Varishtha Pension Bima Yojana 2017 (VPBY) Approved by PM Modi

Keeping the flow to help old age people of the state PM Narendra Modi has approved a new pension scheme. The name of new programme is Varishtha Pension Bima Yojana 2017 (VPBY) that has a main goal to social help for the Vridha people of the country who are of 60 and more age. The newly revealed old age insurance scheme will help the people in future.

This new Vridha Pension Yojana, has work on the principle of future security and providing welfare funds to the people of the India. PM Modi new scheme will be applied with a pair of LIC (Life Insurance Corporation) to work on the ground reality.

Varishtha Pension Bima Yojana 2017 registration will be done later in the financial year 2016. Applicants are only allowed to apply for till one year from the starting date for this old age pension scheme.

Central government has offered the option of taking out the pension monthly/ quarterly / half yearly and annually basis as per their choice. Under PM Modi Vridha Pension Yojana, the income will be provided for 10 year with a fixed interest rate of 8%.

More depth of the scheme will come up when the central government fully introduce the all points on the Varishtha Pension Bima Yojana 2017 in future. The starting date of the scheme has been still going to announce later. So old people of 60 and more age can go to apply for the VPBY 2017 and secure their future.