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The Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme aimed at providing a fixed monthly pension to senior citizens aged 60 and above, managed by the Life Insurance Corporation of India (LIC) under the Ministry of Finance. The scheme allows a one-time lump sum investment with a maximum limit of 15 lakh and offers a minimum monthly pension of 1,000 and a maximum of 10,000, with an assured rate of return that can be reset annually. Enrollment for the scheme was extended until March 31, 2023, and

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