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  9. Q90

KPSC KAS 2017 · Question 90 of 200

The Union Finance Minister Arun Jaitley has recently launched a new pension scheme for senior citizens in New Delhi in July 2017. It can be purchased offline as well as online, through LIC and is exempted from Service Tax or GST and will provide an assured return of 8% per annum payable monthly for 10 years. What is the name of the scheme ?

Government Schemes

  1. APradhan Mantri Vaya Vandana Yojana (PMVVY)Correct
  2. BPradhan Mantri Vaya Vikas Yojana (PMVVY)
  3. CPradhan Mantri Vriddha Vishesh Yojana (PMVVY)
  4. DPradhan Mantri Vaya Varun Yojana (PMVVY)

Answer: A. Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Explanation

The pension scheme launched by Arun Jaitley in July 2017 through LIC, with 8% assured annual return payable monthly for 10 years, is the Pradhan Mantri Vaya Vandana Yojana (PMVVY).

Source: KPSC Gazetted Probationers Prelims 2017, Paper-I (General Studies, subject code 261), Series A

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