What is the agenda behind the Government of India's flagship programme 'Pradhan Mantri Vaya Vandana Yojana'?

Correct option is D

The correct answer is (D) Assured pension on a guaranteed return of 8% after making a minimum initial investment for Senior Citizen.

Explanation:
The Pradhan Mantri Vaya Vandana Yojana (PMVVY)  2017 is a pension scheme that ensures senior citizens receive a guaranteed return of 8% per annum, payable monthly, after making a minimum investment.

Information Booster:

• Launched:2017 for senior citizens aged 60 years and above.
• Returns:8% annual interest, ensuring stable pension income.
• Investment Limit: Maximum investment of ₹15 lakhs per senior citizen.
• Ministry:Ministry of Finance.
• Minister:Nirmala Sitharaman (2025).
• Validity: Initially until 2023, with possible extensions.

Additional Information:

• To provide affordable housing to all – Refers to Pradhan Mantri Awas Yojana (PMAY).
• To provide a minimum monthly pension of ₹1000 or ₹2000 – Incorrect, as PMVVY provides guaranteed returns instead.
• To provide a life cover of ₹200,000 against a premium of ₹330 per annum – Refers to Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).