Govt re-launches Varishtha Pension Bima Yojana
The Central Government has re-launched the Varishtha Pension Bima Yojana, for the benefit of citizens aged 60 years and above. The scheme will provide financial security to almost half a million senior citizens of the country by ensuring regular income during old age.
The scheme will benefit the vulnerable section of society with limited resources as it will provide monthly pension ranging from Rs 500 to 5,000 per month to senior citizens of the country. The Scheme will be administrated by the Life Insurance Corporation, LIC.