In India, a significant portion of the population lives below the poverty line. The government of India has implemented various schemes to uplift the poor and needy. These schemes are known as Sarkari Yojana. The objective of these schemes is to provide financial assistance and other benefits to the people in need. These schemes cater to various sections of the society, such as women, farmers, students, and senior citizens.
Let’s delve deeper into some of the popular Sarkari Yojanas and their benefits.
1. Pradhan Mantri Jan Dhan Yojana (PMJDY)
PMJDY was launched in 2014 to provide financial inclusion to the poor and underprivileged. Under this scheme, every family in India can open a bank account without any minimum balance requirement. The scheme also offers various benefits such as overdraft facility, accident insurance cover, and life insurance cover.
2. Pradhan Mantri Suraksha Bima Yojana (PMSBY)
PMSBY is an accident insurance scheme launched in 2015. The scheme provides accident insurance cover to individuals in the age group of 18 to 70 years at a premium of just Rs. 12 per annum. The scheme offers a sum assured of Rs. 2 lakhs in case of death or permanent disability due to an accident.
3. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
PMJJBY is a life insurance scheme launched in 2015. The scheme provides life insurance cover to individuals in the age group of 18 to 50 years at a premium of just Rs. 330 per annum. The scheme offers a sum assured of Rs. 2 lakhs in case of the death of the insured due to any reason.
4. Pradhan Mantri Fasal Bima Yojana (PMFBY)
PMFBY is an agricultural insurance scheme launched in 2016. The scheme provides insurance cover to farmers for their crops in case of natural calamities such as drought, flood, or cyclone. The scheme offers a premium subsidy to farmers to reduce their financial burden in case of crop loss.
5. Pradhan Mantri Awas Yojana (PMAY)
PMAY was launched in 2015 to provide affordable housing to the urban poor. The scheme aims to provide pucca houses to all eligible beneficiaries by the year 2022. The scheme provides financial assistance in the form of a subsidy on home loans for the construction or purchase of a house.
6. Sukanya Samriddhi Yojana (SSY)
SSY is a savings scheme launched in 2015 for the girl child. The scheme offers an attractive interest rate of 7.6% per annum and a tax benefit of up to Rs. 1.5 lakhs under Section 80C of the Income Tax Act. The scheme also offers partial withdrawal for the girl child’s education or marriage after she attains the age of 18 years.
7. Pradhan Mantri Matru Vandana Yojana (PMMVY)
PMMVY is a maternity benefit scheme launched in 2017. The scheme provides financial assistance of Rs. 5,000 to pregnant women for the birth of their first child. The scheme also provides financial assistance of Rs. 1,000 for the registration of the child’s birth and immunization.
8. Atal Pension Yojana (APY)
APY is a pension scheme launched in 2015. The scheme aims to provide a pension to individuals in the unorganized sector. The scheme offers a fixed pension ranging from Rs. 1,000 to Rs. 5,000 per month after the age of 60 years, depending on the contribution made by the subscriber. The scheme also offers a co-contribution from the government of up to 50% of the subscriber’s contribution or Rs. 1,000 per annum, whichever is lower, for a period of 5 years.
9. National Social Assistance Programme (NSAP)
NSAP is a social security scheme launched in 1995. The scheme provides financial assistance to the elderly, widows, and disabled individuals living below the poverty line. The scheme offers a monthly pension of Rs. 200 to Rs. 500 per month to eligible beneficiaries.
10. Pradhan Mantri Garib Kalyan Yojana (PMGKY)
PMGKY was launched in 2016 to provide relief to the poor and underprivileged during the demonetization drive. The scheme offers a one-time amnesty scheme for individuals to declare their undisclosed income and assets. The scheme also offers a penalty of 50% and a surcharge of 25% on the declared income.
These are just a few of the many Sarkari Yojanas implemented by the government of India. These schemes offer financial assistance and other benefits to the people in need. The government also regularly updates and improves these schemes to cater to the changing needs of the society.
However, despite the government’s efforts, many people are still unaware of these schemes and their benefits. The government should take measures to increase awareness about these schemes and make them more accessible to the people.
Sarkari Yojanas have the potential to uplift the poor and underprivileged in India. The schemes offer financial assistance and other benefits to various sections of the society, such as women, farmers, students, and senior citizens. The government should continue to implement and improve these schemes to ensure that they reach the people in need.