Consider the following statements about PM Vaya Vandana Yojana 1 It is a scheme for c...........

Economic Affairs Pension and Insurance

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Consider the following statements about PM Vaya Vandana Yojana -

1. It is a scheme for children vulnerable to sexual harassment.

2. The investment limit for this scheme has recently been increased to Rs. 15 Lakhs.

Which of the above statement/s is/are correct?

1 only

2 only

Both are correct

None is correct

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Explanation:

PM Vaya Vandana Yojana: The Pradhan Mantri Vaya Vandana Yojana was launched on 4th May 2017. The scheme provides regular pension income to senior citizens (60 years or more). The budget 2018-19 proposed to open this scheme for investment till March 2020. Apart from extending the scheme’s investment duration, the investment limit is also increased to Rs15 lakh from 7.5 Lakh per person.