Consider the following statements about a scheme launched by the Government of India :
It was launched to provide social security during old age and to protect elderly persons aged 60 years 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 (LICI).
Identify the scheme.
[amp_mcq option1=”Pradhan Mantri Swasthya Suraksha Yojana” option2=”Pradhan Mantri Vaya Vandana Yojana” option3=”Liveability Index Programme” option4=”Rashtriya Vayoshri Yojana” correct=”option2″]
This question was previously asked in
UPSC CDS-1 – 2019