The central government has started a pension scheme called Pradhan Mantri Vaya Vandana, which was started many years ago on 4 May 2017, but now the government has extended its date till 31 March 2023. The central government has increased the maximum limit under Pradhan Mantri Vaya Vandana Yojana from 7.50 lakh to 15 lakh rupees in the budget speech of 2018-2019 a few years ago. Which you can take advantage of the policy for life by depositing the amount fixed by the government according to your budget.