For the financial year 2022–23, which of the following schemes of the Central Government provides an assured pension rate of 7.40% per annum, payable monthly?

Correct option is C

The correct answer is: (c) Pradhan Mantri Vaya Vandana Yojana
Explanation:
· The PMVVY scheme provides senior citizens (60+ years) with an assured 7.40% annual pension, payable monthly, for a term of 10 years.
Information Booster:
· Implemented through LIC (Life Insurance Corporation of India).
· Minimum investment: ₹1.5 lakh (approx.)
· Maximum pension: ₹10,000/month.
· Scheme validity extended up to March 2023.
· Notified by Ministry of Finance.
· Tax benefits under Section 80C.
Additional Information:
· Niryat Rin Vikas Yojana – Export credit scheme.
· Varishtha Pension Bima Yojana – Older pension scheme.
· Ayushman Sahakar Yojana – Related to health infrastructure via cooperatives.