government keeps coming up with various schemes to secure the future of the citizens and for their better future. One such pension scheme is Pradhan Mantri Vay Vandana Yojana. By investing in this scheme, people can avail pension benefits after the age of 60 years. The scheme was launched by the Centre's Modi government in the year 2017.

The government's intention in launching this scheme is to enable the senior citizens of the country to avail the benefits of the pension scheme. Through this scheme, the citizens of the country above 60 years of age can choose a monthly pension scheme for themselves. By investing money in this scheme, senior citizens get 8% interest (interest rate on PM Vandana scheme) in 10 years. If citizens choose an annual plan, they get interest at 8.3 percent.

The Pradhan Mantri Vay Vandana Yojana has been launched to make the elderly financially self-sufficient at a crucial stage of their lives. Which lasted until March 31, 2020. But now it has been extended till March 2023. The minimum age to join the scheme is 60 years. That is, citizens 60 years of age or older can invest in it. Under which the maximum age limit has not been fixed.

Annual Pension(વાર્ષિક પેન્શન)

You will have to invest up to Rs 1,62,162 to get a pension of Rs 1,000 per month from Pradhan Mantri Vay Vandana Yojana. According to the information received, the maximum monthly pension under this scheme has been fixed at Rs 9,250, quarterly pension at Rs 27,750, pension at Rs 55,500 in 6 months and annual pension at Rs 1,11,000. The term of this scheme is up to 10 years.

Things to know about Pradhan Mantri Vay Vandana Yojana: Things To Know About The Scheme

You will not get any tax rebate by investing in this scheme.

You must be at least 60 years of age to invest in this plan.

You can only invest in this plan until March 31, 2023.

Depending on the investment in this scheme, Rs.1000 to Rs.9,250 is invested per month in senior citizen schemes.

It has been decided to keep this plant out of GST.

Required Documents Required Documents (જરૂરી દસ્તાવેજો)

Only senior citizens of the country will be able to avail the benefits of this scheme. For this, it is very important that you have the following documents.