Posts in category

Finance


What is Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY)?

The Mahatma Gandhi Suraksha Pravasi Yojana (MGPSY), a voluntary yojana with the objective of protection and welfare of the emigrant workers and to address their social security issues in Emigration check required (ECR) countries, was launched in May 2012. However, the Scheme did not get a positive response and the same has been closed on …

Pravasi Bharatiya Bima Yojana, 2017

About The Pravasi Bharatiya Bima Yojana (PBBY) is an important insurance scheme aimed at safeguarding the interests of Indian emigrant workers falling under Emigration Check Required (ECR) category going for overseas employment to ECR countries. The Scheme, inceptionally launched in 2003, has been amended in 2006, 2008 and 2017 with the overarching objective of strengthening …

What is Sukanya Samridhi Yojana (Girl Child Prosperity Scheme)?

Sukanya Samridhi Yojana was launched by Prime Minister Narendra Modi on 22 January 2015 as a part of the Beti Bachao, Beti Padhao campaign. This Yojana offers a small deposit investment for the girl children. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child.  This is a national initiative jointly run by the Ministry …

There is a huge unemployment problem India facing for a long time. Due to lack of knowledge and shortage of vocational institutes to train individuals in specialized skills industries cannot find suitable workforce despite large population. To solve this issue a scheme is launched by the government of India namely Pradhan Mantri Kaushal Vikas Yojna. This scheme will definitely …

What is Pradhan Mantri Adarsh Gram Yojana

Pradhan Mantri Adarsh Gram Yojana is sponsored by the central government of India. This scheme is launched for integrated development of Scheduled Castes (SC) majority villages having SC Population concentration > 50%. The Convergent implementation of existing Schemes of the Centre and State Governments. The works which could not be covered under the above, to be taken up …

What is Rashtriya Swasthiya Bima Yojana (RSBY)

Objective of Rashtriya Swasthiya Bima Yojana Recognizing the diversity with regard to public health infrastructure, socio-economic conditions and the administrative network, the health insurance scheme aims to facilitate launching of health insurance projects in all the districts of the States in a phased manner for BPL workers. The workers in the unorganized sector constitute about 93% of …

What is Employment State Insurance Scheme (ESIS)

Employee’s State Insurance Scheme (ESIS) is a multidimensional and an integrated social security system customized to offer ‘protection’ to the employees. This was introduced as per the ‘Employees State Insurance Act, 1948’. According to this Act, the ESIS will provide help in case of sickness, death due to employment, injury, maternity, temporary or permanent disablement …

What is Janani Suraksha Yojana

Janani Suraksha Yojana is launched by the Indian government on 2 April 2005 by the Prime Minister of India on the birth anniversary of Kasturba Gandhi. It is being implemented with the objective of reducing maternal and infant mortality by promoting institutional delivery among pregnant women. The scheme is under implementation in all states and Union Territories (UTC), with …

Prime Minister National Relief Fund

Prime Minister’s National Relief Fund (PMNRF) in India is the fund issued to provide help to people suffering from natural and man-made disasters. Natural disasters covered under this are flood, cyclone, earthquake etc. Man-made disasters covered under this fund are major accidents, acid attacks, riots etc. The Prime Minister’s National Relief Fund (PMNRF) was established in 1948, with …

minimum wage in india

The Indian Constitution has defined a ‘living wage’ that is the level of income for a work which will ensure a basic standard of living including good health, dignity, comfort, education and provide for any contingency. However, to keep in mind an industry’s capacity to pay the constitution has defined a ‘fair wage’. A fair wage is …