Pension investment limit for senior citizens doubled to â¹15L
The Union Cabinet on Wednesday approved doubling the investment limit to â¹15 lakh under the government's flagship senior citizen pension scheme Pradhan Mantri Vaya Vandana Yojana (PMVVY). The move will enable up to â¹10,000 pension per month for senior citizens based on a guaranteed 8% annual return. The time limit for subscription has also been extended to March 31, 2020.