Notes and Study material for Exams
The Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a government-backed pension scheme designed exclusively for senior citizens in India. It aims to provide a guaranteed income stream in retirement, offering financial security and peace of mind in their later years. Objectives of PMVVY Regular Pension for Seniors: Ensure guaranteed pension payments throughout the lifetime of the … Read more
The Varishtha Pension Bima Yojana (VPBY) is a government pension scheme targeted specifically towards senior citizens in India. It aims to provide a guaranteed income stream to ensure financial security in their retirement years. Objectives of VPBY Assured Pension: Provide senior citizens with a regular and guaranteed pension during their lifetime. Financial Security: Protect senior citizens from … Read more
The National Pension Scheme (NPS) is a voluntary, market-linked pension scheme designed to promote retirement savings among Indian citizens. With increasing longevity and changing family structures, NPS aims to encourage long-term savings habits to secure financial freedom during one’s later years. Objectives of NPS Organized Pension System: Establish a structured pension system for all citizens, including … Read more
The Atal Pension Yojana (APY), a flagship pension scheme of the Government of India, aims to provide financial security in old age for workers in the unorganized sector. The scheme recognizes the need for a structured pension system for vast segments of the workforce who lack traditional social security benefits. Objectives of APY Organized Pension … Read more
The Aam Aadmi Bima Yojana (AABY), a government-sponsored social security scheme, aims to provide affordable life insurance coverage to the economically weaker sections of the society in India. The scheme recognizes that financial protection is often out of reach for those working in unorganized sectors, leaving their families vulnerable in case of misfortune. Objectives of … Read more
The PM Kisan Maan Dhan Yojana (PM-KMY), launched in 2019, is a voluntary and contributory pension scheme designed to provide social security to small and marginal farmers in India. The scheme aims to ensure a dignified old age for farmers by offering a guaranteed monthly pension after they reach the age of 60. Understanding PM-KMY … Read more
The Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) scheme was launched in 2019 to provide a dedicated pension plan for workers in India’s vast unorganized sector. The scheme recognizes the contributions of workers like street vendors, rickshaw pullers, domestic workers, and construction laborers, aiming to ensure their social security and a dignified life after retirement. Key … Read more
Launched in 2019, the Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) is a pension scheme designed to provide social security to India’s small and marginal farmers. The scheme acknowledges their contribution to the nation and aims to provide them with a safety net in their old age. Objectives of PM-KMY Assured Pension: Provide a monthly pension … Read more