PRADHAN MANTRI VAYA VANDANA YOJANA
![Modi govt may have more Budget measures for India's hinterland, a key voting bloc](https://img.etimg.com/thumb/msid-107281661,width-100,height-75,resizemode-4/news/economy/agriculture/modi-govt-may-have-more-budget-measures-for-indias-hinterland-a-key-voting-bloc.jpg)
Modi govt may have more Budget measures for India's hinterland, a key voting bloc
Experts expect announcements around millets and MSP hikes in the 2024 interim budget. There is a need to ensure food security, include nutrition in policies, and prepare agriculture for the consequences of climate change. The government should correct the consumption and food production basket by giving crop-neutral incentive structures.
![Rural uptake of sanitary pads rises to 45 per cent: Health Minister Mansukh Mandaviya](https://img.etimg.com/thumb/msid-105990360,width-100,height-75,resizemode-4/news/india/rural-uptake-of-sanitary-pads-rises-to-45-per-cent-health-minister-mansukh-mandaviya.jpg)
Rural uptake of sanitary pads rises to 45 per cent: Health Minister Mansukh Mandaviya
Keeping in view the health of the women in terms of hygiene, Mandaviya said under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP), the government has launched Jan Aushadhi Suvidha Sanitary Napkins at Rs 1 per pad for women to ensure easy availability of the menstrual health services at affordable prices.
![PM Modi to launch Rs 24,000 crore scheme for empowerment of tribals on Nov 15](https://img.etimg.com/thumb/msid-105188460,width-100,height-75,resizemode-4/news/india/pm-modi-to-launch-rs-24000-crore-scheme-for-empowerment-of-tribals-on-nov-15.jpg)
PM Modi to launch Rs 24,000 crore scheme for empowerment of tribals on Nov 15
These tribes stay in scattered, remote and inaccessible habitations, often in forest areas and hence the mission has been planned to saturate PVTG families and habitations with basic facilities such as road and telecom connectivity, electricity, safe housing, clean drinking water and sanitation, improved access to education, health and nutrition, and sustainable livelihood opportunities, they said.
![What are the best investment instruments for senior citizens? Hemant Sood answers](https://img.etimg.com/thumb/msid-104446037,width-100,height-75,resizemode-4/markets/expert-view/what-are-the-best-investment-instruments-for-senior-citizens-hemant-sood-answers.jpg)
What are the best investment instruments for senior citizens? Hemant Sood answers
Hemant Sood, MD of Findoc, recommends the top investment instruments for senior citizens as NPS, Atal Pension Yojana, and Pradhan Mantri Vaya Vandana Yojana. These schemes offer low-risk or zero-risk investments backed by the government of India. The returns range from 6-7%, with regular interest payments. However, the regular monthly income from these schemes is taxable. Senior citizens should consider tax-efficient investment instruments, such as those linked with insurance, for long-term schemes.
![Senior citizens can invest extra Rs 15 lakh in SCSS from April 1, 2023 but PMVVY to close from same date](https://img.etimg.com/thumb/msid-97675966,width-100,height-75,resizemode-4/wealth/invest/senior-citizens-can-invest-extra-rs-15-lakh-in-scss-from-april-1-2023-but-pmvvy-to-close-from-same-date.jpg)
Senior citizens can invest extra Rs 15 lakh in SCSS from April 1, 2023 but PMVVY to close from same date
PMVVY currently offers retirees the option of investing up to Rs 15 lakh to earn near-risk-free returns. However, till now there has been no announcement of it being extended. Therefore, as things stand today while senior citizens would be able to invest an extra Rs 15 lakh in SCSS from April 1, 2023, the other avenue of investing Rs 15 lakh in a similar scheme would close.
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LIC Pradhan Mantri Vaya Vandana Yojana to close for investment on March 31: Pension benefits, taxation, interest rate
Pension payments under the PMVVY plan are made in accordance with the pay-out option that the investor chose when the funds were put in the plan.
PAN-Aadhaar linking, tax-saving investments, advance tax: 4 important money deadlines in March 2023
From linking your PAN to your Aadhaar to planning your tax-saving investment, you need to finish a few important financial deadlines by March 2023. ET Wealth has made a list of important financial deadlines in March 2023 that you need to keep in mind.
Haryana govt committed to construct SYL canal to get state's share of waters in Ravi-Beas: Guv Bandaru Dattatreya
In his address to the Haryana assembly on the first day of the Budget Session, the governor also lauded the government's efforts for ensuring good governance by evolving customised policies for all sectors and showing zero-tolerance to corruption.
List of government pension, insurance schemes for Indian citizens
As per the Economic Survey, “it is important to protect citizens from risks posed by rainy days, such as health issues, natural disasters, old age, etc. Especially in the wake of the hardships posed by the pandemic, the government invested more resources in social protection programmes and continued to do so in the FY23 with the understanding that strong social protection systems can support the growth process.”
How many claims have been paid under Ayushman Bharat Yojana, PMVVY govt insurance schemes?
The government highlighted the success rate of insurance schemes such as Ayushman Bharat Yojana, Pradhan Mantri Vaya Vandana Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana launched by the government.
Pradhan Mantri Vaya Vandana Yojana (PMVVY): Who can apply, purchase price, how to buy
Applications for Pradhan Mantri Vaya Vandana Yojana are being accepted till 31 March 2023. This scheme is offered by LIC and has a tenure of 10 years with a guaranteed monthly income.
PM Modi to release 11th installment of PM-KISAN benefits on May 31
As part of a national event 'Garib Kalyan Sammelan', Modi will also interact with beneficiaries of 16 schemes and programmes implemented by nine central ministries through video conferencing, the agriculture ministry said in a statement. The national event is being organised under the 'Azadi ka Amrit Mahotsav' year long celebrations.
PMVVY pension scheme: This important feature is due for reset on April 1
Currently, the interest rate offered on Pradhan Mantri Vaya Vandana Yojana or PMVVY is 7.4% a year. The interest rate has been kept unchanged since FY 2020-21.
Demand for simultaneous Lok Sabha, Assembly elections made in Rajya Sabha
D P Vats (BJP) said the country "is in permanent election mode" with some or the other elections happening in parts of the country. This, he said, was a burden on the resources - both manpower and material. He suggested extending tenures of the state assemblies or using other means to help hold simultaneous general elections as well as those to elect governments in the states.
Investing in PMVVY LIC pension scheme will not help in tax saving
The scheme allows premature exit during the policy term under exceptional circumstances like the pensioner requiring money for the treatment of any critical illness of self or spouse. The last date to invest in PMVVY is March 31, 2023.
Are PMJJBY policyholders eligible for discounted LIC IPO shares?
All policies other than group policies qualify for Bidding in the Policyholder Reservation Portion. The total number of reservations for eligible policyholders shall not exceed 10% of the total offer size.
How to choose right tax saving options for senior citizens
SCSS is a government backed retirement savings programme. The scheme has a maximum limit of Rs 15 lakhs or the Retirement Corpus, whichever is less.
Where should I invest my retirement corpus to get Rs 2 lakh post tax monthly income?
The expectation of a post-tax monthly amount of Rs 2 lakh is slightly on the higher side given the interest rate scenario and taxation regime. You can even choose a large-cap oriented tax-saving mutual fund as it would cater to your 80C requirements.
Good news for senior citizens: PM Vaya Vandana Yojana pension scheme extended till March 31, 2023
Pradhan Mantri Vaya Vandana Yojana scheme offered by LIC of India gives a guaranteed payout of pension at a specified rate for 10 years. It also offers a death benefit in the form of return of purchase price to the nominee.
LIC modifies PM Vaya Vandana Yojana pension scheme for senior citizens: Check the details here
PMVVY scheme is offered only by Life insurance Corporation (LIC) of India. The scheme gives a guaranteed payout of pension at a specified rate for 10 years. It also offers a death benefit in the form of the return of purchase price to the nominee.
Government pushes PSU banks to provide cheaper loans to small businesses
While paring deposit rates-to ensure that all borrowers benefit from the lower rate regime-bankers have been asked to ensure widespread implementation of the Pradhan Mantri Vaya Vandana Yojana, which has been extended by three years up to March 2023. Under the scheme, senior citizens will be paid 7.4% interest during the current financial year with the rate to be reset next year.
After Sonia Gandhi, DMK's Kanimozhi raises the issue of delayed and reduced maternity benefits
In states like Tamil Nadu and Odisha, maternity benefits are relatively superior, both in terms of what they offer, and the number of beneficiaries. Tamil Nadu has had a maternity entitlement programme in place since 1987, and as of now, pregnant mothers in the State get Rs 14,000 in cash and a nutritional kit of Rs 4,000 for the first two pregnancies.
How to invest in Pradhan Mantri Vaya Vandana Yojana
It is a pension scheme available for senior citizens offering a guaranteed payout of pension at a specified rate for 10 years.
LIC may post low profit due to its portfolio churn
Govt's 'golden goose' is feeling this pinch due to obligations and a toughening biz environment
Mutual fund queries answered by Amol Joshi, Founder, Plan Rupee
Debt mutual funds are more tax efficient than fixed deposits.
Here's a calendar to help you plan your financial moves in 2018
Use this calendar to make sure that your finances remain on track and you invest wisely all year long.
'Benefit chain' of GST should continue, PM Modi tells MPs
Besides J-K, Delhi and Haryana, MPs from Punjab, Uttarakhand and Himachal Pradesh as well as the party MP from Chandigarh were present during the meeting with the prime minister.
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