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    <title>Cabinet approves Doubling of Investment Limit for Senior Citizens from 7.5 lakh to 15 lakh under Pradhan Mantri Vaya Vandan Yojana (PMVVY)</title>
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    <description>Doubling the investment ceiling under the Pradhan Mantri Vaya Vandan Yojana increases the per-senior-citizen investment limit and extends the subscription window; the scheme, implemented through an insurer, provides an assured pension based on a guaranteed 8% per annum for ten years with payment frequency options and the Government bearing the annual subsidy equal to the difference between insurer returns and the assured rate.</description>
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