Pradhan Mantri Vaya Vandana Yojana : Limit increased to Rs.15 lakh Budget 2018-19 Pradhan Mantri Vaya Vandana Yojana is the 10 years 8 per cent guaranteed pension scheme meant for senior citizens. This scheme is extended to until March 2020 and limit under this scheme increased from Rs.7.5 lakh to Rs.15 lakh