SchemesTap_Booster___RBI_and_NABARD_2024_lyst1724267314938.pdf

RBI Grade B 2024 NABARD Grade A 2024 APRIL 2024 AUGUST 2024 Summary of All Important Government Schemes 1|P a g e Note: This booster PDF will be updated with few more schemes on 22nd August 2024 Ministry of Finance National Pension System Launch – 2004 (except for armed forces) - available to All Citizens of India from May 01, 2009 Nodal Ministry – Ministry of Finance Implementing Agency – PFRDA (Pension Fund Regulatory and Development Authority) o Central Recordkeeping Agency – Protean eGov Technologies Ltd (earlier known as National Securities Depository Ltd) Eligibility: o All Citizen Model ▪ Any Indian Citizen, (resident or non-resident) or an Overseas Citizen of India between age of 18 - 70 years ▪ Hindu Undivided Families and Persons of Indian Origin are not eligible o Central Government / Central Autonomous Bodies (CABs) ▪ All new employees of Central Government service (except Armed Forces) and Central Autonomous Bodies joining Government service on or after 1st January 2004 o State Government / State Autonomous Bodies ▪ All employees of State Governments, State Autonomous Bodies joining services after date of notification by respective State Governments o Corporate Model ▪ Citizen of India, be it a resident, a non-resident or an Overseas Citizen of India between 18 and 70 years of age ▪ Available to: Entities registered under the Companies Act, 2013, Public Sector Enterprises or a government company, Trusts/Society, Foreign companies (Indian employee), Foreign/diplomatic missions operating in India (Indian employee), International organizations operating in India (Indian employee) etc. Key Features: CRA issues a Permanent Retirement Account Number (PRAN) to each subscriber (Unique number portable across locations and employments) NPS is structured into 2 tiers: o Tier-I account – non-withdrawable permanent retirement account into which accumulations are deposited and invested as per option of subscriber o Tier-II account – Voluntary withdrawable account which is allowed only when there is an active Tier I account in the name of the subscriber Additional deduction: o For investment up to ₹50,000 in NPS (Tier I account) is available exclusively to NPS subscribers under subsection 80CCD (1B) ▪ Over and above deduction of ₹1.5 lakh available under section 80C of Income Tax Act, 1961 PFRDA has permitted subscribers who join after age of 65 years, to allocate up to 50% of the funds in equity On exit condition, for subscribers joining NPS beyond age of 65 years, normal exit shall be after 3 years (5 years otherwise) o Exit before completion of 3 years will be treated as 'premature exit' o In premature exit, if corpus is less than ₹2.5 lakh, subscriber may opt to withdraw the entire accumulated amount in one go Partial Withdrawal can happen maximum of 3 times during entire tenure of subscription if the subscriber has completed at least 3 years from the date of joining o Can withdraw up to 25% of contribution at any time, excluding those made by your employer, if any o Circumstances for Partial Withdrawal – Higher education for your children, Marriage of your children, etc. Atal Pension Yojana Launch – 2015 (Replaced Swavalamban scheme) Nodal Ministry – Ministry of Finance Implementing Agency – Pension Fund Regulatory and Development Authority (PFRDA) o Under overall administrative and institutional architecture of National Pension System (NPS) Aim – To create a universal social security system for all Indians, especially poor, under-privileged, and workers in the unorganised sector. Eligibility: o Applicable to all citizens of India aged between 18-40 years o Open to all savings bank account/ post office savings bank account holders o From 1st October, 2022 - any citizen who is or has been an income-tax payer on date of making application, not eligible ▪ If on a later date, he or she becomes income-tax payer then there shall not be any effect on their APY account Type – Central Sector Scheme Key Features 2|P a g e Aadhaar number desirable (not mandatory) at time of enrolment, Aadhaar details to be submitted in due course of time, if not submitted at time of enrolment, for benefits Multiple APY accounts are not permitted Guaranteed minimum monthly pension by Central Government: o To subscribers of ₹1000 or ₹2000 or ₹3000 or ₹4000 or ₹5000 after age of 60 years, based on contributions o After subscriber’s death, spouse of subscriber entitled to receive same pension amount o After demise of both subscriber and spouse, nominee entitled to receive pension wealth, as accumulated till age 60 of subscriber Contributions can be on monthly / quarterly / half-yearly basis Subscribers Contribution: o Joins at 18 yrs – Contribution on monthly basis between ₹42 (for ₹1000 monthly pension) to ₹210 (for ₹5000 monthly pension) o Joins at 40 yrs – Contribution on monthly basis between ₹291 (for ₹1000 monthly pension) to ₹1454 (for ₹5000 monthly pension) Automatic closure of APY account after 24 months of non-payment of contribution (frozen after 6 months, deactivated after 12 months) Co-contribution of Government of India available for 5 years from 2015-16 to 2019-20 o For subscribers, who join from 1st June, 2015 to 31st March, 2016 and who are not covered by any Statutory Social Security Scheme and are not income tax payers o 50% of total contribution subject to a maximum of ₹1000/- (whichever is lower) Voluntary exit permitted – In case of Government co-contribution, only contributions by beneficiary refunded along with net actual accrued income earned on his contributions (after deducting account maintenance charges) Premature death of subscriber (before 60 years of age): o Spouse of subscriber can continue contribution for remaining vesting period, till original subscriber would have attained age of 60 years (maintained in spouse’s name) o Spouse of subscriber shall be entitled to receive same pension amount as subscriber ▪ Or, entire accumulated corpus returned to spouse/nominee Existing NPS subscriber can also subscribe to APY, if he/she meets basic eligibility criteria Pradhan Mantri Suraksha Bima Yojana (PMSBY) Launch – 2015 Ministry of Finance Aim - To provide insurance cover to common people especially poor and under-privileged sections & enhance the level of insurance penetration in the country. Target Coverage - 37 crore (earlier - 22 crore) Eligibility Criteria – o People in the age group 18 to 70 years with individual bank/ Post office account o In case of multiple accounts in 1 or different banks/ Post office, person can join the scheme through 1 account only o NRIs holding bank account with a bank branch located in India o Institutional account holders are not eligible o Joint account holders can join scheme by paying insurance premium separately Premium - ₹20/- (earlier ₹12) per annum per member Protection against death or disability due to accident Risk coverage – o Rs. 2 lakh for accidental death and permanent total disability o Rs. 1 lakh for permanent partial disability Death/disability due to natural calamities (such as earthquake, flood etc) as well as death due to murder are covered in PMSBY, while death due to suicide is not covered Accident cover of the member shall terminate - On attaining age 70 years, Closure of account with the Bank Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Launch Year – 2015 Ministry of Finance Offered by Life Insurance Corporation (LIC) and all other life insurers who are willing to join the scheme and tie-up with banks. Aim - To provide insurance cover to common people especially poor and the under-privileged sections of the society. Target Coverage - 15 crore beneficiaries (earlier 6.4 crore) Eligibility Criteria – 3|P a g e o People in age group of 18 to 50 years having a savings bank or a post office account who give their consent to join/enable auto- debit. o Subject to annual renewal, benefits are available till the age of 55 (entry, however, not possible beyond age of 50 years) o In case of multiple accounts in one or different banks/ Post office, the person is eligible to join the scheme through one account only. Premium - ₹436 (earlier ₹330) per annum per member and is renewable every year. Provides life coverage of ₹2 lakh for 1 year. Risk Coverage – ₹2 Lakh in case of death for any reason Risk cover is applicable only after the first 30 days (earlier - 45 days) of enrolment (lien period) Pradhan Mantri Jan Dhan Yojana (PMJDY) Launch – 2014 Ministry of Finance Aim - To expand and make affordable access to financial services Eligible Beneficiaries - Persons not having any other account Focus shift from ‘Every Household’ to 'Every Unbanked Adult'. Provision of zero balance bank accounts. RuPay Debit card is provided to PMJDY account holder Accident Insurance Cover - ₹2 lakh (earlier Rs 1 Lakh) o for accounts opened after 28 August 2018 Overdraft (OD) facility up to ₹10,000 (earlier Rs. 5000) o Age limit for OD facility: 18-65 years (After satisfactory operation of the account for 6 months) o No conditions attached up to ₹2,000 Life insurance cover of ₹30,000 PMJDY account is treated as inoperative if there are no customer induced transactions in the account for over a period of 2-years. Jan Dhan Darshak App: To provide a citizen centric platform for locating banking touch points such as bank branches, ATMs, Bank Mitras, Post Offices, etc. Mahila Samman Savings Certificates, 2023 Launch – 2023 Ministry of Finance Tenure - 1st April 2023 to 31st March 2025 One-time small savings scheme for women investors to encourage investments. Account can be opened by – o Woman for herself o Guardian on behalf of a minor girl o An individual may open any number of accounts subject to the maximum limit for deposit specified above and a time gap of 3- months shall be maintained between the existing account and opening of other account. Investment limit – o Minimum - ₹1000 (and any sum in multiples of Rs 100) o Maximum - ₹2 lakh o no subsequent deposit shall be allowed in that account Deposit shall mature on completion of 2 years from date of deposit Offers fixed interest of 7.5% interest compounded quarterly Partial withdrawal – o After 1st year from date of account opening but before account's maturity o Account holder can withdraw a maximum of 40% of the balance. Premature closure of account allowed at any time after 6 months of opening but with interest rate reduced by 2%. Pradhan Mantri Mudra Yojana (PMMY) Launch – 2015 Ministry of Finance 4|P a g e Scheme managed by - National Credit Guarantee Trustee Company Ltd. (NCGTC) Aim - Financing of small business enterprises in manufacturing, trading and service sectors including activities allied to agriculture such as poultry, dairy, beekeeping etc by way of providing Term Loan and/or Working Capital Eligible Applicants: o Any Indian Citizen including women, proprietary concern, partnership firm, private limited company or any other entity who is eligible to avail of loan and has a business plan for income generating activity Components: o Shishu – covering loans upto ₹50,000 o Kishor – covering loans above ₹50,000 and upto ₹5 lakhs o Tarun – covering loans above ₹5 lakh and up to ₹20 lakhs (increased in Union Budget 2024-25, earlier ₹10 lakhs) MUDRA - Stands for Micro Units Development and Refinance Agency Ltd is a refinance agency and not a direct lending institution, it provides refinance support to its intermediaries. Loan proposal should be for setting up of a new/upgrading an existing Micro business enterprises. No processing fee for loans up to ₹50,000/- (Shishu category) Banks to not insist for collateral security for loans up to ₹10 lakh extended to units in the Micro and Small Enterprises (MSE) sector Stand-Up India Scheme (SUPI) Launch – 2016 Ministry of Finance Objective - To facilitate bank loans between ₹10 lakh to ₹1 crore to at least 1 Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least 1-woman borrower per bank branch for setting up a greenfield enterprise. Tenure - Till 2025, Extended in 2019-20 for entire period coinciding with 15th Finance Commission period of 2020-25 Beneficiaries – o SC/ST and/or Women entrepreneurs above 18 years of age o Loans are available only for greenfield projects (1st time venture of beneficiary) o For non-individual entreprises, 51% of shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur o Borrower should not be in default to any bank/financial institution Enterprise may be in – Manufacturing, Services, Agri-allied activities, Trading sector Scheme operated by all the branches of Scheduled Commercial Banks in India Composite loan of 85% of project cost inclusive of term loan and working capital o Repayable in 7 years with a maximum moratorium period of 18 months o Minimum 10% of project cost to be borne by borrower. Online portal "Standupmitra" - developed by SIDBI Sukanya Samriddhi Yojana Launch – 2015 Ministry of Finance Aim – To ensure a bright future for the girl children by facilitating their education and marriage expenses Sukanya Samriddhi account can be opened up to age of 10 years only from the date of birth o only one account per girl child Minimum amount that can be deposited in a year: ₹250, Maximum limit is ₹1.5 lakh Deposits can be made till the completion of 15 years (from the date of opening of account) Account will be valid for 21 years from the date of opening, after which it will mature, and the money will be paid to the girl child Account will automatically close if girl child gets married before completion of tenure of 21 years Sovereign Gold Bond Scheme Launch – 2015 Nodal Ministry: Ministry of Finance Issued By: Reserve Bank of India (RBI) on behalf of Government of India Eligibility: Resident individuals, Hindu Undivided Family (HUF), Trusts, Universities and Charitable Institutions Denomination: In multiples of gram(s) of gold with a basic unit of 1 gram 5|P a g e Tenor: 8 years with option of premature redemption after 5th year to be exercised on date on which interest is payable Investment limit per fiscal year: o Minimum permissible investment: 1 gram of gold o Individual limit: 4 kg for individuals, 4 Kg for Hindu Undivided Family (HUF) o 20 Kg for Trusts and similar entities notified by Government from time to time o In case of joint holding, investment limit of 4 Kg applied to first applicant only o Annual ceiling includes SGBs subscribed under different tranches, and those purchased from secondary market Issue price: Price of Bond fixed in Indian Rupees on the basis of simple average of closing price of gold of 999 purity, published by India Bullion and Jewellers Association (IBJA) Limited for last 3 working days of week preceding subscription period. Payment option: Investors can pay through cash (up to a maximum of ₹20,000), online and digital modes, cheque, or demand draft through electronic banking. Issuance form: Issued as Government of India Stock under Government Securities Act, 2006; eligible for conversion into demat form. Redemption price: Based on the simple average of closing price of gold of 999 purity, of previous 3 working days published by IBJA Ltd Sold through: Scheduled Commercial banks (except Small Finance Banks, Payment Banks and Regional Rural Banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges like National Stock Exchange and Bombay Stock Exchange Interest rate: Fixed rate of 2.50% per annum payable semi-annually on nominal value. Tax treatment: o Interest on Gold Bonds taxable as per provisions of Income Tax Act, 1961 o Capital gains tax arising on redemption of SGB to an individual is exempted Loan collateral: Can be used as collateral for loans Bond format: Available both in demat and paper form Transferability: Can be transferred to any other eligible investor For Non-Resident Indians: May get security transferred in his name on account of being a nominee of a deceased investor. Premature redemption: Provided Non-Resident investor need to hold security till premature redemption or till maturity. Ministry of New and Renewable Energy PM-Surya Ghar: Muft Bijli Yojana Launch – 2024 Nodal Ministry – Ministry of New & Renewable Energy Aim – Installing rooftop solar and providing free electricity up to 300 units every month for 1 Crore households Financial Outlay – ₹75,021 crore Central Financial Assistance (CFA) for Residential Rooftop Solar: o 60% of system cost for 2 kW systems and 40% of additional system cost for systems between 2 to 3 kW capacity o CFA will be capped at 3 kW: At current benchmark prices - subsidy ▪ ₹30,000 for 1 kW system ▪ ₹60,000 for 2 kW systems ▪ ₹78,000 for 3 kW systems or higher Eligibility: o Applicant must be an Indian citizen o Must own a house with a roof that is suitable for installing solar panels o Household must have a valid electricity connection o Household must not have availed of any other subsidy for solar panels Key Features Households will apply for subsidy through National Portal and will be able to select a suitable vendor for installing rooftop solar Households will be able to access collateral-free low-interest loan products of around 7% at present for installation of residential RTS systems up to 3 kW A Model Solar Village will be developed in each district of the country to act as a role model for adoption of rooftop solar in rural areas Urban Local Bodies and Panchayati Raj Institutions shall also benefit from incentives for promoting Rooftop Solar (RTS) installations in their areas It provides a component for payment security for renewable energy service company (RESCO) based models as well as a fund for innovative projects in RTS Outcome and Impact: o Households will be able to save electricity bills as well as earn additional income through sale of surplus power to Distribution Companies (DISCOMs) 6|P a g e ▪ A 3-kW system will be able to generate more than 300 units a month on an average for a household o Will result in addition of 30 GW of solar capacity through rooftop solar in residential sector ▪ generating 1000 Billing unit (BUs) of electricity and resulting in reduction of 720 million tonnes of CO 2 equivalent emissions over 25-year lifetime of rooftop systems o Will create around 17 lakh direct jobs in manufacturing, logistics, supply chain, sales, installation, O&M and other service. Ministry of Heavy Industries and Public Enterprises Electric Mobility Promotion Scheme 2024 (EMPS 2024) Launch Year – 2024 Nodal Ministry – Ministry of Heavy Industries Objective – To provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country Type – Central Sector Scheme Tenure – 1st April 2024 to 31st July 2024 earlier, extended till 30th September, 2024 Financial Allocation – Rs. 778 crore (Rs. 500 crore) Eligible EV categories: o Electric Two Wheelers (e-2W) o Electric Three-wheelers including registered e-rickshaws & e-carts o Scheme will be applicable mainly to e-2W and e-3Ws registered for commercial purposes o Privately or corporate owned registered e-2W will also be eligible under the scheme o Incentives are not available for four wheelers With greater emphasis on providing affordable and environment friendly public transportation options for the masses, scheme will be applicable mainly to those e-2W and e-3Ws registered for commercial purposes Target numbers: Scheme aims to support 5,60,789 EVs (earlier – 3,72,215) o The benefits of incentives, will be extended to only those vehicles which are fitted with advanced battery. Key Features Components o Subsidies/Demand Incentive (769.65 Crore) o Administration of scheme (8.35 Crore) including IEC (Information, Education & Communication) activities and fee for Project Management Agency Financial Support o Rs 5,000 per kWh, capped at 10,000 per two-wheeler o Rs.5,000/ kWh, capped at Rs.25,000 per EV (small three-wheelers (e-rickshaw and e-carts)) o Rs.5,000/ kWh, capped at Rs.50,000 for large three-wheeler Reserve Bank of India Liberalised Remittance Scheme (LRS) Launch – 2004 Implementation – by Reserve Bank of India Objective To liberalize the existing foreign exchange regulations and facilitate smooth transfer of funds abroad by Indian residents (outward remittance) Key Features All resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both o Initially, limit was USD 25,000 o In case of minor, LRS declaration form must be countersigned by minor’s natural guardian Authorised Dealers to facilitate foreign exchange Permanent Account Number (PAN) mandatory for all transactions under LRS Prohibited items o Remittance for any purpose specifically prohibited or any item restricted under Schedule II of Foreign Exchange Management (Current Account Transactions) Rules, 2000 o Remittance from India for margins or margin calls to overseas exchanges / overseas counterparty o Remittances for purchase of Foreign Currency Convertible Bonds (FCCBs) issued by Indian companies in the overseas secondary market o Remittance for trading in foreign exchange abroad o Capital account remittances, directly or indirectly, to countries identified by the Financial Action Task Force (FATF) as non- cooperative countries and territories, from time to time 7|P a g e o Remittances directly or indirectly to those individuals and entities identified as posing significant risk of committing acts of terrorism as advised separately by Reserve Bank to the banks o Gifting by a resident to another resident, in foreign currency, for the credit of the latter’s foreign currency account held abroad under LRS Investor who has remitted funds under LRS can retain and reinvest income earned from his investments made under Scheme Unused foreign exchange, unless reinvested, shall be repatriated and surrendered to an authorised person within period of 180 days from date of such receipt No restrictions on frequency of remittances under LRS Remittances can be made in any freely convertible foreign currency Scheme not available to corporates, partnership firms, HUF, Trusts, etc In a sole proprietorship business, owner can remit up to USD 2,50,000 (permissible limit under LRS) o Because there is no legal distinction between individual / owner in this case Indian residents can make remittances to International Financial Services Centres (IFSCs) under LRS framework Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit Launch – 2015 Nodal Ministry – Ministry of Commerce & Industry Implementation by – RBI through various Public and non-Public Sector banks who provide pre and post shipment credit to exporters Objective – Help exporters from identified sectors and all MSME manufacturer exporters to avail pre and post shipment Rupee export credit at competitive rates. Helping export sector to compete internationally Tenure – Till June 30, 2024 Financial Allocation: o Current outlay - ₹9538 Crore o Additional outlay of ₹2500 Crore (Over and above current outlay) Key Features: Primarily meant for labour intensive sectors Scheme is jointly monitored by DGFT (Directorate General of Foreign Trade) and RBI through a consultative mechanism Rate of interest equalization o 2% for Manufacturers and Merchant Exporters exporting under specified 410 HS lines (at 4-digit level) o 3% to MSME manufacturers exporting under any HS line Recent Modifications o Average interest rate – With effect from FY 2023-24, banks which have priced loans covered under this scheme at an average interest rate of greater than Repo Rate + 4% prior to subvention would be subjected to certain restrictions Cap on annual net subvention amount o At ₹10 Cr per Importer-Exporter Code (IEC) in a given financial year o Earlier Scheme was not fund limited and extended benefit without any limit Payments Infrastructure Development Fund (PIDF) Launch – 2021 Implementing Agency – Reserve Bank of India (RBI) Objectives: o To increase the number of acceptance devices multi-fold in the country o To benefit acquiring banks / non-banks and merchants by lowering overall acceptance infrastructure cost Tenure – 5 years from January 1, 2021 (till December 31, 2025) o Initially launched for 3 years, extended for another 2 years in 2023 Target – Increasing payments acceptance infrastructure by adding 30 lakh touch points every year Target Geographies: o Primary focus shall be to create payment acceptance infrastructure in Tier-3 to Tier-6 centres o Includes eligible beneficiaries covered under PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) and PM Vishwakarma Scheme in Tier-1 and Tier-2 centres o North Eastern States and Union Territories of Jammu and Kashmir, and Ladakh (UTs of J & K and Ladakh) shall be given special focus Types of Acceptance Devices Covered: o Physical devices supporting underlying card payments, such as physical PoS, mPoS (mobile PoS), GPRS (General Packet Radio Service), PSTN (Public Switched Telephone Network) o Digital devices, such as QR code-based acceptance infrastructure o Other contemporary devices with hybrid or alternative mode of acceptance ▪ Soundbox devices - providing instant audio payment confirmation, along with payment acceptance by “scan & pay” and Near Field Communication (NFC) ▪ Aadhaar-enabled biometric devices - certified biometric scanner devices facilitating Aadhaar authentication for acceptance of payment by merchant through BHIM Aadhaar Pay An eligible merchant may be acquired for 1 physical device and either of 1 digital or 1 other contemporary device 8|P a g e o In special focus areas: 1 physical, 1 digital and 1 other contemporary device each Payment methods that are not inter-operable shall not be considered Corpus Contribution: o Initial Corpus – Contributions mandatory for banks and card networks, Initial contribution by RBI - ₹250 crore Recurring Contribution: o Besides initial corpus, PIDF shall also receive annual contribution from card networks and card issuing banks as (if required) ▪ Card networks – Turnover based – 1 basis point (bps) i.e., 0.01 paisa per Rupee of transaction ▪ Card issuing banks Turnover based – 1 bps and 2 bps i.e., 0.01 paisa and 0.02 paisa per Rupee of transaction for debit and credit cards respectively Also at rate of ₹1 and ₹3 for every new debit and credit card issued by them respectively during the year o Collection – By January 31st and July 31st based on card data of December 31st and June 30th respectively o RBI shall contribute to yearly shortfalls, if any Key Features: Merchants providing essential services (transport, hospitality, etc.), government payments, fuel pumps, PDS shops, healthcare, kirana shops, street vendors, craftsmen, artisans, etc., may be covered especially in targeted geographies Focus to target those merchants who are yet to be terminalised (merchants who do not have any payment acceptance device) Claims: o On reimbursement basis (claim submitted only after making payment to vendor) o Maximum cost of physical acceptance device eligible for subsidy – ₹10,000 (including one-time operating cost up to a maximum of ₹500) o Maximum cost of digital device eligible for subsidy – ₹300 (including one-time operating cost up to a maximum of ₹200) o Maximum cost of other contemporary device eligible for subsidy – ₹2,000 (including one-time operating cost up to a maximum of ₹300) Subsidy for devices deployed in special focus areas increased from 75% to 90% of total cost, irrespective of type of device o For installations made from October 01, 2023 onwards Initially 75% of subsidy amount shall be released, balance 25% released later after ensuring that performance parameters are achieved o Including conditions for ‘active’ status of device and ‘minimum usage’ criteria (subject to status of device being active in 3 out of 4 quarters) ▪ Minimum usage shall be 50 transactions over 90 days and active status shall be minimum usage for 10 days over the 90- day period Subsidy shall not be claimed by applicant from other sources like NABARD, etc. PIDF shall be governed by an ex-officio Advisory Council (AC) Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25 Launch Year: 2024-25 Nodal Ministry: Ministry of Agriculture and Farmers' Welfare, Government of India Implementing Agency: Public Sector Banks, Private Sector Banks (rural and semi-urban branches), Small Finance Banks, and computerized PACS ceded with Scheduled Commercial Banks Interest Subvention: To provide short-term crop loans and loans for allied activities (e.g., animal husbandry, dairy, fisheries) up to ₹3 lakh at concessional interest rates through Kisan Credit Cards (KCC). Interest Rate to Farmers: 7% per annum. Interest Subvention to Banks: 1.5% per annum on the loan amount. Additional Incentive for Prompt Repayment: Farmers repaying within the due date will receive an additional 3% interest subvention, reducing the effective interest rate to 4% per annum. Key Features: Eligibility: Available for short-term loans up to ₹3 lakh per farmer, with a sub-limit of ₹2 lakh for loans related to allied activities. Warehouse Receipts: Small and marginal farmers storing produce in accredited warehouses post-harvest are eligible for interest subvention for an additional six months. Natural Calamity Relief: o Moderate Calamities – Interest subvention provided for one year on restructured loans. o Severe Calamities – Interest subvention provided for three years, extendable to five years, along with a 3% prompt repayment incentive. Aadhar Linkage: Mandatory for availing benefits under the scheme. Monitoring and Reporting: o Data Capture: Banks to capture detailed data on farmer beneficiaries and report via the Kisan Rin Portal (KRP). 9|P a g e o Claims Submission: Banks must upload audited claims on the KRP module by June 30, 2025. This scheme aims to support farmers with affordable credit, encourage prompt repayment, and provide relief in the event of natural calamities, ensuring sustained agricultural productivity. Ministry of Rural Development Pradhan Mantri Gram Sadak Yojana (PMGSY) Launch Year – 2000 Ministry of Rural Development Aim – to provide connectivity to unconnected Habitations as part of a poverty reduction strategy. Centrally Sponsored Scheme o All States except 8 North-East States and 3 Hill State – 60:40 o 8 NE States including Sikkim, Hill states of Himachal Pradesh, Jammu & Kashmir and Uttarakhand – 90:10 o Union Territories (UTs) – 100% by centre PMGSY-I: To provide all-weather access to eligible unconnected habitations o with population up to 500 in plain area o 250 and above in Special category States (States of North East, Jammu and Kashmir, Himachal Pradesh, Uttarakhand), Desert Area as identified by Desert Development Programme and selected Tribal & Backward Districts In 2013, to provide better connectivity to LWE regions, special provision was made to provide connectivity to habitations in population category of 100-249 Timeline - September 2022 PMGSY-II: Launched in 2013 For upgradation of selected Through Routes and Major Rural Links (MRLs) with a target to upgrade 50,000 km of existing rural road network. Timeline - September 2022 PMGSY-III: Launched in 2019 Envisages consolidation of 1,25,000 Km existing Rural Road Network by upgradation of existing Through Routes and Major Rural Links that connect habitations to o Gramin Agricultural Markets (GrAMs), Higher Secondary Schools, Hospitals States/UTs would be able to join only after sanction of 100% works of PMGSY-I and PMGSY-II, and award of 90% of length No roads can be taken up under PMGSY-III before completion of 10 years of design life. Maintenance of old roads is not covered under PMGSY-III Timeline – 2019-20 to 2024-25 PMGSY-IV: Announced in Union Budget 2024-25 Phase IV of PMGSY will be launched to provide all-weather connectivity to 25,000 rural habitations which have become eligible in view of their population increase. Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) Launch – 2011 Ministry of Rural Development Objective - To reduce rural poverty by enabling poor households to access gainful self-employment and skilled wage employment opportunities Aim - To mobilize 10-12 crore rural households into Self-help Groups (SHGs) in a time bound manner by 2024-25 Centrally Sponsored Scheme NRLM was renamed as DAY-NRLM (Deendayal Antyodaya Yojana – National Rural Livelihood Mission) in 2016. Universal Social Mobilisation - At least 1 woman member from each identified rural poor household to be brought under the SHG network in a time bound manner Participatory Identification of Poor (PIP) instead of BPL 10 | P a g e Revolving Fund (RF) and Community Investment Fund (CIF) - resources in perpetuity Components: Mahila Kisan Sashaktikaran Pariyojana (MKSP) Aajeevika Grameen Express Yojana Start-up Village Entrepreneurship Programme (SVEP) Deendayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) National Rural Livelihoods Project (NRLP) National Rural Economic Transformation Project (NRETP) Pradhan Mantri Awas Yojana - Gramin Launch – 2016 (Indira Awaas Yojana has been re-structured into Pradhan Mantri Awaas Yojana – Gramin) Union Cabinet has approved the proposal for implementation of “Pradhan Mantri Awaas Yojana – Gramin” during FY 2024-25 to 2028-29 for construction of two crore more houses, benefiting 10 crore individuals. Remaining 35 lakh incomplete houses of previous phase of PMAY-G (as on 31.03.2024) would be completed during the FY 2024-25. Ministry of Rural Development Tenure - Till March 2024 (earlier 2022) o Continued for FY 2024-25 to 2028-29 (Total Outlay – Rs. 3,06,137 Crore) Target - Construction of 2.95 crore houses with all basic amenities by 2024 Beneficiaries – o Identified using information from Socio Economic and Caste Census (SECC) subject to 13-point exclusion criteria o All households living in houses with pucca roof and/or pucca wall and households living in houses with more than 2 rooms are filtered out. No application from households required as beneficiaries are identified from Permanent Wait List (PWL) of PMAY-G based on SECC 2011 and finalized Awaas+ list. Minimum size of house (including a dedicated area for hygienic cooking) - 25 sq. mt. Financial Assistance – o Unit assistance of ₹1.20 lakh in plain areas o Unit assistance of ₹1.30 lakh in hilly states, difficult areas Provision of assistance for toilets construction (₹12000) though convergence with Swachh Bharat Mission-Gramin, MGNREGS etc. Beneficiary is entitled to 90/95-person day of unskilled labour from MGNREGS. Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) Launch Year - 2005 Ministry of Rural Development Objective - To provide at least 100 days of guaranteed wage employment in a financial year to each household in rural areas of country whose adult members volunteers to do unskilled manual work. Eligibility – o Applicant must be 18 years of Age and volunteer for Unskilled work. o Must be part of a local household of Gram Sabha Fund Sharing – o Central Government - Full cost of unskilled labour and 75% of cost of material o State Government - Pay unemployment allowance and 25% of the material costs. Gram Sabha at village level to conduct social audits. At least one-third beneficiaries shall be women. 10% extra wage in case of employment provided beyond 5 km of radius. Unemployment allowance in case employment is not provided within 15 days of submitting application or from date when work is sought in case of advance application. Provision for additional 50 days of unskilled wage employment in a financial year in drought/natural calamity notified rural areas Ministry of Panchayati Raj 11 | P a g e Survey of Villages and Mapping with Improvised Technology in Village Areas (SVAMITVA) Launch – Pilot Phase – 2020 (In 9 States - Haryana, Karnataka, Madhya Pradesh, Maharashtra, Uttar Pradesh, Uttarakhand, Punjab, Rajasthan & Andhra Pradesh) o Nationwide rollout – 2021 Ministry of Panchayati Raj Objectives: o Creation of accurate land records for rural planning o To bring financial stability to citizens in rural India o Determination of property tax o Creation of survey infrastructure & GIS maps Implemented with collaborative efforts of Ministry of Panchayati Raj, State Revenue Department, State Panchayati Raj Department and Survey of India (SoI). o to provide ‘Record of Rights’ to village household owners possessing houses in inhabited areas in villages with issuance of legal ownership rights (Property cards/Title deeds). Preparation and distribution of Property Cards is responsibility of respective State Government. Ministry of Jal Shakti Swachh Bharat Mission (SBM) Gramin Phase II Launch – 2020 Ministry of Jal Shakti Objective - Maintaining Open Defecation Free (ODF) status of villages, Gram Panchayats, Blocks, Districts and States over a continued period of time Tenure - 2020-21 to 2024-25 Centrally Sponsored Scheme Financial Outlay – o ₹1,40,881 crores o In addition to SBM(G) funds, allocation of 15th Finance Commission funds for sanitation SBM (G) Phase-I was launched on 2nd Oct, 2014 Components – o Construction of Individual Household Latrines (IHHLs) o Retrofitting of toilets o Construction of Community Sanitary Complexes (CSCs) o Solid Waste Management - GOBAR-dhan (Galvanizing Organic Bio-Agro Resources-dhan) initiative to convert bio-waste into biogas and bio slurry o Liquid Waste Management o Faecal Sludge Management o Information Education and Communication/Behavior Change Communication (IEC/BCC) and Capacity Building ODF Plus village - sustains its ODF status, ensures solid and liquid waste management and is visually clean Jal Jeevan Mission (JJM) Launch – 2019 Ministry of Jal Shakti Objective – o To provide Functional Household Tap Connection (FHTC) to every rural household o To provide functional tap connection to Schools, Anganwadi centres, GP buildings, Health centres, wellness centres and community buildings Centrally Sponsored Scheme Estimated Budget - ₹3.60 Lakh Crore Target Year – 2024 National Rural Drinking Water Programme (NRDWP) is restructured and subsumed 12 | P a g e Village Water Sanitation Committee (VWSC)/Paani Samiti at Village level Provide potable water at service level of 55 litre per capita per day through Functional Household Tap Connections (FHTC) by 2024 Special focus on women and children Community needs to contribute 5% or 10% of capital cost for in-village infrastructure as the case may be, in cash/ kind/ and/ or labour Every village will prepare a Village Action Plan (VAP) having 3 components – Water source & its maintenance, Water supply, Greywater (domestic wastewater) management All households, schools and anganwadis in village shoud have tap water before village is certified as ‘Har Ghar Jal’ Ministry of Agriculture and Farmers Welfare National Agriculture Market (e-NAM) Scheme Launch – 14th April 2016 Ministry of Agriculture and Farmers Welfare Lead Implementing Agency - Small Farmers’ Agribusiness Consortium (SFAC) Objective - To integrate markets first at level of States and eventually across country through a common online market platform Central Sector Scheme Pre-requisite for Joining e-NAM: o States/UTs required to carry out 3-reforms: ▪ Single trading license (Unified) to be valid across state ▪ Single point levy of market fee across state ▪ Provision for e-auction/ e-trading as a mode of price discovery Pan-India electronic trading portal which networks existing Agricultural Produce Marketing Committee (APMC) mandis to create a unified national market for agricultural commodities. FPO (Farmer Producer Organisation) trading module - FPOs can trade their produce from their collection center without bringing produce to APMC (launched during during COVID-19). Warehouse based trading module - to facilitate trade from warehouses based on e-NWR (electronic Negotiable Warehouse Receipt) Platform of Platforms (POP) - farmers to be facilitated to sell produce outside their state Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) Launch – 2015 Ministry of Agriculture and Farmers Welfare Tenure – Extended till 2026 Financial Outlay - ₹93,068 crore Objective – Enhance cultivable area under assured irrigation (Har Khet ko Pani) Centrally Sponsored Scheme All the States and UTs including North Eastern States are covered Components – o Accelerated Irrigation Benefits Programme (AIBP)- Ministry of Jal Shakti o Har Khet Ko Pani (HKKP)- Ministry of Jal Shakti o PMKSY- Watershed Development Component (WDC) ▪ Implemented by Department of Land Resources - Ministry of Rural Development Merged Schemes – o Accelerated Irrigation Benefit Programme (AIBP) o Integrated Watershed Management Programme (IWMP) o On Farm Water Management (OFWM) PMKSY-HKKP is applicable only in areas having – o Stage of ground water development less than 60% o Average rainfall more than 750 mm o Shallow ground water levels (less than 15 m bgl) Pradhan Mantri Fasal Bima Yojana (PMFBY) 13 | P a g e Launch – 2016 Ministry of Agriculture and Farmer Welfare Objective – Provide financial support to farmers suffering crop loss/damage due to unforeseen events Centrally Sponsored Scheme Beneficiaries – o All farmers including sharecroppers and tenant farmers growing notified crops in a notified area during season who have insurable interest in crop. o Voluntary for all farmers (from Kharif 2020), including loanee farmers (Note: Initially, it was compulsory for loanee farmers). Replaced the National Agricultural Insurance Scheme (NAIS) and Modified NAIS Maximum Premium Rate payable by farmer (% of Sum Insured) o 2% for Kharif Crops o 1.5% for Rabi Crops o 5% for commercial and Horticulture crops Coverage of Risks and Exclusions: Basic Cover - Covers risk of loss of yield to standing crop (sowing to harvesting) Add-On Coverage - State Governments/UTs may choose: o Prevented Sowing/Planting/Germination Risk, Mid-Season Adversity, Localized Calamities, Add-on coverage for crop loss due to attack by wild animals. o Post-Harvest Losses: Coverage only upto a maximum period of 2 weeks from harvesting, for crops which are required to be dried in cut and spread / small, bundled condition in field after harvesting against specific perils of Hailstorm, Cyclone, Cyclonic rains and Unseasonal rains. General Exclusions - Losses arising out of war and nuclear risks, malicious damage other preventable risks Formation and Promotion of 10,000 FPOs Launch – 2020 Ministry of Agriculture and Farmers Welfare Aim - To provide supportive ecosystem to form new 10,000 FPOs in 5 years (2019-20 to 2023-24) Central Sector Scheme Financial Allocation - ₹6865 crore Cluster Based Business Organization (CBBOs) will provide initial training to FPOs for 5 years. Department of Agriculture and Farmers Welfare (DA&FW) allocate Cluster/States to Implementing Agencies which in turn will form CBBOs in States. Financial Assistance to FPOs - ₹33 lakh Financial assistance of ₹25 lakhs per FPO is provided to CBBO Kisan Credit Card (KCC) Scheme Launch Year – 1998 Nodal Agency – National Bank for Agriculture and Rural Development (NABARD) Implementing Agencies – All Co-operative banks, Regional Rural Banks, Scheduled Commercial Banks, Small Finance Banks Aim – To provide timely and adequate credit to farmers to meet their needs Eligibility – Age – 18 to 75 years For senior citizen (>60 years), a co-borrower (legal heir) is mandatory All farmers: individual/joint cultivator, owner, tenant farmer, and sharecroppers Loan is available to anyone engaged in agriculture, allied activities or other non-farming activities, Animal Husbandry and Fisheries sector SHGs or joint liability groups including tenant farmers Benefits – Loan of up to ₹3 lakh for a period of up to 3 years Insurance coverage: up to ₹50,000 (permanent disability or death) & ₹25,000 (other risks) 14 | P a g e No collateral required for loans amounting up to Rs. 1.60 lakh Covers – Short term credit requirements for cultivation of crops, Post-harvest expenses, Produce marketing loan, Consumption requirements of farmer household, Working capital for maintenance of farm assets and activities allied to agriculture, Investment credit requirement for agriculture and allied activities Pradhan Mantri Kisan Samman Nidhi (PM KISAN) Launch – 2019 (Effective from 2018) Ministry of Agriculture & Farmer’s Welfare Aim – To provide income support to all eligible land-holding farmers and their families Central Sector Scheme Eligibility – o All landholding farmers' families, which have cultivable landholding as per land records of the concerned State/UT ▪ Definition of family for scheme - husband, wife and minor children Exclusions – o Institutional landholders o Former and present holders of constitutional posts o Former and present - Ministers/MP/MLA/MLC/Mayor/Chairpersons of District Panchayats o Present or retired employees of state/central government/PSUs o Retired pensioners with a monthly pension of over ₹10,000 o All Persons who paid Income Tax in last assessment year o Professionals like Doctors, Engineers, Lawyers, Chartered Accountants, and Architects registered with Professional bodies ₹6000 per year directly to bank account - ₹2,000 every 4 months Tenant farmers are not eligible PM Kisan Mobile App - e-KYC by scanning face without OTP or fingerprint, status of landseeding, linking of Aadhaar with bank accounts Ministry of Education Pradhan Mantri Schools for Rising India (PM-SHRI) Scheme Launch – 2022 Ministry of Education Aim - To prepare more than 14,500 exemplar schools in which every student feels welcomed Financial Outlay- ₹27360 crore Centrally Sponsored Tenure - 2022-23 to 2026-27 Selected schools to help showcase implementation of National Education Policy 2020. Existing schools to be strengthened from amongst schools managed by Central government/State/UT Government/local bodies through existing administrative structure. Maximum 2-schools (1 Elementary & 1 Secondary/Senior Secondary) to be selected per block/ULB with upper limit of number of total schools across India. Pradhan Mantri Uchchatar Shiksha Abhiyan (PM-USHA) Launch – 2023 Ministry of Education In light of National Education Policy (NEP), RUSA scheme has been launched as Pradhan Mantri Uchchatar Shiksha Abhiyan (PM- USHA) o 1st phase of RUSA was launched in 2013 and 2nd phase was launched in 2018. Covers government and government-aided institutions of the States and UTs Objectives: o To improve overall quality of existing state higher educational institutions o Usher transformative reforms in State higher education system by creating a facilitating institutional structure, promoting autonomy in State Universities 15 | P a g e Centrally Sponsored Scheme Components: o Multi-Disciplinary Education and Research Universities (MERU) o Grants to Strengthen Universities (Accredited & Unaccredited Universities) o Grants to Strengthen Colleges (Accredited & Unaccredited Colleges) o New Model Degree Colleges o Gender Inclusion and Equity Initiatives Management Monitoring Evaluation and Research (MMER) National Initiative for Proficiency in Reading with Understanding and Numeracy (NIPUN) Bharat Mission Launch Year – 2021 Ministry of Education Implementing Agency - Department of School Education & Literacy Aim - To achieve the goal of universal proficiency in foundational literacy and numeracy for every child by grade 3, by 2026-27 as envisaged by National Education Policy 2020 Mission set up under the aegis of centrally sponsored scheme of Samagra Shiksha 5-tier implementation mechanism will be set up at the National- State- District- Block- School level in all States and UTs Components – o Foundational Literacy and Numeracy o Early Mathematics Beneficiaries – o Children of age group of 3 to 9 years including pre-school to Grade 3 Children in Class 4 and 5 and have not attained the foundational skills will be provided Ministry of Social Justice and Empowerment Atal Vayo Abhyudaya Yojana Launch - National Action Plan for Senior Citizen (NAPSrc) had been revamped, renamed as Atal Vayo Abhyuday Yojana (AVYAY) and subsumed in April 2021 Ministry of Social Justice and Empowerment Centrally Sponsored Scheme Objective - To improve the quality of life of Senior Citizens by providing basic amenities like shelter, food, medical care and entertainment free of cost Sub – Schemes: o National Action Plan for Senior Citizens (NAPSrC) ▪ Integrated Programme for Senior Citizens (IPSrC) ▪ State Action Plan for Senior Citizens (SAPSrC) o Rashtriya Vayoshri Yojana (RVY) – ▪ Implementing Agency - Artificial Limbs Manufacturing Corporation of India (ALIMCO) ▪ To address disability/infirmity of - Low Vision, Hearing impairment, Loss of teeth, Locomotor disability ▪ Target Beneficiaries – Senior citizens (aged 60 years or above) of BPL category (monthly income not more than ₹15000). ▪ 30% of the beneficiaries in each district shall be women ▪ Maximum cost of generic devices should not be exceeding ₹15000 per beneficiary and for special items ₹20000 per beneficiary o Scheme for Awareness Generation and Capacity Building for welfare of Senior Citizens Livelihood and Skilling Initiatives for Senior Citizens: o Senior Able Citizens for Re-Employment in Dignity (SACRED) ▪ IT portal for purpose of bringing employment seeker senior citizens and employment providers together. o Action Groups Aimed at Social Reconstruction (AGRASR Groups) - Elderly Self Help groups Promoting silver economy: o to encourage the entrepreneurs for to think about the problems of the elderly and come out with innovative solutions. 16 | P a g e ▪ through an open invitation on a portal namely Seniorcare Ageing Growth Engine (SAGE) Pradhan Mantri Dakshata Aur Kushalata Sampanna Hitgrahi (PM-DAKSH) Yojana Launch - 2020-21 Ministry of Social Justice and Empowerment Objective: To enhance competency level of target groups and make them employable both in self and wage-employment for their socio-economic development Central Sector Scheme Target - Skill around 2,71,000 persons over 2021-22 to 2025-26 Financial Outlay - ₹450.25 crore Eligibility: o applicable to SC/OBC/EBC/DNT/Safai Karamcharis including Waste Pickers and their dependents of Indian Nationality fulfilling following conditions ▪ Age between 18-45 years ▪ Other Backward Classes (OBCs) having Annual Family Income (AFI) below ₹3 Lakh ▪ Economically Backward Classes (EBCs) having AFI below ₹1 Lakh ▪ No income limit for Scheduled Castes (SCs)/De-Notified, Nomadic, and Semi-Nomadic Tribe (DNT)/Safai Karamcharis including Waste Pickers ▪ Transgender (TG) community Up-skilling/Recognition of Prior Learning (RPL), Short Term Courses (focus on wage/self-employment), Entrepreneurial Development Programmes (EDP), Long Term Courses (for Global Class Skills) SMILE: Support for Marginalised Individuals for Livelihood and Enterprise Launch – 2022 Ministry for Social Justice & Empowerment Central Sector Scheme Total financial outlay - ₹365 Crore (for FY 2021-22 to FY 2025-26) Sub – Schemes – Central Sector Scheme for Comprehensive Rehabilitation of persons engaged in the act of Begging - ₹100 Crore o To make places begging-free and make a strategy for comprehensive rehabilitation of persons engaged in Begging Central Sector Scheme for Comprehensive Rehabilitation for Welfare of Transgender Persons - ₹365 Crore o Scholarships for Transgender Students studying in Class IX and till post-graduation to enable them to complete their education o Provisions for Skill Development and Livelihood under PM-DAKSH Scheme o Composite Medical Health, it provides a comprehensive package in convergence with PM-JAY o Housing facility in the form of ‘Garima Greh’ Provision of Transgender Protection Cell in each state National Action for Mechanised Sanitation Ecosystem (NAMASTE) Launch – 2022 Joint initiative of Ministry of Social Justice and Empowerment and Ministry of Housing and Urban Affairs Implementing Agency – National Safai Karamchari Financial Development Corporation (NSKFDC) Central Sector Scheme Objective – Formalization and Rehabilitation of Manual Scavengers (MS) and Persons Engaged in Hazardous Cleaning of Sewer and Septic Tank (SSWs) Tenure – 2022-23 to 2025-26 Financial Outlay - ₹360 Crores Identified sanitation workers and their family members extended benefits of all the social security schemes being implemented by various departments in area. Identified Sewer/Septic Tank Workers (SSWs) and their dependants to be given counseling on available livelihood choices and an opportunity to acquire alternative skills, if they so desire 17 | P a g e Occupational Safety Training and distribution of Personal Protective Equipment (PPE) Kits to SSWs. Pradhan Mantri Anusuchit Jati Abhyuday Yojana (PM – AJAY) Ministry of Social Justice and Empowerment Tenure – Till 2026 Centrally Sponsored Objective – To reduce poverty of SC communities by generation of additional employment opportunities through skill development, income generating schemes and other initiatives Eligibility Criteria – o Scheduled Castes (SC) persons living below poverty lines o Villages having 40% (revised in 2022-23 from ‘more than 50%’) or more SC population are eligible for grants for Infrastructure Development Schemes Merged under PM-AJAY – o Special Central Assistance to Scheduled Castes Sub Plan (SCA to SCSP) (now Grant in Aid Component o Pradhan Mantri Adarsh Gram Yojana (PMAGY) o Babu Jagjivan Ram Chhatrawas Yojana (BJRCY) Components o Adarsh Gram o Administration, Monitoring and Evaluation o Construction/Repair of Hostels o Grants-in-aids for the Projects at District/State Implemented in 28 States/Uts except o States: Arunachal Pradesh, Nagaland, Meghalaya & Mizoram UTs: A & N Islands, Dadra Nagar Haveli, Daman & Diu, Ladakh& Lakshadweep Scheme for Residential Education for Students in High Schools in Targeted Areas (SHRESHTA) Launch – 2021 Ministry of Social Justice and Empowerment Tenure – Till 2025-26 Aim – Providing quality residential education to meritorious SC students in reputed private schools Central Sector Scheme Eligibility Criteria – o SC category o Family income should not exceed ₹2,50,000 per annum o Preference to students whose family income is less than ₹1,00,000 and students having physical disability Each year 3000 students in States/Uts to be selected Admissions in Class 9 and Class 11 and would be automatically renewed up to class 12 Grants for tuition fee and residential, subject to a ceiling of o ₹1,00,000/annum per student – Class 9 o ₹1,10,000/annum per student – Class 10 o ₹1,25,000/annum per student – Class 11 o ₹1,35,000/annum per student – Class 12 Ministry of Micro, Small and Medium Enterprises (MoMSME) PM Vishwakarma Scheme Launch – 2023 Ministry of Micro, Small and Medium Enterprises Implementation - conjointly by MoMSME, Ministry of Skill Development and Entrepreneurship (MSDE) and Department of Financial Services (DFS), Ministry of Finance (MoF) 18 | P a g e Aim - Providing benefits to Vishwakarmas, who are either self-employed or intend to setup their own small-scale ventures resulting in o preservation of cultural practices, generational skills and guru-shishya parampara and providing identity and recognition to them Central Sector Scheme Tagline - Samman Samarthya Samridhi Tenure - FY 2023-24 to FY 2027-28 Financial Outlay - ₹13,000 crore Covers artisans and craftspeople engaged in 18 trades in rural and urban areas across India. Eligibility: o Minimum age: 18 years on date of registration o Should not have availed loans under similar credit-based schemes of Central Government or State Government for self- employment/ business development e.g. PMEGP, PM SVANidhi, MUDRA, in past 5 years ▪ beneficiaries of MUDRA and SVANidhi who have fully repaid their loan, will be eligible o Registration and benefits restricted to 1 member of family o Person in government service and his/her family members - not eligible Key Components: o Recognition: PM Vishwakarma Certificate and ID Card o Skill Upgradation: Training stipend of ₹500/day o Toolkit Incentive: upto ₹15,000 after Skill Assessment at start of Basic Training, through e-RUPI/ e-vouchers o Credit Support: ▪ Collateral free ‘Enterprise Development Loans’ of upto ₹3 lakh in 2 tranches of ₹1 lakh and ₹2 lakh with tenures of 18 months and 30 months o Incentive for Digital Transactions: ₹1 per eligible digital transaction (upto maximum 100 eligible transactions monthly Marketing Support - by National Committee for Marketing (NCM) Prime Minister’s Employment Generation Program (PMEGP) Launch – 2008 Ministry of Micro, Small and Medium Enterprises Nodal agency (national level) – Khadi and Village Industries Commission (KVIC) Objective – To generate employment opportunities in rural as well as urban areas of country through setting up of new self- employment ventures/projects/micro enterprises Central Sector Scheme Tenure - Over 15th Finance Commission cycle for 5 years from 2021-22 to 2025-26 with ₹13554.42 Crores. Credit-linked subsidy programme launched after merging 2 schemes: o Prime Minister's Rojgar Yojana (PMRY) o Rural Employment Generation Programme (REGP) Eligibility – For new enterprises (Units): o Individuals above 18 years of Age o No income ceiling for assistance o Minimum qualification - Std VIII for projects above Rs 5 lakh (Business /Service sector) & above Rs 10 lakh (manufacturing sector) o Only one person from one family is eligible Funds available under 2 major heads: Margin Money Subsidy: For setting up of new micro enterprises/units Backward and Forward Linkages Maximum project cost admissible for Margin Money subsidy: ₹50 lakh - Manufacturing Sector, ₹20 lakh - Business/Service Ministry of Housing and Urban Affairs Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi (PM-SVANIDHI) 19 | P a g e Launch – 2020 Ministry of Housing and Urban Affairs Implementing Agency – Small Industries Development Bank of India (SIDBI) Objectives – o Facilitate collateral free working capital loan up to ₹ 10,000 of 1 year tenure, with enhanced loan of ₹ 20,000 and ₹ 50,000 in 2nd and 3rd trances respectively, on repayment of earlier loans o Incentivize regular repayment, through interest subsidy @ 7% per annum o Reward digital transactions, by way of cash back up to ₹1,200 per year Central Sector Scheme Tenure – Till Decemeber 2024 Target Beneficiaries – All street vendors in urban areas and surrounding semi-urban areas and rural areas as on or before March 24, 2020 Collateral free working capital loan up to ₹10,000, Enhanced loan of ₹20,000 & ₹50,000 in the 2nd and 3rd tranches respectively, on repayment of earlier loans No penalty on early repayment of loan SVANidhi Se Samriddhi – Launched in January 2021 to map the socio-economic profile of the PM SVANidhi beneficiaries and their families Cashback of ₹ 1 per digital transactions subject to maximum of ₹ 100 in a month i.e. ₹ 1200 in a year Smart Cities Mission (SCM) Launch – 25th June 2015 Ministry of Housing & Urban Affairs Tenure - till June 2024 Objective - Providing core infrastructure, clean and sustainable environment and a decent quality of life to citizens through the application of ‘smart solutions’ Centrally Sponsored Scheme Central Government to give financial support to Mission to extent of ₹48,000 crores over 5 years i.e. on an average ₹100 crore per city per year o ₹8000 crore allocated for 2023-24 Smart City Features: o 100 Smart Cities selected through 4 rounds of competition from January 2016 to June 2018 o Promoting mixed land use in area-based developments o Housing and inclusiveness expand housing opportunities for all o Creating walkable localities o Preserving and developing open spaces o Promoting a variety of transport options — Transit Oriented Development (TOD), public transport and last mile para- transport connectivity o Applying Smart Solutions to infrastructure and services in area-based development Models: Retrofitting (city improvement), Redevelopment (city renewal), Greenfield development (city extension) Swachh Bharat Mission – Urban (SBM-U) 2.0 Launch – 2021 Swachh Bharat Mission-Urban launched in 2014 Ministry of Housing and Urban Affairs (MoHUA) Aim – To make the cities completely free of garbage Centrally Sponsored Scheme Tenure – From 2021-22 till 2025-26 Financial outlay - ₹1,41,600 crores, including central share of ₹36,465 crores Coverage – All statutory towns in India Mission Components: o Sustainable Solid Waste Management 20 | P a g e ▪ To make all cities clean and garbage free, with 100% scientific processing of Municipal Solid Waste o Sustainable Sanitation o Used Water Management (UWM) - new component o Information, Education and Communication (IEC) / Behaviour Change Communication (BCC) o Capacity Building (CB) Ensuring complete access to sanitation facilities to serve additional populations migrating from rural to urban areas Complete liquid waste management in cities with less than 1 lakh population Construction of over 3.5 lakhs individual, community and public toilets Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) Launch – 2013 Ministry of Housing and Urban Affairs Objective – o To reduce poverty and vulnerability of urban poor households by enabling them to access gainful self-employment and skilled wage employment opportunities. o To provide shelters equipped with essential services to urban homeless. o To address livelihood concerns of urban street vendors by facilitating access to suitable spaces, institutional credit, social security and skills to the urban street vendors Replaced Swarna Jayanti Shahari Rozgar Yojana (SJSRY) - Also known as Rashtriya Shahri Aajeevika Mission in Hindi Beneficiaries - Urban poor, including the urban homeless Implementation: Population of 1,00,000 or more as per 2011 census o All District Headquarter Towns o All other cities Interest subvention on bank loans is provided to beneficiaries through PAISA (Portal for Affordable Credit and Interest Subvention Access) Portal [centralized electronic platform] Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0 Launch – 2021 Ministry of Housing and Urban Affairs (MoHUA) Aim – To make around 4,800 towns/cities ‘water secure’ Centrally Sponsored Scheme Tenure – 2021-22 to 2025-26 Financial Outlay - ₹2,99,000 crore (central share - ₹76,760 crore) Cities having million plus population are mandated to take up PPP projects worth minimum 10% of their fund allocation on Annuity/ Hybrid Annuity / BOT Model Promote circular economy of water through formulation of City Water Balance Plan for each city Pradhan Mantri Awas Yojana - Urban (PMAY-U) 2.0 Launch – August 2024 (announced in Union Budget 2024-25) Nodal Ministry – Ministry of Housing and Urban Affairs Objectives – PMAY-U 2.0 with an investment of ₹10 lakh crore, will address the housing needs of one crore families Financial Assistance – Government Assistance of ₹2.30 lakh crore will be provided under the Scheme Tenure – 5 years, up to 2027-28 Eligibility Criterion – Families belonging to EWS/LIG/MIG segments having no pucca house anywhere o EWS (Economically Weaker Section) - annual income up to ₹3 lakh o LIG (Lower Income Group) - annual income from ₹3 lakh up to ₹6 lakh o MIG (Middle Income Group) - annual income from ₹6 lakh up to ₹9 lakh Components: o Beneficiary-Led Construction (BLC) – Financial aid for EWS families to construct houses on their land. For landless beneficiaries, land rights (pattas) may be provided 21 | P a g e o Affordable Housing in Partnership (AHP): Support for EWS beneficiaries to own houses built through different partnerships by States/UTs/ Cities/Public/Private agencies ▪ Redeemable Housing Vouchers will be given to beneficiaries who purchase houses from private projects ▪ Additional grant in the form of Technology Innovation Grant (TIG) @₹1000 per sqm/unit shall be provided to AHP Projects using innovative construction technologies o Affordable Rental Housing (ARH): To provide rental housing for urban dwellers, implemented in 2 models ▪ Model 1: Convert government-funded existing vacant houses into ARH under PPP mode or by private agencies ▪ Model 2: Construct, Operate and Maintain rental housing by Private/Public agencies ▪ TIG for projects using innovative technologies - ₹3,000/sqm by central govt, States/UTs to contribute ₹2,000/sqm o Interest Subsidy Scheme (ISS): Provides benefits of subsidy on home loans for EWS/LIG and MIG families ▪ 4% interest subsidy on first ₹8 lakh over 12 years on home loans up to ₹25 lakh (for house value up to ₹35 lakh) ▪ Beneficiaries will receive a maximum subsidy of ₹1.80 lakh in 5 annual installments Key Features Corpus fund of Credit Risk Guarantee Fund Trust (CRGFT) increased from ₹1,000 crore to ₹3,000 crore Management of CRGFT transferred to National Credit Guarantee Company (NCGTC) from National Housing Bank Includes all statutory towns as per Census 2011 and other notified areas Technology Innovation Grant (TIG) provided for projects using innovative construction technologies Funding shared between Ministry, States/UTs/ULBs, and beneficiaries Central Assistance up to ₹2.50 lakh per unit for AHP/BLC verticals Implemented as Centrally Sponsored Scheme (CSS), except for the Interest Subsidy Scheme (ISS) component, which will be implemented as Central Sector Scheme State/UT share shall be mandatory under PMAY-U 2.0. Apart from the minimum State Share, the State Governments may also provide additional top-up share to increase affordability. Pradhan Mantri Awas Yojana Urban (PMAY-U) Launch – 2015 Ministry of Housing and Urban Affairs Aim – To Achieve housing for all by December 2024 Coverage – All 4041 statutory towns as per Census 2011 with focus on 500 Class I cities Implemented as a Centrally Sponsored Scheme except for the Credit Linked Subsidy component which is a Central Sector Scheme Target Beneficiaries - o Economically weaker section (EWS) – Upto ₹3 Lakh o Middle-Income Groups (MIGs) - ₹6-18 Lakh o Low-income groups (LIGs) - ₹3-6 Lakh Eligibility Criteria – o Beneficiary family should not own a pucca house o Married couple will be eligible for a single subsidy o Low-Beneficiary family have not availed of central assistance/benefit under any housing scheme groups (LIGs) Components – o In-Situ Rehabilitation of Slum Dwellers: Central grant of Rs 1 lakh per house o Affordable Housing in Partnership o Credit Linked Subsidy Scheme Beneficiary-led Individual House Construction/ Enhancement (BLC-N/ BLC-E) Ministry of Labour & Employment Pradhan Mantri Shram Yogi Maandhan (PM-SYM) Yojana Launch – 2019 Ministry of Labour and Employment Central Sector Scheme Eligibility – 22 | P a g e o Unorganized Worker (UW) o Entry age between 18 to 40 years o Monthly Income ₹15000 or below o Should not be income tax payer Minimum assured pension of ₹3000 per month after attaining the age of 60 years Monthly contribution varies from ₹55 per month at the age of 18 years to ₹200 per month at the age of 40 years Family pension is applicable only to spouse Contribution – o 50% by pensioner o 50% by Central government Implemented through - Life Insurance Corporation of India and CSC eGovernance Services India Limited (CSC SPV). In case of death of beneficiary -Spouse shall be entitled to receive 50% of the pension Subscriber gives regular contribution and died - Spouse can continue scheme. Ministry of Commerce & Industry Startup India Initiative Launch Year – 2016 Ministry of Commerce & Industry Implementing Agency - Department for Promotion of Industry and Internal Trade (DPIIT) Aim - To build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities Consist of 19 Action Points to accelerate spreading of Startup movement Action Plan Simplification and Handholding o Startups are allowed to self-certify their compliance under 9 Labour and 3 Environment laws for a period of 3 to 5 years from the date of incorporation o Start-ups Intellectual Property Protection (SIPP) facilitates startups to file applications for patents, designs and trademarks through registered facilitators in appropriate IP offices by paying only statutory fees o Government has notified Startups as ‘fast track firms’ enabling them to wind up operations within 90 days vis-a-vis 180 days for other companies Funding Support and Incentives o Fund of Funds for Startups (FFS) Scheme o Credit Guarantee Scheme for Startups (CGSS) o Startup India Seed Fund Scheme (SISFS) o Income Tax Exemption for 3 years - Recognized startups exempted from income-tax for a period of 3 consecutive years out of 10 years since incorporation Industry-Academia Partnership and Incubation Fund of Funds for Startups (FFS) Launch – 2016 Ministry of Commerce and Industry Monitoring Agency (of Scheme) - Department for Promotion of Industry and Internal Trade (DPIIT) Operating Agency (of Fund) - Small Industries Development Bank of India (SIDBI) Objective - Supporting development and growth of innovation driven enterprises, by facilitating funding needs of Start-ups Corpus - ₹10,000 crore In line with Start-up India Action Plan Scheme does not directly invest in startups, instead provides capital to SEBI-registered Alternative Investment Funds (AIFs), known as Daughter funds o Daughter funds invest money in growing Indian startups through equity and equity-linked instruments 23 | P a g e o AIFs would be monitored by SIDBI o No minimum investment limit in any AIF Credit Guarantee Scheme for Startups (CGSS) Launch – 2022 Ministry of Commerce and Industry Guarantee Coverage – By Department for Promotion of Industry and Internal Trade (DPIIT) Operating Agency – National Credit Guarantee Trustee Company Limited (NCGCTC) Objective – To provide guarantee up to a specified limit against credit instruments extended by Member Institutions (Mis) to finance eligible startups Maximum amount of debt (fund based or non-fund based facilities) eligible for guarantee cover is ₹10 crore per borrower Eligibility Borrower – o Recognized by the DPIIT o Not in default to any lending/investing institution and not classified as Non-Performing Asset (NPA) as per guidelines of the Reserve Bank of India (RBI) o Certified by the Mis for guarantee cover o Reached stage of stable revenue stream, as assessed from audited monthly statements over a 12 months period, amenable to debt financing Member Institutions (Mis) – o Scheduled Commercial Banks and Financial Institutions o RBI registered Non-Banking Finance Companies (NBFCs) having minimum networth of Rs.100 crores and credit rating of BBB and above o SEBI registered Alternative Investment Funds (AIFs) Start-up India Seed Fund Scheme (SISFS) Launch – 2021 Ministry of Commerce and Industry Launched by – Department for Promotion of Industry and Internal Trade (DPIIT) Aim – To provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization Tenure – Approved for 4 years, starting from 2021-22 ₹945 Crore corpus divided over the next 4 years for providing seed funding to eligible startups through eligible incubators across India Eligibility Criteria for startups - Recognized by DPIIT, incorporated not more than 2 years ago at the time of application Should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme Shareholding by Indian promoters in the startup should be at least 51% at the time of application Can avail seed support in the form of grant and debt/convertible debentures each once Ministry of Health and Family Welfare Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (PM-JAY) Launch – 2018 Ministry of Health and Family Welfare Implementing Agency – National Health Authority at National Level Subsumed – Rashtriya Swasthya Bima Yojana (RSBY) launched in 2008. Aim – To cover over 12 crores poor and vulnerable families (approx 55 crore beneficiaries) i.e., bottom 40% of the Indian population. Centrally Sponsored Scheme Beneficiaries – Households according to the latest Socio-Economic Caste Census (SECC) data covering both rural and urban areas on the basis of 6 deprivation and 11 occupational criteria. Health coverage of ₹5 lakh per beneficiary family per annum for secondary and tertiary care irrespective of no. of family members. Covers up to 3 days of pre-hospitalization and 15 days post-hospitalization. 24 | P a g e Benefits can be availed in both public and empanelled private facilities. Children up to 5 years of age avail treatment on the Ayushman Card of their parents Benefits of the scheme are portable across the country Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) Launch – 2021 Ministry of Health and Family Welfare Aim – To strengthen the critical healthcare network from village to block to the district to the regional and national level in the next 4-5 years Centrally Sponsored Scheme with some Central Sector Components Financial Outlay - ₹64,180 crore over 6 years (till FY 25-26) Components – o Setting up comprehensive surveillance of infectious diseases o Creation of comprehensive diagnostics and treatment facilities o Comprehensive pandemic research Earlier known as Prime Minister Atmanirbhar Swasth Bharat Yojana (PMASBY) Scheme Centrally Sponsored Components – o Ayushman Bharat – Health and Wellness Centres (AB-HWCs) in Rural areas o Ayushman Bharat – Health and Wellness Centres (AB-HWCs) in Urban areas o Block Public Health Units (BPHUs) o Integrated Public Health Labs o Critical Care Hospital Blocks Central Sector Components – o 12 Central Institutions as training and mentoring sites with Critical Care Hospital Blocks o Setting up of a National institution for One Health, 4 New National Institutes for Virology, a Regional Research Platform for WHO South East Asia Region and 9 Bio- Safety Level III laboratories Ayushman Bharat Digital Mission (ABDM) Launch – 2020 (in pilot mode) o In September 2021, launched nationwide Ministry of Health and Family Welfare Implementing Agency – National Health Authority Central Sector Scheme Financial Outlay - ₹1,600 crore for 5 years Aim – To develop backbone necessary to support integrated digital health infrastructure of country and create longitudinal Electronic Health Record(EHR) for citizen Components: o ABHA (Ayushman Bharat Health Account) numbers, to which digital health records can be linked ▪ ABHA number is a 14 digit number (Health ID and ABHA are same) o Healthcare Professionals Registry (HPR) o Health Facility Registry (HFR) o ABHA Mobile App (Personal Health Record-System -PHR) o Unified Health Interface (UHI) Microsites Project: cluster of all small and medium scale clinics, nursing homes, hospitals (preferably

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