Varishtha Pension Bima Yojna Revived

 

NDA Government in its last term in office had introduced the Varishtha Bima Yojna (VPBY)as a pension scheme for senior citizens.Under the scheme a total no. of 3.16 lakh annuitants are being benefitted and the corpus amounts to Rs. 6095 crores.The Finance Minister,  Arun Jaitly in his budget speech 2014-2015 proposed to revive the scheme for a limited period from 15 August, 2014 to 14 August, 2015 for the benefit of citizens aged 60 years and above.