evidence: The main objective of PMVVY is to provide an assured pension to senior citizens aged 60 years and above, who are looking for a regular income during their retirement years. The scheme offers an assured rate of return of 7.4% per annum for a period of 10 years. The pension is paid monthly, quarterly, half-yearly or annually, as per the choice of the pensioner. [...] PMVVY has been widely welcomed by the senior citizens of India as it provides them with a regular income during their retirement years. The scheme also provides a sense of financial security to the pensioners and their families. In conclusion, Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a government-backed pension scheme that provides an assured pension to senior citizens aged 60 years and above. The scheme offers an assured rate of return of 7.4% per annum for a period of 10 years and is administered by the Life Insurance Corporation of India (LIC). PMVVY has been widely welcomed by the senior citizens of India as it provides them with a regular income during their retirement years and a sense of financial security to the pensioners and their families.