Consider the following statements about a scheme launched by the Government of India: It was launched to provide social security during old age and to protect elderly persons aged 60 years 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 (LICI). Identify the scheme.
- APradhan Mantri Swasthya Suraksha Yojana
- BPradhan Mantri Vaya Vandana Yojana
- CLiveability Index Programme
- DRashtriya Vayoshri Yojana
Explanation
The Pradhan Mantri Vaya Vandana Yojana, launched in 2017 and operated through the Life Insurance Corporation of India, provides assured pension to senior citizens aged 60 and above. It protects the elderly against a future fall in interest income, with returns linked to the subscription amount under government guarantee. The other schemes serve different purposes. Hence option B is correct.