Pradhan Mantri Vaya Vandana Yojana extended to 2020 : Budget 2018-19 PMVVY (Pradhan Mantri Vaya Vandana Yojana) is the 10 years 8% guaranteed pension scheme meant for senior citizens. The earlier deadline of the closure of this scheme was 3rd May 2018. Now, this is extended to until March 2020.