copenlu/druid huggingface dataset:
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2024-01-01): The Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a government pension scheme specifically designed to provide financial security and a fixed income stream for senior citizens aged 60 years and above. Administered by the Life Insurance Corporation of India (LIC) on behalf of the government, this scheme offers a guaranteed interest rate of 7.40% per annum for a period of 10 years. [...] The Pradhan Mantri Vaya Vandana Yojana (PMVVY) provides an attractive investment option for senior citizens with its maximum investment limit and competitive interest rate. Under this scheme, individuals can invest a maximum amount of INR 15 lakh, allowing them to secure their financial future. [...] With the maximum investment limit of INR 15 lakh and an interest rate of 7.40% per annum, the Pradhan Mantri Vaya Vandana Yojana offers a compelling opportunity for senior citizens to secure their financial future and enjoy a comfortable retirement.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2024-03-23): How Can Seniors Benefit From Pradhan Mantri Vaya Vandana Yojana? Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme providing senior citizens with monthly pensions for up to 10 years. Learn more about its features and benefits. [...] The Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a government-supported pension policy for senior citizens. This PMVVY plan is provided by the Life Insurance Corporation (LIC) of India for post-retirement financial planning. The plan offers 7.40 per cent annual interest on investments under the policy and is available to those over 60. The plan provides a monthly pension for a maximum of 10 years, allowing senior citizens to live a peaceful retirement life.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2023-03-05): The investment limit in the Senior Citizens Savings Scheme has increased from ₹15 lakhs to ₹30 lakhs in this year's budget, which was a boon to senior citizens. Senior citizens can also invest ₹15 lakhs in the Pradhan Mantri Vaya Vandana Yojana (PMVVY), but only until March 31, 2023, after which it will be phased out. By investing the highest amount permitted, senior citizens can benefit the most from these programmes. With the current SCSS interest rate of 8% annually, they can invest Rs. 15 lakhs and receive a yearly interest income of Rs. 1.2 lakh for a period of five years. Similarly to that, the current PMVVY pension rate is 7.4% annually, which equals Rs. 1.11 lakh in income. Since that PMVVY has a 10-year term, the investor is guaranteed to get Rs. 1.11 lakh annually for 10 years. Under these programmes, senior citizens will be able to earn a total of ₹2.31 lakhs each year.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2023-09-20): The Pradhan Mantri Vaya Vandana Yojana is a pension scheme for senior citizens in India, which is primarily aimed at providing financial security to individuals aged 60 and above. The scheme is administered by the Life Insurance Corporation of India and was introduced by the Government of India. It offers a guaranteed regular pension income to senior citizens for a specified period, which can be either 10 years or 15 years, depending on the choice of the policyholder. The PM Vaya Vandana Yojana aims to provide financial security to senior citizens in India by offering them a guaranteed and regular pension income. It encourages savings and financial independence among the elderly population by providing predictability and stable returns. This scheme not only supports the ageing demographic but also fosters financial inclusion, especially in rural areas. PMVVY offers tax benefits on premiums, reducing the tax burden on policyholders. Overall, it helps seniors lead dignified lives during retirement, alleviating their financial concerns and promoting their overall well-being. [...] Financial Security: PMVVY offers peace of mind and financial security to senior citizens, allowing them to lead a dignified life during their retirement years without depending solely on their family or social security benefits.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2020-05-22): News:Government of India has extended Pradhan Mantri Vaya Vandana Yojana (PMVVY) pension scheme meant for senior citizens till March 31, 2023. [...] - Aim:To provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. [...] - Maximum entry age: No limit - Investment limit: One can invest a maximum amount of Rs.15 lakh.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2022-04-21): Pradhan Mantri Vaya Vandana Yojana is an insurance policy-cum-pension scheme that provides alternative avenues of income to senior citizens of the country. Backed by the Indian government, this pension plan is provided by Life Insurance Corporation (LIC), which caters to one’s need for post-retirement financial planning. [...] PMVVY gives a guaranteed pension payout at a specified rate for 10 years. This scheme will provide an assured return of 7.4% per annum, which will be payable monthly for the entire duration of 10 years. [...] Pradhan Mantri Vaya Vandana Yojana Interest Rate - The scheme will initially provide an assured rate of return of 7.40 % per annum for the year 2023-24 and thereafter to be reset every year.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2020-07-13): However, the PM Vaya Vandana Yojana was recently extended for another three financial years i.e. until March 2023. In order to ensure social security and financial independence after retirement, the scheme offers an assured rate of return on your investment. [...] The maximum purchase price or investment in PMVVY pension scheme has been restricted to ₹15 lakh per senior citizen. [...] So, here were some important details about the PM Vaya Vandana Yojana. Designed to benefit senior citizens after retirement, the PMVVY pension scheme offers guaranteed returns on investment at fixed interest rates.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2019-12-11): Ministry of Finance has launched a scheme namely ‘Pradhan Mantri Vaya Vandana Yojana’ (PMVVY) to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. The Scheme enables old age income security for senior citizens through provision of assured pension/ return linked to the subscription amount based on Government guarantee to Life Insurance Corporation of India (LIC). PMVVY is open for subscription upto 31st March 2023 and offers an assured rate of return of 7.40% per annum for the year 2020-21 for policy duration of 10 years. In subsequent years, while the Scheme is in operation full month 2023, there will be annual reset of assured rate of return with effect from April 1st of the financial year in line with applicable rate of return of Senior Citizens Saving Scheme (SCSS) upto a ceiling of 7.75% with fresh appraisal of the scheme on breach of this threshold at any point.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2016-02-26): Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above which was available from 4th May, 2017 to 31st March, 2020. The scheme is now extended up to 31st March, 2023 for a further period of three years beyond 31st March, 2020. Following are the major benefits under the Pradhan Mantri Vaya Vandana Yojana (PMVVY): [...] The scheme allows premature exit during the policy term under exceptional circumstances like the Pensioner requiring money for the treatment of any critical/terminal illness of self or spouse. The Surrender Value payable in such cases shall be 98% of Purchase Price.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2018-03-31): Government has launched the ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY)’ to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. The scheme enables old age income security for senior citizens through provision of assured pension/return linked to the subscription amount based on government guarantee to Life Insurance Corporation of India (LIC). The scheme provides an assured return of 8% per annum for 10 years. The differential return, i.e. the difference between return generated by LIC and the assured return of 8% per annum would be borne by Government of India as subsidy on an annual basis. Pension is payable at the end of each period during the policy tenure of 10 years as per the frequency of monthly/quarterly/ half-yearly/yearly as chosen by the subscriber at the time of purchase. Minimum purchase price under the scheme is Rs.1,50,000/- for a minimum pension of Rs. 1,000/- per month and the maximum purchase price is Rs.7,50,000/- for a maximum pension of Rs.5,000/- per month. The scheme is exempted from Goods and Services Tax (GST). The scheme is open for subscription till 3rd May 2018.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2017-12-22): Pradhan Mantri Vaya Vandana Yojana (PMVVY) [...] Government has launched the ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY)’ to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. The scheme enables old age income security for senior citizens through provision of assured pension/return linked to the subscription amount based on government guarantee to Life Insurance Corporation of India (LIC). The scheme provides an assured return of 8% per annum for 10 years. The differential return, i.e. the difference between return generated by LIC and the assured return of 8% per annum would be borne by Government of India as subsidy on an annual basis. Pension is payable at the end of each period during the policy tenure of 10 years as per the frequency of monthly/quarterly/ half-yearly/yearly as chosen by the subscriber at the time of purchase. Minimum purchase price under the scheme is Rs.1,50,000/- for a minimum pension of Rs. 1,000/- per month and the maximum purchase price is Rs.7,50,000/- for a maximum pension of Rs.5,000/- per month. The scheme is exempted from Goods and Services Tax. The scheme is open for subscription till 3rd May 2018.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2020-05-22): Pradhan Mantri Vaya Vandana Yojana Extended - 22 May 2020 - 3 min read The Union Cabinet has extended Pradhan Mantri Vaya Vandana Yojana (PMVVY) for a period of three years. This social security scheme for senior citizens will now be valid till March 2023. [...] - One can invest a maximum amount of Rs. 15 lakh under PMVVY scheme. The tenure of policy is set at 10 years.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2024-02-14): The current interest rate offered by this senior citizen scheme is 8.2%. These rates are reviewed every quarter, with the last review being March 31, 2021. This new rate applies solely to new deposits from that date, not to already existing ones. While SCSS rates of interest are open to being revised every quarter, these changes will not apply to already-enrolled investors. New rates of interest only apply to newer investors of a particular quarter. [...] At the time of opening, this investment plan for senior citizens was offered at an interest rate ranging between 8% to 8.3% per annum. This range became more specific, depending on what the investor chose for the payout period – monthly, quarterly, half-yearly, or yearly. The Union Budget of 2018-19, however, revised the interest lower to 7.4% for 2020-21, as it also extended the scheme for 3 years. [...] If you are keen to invest in the Pradhan Mantri Vaya Vandana Yojana for your retirement security, you just need to approach LIC – the only institution that offers this plan. Both offline and online options to open this account are currently available to you.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2019-03-02): The fourth claim is that ‘Financial security of senior citizens has been ensured with PM Vaya Vandana Yojana, that gives 8% interest for 10 years and investment limit doubled to Rs. [...] A document on the LIC website states that ‘Government of India in the budget speech of 2018-19 has announced the enhancement of maximum limit under Pradhan Mantri Vaya Vandana Yojana to Rs. 15 lakhs per senior citizen. The period of sale for this scheme has also been extended up to 31st March, 2020’. [...] Fact: Pradhan Mantri Vaya Vandana Yojana (PMVVY) provides an assured return of 8% per annum payable monthly for 10 years. The maximum limit under the scheme has been enhanced to 15 lakhs rupees per senior citizen and the period of sale for this scheme has been extended to 31st March, 2020. Hence, the claim is TRUE.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2018-02-01): To celebrate the 150 Birth Anniversary of Mahatma Gandhi, Father of the Nation from 2nd October 2019, the Budget set aside Rs.150 crore for the activities leading to the commemoration programme. [...] Relief to Senior Citizens has also been proposed. The proposals are :- - Exemption of interest income on deposits with banks and post offices are proposed to be increased from Rs. 10,000 to Rs. 50,000. TDS shall not be required to be deducted under section 194A. Benefit will also be available for interest from all fixed deposit schemes and recurring deposit schemes. [...] - Increease in deduction limit for medical expenditure for certain critical illness from Rs. 60,000 (in case of senior citizens) and from Rs. 80,000 (in case of very senior citizens) to Rs. 1 lakh for all senior citizens, under section 80DDB. Concessions will give extra tax benefit of Rs. 4,000 crore to senior citizen. It is also proposed to extend the Pradhan Mantri Vaya Vandana Yojana up to March, 2020. The current investment limit is also proposed to be increased to Rs. 15 lakh from the existing limit of Rs. 7.5 lakh per senior citizen.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2017-05-05): As it was promised by Ministry Of Finance, during the Budget 2017, the Government has announced Pradhan Mantri Vaya Vandana Yojana (PMVVY). This is available from LIC with 8% guaranteed pension plan. [...] Note:-Budget 2018-Effective from 1st April 2018, the limit of investment under this scheme raised to Rs.15,00,000 from the existing Rs.7,50,000. Also, the investment date was extended up to 31st March 2023. [...] How much can you invest in Pradhan Mantri Vaya Vandana Yojana?
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2017-05-05): The Govt has now launched a similar scheme which is called as ‘Pradhan Mantri Vaya Vandana Yojana’ (PMVVY) on 4th May, 2017. Like VPBY, PMVVY is also a Pension scheme for Senior citizens who are above 60 years of age. The assured return on PMVVY would be 8%. [...] - The plan is open for subscription from 04-May-2017 to 03-May-2018. The scheme has been extended up to March 2020 (as per Budget 2018-19). - One time premium payment of around Rs 1,50,00/- fetches a monthly pension of Rs 1,000 for 10 years. (Under PMVBY, the pension was for life-long.) [...] Ceiling of maximum pension is for a family as a whole i.e. total amount of pension under all the PMVVY policies issued to a family under this plan shall not exceed the maximum pension limit. The family for this purpose will comprise of pensioner, his/her spouse and dependents.- As per Budget 2018-19, the investment limit of Rs 15 lakh is per Senior Citizen.The investment limit of Rs 7.5 lakh per family in the earlier scheme has been enhanced to Rs 15 lakh per senior citizen in the modified PMVVY, thereby providing a larger social security cover to the Senior citizens.Therefore, if your spouse is also a senior citizen, he/she can invest Rs 15 lacs in PMVVY too. Therefore, the two of you can invest a maximum of Rs 30 lacs in PMVVY scheme and can receive Rs 2.4 lakh as yearly pension (max).
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2024-08-01): The senior citizen savings scheme (SCSS) is a secured investment tool for senior citizens offering an 8.2 per cent interest rate on deposits. [...] Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme providing senior citizens with monthly pensions for up to 10 years. Learn more about its features and benefits. [...] Financial security is crucial for seniors while considering investments, and fixed deposits offer the investment security that seniors look for
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2019-03-27): The ‘Pradhan Mantri Vaya Vandana Yojana ’ has been launched by the Government to protect elderly persons aged 60 years and above against a future fall in their interest income due to the uncertain market conditions, as also to provide social security during old age. The scheme is implemented through the Life Insurance Corporation of India (LIC) and provides an assured return of 8% per annum for 10 years . Mode of pension payment under the Yojana is on a monthly, quarterly, half-yearly or annual basis depending on the option exercised by the subscriber. [...] In pursuance to Budget Announcement 2018-19, the Pradhan Mantri Vaya Vandana Yojana has been extended up to 31st March, 2020. The limit of maximum purchase price of Rs. 7.5 lakh per family under the scheme has also been enhanced to Rs 15 lakh per senior citizen. Accordingly, the maximum pension admissible under the scheme is now Rs.10,000/- per month.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2024-08-20): Senior citizens in India have a range of investment options suited to their specific financial requirements. The Senior Citizen Savings Scheme (SCSS), Pradhan Mantri Vaya Vandana Yojana (PMVVY), Post Office Monthly Income Scheme (POMIS), Senior Citizen Fixed Deposits, National Pension System (NPS), and Equity Linked Savings Scheme (ELSS) are some of the best investment options for senior citizens to secure their financial future. Consideration of eligibility criteria, interest rates, time periods, and tax implications is vital for making informed investment decisions tailored to individual needs. [...] The best investment option for senior citizens can vary based on individual financial goals and risk tolerance. However, the Senior Citizen Savings Scheme (SCSS) and Pradhan Mantri Vaya Vandana Yojana (PMVVY) are popular choices due to their attractive interest rates and tax benefits. [...] Both the Senior Citizen Savings Scheme (SCSS), Pradhan Mantri Vaya Vandana Yojana (PMVVY) and senior citizen fixed deposits are considered excellent schemes for senior citizens, offering competitive interest rates, reasonable investment limits, and tax benefits. The choice depends on individual preferences and financial objectives.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2020-06-10): Update till 10 June 2020. Pradhan Mantri Vaya Vandana Yojna or PMVVY is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above which is available from 4th May 2017. It was officially inaugurated by then FM Late Sh Arun Jaitley on 21/07/2017. [...] Pradhan Mantri Vaya Vandana Yojna or PMVVY is immediate pension scheme for senior citizens. You can call it annuity plan for the central government as LIC is just the medium to distribute this scheme. [...] For senior citizens, very few schemes are left with the assured return. 7 -8% for next 10 years is not bad at all. It is far better than FD which currently is around 5%-7% for senior citizens.
Claim: Financial security of senior citizens with PM Vaya Vandana Yojana, gives 8% interest for 10 years. Investment limit doubled to 15 lakh rupees and scheme extended till 2020. (Govt. of India, 2018-05-26)
Evidence (2024-06-18): Pradhan Mantri Vaya Vandana Yojana (PMVVY) is retirement cum pension scheme announced by the Indian Government. The plan is subsidised by the government and was launched in May 2017. [...] PMVVY is a great investment option for senior citizens. This scheme can be considered by those senior citizens that are looking for a regular pension. However, to invest in this scheme, one should have a considerable amount in hand. [...] Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a retirement and pension scheme managed by LIC. It provides fixed-rate returns for 10 years to Indian senior citizens, with various benefit options like death benefits and loans. The scheme requires minimal documentation and is not tax-saving, with a max investment limit of Rs.