3.4.1. Schemes

Pradhan Mantri Vaya Vandana Yojana

Government has launched the ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY)’ to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. The scheme enables old age income security for senior citizens through provision of assured pension/return linked to the subscription amount based on government guarantee to Life Insurance Corporation of India

(LIC). Till March 2018, there are total 2.23 lakh beneficiaries (senior citizens) under PMVVY 2018. The previous Varishtha Pension Bima Yojana 2014 scheme has total 3.11 lakh beneficiaries.

Rashtriya Vayoshri Yojana

It is a Central Sector Scheme for providing Physical Aids and Assisted-living Devices for Senior citizens belonging to BPL category. The expenditure for implementation of the scheme will be met from the "Senior Citizens' Welfare Fund". The Scheme will be implemented through the sole implementing agency - Artificial Limbs Manufacturing Corporation (ALIMCO), a PSU under the Ministry of Social Justice and Empowerment. Under the Scheme, the following Aids and Assisted-Living Devices will be provided to eligible elderly beneficiary senior citizens, depending upon their physical impairment.

♤ Walking sticks

♤ Elbow crutches

♤ Walkers / Crutches

♤ Tripods / Quadpods

♤ Hearing Aids

♤ Wheelchair

♤ Artificial Dentures

♤ Spectacles