Pradhan Mantri Vaya Vandana Yojana (PMVVY): A Comprehensive Guide for Senior Citizens
By MoneyCal Editorial Team • Published 2026
The Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a social security scheme launched by the Government of India, managed by LIC of India. Designed specifically for senior citizens, it offers a guaranteed pension payout, providing a crucial safety net in their golden years. This scheme is ideal for those seeking stable income post-retirement without market risks.