govinfoadmin
The government launched a new pension scheme for senior citizens. The scheme was announced last year’s budget session 2018-19, and the implementation has started now this year 2020 with LIC. According to scheme senior citizens have to fix the amount for 10 years. The minimum investment is Rs.1.5 lakh and maximum Rs.15 lakh with interest rate 8.3% for annual pension, 8.13% for half-yearly, 8.05% for quarterly and 8% for monthly. The minimum pension will be Rs.1,000 and the maximum will be Rs.10,000 based on the investment. If individually investment of husband and wife get the individual pension.
Benefits:
| Minimum Pension | Maximum Pension |
| Rs.1,000: Monthly Pension | Rs.10,000: Monthly Pension |
| Rs. 3,000: Quarterly Pension | Rs. 30,000: Quarterly Pension |
| Rs.6,000: Half-year Pension | Rs.60,000: Half-year Pension |
| Rs.12,000: Yearly Pension | Rs.1,20,000: Yearly Pension |
Beneficiaries: Senior citizens
Launched By: Government of India
Eligibility Criteria:
- The scheme is applicable for senior citizens only
- Senior citizens age should be 60 years old
Important Component:
- This pension scheme is available on both mode of application Online and offline
- Government implement this scheme with the support of LIC
