Kisan Credit Card (KCC)

PM-KISAN Scheme

PM Kisan is a Central Sector scheme with 100% funding from Government of India.

It has become operational from 1.12.2018.

Under the scheme an income support of 6,000/- per year in three equal installments will be provided to small and marginal farmer families having combined land holding/ownership of upto 2 hectares.

Definition of family for the scheme is husband, wife and minor children.

State Government and UT administration will identify the farmer families which are eligible for support as per scheme guidelines.

The fund will be directly transferred to the bank accounts of the beneficiaries.

The first instalment for the period 1.12.2018 to 31.03.2019 is to be provided in the financial year itself.

Kisan Credit Card (KCC) is one of the major schemes launched by the government to help small farmers. The Government of India (GoI) gives up to Rs 1.6 lakh KCC loan without any collateral or guarantee to the small farmers who hold KCC. As per the tax and investment experts, farmers can take loans up to Rs 5 lakh KCC loan in 3 years. The KCC loan interest rate is also very low at 4 per cent per annum. But, to avail the Kisan Credit Card facility, a farmer must open account under PM Kisan Samman Nidhi Yojana. As the center has made it clear that it is going to distribute around 2.5 crore Kisan Credit Card, it becomes important for the small farmers to know about the benefits of KCC and cheaper KCC loan.

Through the Kisan Credit Card, farmers can take a short-term loan of up to Rs 3 lakh in 5 years. Although the loan is available at the rate of 9 per cent, but the government gives a subsidy of 2 per cent on it. In this sense, it stands at 7 per cent. On the other hand, if the farmer returns this loan on time, then he gets a further rebate of 3 per cent. Means, after repaying the first loan on time, the small farmer who holds Kisan Credit Card, becomes eligible for an additional 3 per cent rebate on the KCC loan and then the KCC loan interest rate become 4 (7-3 = 4) per cent.

KCC online application

 

The validity of the Kisan Credit Card is five years. On can get up to Rs 1.6 lakh collateral free loan without any guarantee and all KCC loans are covered under crop insurance scheme. The GoI is going to issue 2.5 crore new Kisan Credit Card and hence those small farmers who have account in PM Kisan Samman Nidhi Yojana, should immediately apply for the KCC.

 

Here is the step by step guide to apply for Kisan Credit Card online:

 

1] Go to the official site of PM Kisan Samman Nidhi Yojana — pmkisan.gov.in;

2] Download the Kisan Credit Card form;

3] Fill Kisan Credit Card form with the documents of your land, details of the crop, etc;

4] Give declaration that you have not made any other Kisan Credit Card from any other bank or branch; and

5] Submit the application, after which you will get the Kisan Credit Card from the concerned bank.

 

KCC can be obtained from any Co-operative Bank, Regional Rural Bank (RRB). This card can also be taken from SBI, BOI and IDBI Bank or National Payments Corporation of India (NPCI) that issues RuPay KCC.

Janani Suraksha Yojana

 

Janani Suraksha Yojana (JSY) is a safe motherhood intervention under the National Health Mission. It is being implemented with the objective of reducing maternal and neonatal mortality by promoting institutional delivery among poor pregnant women. The scheme, launched on 12 April 2005 by the Hon’ble Prime Minister, is under implementation in all states and Union Territories (UTs), with a special focus on Low Performing States (LPS).

 

JSY is a centrally sponsored scheme, which integrates cash assistance with delivery and post-delivery care. The Yojana has identified Accredited Social Health Activist (ASHA) as an effective link between the government and pregnant women.

The scheme focuses on poor pregnant woman with a special dispensation for states that have low institutional delivery rates, namely, the states of Uttar Pradesh, Uttarakhand, Bihar, Jharkhand, Madhya Pradesh, Chhattisgarh, Assam, Rajasthan, Orissa, and Jammu and Kashmir. While these states have been named Low Performing States (LPS), the remaining states have been named High Performing states (HPS).

Ladli Laxmi Yojana

Ladli Laxmi Yojana is a scheme introduced by Government of Madhya Pradesh. It was inaugurated by Chief Minister Shivraj Singh Chouhan on 2nd May 2007, which was followed by expansion to six additional states including Uttar Pradesh, Bihar, Delhi, Chhattisgarh, Jharkhand and Goa. It came into effect from 7th April, 2007.

 

The scheme lays a lot of emphasis on providing a good substructure for the economic and educational status of the families adopting this and suppress female infanticide. Its underlying goal includes bringing about a positive change in the mindset of conservative Indian families about the birth and upbringing of the girl child.

 

Under this scheme, the state government would have to purchase National Saving Certificates, worth ₹6,000 each year for five years and these would be renewed from time to time. At the time of girl's admission in the sixth standard, ₹2,000 and on admission in the ninth standard ₹4,000 would be paid to the girl. When she gets admitted to the 11th standard she would receive ₹7,500. During her higher secondary education, she would get ₹200 every month. On completion of 21 years, she would receive the remaining amount, which would be approximately ₹1 lakh.

 

The scheme focuses on providing benefits to the girl children, mainly from non tax paying families or orphans, who were born on or after the 1st of January, 2006.

Soil Health Card scheme

Soil Health Card scheme

A Soil Health Card is used to assess the current status of soil health and, when used over time, to determine changes in soil health that are affected by land management. A Soil Health Card displays soil health indicators and associated descriptive terms. The indicators are typically based on farmers' practical experience and knowledge of local natural resources. The card lists soil health indicators that can be assessed without the aid of technical or laboratory equipment.

 

Soil Health Card (SHC) is a Government of India's scheme promoted by the Department of Agriculture & Co-operation under the Ministry of Agriculture and Farmers' Welfare. It is being implemented through the Department of Agriculture of all the State and Union Territory Governments.

 

Soil Health Card Scheme is a very beneficial scheme for farmers. There are many farmers in India. And they do not know which types of crops they should grow to get maximum yield. Basically, they do not know the quality and the type of their soil. They might know by experience what crops grow and what crops fail. But they don't know what they can do to improve the condition of the soil.

The government is planning to cover as many as all farmers under the scheme.

The scheme will cover all the parts of the country.

In the form of soil card, the farmers will get a report. And this report will contain all the details about the soil of their particular farm.

A farm will get the soil card once in every 3 years.

Swachh Bharat Mission Toilet

 Swachh Bharat Mission Toilet

With the goal of making India open-defecation free by 2019, the NDA government launched the Swachh Bharat Abhiyan (SBA) programme in 2014.

 

Under the programme, people living below and above poverty line can avail reimbursement for constructing toilets at household level. The programme has given a huge impetus to nationwide toilet building exercise.

 

The SBA, currently, operates under a reimbursement model, where the households are expected to build the toilets from their own funds and then, upon producing the required documents, they are reimbursed Rs 12,000- Rs 15,000.

 

Despite the SBA subsidies easing the process of household toilet construction, BPL households are faced with significant barriers.

Under the mission, all villages, Gram Panchayats, Districts, States and Union Territories in India declared themselves "open-defecation free" (ODF) by 2 October 2019, the 150th birth anniversary of Mahatma Gandhi, by constructing over 100 million toilets in rural India.

Jan Aushadi Yojana

 

Jan Aushadi Yojana

INTRODUCTION

With a view to achieve the objective of making available quality generic medicines at affordable prices to all, „Jan Aushadhi Scheme‟ was launched by the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, and Government of India in November, 2008 across the country. The Scheme is being implemented through the Bureau of Pharma PSUs of India (BPPI), under the administrative control of the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, and Government of India.

In September 2015, the „Jan Aushadhi Scheme‟ was revamped as „Pradhan Mantri Jan Aushadhi Yojana‟ (PMJAY). In November, 2016, to give further impetus to the scheme, it was again renamed as “Pradhan Mantri Bhartiya Janaushadhi Pariyojana” (PMBJP).Accordingly, 'ensuring availability of quality medicines at affordable prices to all', has been a key objective of the Government.

The Salient features of the Jan Aushadhi Scheme are:

i. Making quality medicines available at affordable prices for all, particularly for the the poor and disadvantaged, through specialized outlets called the Jan Aushadhi Stores (JAS).

ii. Provision of built up space for JAS in district hospitals by the State Governments

iii. Operation of JAS by the State Government nominated Operating Agencies like NGOs, Charitable Organizations and public societies like the Red Cross Society and Rogi Kalyan Samitis, constituted for the purpose

iv. Meeting the operational expenditure from the trade margins admissible for the medicines.

v. Supply of the generic medicines in the first instance by the Central Pharma PSUs so as to ensure both quality and timely supply. However, wherever required, medicines could be sourced from quality small and medium-sized enterprises (SMEs) units.

vi. To ensure prescription of generic medicines by the Government doctors with proactive support from the State Governments. The Key objectives of Jan Aushadhi Scheme are:

i. To make quality the hallmark of medicines by ensuring supplies from the Central Public Sector Undertaking (CPSUs) and also through other Public Sector Undertaking (PSUs) and Good manufacturing practices (GMP) compliant manufacturers in the private sector.

ii. Extend coverage of quality generic medicines, which would reduce and thereby redefine the unit cost of treatment per person.

iii. Provide access to any prescription drug or Over the Counter (OTC) drug in all therapeutic categories as generic equivalents, which is not to be restricted to the beneficiaries of Public Health System alone but also to serve others.

iv. Create awareness through education and publicity that quality is not synonymous with high price

v. Create a demand for generic medicines “By All for All” by improving access to better healthcare through low treatment costs.

vi. Involve State governments, Central Government, Public Sector Enterprises, and Private Sector, NGOs, Cooperative bodies and other institutions since it is a public welfare programme.

vii. Develop a model which can be replicated in other countries of the world, in pursuit of their common goal of achieving affordable quality health care.

 

Benefits of the Jan Aushadhi Scheme Campaign

The Jan Aushadhi initiative makes available quality drugs at affordable prices through dedicated stores selling generic medicines which are available at lesser prices but are equivalent in quality and efficacy as expensive branded drugs. Some comparative advantages are:

i. Promote greater awareness about cost-effective drugs and their prescription.

ii. Make available unbranded quality generic medicines at affordable prices through public-private partnership.

iii. Encourage doctors, more specifically in government hospitals, to prescribe generic medicines.

iv. Enable substantial savings in health care, more particularly in the case of poor patients, and those suffering from chronic ailments, requiring long periods of drug use.

GOVERNMENT ACTION AND ACHIEVEMENT OF THE SCHEME

At present 1253 Jan Aushadhi Stores/ Kendras have been opened across the country which are covering 29 States/UTs and 419 Districts till 30th April, 2017 (provided in Annexure I & II).

For opening PMBJP2 Kendras in Government Hospitals / Medical College premises, one-time financial assistance up to Rs. 2.50 lakh is provided as per the details given below:

(i) Rs. 1 lakh reimbursement of furniture and fixtures.

(ii) Rs. 1 lakh by way of free medicines in the beginning.

(iii) Rs. 0.50 lakh as reimbursement for computer, internet, printer, scanner,

Krishi Sinchayee Yojana

Har Khet ko Pani “Prime Minister Krishi Sinchayee Yojana”

 

Government of India is committed to accord high priority to water conservation and its management. To this effect Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) has been formulated with the vision of extending the coverage of irrigation ‘Har Khet ko pani’ and improving water use efficiency ‘More crop per drop' in a focused manner with end to end solution on source creation, distribution, management, field application and extension activities. The Cabinet Committee on Economic Affairs chaired by Hon’ble Prime Minister has accorded approval of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) in its meeting held on 1st July, 2015.

 

PMKSY has been formulated amalgamating ongoing schemes viz. Accelerated Irrigation Benefit Programme (AIBP) of the Ministry of Water Resources, River Development & Ganga Rejuvenation (MoWR,RD&GR), Integrated Watershed Management Programme (IWMP) of Department of Land Resources (DoLR) and the On Farm Water Management (OFWM) of Department of Agriculture and Cooperation (DAC). PMKSY has been approved for implementation across the country with an outlay of Rs. 50,000 crore in The major objective of PMKSY is to achieve convergence of investments in irrigation at the field level, expand cultivable area under assured irrigation, improve on-farm water use efficiency to reduce wastage of water, enhance the adoption of precision-irrigation and other water saving technologies (More crop per drop), enhance recharge of aquifers and introduce sustainable water conservation practices by exploring the feasibility of reusing treated municipal waste water for peri-urban agriculture and attract greater private investment in precision irrigation system.

 

PMKSY has been conceived amalgamating ongoing schemes viz. Accelerated Irrigation Benefit Programme (AIBP) of the Ministry of Water Resources, River Development & Ganga Rejuvenation (MoWR,RD&GR), Integrated Watershed Management Programme (IWMP) of Department of Land Resources (DoLR) and the On Farm Water Management (OFWM) of Department of Agriculture and Cooperation (DAC). The scheme will be implemented by Ministries of Agriculture, Water Resources and Rural Development. Ministry of Rural Development is to mainly undertake rain water conservation, construction of farm pond, water harvesting structures, small check dams and contour bunding etc. MoWR, RD &GR, is to undertake various measures for creation of assured irrigation source, construction of diversion canals, field channels, water diversion/lift irrigation, including development of water distribution systems. Ministry of Agriculture will promote efficient water conveyance and precision water application devices like drips, sprinklers, pivots, rain-guns in the farm “(Jal Sinchan)”, construction of micro-irrigation structures to supplement source creation activities, extension activities for promotion of scientific moisture conservation and agronomic measures

 

Programme architecture of PMKSY will be to adopt a ‘decentralized State level planning and projectised execution’ structure that will allow States to draw up their own irrigation development plans based on District Irrigation Plan (DIP) and State Irrigation Plan (SIP). It will be operative as convergence platform for all water sector activities including drinking water & sanitation, MGNREGA, application of science & technology etc. through comprehensive plan. State Level Sanctioning Committee (SLSC) chaired by the Chief Secretary of the State will be vested with the authority to oversee its implementation and sanction projects.

 

The programme will be supervised and monitored by an Inter-Ministerial National Steering Committee (NSC) will be constituted under the Chairmanship of Prime Minister with Union Ministers from concerned Ministries. A National Executive Committee (NEC) will be constituted under the Chairmanship of Vice Chairman, NITI Aayog to oversee programme implementation, allocation of resources, inter ministerial coordination, monitoring & performance assessment, addressing administrative issues etc. five years. For 2015-16, an outlay of Rs.5300 crore has been

The major objective of PMKSY is to achieve convergence of investments in irrigation at the field level, expand cultivable area under assured irrigation, improve on-farm water use efficiency to reduce wastage of water, enhance the adoption of precision-irrigation and other water saving technologies (More crop per drop), enhance recharge of aquifers and introduce sustainable water conservation practices by exploring the feasibility of reusing treated municipal waste water for peri-urban agriculture and attract greater private investment in precision irrigation system.

 

PMKSY has been conceived amalgamating ongoing schemes viz. Accelerated Irrigation Benefit Programme (AIBP) of the Ministry of Water Resources, River Development & Ganga Rejuvenation (MoWR,RD&GR), Integrated Watershed Management Programme (IWMP) of Department of Land Resources (DoLR) and the On Farm Water Management (OFWM) of Department of Agriculture and Cooperation (DAC). The scheme will be implemented by Ministries of Agriculture, Water Resources and Rural Development. Ministry of Rural Development is to mainly undertake rain water conservation, construction of farm pond, water harvesting structures, small check dams and contour bunding etc. MoWR, RD &GR, is to undertake various measures for creation of assured irrigation source, construction of diversion canals, field channels, water diversion/lift irrigation, including development of water distribution systems. Ministry of Agriculture will promote efficient water conveyance and precision water application devices like drips, sprinklers, pivots, rain-guns in the farm “(Jal Sinchan)”, construction of micro-irrigation structures to supplement source creation activities, extension activities for promotion of scientific moisture conservation and agronomic measures

 

Programme architecture of PMKSY will be to adopt a ‘decentralized State level planning and projectised execution’ structure that will allow States to draw up their own irrigation development plans based on District Irrigation Plan (DIP) and State Irrigation Plan (SIP). It will be operative as convergence platform for all water sector activities including drinking water & sanitation, MGNREGA, application of science & technology etc. through comprehensive plan. State Level Sanctioning Committee (SLSC) chaired by the Chief Secretary of the State will be vested with the authority to oversee its implementation and sanction projects.

 

The programme will be supervised and monitored by an Inter-Ministerial National Steering Committee (NSC) will be constituted under the Chairmanship of Prime Minister with Union Ministers from concerned Ministries. A National Executive Committee (NEC) will be constituted under the Chairmanship of Vice Chairman, NITI Aayog to oversee programme implementation, allocation of resources, inter ministerial coordination, monitoring & performance assessment, addressing administrative issues etc.

The primary objectives of PMKSY are to attract investments in irrigation system at field level, develop and expand cultivable land in the country, enhance ranch water use in order to minimize wastage of water, enhance crop per drop by implementing water-saving technologies and precision irrigation. The plan additionally calls for bringing ministries, offices, organizations, research and financial institutions occupied with creation and recycling of water under one platform so that an exhaustive and holistic outlook of the whole water cycle is considered. The goal is to open the doors for optimal water budgeting in all sectors. Tagline for PMKSY is "more crop per drop".

 

The Integrated Watershed Management programme was subsumed into the current PMKSY on 26 October 2015. The core implementation activities of IWMP were unchanged and were as per the Common Guidelines 2008 (Revised 2011) of IWMP. Convergence with other Central and State Government schemes, remains the top of the agenda for the programme towards optimal and judicious utilization of financial resources. Action has also been taken to undertake Natural Resources Management activities by utilizing labour component of MGNREGS and to undertake some of the Entry Point Activities in convergence with Swachh Bharat Mission (Gramin).

Kaushal Vikas Yojana (PMKVY)

 Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE) implemented by National Skill Development Corporation. The objective of this Skill Certification Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood. Individuals with prior learning experience or skills will also be assessed and certified under Recognition of Prior Learning (RPL).

Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a skill development initiative scheme of the Government of India for recognition and standardisation of skills.

The aim of the pmkvy scheme is to encourage aptitude towards employable skills and to increase working efficiency of probable and existing daily wage earners, by giving monetary awards and rewards and by providing quality training to them. Average award amount per person has been kept as ₹8,000. Those wage earners already possessing a standard level of skill will be given recognition as per scheme and average award amount for them is ₹2000 to ₹2500. In the initial year, a target to distribute ₹15 billion has been laid down for the scheme. Training programmes have been worked out on the basis of National Occupational Standards (NOS) and qualification packs specifically developed in various sectors of skills. For this qualification plans and quality plans have been developed by various Sector Skill Councils (SSC) created with participation of Industries. National Skill Development Council (NSDC) has been made coordinating and driving agency for the same.

 

An outlay of ₹120 billion  has been approved by the cabinet for this project. The scheme has a target to train 1 crore Indian youth from 2016-20. As of 18 July 2016, 17.93 lakh candidates were trained out of 18 lakh who enrolled for the scheme.

FASAL BIMA YOJANA (PMFBY)

 PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY)

OBJECTIVES:

- To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.

- To stabilise the income of farmers to ensure their continuance in farming.

- To encourage farmers to adopt innovative and modern agricultural practices.

- To ensure flow of credit to the agriculture sector.

 IMPLEMENTING AGENCY (IA):

The Scheme shall be implemented through a multi-agency framework by selected insurance companies under the overall guidance & control of the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW), Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India (GOI) and the concerned State in co-ordination with various other agencies; viz Financial Institutions like Commercial Banks, Co-operative Banks, Regional Rural Banks and their regulatory bodies, Government Departments viz. Agriculture, Co-operation, Horticulture,Statistics, Revenue, Information/Science & Technology, Panchayati Raj etc.

Highlights of the scheme

There will be a uniform premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops. In case of annual commercial and horticultural crops, the premium to be paid by farmers will be only 5%. The premium rates to be paid by farmers are very low and balance premium will be paid by the Government to provide full insured amount to the farmers against crop loss on account of natural calamities.

There is no upper limit on Government subsidy. Even if balance premium is 90%, it will be borne by the Government.

Earlier, there was a provision of capping the premium rate which resulted in low claims being paid to farmers. This capping was done to limit Government outgo on the premium subsidy. This capping has now been removed and farmers will get claim against full sum insured without any reduction.

The use of technology will be encouraged to a great extent. Smart phones will be used to capture and upload data of crop cutting to reduce the delays in claim payment to farmers. Remote sensing will be used to reduce the number of crop cutting experiments.

PMFBY is a replacement scheme of  NAIS / MNAIS, there will be exemption from Service Tax liability of all the services involved in the implementation of the scheme. It is estimated that the new scheme will ensure about 75-80 per cent of subsidy for the farmers in insurance premium.

Apply-https://pmfby.gov.in/

Atal Pension Yojana

 Atal Pension Yojana-Govt's Pension scheme 

The Government of India is extremely concerned about the old age income security of the working poor and is focused on encouraging and enabling them to join the National Pension System (NPS). To address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily save for their retirement, who constitute 88% of the total labour force of 47.29 crore as per the 66th Round of NSSO Survey of 2011-12, but do not have any formal pension provision, the Government had started the Swavalamban Scheme in 2010-11. However, coverage under Swavalamban Scheme is inadequate mainly due to lack of guaranteed pension benefits at the age of 60.

GoI will also co-contribute 50% of the subscriber’s contribution or Rs. 1000 per annum, whichever is lower. Government co-contribution is available for those who are not covered by any Statutory Social Security Schemes and is not income tax payer.

• GoI will co-contribute to each eligible subscriber, for a period of 5 years who joins the scheme between the period 1st June, 2015 to 31st December, 2015. The benefit of five years of government Co-contribution under APY would not exceed 5 years for all subscribers including migrated Swavalamban beneficiaries.

• All bank account holders may join APY.

Eligibility

• APY is applicable to all citizen of India aged between 18-40 years.

• Aadhaar will be the primary KYC. Aadhar and mobile number are recommended to be obtained from

subscribers for the ease of operation of the scheme. If not available at the time of registration, Aadhar details may also be submitted later stage.

APY aims to help unorganised sector workers save money for their old age while they are working and guarantees returns post retirement. Atal Pension Yojana is a periodic contribution based pension plan and promises a fixed pension of Rs 1000/ Rs 2000/ Rs 3000/ Rs 4000 or Rs 5000.

The Atal Pension Yojana can be availed by all Indian citizens aged between 18 to 40 years. To have an APY account a person must have a saving account either with a bank or with post office of India. Any APY subscriber, who is 18-year-old, needs to contribute Rs 42 to Rs 210 per month.

Suraksha Bima Yojana

 Pradhan Mantri Suraksha Bima Yojana:

An accident insurance scheme, PMSBY offers a one-year accidental death and disability cover, which can be renewed annually.

The cover is for a one-year period, starting June 1 to May 31 of subsequent year. The option to join/pay by auto debit has to be given by May 31 of every year. Subscribers who wish to continue beyond the first year have to give their consent for auto debit before May 31 for successive years.

Under PMSBY, the risk coverage available is Rs 2 lakh for accidental death and permanent total disability, and Rs 1 lakh for permanent partial disability. Permanent total disability is defined as total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of an eyesight and loss of use of a hand or a foot. Permanent partial disability is defined as total and irrecoverable loss of an eyesight or loss of use of a hand or foot.

The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an accident insurance scheme launched by the Government of India. It is also known as the PM Rs. 12 Insurance Scheme. The social security scheme is directed towards people belonging to the lower-income category. This is because unlike several other health insurance policies offered by commercial companies, this scheme does not charge a higher premium.

The policy offers an insurance cover against death, total disability, and partial disability. The insurance premium of Rs 12 for the policy shall be deducted from the registered bank account of the policyholder. People in the age group of 18 to 70 can avail the benefits of PMSBY by providing their Aadhaar card as a Know Your Customer (KYC) document.

 

Features and Benefits of Pradhan Mantri Suraksha Bima Yojana:

The PMSBY gives people from the lower-income group a chance to insure themselves against unfortunate events that can lead to death or disability. Here are the features and benefits of the government scheme.

 

Features of PMSBY        

Benefits of PMSBY

A low-priced policy can be purchased for Rs. 12.               

Accident insurance cover without spending a lot as compared to other policies.

Money is given to the nominee in case of death.             

The welfare of the family in case of death, as the claim amount can be availed by the nominee.

Auto-debit of premium from the bank account.

No regular payment formality worries due to auto-debit facility.

Option to choose a long-term policy or yearly renewability.        

Easy processing of continuous cover.

Easy exit and re-entry measures.            

Flexibility to continue or discontinue as per one’s wish.

It can help save tax.       

Deduction as per Section 80C and Sum Insured of Rs. 1 lakh is non-taxable as per Section 10(10D) of the Income Tax Act.

Coverage of Pradhan Mantri Suraksha Bima Yojana:

Here’s a table highlighting the cover offered by the PMSBY.

 

Event    Claim Amount (Rs.)

An accident leading to policyholder’s death         2 lakhs (given to nominee)

Permanent total disability            2 lakhs

Permanent partial disability         1 lakh

Jeevan Jyoti Bima Yojana(PMJJBY)

 Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY)

The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who give their consent to join / enable auto-debit. Aadhar would be the primary KYC for the bank account. The life cover of Rs. 2 lakhs shall be for the one year period stretching from 1st June to 31st May and will be renewable. Risk coverage under this scheme is for Rs. 2 Lakh in case of death of the insured, due to any reason. The premium is Rs. 330 per annum which is to be auto-debited in one installment from the subscriber’s bank account as per the option given by him on or before 31st May of each annual coverage period under the scheme. The scheme is being offered by Life Insurance Corporation and all other life insurers who are willing to offer the product on similar terms with necessary approvals and tie up with banks for this purpose.

Pradhan Mantri MUDRA Yojana (PMMY)

Pradhan Mantri MUDRA Yojana (PMMY)

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in . Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.

Under the aegis of Pradhan Mantri Mudra Yojana (PMMY), MUDRA has created products/ schemes. The interventions have been named 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth to look forward to :

Shishu : covering loans upto  50,000/-
Kishor : covering loans above  50,000/- and upto 5 lakh
Tarun : covering loans above  5 lakh and upto 10 lakh

With an objective to promote entrepreneurship among the new generation aspiring youth, it is ensured that more focus is given to Shishu Category Units and then Kishore and Tarun categories.

 

Within the framework and overall objective of development and growth of micro enterprises sector under Shishu, Kishore and Tarun, the products being offered by MUDRA are so designed, to meet requirements of different sectors / business activities as well as business/ entrepreneur segments.

 

The funding support from MUDRA are of two types:

 

Micro Credit Scheme (MCS) for loans up to 1 lakh finance through MFIs.

Refinance Scheme for Commercial Banks / Regional Rural Banks (RRBs) / Small Finance Banks / Non Banking Financial Companies (NBFCs).

Micro Credit Scheme:

Micro Credit Scheme is offered mainly through Micro Finance Institutions (MFIs), who deliver the credit up to  1 lakh, for various micro enterprise / small business activities. Although the model of delivery may be through SHGs/JLGs/ Individuals, the loans are given by the MFIs to individual entrepreneurs for specific income generating micro enterprise/ small business activities.

 

Refinance Scheme for Banks/NBFCs

Different banks like Commercial Banks, Regional Rural Banks, Small Finance Banks and NBFCs are eligible to avail of refinance support from MUDRA for financing micro enterprise activities. The refinance is available for term loan and working capital loan up to an amount of  10 lakh per unit. The eligible banks/NBFC, who comply to the requirements as notified, can avail of refinance from MUDRA for the loans given by them for eligible MUDRA compliant activities under Shishu, Kishore and Tarun categories. In order to encourage women entrepreneurs, the financing banks / MFIs may consider extending additional facilities, including interest reduction on their loan. At present, MUDRA extends a reduction of 25bps in its interest rates to MFIs / NBFCs, who are providing loans to women entrepreneurs.

 

Purpose of MUDRA loan

Mudra loan is extended for a variety of purposes which result in income generation and employment creation. The loans are extended mainly for:

 

Business loan for Vendors, Traders, Shopkeepers and other Service Sector activities

Working capital loan through MUDRA Cards

Equipment Finance for Micro Units

Transport Vehicle loans – for commercial use only

Loans for agri-allied non-farm income generating activities, e.g. pisciculture. bee keeping, poultry farming, etc.

Tractors, tillers as well as two wheelers used for commercial purposes only.

Following is an illustrative list of the activities that can be covered under MUDRA loans:

 

1) Transport Vehicle

Purchase of transport vehicles for transportation of goods and passengers such as auto rickshaws, small goods transport vehicles, 3 wheelers, e-rickshaws, taxis, etc. Tractors/Tractor Trolleys/Power Tillers used only for commercial purposes are also eligible for assistance under PMMY. Two Wheelers used for commercial purposes are also eligible for coverage under PMMY.

 

2) Community, Social & Personal Service Activities

Salons, beauty parlours, gymnasium, boutiques, tailoring shops, dry cleaning, cycle and motorcycle repair shops, DTP and Photocopying Facilities, Medicine Shops, Courier Agents, etc.

 

3) Food Products Sector

Activities such as papad making, achaar making, jam/jelly making, agricultural produce preservation at rural level, sweet shops, small service food stalls and day to day catering / canteen services, cold chain vehicles, cold storages, ice making units, ice cream making units, biscuit, bread and bun making, etc.

 

4) Textile Products Sector / Activity

Handloom, powerloom, khadi activity, chikan work, zari and zardozi work, traditional embroidery and hand work, traditional dyeing and printing, apparel design, knitting, cotton ginning, computerized embroidery, stitching and other textile non garment products such as bags, vehicle accessories, furnishing accessories, etc.

 

5) Business loans for Traders and Shopkeepers

Financial support for on lending to individuals for running their shops / trading & business activities / service enterprises and non-farm income generating activities with beneficiary loan size of up to  10 lakh per enterprise / borrower.

 

6) Equipment Finance Scheme for Micro Units

Setting up micro enterprises by purchasing necessary machinery / equipments with per beneficiary loan size of upto  10 lakh.

 

7) Activities allied to agriculture

'Activities allied to agriculture', e.g. pisciculture, bee keeping, poultry, livestock-rearing, grading, sorting, aggregation agro industries, diary, fishery, agri-clinics and agribusiness centres, food & agro-processing, etc.(excluding crop loans, land improvement such as canal, irrigation and wells) and services supporting these, which promote livelihood or are income generating shall be eligible for coverage under PMMY in 2016-17.

 

MUDRA Card

MUDRA Card is a debit card issued against the MUDRA loan account, for working capital portion of the loan. The borrower can make use of MUDRA Card in multiple drawals and credits, so as to manage the working capital limit in cost-efficient manner and keep the interest burden minimum. MUDRA Card also helps in digitalization of MUDRA transactions and creating credit history for the borrower. MUDRA Card can be operated across the country for withdrawal of cash from any ATM / micro ATM and also make payment through any ‘Point of Sale’ machines.

Sukanya Samridhi Yojana

 
Sukanya Samriddhi Account Scheme

Introductory:

 Account can be opened in the name of a girl child till she attains the age of 10 years.

Only one account can be opened in the name of a girl child.

Account can be opened in Post office and branches of authorised banks.

Birth certificate of girl child in whose name the account is opened must be submitted.

Account can be opened with a minimum of Rs. 250/- and thereafter any amount in multiple of Rs. 100/- can be deposited. A minimum of Rs. 250/- must be deposited in a Financial year.

Maximum Rs. 1,50,000/- can be deposited in a financial year.

Interest @ as may be notified by the government from time to time will be calculated on yearly compounded basis and credited to the account.

One withdrawal shall be allowed on attaining the age of 18 years of account holder to meet education expenses upto 50 % of the balance at the credit of preceding financial year.

The account can be transferred anywhere in India from one post office/bank to another.

The account shall mature on completion of 21 years from the date of opening of account or on the marriage of Account holder whichever is earlier.

PRADHAN MANTRI AWAAS YOJANA-GRAMIN

 

PRADHAN MANTRI AWAAS YOJANA-GRAMIN

ABOUT US

1.Public housing programme in the country started with the rehabilitation of refugees immediately after independence and since then, it has been a major focus area of the Government as an instrument of poverty alleviation. Rural housing programme,as an independent programme , started with Indira Awaas Yojana (IAY) in January 1996. Although IAY addressed the housing needs in the rural areas, certain gaps were identified during the concurrent evaluations and the performance Audit by Comptroller and Auditor General (CAG) of India in 2014. These gaps, i.e. nonassessment of housing The shortage, lack of transparency in selection of beneficiaries, low the quality of the house and lack of technical supervision, lack convergence, loans not availed by beneficiaries and weak the mechanism for monitoring was limiting the impact and outcomes of the programme.

 

2.To address these gaps in the rural housing program and in view of Government’s commitment to providing “Housing for All’’ by the scheme 2022, the of has IAY has been re-structured into Pradhan Mantri Awaas Yojana –Gramin (PMAY-G) w.e.f. 1st April 2016.

 

3.PMAY-G aims at providing a pucca house, with basic amenities, to all houseless householder and those households living in kutcha and dilapidated house, by 2022. The immediate the objective is to cover 1.00 crore household living in kutcha house/dilapidated house in three years from 2016-17 to 2018- 19.The minimum size of the house has been increased to 25 sq.mt (from20sq.mt) with a hygienic cooking space. The unit assistance has been increased from Rs. 70,000 to Rs. 1.20 lakh in plain and from Rs75,000 to Rs 1.30 lakh in hilly states, difficult areas and IAP district. The beneficiary is entitled to 90.95 person day of unskilled labour from MGNREGS. The assistance for construction of toilet shall be leveraged though convergence with SBM-G, MGNREGS or any other dedicated the source of funding. Convergence for piped drinking water, electricity connection, LPG gas connection etc. different Government programmers are also to be attempted.

 

4.The cost of unit assistance is to be shared between Central and State Government in the ratio 60:40 in plain areas and 90:10 for North Eastern and the Himalayan States. From the annual budgetary grant for PMAY-G,90% of funds is to be released to States/UTs for the construction of new house under PMAY-G This would also include 4%allcation towards Administrative expenses .5%of the budgetary grant is to be retained at the central Level as reserve found for special Projects. The annual allocation to the states is to be based on the Annual Action Plan (AAP) approved by the Empowered Committee and the found to States /UTs is to be released in tow equal installments.

 

5.Once of the most important features of PMAY-G is the selection of beneficiary. To ensure that assistance is targeted at those who are genuinely deprived and that the selection is objective and verifiable, PMAY-G instead of selecting a the beneficiary from among the BPL households selects beneficiary using housing deprivation parameters in the Socio Economic and Caste Census (SECC), 2011 date which is to be verified by the Gram Sabhas. The SECC data captures specific deprivation related to housing among households. Using the data households that are houseless and living in 0,1 and 2 kutcha wall and kutcha roof houses can be segregated and targeted . The Permanent Wait List so generated also ensures that the states have the ready list of the household to be covered under the scheme in the coming years (through Annual Select Lists) leading to better planning of implementation. To adders grievances in beneficiary selection an appellate process has also been put in place.

 

6.Towards better quality of construction, setting up of a Nation Technical Support Agency (NTSA) at the national level is envisaged. One of the major constraints in quality house construction is the lack of the sufficient number of skilled masons. To address this, a pan-India training and certification programme of Masons has been launched in the States/UTs. This will, in addition, and career progression for rural masons. For timely construction/completion to ensure good quality of house construction, it has also been envisaged to tag a PMAY-G the beneficiary with a field level Government functionary and a Rural Mason.

 

7.The beneficiary to be assisted by in-house construction with a bouquet of house design typologies inclusive of disaster resilience features the are suitable to their local geo-climatic conditions . These designs are developed through an elaborate public consultative process. This exercise will ensure that the beneficiary does not over-construct in the initial stages of house building which often results in the incomplete house or the beneficiary is forced to borrow money to complete the house.

 

8.In PMAY-G, programme implementation and monitoring is to be carried out through an end to end e-Governance model- Using AwaasSoft and Awaas App. While AwaasSoft is a work –flow enabled, web-based electronic service delivery platform through which all critical function of PMAY-G, right from identification of beneficiary to providing construction linked assistance (throghPFMS),will be carried out; AwaasApp-a the mobile application is to be used to monitor real time, evidence based progress of house construction through date and time stamped and georeferenced photographs of the house. The tow IT application help identify the slip ups in the achievement of targets during the course of implementation of the programme. All payments to beneficiary is to be through DBT to beneficiary’s Bank/post office accounts registered in Awaas SoftMIS.

 

9.The States have to come up with their Annual Action Plan of PMAY-That will include a plan for convergence in with other Government programme . The mechanism for convergence in PMAY-G is also to be strengthened through a system to system real-time transfer of information between the programme that are to converge with PMAY-G.

 

10.A willing beneficiary is to be facilitated to avail institution finance up to Rs.70,000.-which would be monitored through the SLBC, DLBC and DLBC.

 

11.The programme implementation is to be monitored not only electronically, but also through community participation (Social Audit), Member of Parliament (DISHA Committee), Central and State Government officials, National Level Monitors etc.

PM Ujjwala Yojana- INFORMATION OF GOVERNMENT SCHEME

 PM Ujjwala Yojana(PMUY)

Scheme

India is home to more than 24 Crore households out of which about 10 Crore households are still deprived of LPG as cooking fuel and have to rely on firewood, coal, dung – cakes etc. as primary source of cooking. The smoke from burning such fuels causes alarming household pollution and adversely affects the health of Women & children causing several respiratory diseases/ disorders. As per a WHO report, smoke inhaled by women from unclean fuel is equivalent to burning 400 cigarettes in an hour. In addition, women and children have to go through the drudgery of collecting firewood.

 

Pradhan Mantri Ujjwala Yojana (PMUY) aims to safeguard the health of women & children by providing them with a clean cooking fuel – LPG, so that they don’t have to compromise their health in smoky kitchens or wander in unsafe areas collecting firewood.

Pradhan Mantri Ujjwala Yojana was launched by Hon’ble Prime Minister Shri Narendra Modi on May 1st, 2016 in Ballia, Uttar Pradesh. Under this scheme, 5 Cr LPG connections will be provided to BPL families with a support of Rs.1600 per connection in the next 3 years. Ensuring women’s empowerment, especially in rural India, the connections will be issued in the name of women of the households. Rs. 8000 Cr. has been allocated towards the implementation of the scheme. Identification of the BPL families will be done through Socio Economic Caste Census Data.

 

PMUY is likely to result in an additional employment of around 1 Lakh and provide business opportunity of at least Rs. 10,000 Cr. over the next 3 Years to the Indian Industry. Launch of this scheme will also provide a great boost to the ‘Make in India’ campaign as all the manufacturers of cylinders, gas stoves, regulators, and gas hose are domestic.

 

The launch of PMUY in Ballia was followed by launch of the scheme in Dahod in  Gujarat by Petroleum Minister Shri Dharmendra Pradhan & BJP President Shri Amit Shah. PMUY has also been launched in several districts in UP & Bihar.

Pradhan Mantri Jan-Dhan Yojana (PMJDY)

Scheme Details

 

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, a basic savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner. Under the scheme, a basic savings bank deposit (BSBD) account can be opened in any bank branch or Business Correspondent (Bank Mitra) outlet, by persons not having any other account.

 

 

Benefits under PMJDY

One basic savings bank account is opened for unbanked person.

There is no requirement to maintain any minimum balance in PMJDY accounts.

Interest is earned on the deposit in PMJDY accounts.

Rupay Debit card is provided to PMJDY account holder.

Accident Insurance Cover of Rs.1 lakh (enhanced to Rs. 2 lakh to new PMJDY accounts opened after 28.8.2018) is available with RuPay card issued to the PMJDY account holders.

Life Insurance Cover of Rs. 30,000 to eligible PMJDY account holders who opened their account for the first time between 15.8.2014 to 31.1.2015 is available.

An overdraft (OD) facility up to Rs. 10,000 to eligible account holders is available.

PMJDY accounts are eligible for Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pendion Yojana (APY), and Micro Units Development & Refinance Agency Bank (MUDRA) scheme.