Posts in category

Finance


To decrease the challenge of rural poverty, the Ministry of Rural Development introduced a scheme, named as National Rural Livelihood Mission (NRLM) in the year 2010. Later on, NRLM was renamed as DAY-NRLM (Deendayal Antyodaya Yojana – National Rural Livelihood Mission) with effect from March 29, 2016. This scheme is regulated by the Central and …

Prime Minister's Employment Generation Programme (PMEGP)

There were two Indian government schemes were running till 2008 namely Prime Minister’s Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) which government has merged and introduced a new program known as Prime Minister’s Employment Generation Programme. This scheme is administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME). The main objectives of this …

Pradhan Mantri Jan Vikas Karyakram

The Scheme For the renaming and restructuring of Multi-sectoral Development Programme, The cabinet committee on economic affairs has introduced a programme called Pradhan Mantri Jan Vikas Karyakram (PMJVK). The restructured scheme is to be implemented during the remaining period of the 14th Finance Commission ie. March 31, 2020. The MCDs were identified on the basis of census …

What is Pradhan Mantri Matru Vandana Yojana

Under – sustenance proceeds to unfavourably influence larger part of ladies in India. In India, each third lady is undernourished and consistently lady is weak. An undernourished mother unavoidably brings forth a low birth weight child. At the point when poor nourishment begins in the womb, it reaches out for the duration of the existing …

What are the different Agriculture Loan Schemes in India

Agriculture is the backbone of Indian economy and it definitely comes as no surprise to see financial institutions offer monetary help to farmers all across the country. Agricultural loans are available for different kinds of farming-related activities.  Types of Agricultural Loans in India One can avail a loan for the following activities related to agriculture: …

How to Apply for Pan Card

The Permanent Account Number, particularly known as the PAN card is an important document to carry out the most basic financial transactions, such as opening a bank account or even applying for a credit card. The PAN card is a 10-digit alphanumeric value allotted by the income tax department to an individual, company or Hindu Undivided Family (HUF). In order …

What is Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

For the growth of the poor and low-income section of society,  the government of India has launched a new unique life insurance scheme, named as  ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’. This insurance plan is available for the people with the age group 18- 50 years. PMJJBY is a one-year life insurance scheme, which is renewable from year …

What is Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Understanding the pain of the poor, the Indian government came up with the PMSBY scheme after the huge success of Pradhan Mantri Jan Dhan Yojana scheme. PMSBY was originally introduced by finance minister Mr Arun Jaitley in the budget speech of February 2015 and was launched by Prime Minister Narendra Modi on 9 May in Kolkata. It is the social …

What is Atal Pension Yojana (APY)

The Atal Pension Yojana scheme helps the debilitated section of society to save up for their old age and get a guaranteed monthly pension amount. Under this plan, the subscriber will receive a fixed pension after the age of 60, depending on his contribution amount and tenure. This scheme was introduced by the government of India …

What is Pradhan Mantri Mudra Yojana

The Pradhan Mantri MUDRA Yojana (PMMY) is a scheme announced by the Union Government of India on April 8, 2015. The purpose of PMMY is to provide funding to the non-corporate small business sector. Non- Corporate Small Business Segment (NCSBS) consists of millions of proprietorship/ partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/ …

What is Stand Up India Scheme

In a noble effort to not only acknowledge but also address challenges faced by entrepreneurs who are women or are members of the SC/ST community who are looking to obtain a loan to launch their own business venture, Prime Minister Narendra Modi launched the Stand-Up India Scheme in April of 2016. The main objective of this scheme …