The five years of the Pradhan Mantri Vaya Vandana Yojana are now complete. 21 July, 2017 marked the official launch of the programme. The programme is a social security programme for the elderly that aims to provide them with a guaranteed minimum pension based on a guaranteed return on the purchase price or subscription fee. The minimum investment required to participate in this scheme has been increased to one lakh 56 thousand 658 rupees for a pension of 12,000 per year and to one lakh 62 thousand 162 rupees for a pension of at least 1,000 rupees per month. The programme, which was in place through 2020, has now been extended for an additional three years, through March 31, 2023.
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Pradhan Mantri Matru Vandana Yojana (PMMVY), previously known as the Indira Gandhi Matritva Sahyog Yojana, is a maternity benefit program run by the government of India. It was originally launched in 2010 and renamed in 2017. The scheme is implemented by the Ministry of Women and Child Development. It is a conditional cash transfer scheme for pregnant and lactating women of 19 years of age or above for the first live birth. It provides a partial wage compensation to women for wage-loss during childbirth and childcare and to provide conditions for safe delivery and good nutrition and feeding practices.
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