Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by the Prime Minister on 28th August 2014.
The main objective of this scheme is to provide access to financial services for all households in the country.
Pradhan Mantri Jan Dhan Yojana is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
The slogan of the scheme is: Mera Khata- Bhagya Vidhaata.
Under this scheme, any individual above the age of 10 years, who do not have a bank account, can open a bank account with zero balance.
55 crore new bank accounts have been opened so far through this scheme.
The special benefits for opening bank accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) is:
Zero Balance account.
RuPay debit card with an in-built accident insurance cover of Rs.1 lakh.
Life insurance cover Rs. 30000/-.
After the satisfactory operation of account for 6 months, an overdraft facility of Rs.5000/- will be available only for one bank account per household, preferably to the lady of the household.
The name given to the business correspondent agent engaged by banks for providing banking services at locations where the opening of a branch is not viable is Bank Mitr.
Official Website: http://www.pmjdy.gov.in
Pradhan Mantri Mudra Yojana (PMMY) was launched by the Prime Minister on 8th April 2015.
MUDRA stands for Micro-Units Development and Refinance Agency.
The main objective of the scheme is to provide financial support for the growth of micro-enterprises sector.
There are 3 categories under this scheme:
Shishu: Loan up to ₹50,000 (US$740)
Kishore: Loan ranging from ₹50,000 (US$740) to ₹5 lakhs (US$7,400)
Tarun: Loan above ₹5 lakhs (US$7,400) and below ₹10 lakhs (US$15,000)
The features of this Central Government Scheme include the establishment of Credit Guarantee Fund for MUDRA Units (CGFMU) with the objective to reduce the credit risk to banks, NBFCs, MFIs, and other financial intermediaries, who are member lending institutions (MLIs).
MUDRA Bank will work under Small Industries Development Bank of India (SIDBI).
MUDRA Bank has been started with an initial corpus of Rs. 20,000 crores.
Official Website: http://www.mudra.org.in
Digital India Scheme, part of Pradhan Mantri scheme was launched on 1st July 2015 by the Government of India.
The main objective of the scheme is to deliver government services to citizens electronically by improving online infrastructure and by increasing internet connectivity.
It is based on three areas – Digital Infrastructure as a Utility to Every Citizen, Governance & Services on Demand and Digital Empowerment of Citizens.
Digital Locker, e-education, e-health, e-sign and national scholarship portal are some of the facilities provided by the scheme.
Digital India Scheme has a great impact. Some of the impacts of the scheme by 2019 are:
Broadband in 2.5 lakh villages, universal phone connectivity.
400,000 Public Internet Access Points.
Wi-fi in 2.5 lakh schools, all universities; Public wi-fi hotspots for citizens.
Digital Inclusion: 1.7 Cr trained for IT, Telecom and Electronics.
Jobs Job creation: Direct 1.7 Cr. and Indirect at least 8.5 Cr.
Official Website: http://www.digitalindia.gov.in
The Scheme was launched on 21st February 2016 by the Government of India.
The main objective of the scheme is to create 300 rural clusters across the country and strengthen financial, job, and lifestyle facilities in rural areas.
The scheme aims to enhance the social, economic, and infrastructure development in rural areas of the country.
It is a solution to the problems of villages and cities that would promote the growth of villages and its residents.
Official Website: https://digilocker.gov.in
20. Shyam Prasad Mukherjee Rurban Mission
The Scheme was launched on 21st February 2016 by the Government of India.
The main objective of the scheme is to create 300 rural clusters across the country and strengthen financial, job, and lifestyle facilities in rural areas.
The scheme aims to enhance the social, economic, and infrastructure development in rural areas of the country.
It is a solution to the problems of villages and cities that would promote the growth of villages and its residents.
Official Website: http://rurban.gov.in
21. UJWAL Discom Assurance Yojana
The scheme was launched by Government of India on 20th November 2015.
The main objective of the scheme is to obtain operational and financial turnaround of State-Owned Power Distribution Companies (DISCOMs).
The Scheme aims to reduce the interest burden, reduce the cost of power, reduce power losses in the Distribution sector, and improve the operational efficiency of DISCOMs.
Under the scheme, states shall take over 75% of DISCOM debt as on 30 September 2015 over two years – 50% of DISCOM debt shall be taken over in 2015-16 and 25% in 2016-17.
Official Website: http://powermin.nic.in
22. PAHAL-Direct Benefits Transfer for LPG (DBTL) Consumers Scheme
PAHAL scheme was launched on 1st January 2013 by the Government of India.
The main objective of the scheme is to send the subsidy money of LPG cylinders directly into the bank accounts of the consumers and increase efficiency & transparency in the whole system.
Under this scheme, consumers will need a bank account to join the scheme and receive LPG subsidy.
Consumers will also get one time permanent advance in their bank account prior to buying the first market priced LPG cylinder.
Such a consumer will be called CTC (Cash Transfer Compliant) once he joins the scheme and is ready to receive a subsidy in the bank account.
Official Website: http://dahd.nic.in
23. Namami Gange Project
Namami Gange project is a government initiative which was launched by the Government of India on 10th July 2014.
The main objective is to integrate the efforts to clean and protect the Ganga river in a comprehensive manner.
The project is set to get completed by the year 2020.
Initially, the project was allocated a budget of Rs.2037 crores.
This project will give jobs to many unemployed people.
Official Website: https://nmcg.nic.in
24. Pradhan Mantri Surakshit Sadak Yojana
The scheme was launched on 25th December 2000 by Government of India.
The main objective of the scheme is to provide good all-weather road connectivity to unconnected villages.
Under the scheme, the central government will eliminate dangerous sites where accidents occur more frequently by using better design and road engineering.
The government will also set up railings on hill roads running along deep gorges.
Official website: http://omms.nic.in
25. National Heritage City Development and Augmentation Yojana (HRIDAY)
The scheme was launched by the Government of India on 21st January 2015 with the focus on the development of heritage cities.
The scheme aims to bring together urban planning, economic growth, and heritage conservation to preserve the heritage character of each Heritage City.
The scheme has an outlay of INR 500 crores.
The scheme is implemented in 12 cities- Ajmer, Amaravati, Amritsar, Badami, Dwarka, Gaya, Kanchipuram, Mathura, Purim, Varanasi, Velankanni and Warangal.
Official Website: http://hridayindia.in
26. Pradhan Mantri Awas Yojana-Gramin (PMAY-G)
The scheme was launched by Prime Minister Narendra Modi on 20th November 2016.
Under the scheme, the central government aims to develop 3 Crore homes by the year 2022 in rural areas for poor families including BPL.
It is the renamed version of Indira Awas Yojana.
Under the scheme, financial assistance worth Rs.70,000 in plain areas and Rs.75,000 in difficult areas (high land area) is provided for construction of houses.
A total of 4 crores homes would be constructed in rural areas across the country by 2022.
Official website: http://iay.nic.in
27. Pradhan Mantri Yuva Yojana (PMYY)
Pradhan Mantri Yuva Yojana was launched by the Central government on 9th November 2016.
The main objective of the scheme is to encourage the young generation and also prepare them for global competition.
Under this scheme, all the desirable young entrepreneurs will get a chance to know about skill development program.
The main advantage of the scheme is that the scheme aims to fulfill the imbalance between the GDP and employment and now the young people will be more motivated and contribute more to the workflow.
The budget for the scheme is Rs.499.94 crore for the next 5 years.
There will be nearly 2200 higher educational institutions like colleges and universities, 500 it is, 300 schools and 50 entrepreneurship and skill development center.
Official website: http://msde.gov.in
28. Pradhan Mantri Zero Deficit Zero Effect Scheme
The scheme was launched by Prime Minister Narendra Modi on 15th August 2014.
The main objective of the scheme is to make India a global manufacturing hub and to reduce the bad effects of products on the environment.
The main purpose of this Scheme is to Match the Global quality control standards.
Under this ZED scheme, The Micro Small and Medium Enterprises companies which follow the guidelines set by ZED and meet the standards set by the ZED will be awarded ZED certification along with various benefits.
Generation in Employment, increased social and environmental benefits, reduced rejection etc. are some of the benefits of the scheme.
Official website: http://www.zed.org.in
29. Mission Bhagirathi- Providing safe drinking Water to All
Mission Bhagirathi was launched by the Prime Minister Narendra Modi on 7th August 2016.
The project was started by Government of Telangana with support from Union government.
The main objective of the scheme is to provide safe drinking water to everyone through a dedicated water pipeline.
Its objective is to provide 100 liters of clean drinking water per person in rural households and 150 liters per person in urban households.
Apart from providing safe drinking water, the government also aims to rejuvenate 45000 water tanks in the state.
The expected cost of the project is around Rs.42000 crores.
The project will cover 25000 rural and 67 urban habitations across the state.
Official website: http://www.telangana.gov.in/news/2014/12/15/water-grid
30. Pradhan Mantri Jan Aushadhi Yojana (PMJAY)
Pradhan Mantri Jan Aushadhi Yojana was launched by the Government of India on 1st July 2015.
The main objective of the scheme is to provide medicines at affordable cost across the country.
The scheme aims to open 3000 centers to provide to provide medicines at affordable costs.
Under the scheme, the government aims to sell 500 medicines at the price less than the market price to the people of the country.
Central government provides one-time assistance of Rs.2.5 lakh to private hospitals, NGO’s and other social groups to open Jan Aushadhi stores.
Official Website: http://janaushadhi.gov.in
31. Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY)
Pradhan Mantri Khanij Kshetra Kalyan Yojana was launched by the Government of India on 17th September 2015.
The main objective of the scheme is to implement various development and welfare projects in mining-affected areas to safeguard health, economic and environmental condition of the tribal people.
To implement the scheme, nearly rs.6000 crores will be utilized in the mining sector of different states.
At least 60% of the funds under the PMKKKY has to be used for high priority areas such as drinking water supply, environment preservation and pollution control measures, primary / secondary health care etc.
Up to 40% of the funds can be used for infrastructure projects such as physical infrastructure, irrigation, energy and watershed development and any other measures to enhance environmental quality in the mining
Not more than 5% of the funds can be used for administrative expenses.
Official Website: http://mines.nic.in
32. BHIM (Bharat Interface for money) App
BHIM App was launched by the Prime Minister Narendra Modi on 30th December 2016.
The app is developed by National Payments Corporation of India (NPCI) based on the Unified Payment Interface (UPI).
BHIM allow users to send or receive money to other UPI payment addresses.
BHIM app allows users to check their balance and create their QR code.
It allows a maximum of Rs. 10,000 per transaction and Rs. 20,000 within 24 hours.
Official website: http://bhimapps.in
33. 7th Pay Commission
7th Pay Commission was launched by the Government of India on 28th February 2014.
The main objective of the commission is to examine, review, evolve, and recommend changes that are desirable and feasible regarding the principles that should govern the emoluments structure including pay, allowances, and other facilities/benefits, in cash or kind.
The recommendations of the commission will be effective from 1st January 2016.
Minimum Pay which was Rs. 7000 in the 6th Pay Commission has been fixed now at Rs.18,000/-. A Multiplication factor of 2.57 has been used in arriving at this minimum pay.
Maximum Pay: Maximum Pay of ₹2,25,000 per month for Apex Scale and ₹2,50,000 per month for Cabinet Secretary and others present at the same pay level.
7th Pay Commission has recommended for Uniform Annual Increment of 3%.
Official website: http://7cpc.india.gov.in
34. Setu Bharatam project
Setu Bharatam project was launched by Prime Minister Narendra Modi on 4th March 2016.
The main objective of the project is to free all railway highways free of railway crossing and renovate old bridges by 2019.
Under the project, an investment of Rs. 50,000 crores will be made to build bridges for safe travel on National Highways.
208 Rail over bridges and rail under bridges would be constructed.
1500 bridges would be widened at a cost of Rs.208 billion.
Official Website: http://morth.nic.in
35. Pradhan Mantri Suraksha Bima Yojana (PMSBY)
The scheme was launched by Government of India on 9th May 2015.
The main objective of the scheme is to provide accidental insurance cover to all Indian citizens.
The scheme is open to
all Indian citizens between the age group of 18-70 years.
Under the scheme, the policyholder can get a life insurance cover of Rs. 2 Lakh with an annual premium of just Rs. 12 excluding service tax.
All the Indian citizens between 18-70 years of age with a saving bank account are eligible to avail the scheme.
Official Website: http://www.jansuraksha.gov.in
36. UDAN scheme
37. Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDUGKY)
The scheme was launched by the Union Government on 25th September 2014.
The main objective of the scheme is to develop skills and productive capacity of rural youth from poor families to achieve inclusive growth.
The scheme aims at training 10 lakh rural youths under the age group 0f 15-35 years in three years.
The initial corpus of Rs.1500 crore was allotted for the scheme.
It is a part of the National Rural Livelihood Mission (NRLM) – the Mission for poverty reduction called Aajeevika.
Official Website: http://ddugky.gov.in
38. Pradhan Mantri Sukanya Samriddhi Yojana (PMSSY)
The scheme was launched by the Government of India on 22nd January 2015.
The main objective of the scheme is to secure the future of the girl child.
Under the scheme, a saving account can be opened in the name of girl child and deposits can be made for 14 years.
After the girl reaches 18 years of age, she can withdraw 50% of the amount for marriage or higher study purposes.
The minimum amount of premium to be paid yearly is of Rs.1000 in each account and the installment
for paying the premium can be a multiple of Rs.100.
A maximum of Rs.1, 50,000 can be paid in a financial year.
Under the scheme, transfer of account from the post office to the bank or vice versa is allowed with minimal fees of Rs.100
The investments and returns are exempt from section 80C of Indian income tax act.
Official Website: http://www.nsiindia.gov.in
39. Sagarmala project
Sagarmala project is a Government of India initiative launched on 31st July 2015.
The main objective of Sagarmala project is to develop port infrastructure in India that results in quick, efficient and cost-effective transportation to and from ports.
The scheme aims to boost the country’s economy.
Currently, Sagarmala project focuses on three main points:
Supporting and enabling Port-led Development
Port Infrastructure Enhancement, including modernization and setting up of new ports
Efficient Evacuation to and from the hinterland.
The government has lined up about Rs. 70,000 crore for its 12 major ports only.
Official Website: http://shipping.nic.in
40. Sansad Adarsh Gram Yojana (SAGY)
Sansad Adarsh Gram Yojana is a scheme launched by Prime Minister Narendra Modi on 11th October 2014.
The main objective of the scheme is the development of model villages, called Adarsh villages by social, cultural and infrastructure development of the village.
Under the scheme, development of three villages is targeted up to 2019 and a total of eight villages up to 2014.
Each member of Parliament needs to choose one village from their constituency and develop it under the scheme.
No new funds are allocated for the scheme, funds raised from already existing schemes like Indira Awas Yojana are will used for the scheme.
Official Website: http://rural.nic.in
41. Pradhan Mantri Surakshit Matritva Abhiyan
The scheme was launched by Prime Minister Narendra Modi on 9th June 2016.
The main objective of the scheme is to provide free health check-ups to the pregnant women at government health centers and hospitals.
Under the scheme, all kinds of medical check-ups up to 9 months will be completely free.
These free of cost tests will include blood pressure, sugar level, weight, hemoglobin test, blood test, and screening.
The women from rural areas and semi-urban areas will be given preferences under the scheme.
Official website: https://pmsma.nhp.gov.in
42. Pradhan Mantri Rojgar Protsahan Yojana
The scheme was launched by Central Government of India on 1st August 2016.
The main objective of the scheme is to increase the employment opportunity for unemployed people in the country.
Employees who are getting wages of Rs.15000/- per month and people who are working 240 days in a year are eligible under the scheme.
Under the scheme, the government will pay 8.33% as Employment Pension Scheme on behalf of the employer.
The amount allocated for the scheme is Rs.1000 crores.
Official website: https://pmrpy.gov.in/pmrpy/
43. Midday Meal Scheme
Midday Meal Scheme was launched by the Government of India in 1995.
The main objective of the scheme is to increase the nutritional status of the school-age children across the nation.
The aim of the scheme is to encourage poor children, belonging to disadvantaged sections, to attend school more regularly and help them concentrate on classroom activities.
The scheme serves 120,000,000 children in over 1,265,000 schools and Education Guarantee Scheme centers.
As per the current norms, the primary children are provided 30-gram pulses, 75-gram vegetables, and 7.5 grams vegetables.
According to new 2015 midday scheme rules, in the case of non- supply of meals for specified reasons, food security allowance has to be paid and the school can use other funds if the allotted funds under the scheme get
Official website: http://mdm.nic.in/
44. Pradhan Mantri Vaya Vandana Yojana (PMVVY)
This central government scheme was launched by the Union Finance Ministry on 4th May 2017.
This is a new pension scheme launched exclusively for senior citizens aged 60 years and above.
This PMVVY scheme will be available from 4th May 2017 to 3rd May 2018.
Under this scheme, senior citizens will get a guaranteed interest of 8% for 10 years depending upon the investment made by them.
There are various pension options under this scheme. Check below.
Minimum and maximum purchase price under different modes of pension:
| Mode of Pension | Minimum Purchase Price | Corresponding Pension Amount |
| Yearly | 1,44,578 | 12,000 per annum |
| Half-Yearly | 1,47,601 | 6,000 Half year |
| Quarterly | 1,49,068 | 3,000 per Qtr. |
| Monthly | 1,50,000 | 1,000 per month |
Minimum pension under the scheme is Rs. 1000 while the maximum is Rs. 5000 per month.
No medical examination is required to buy the PMVVY policy.
Official website: http://www.licindia.in/Products/Pension-Plans/Pradhan-Mantri-Vaya-Vandana-Yojana
45. Pradhan Mantri Matritva Vandana Yojana
The scheme was launched in 2010 as Indira Gandhi Matritva Sahyog Yojana (IGMSY).
It was renamed as Matritva Sahyog Yojana in 2014 and as Pradhan Mantri Matritva Vandana Yojana in 2017.
Under the scheme, the government would provide Rs. 6000 aid to pregnant and lactating mothers for the first live birth.
The two main objectives of the scheme are mentioned below:
Providing partial compensation to working women against their wage loss and ensure their proper rest nutrition.
Improving the health of pregnant women and lactating mothers and reducing the effects of under-nutrition through cash incentives.
The total budget of the scheme would be Rs. 12,661 crore for its implementation between January 2017 to March 2020.
Official Website: https://pmsma.nhp.gov.in/
46. Goods and Services Tax Bill
In India, the Goods and Service Tax Bill was officially introduced in 2014 as The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014.
GST or Goods and Service Tax is a tax that is imposed on sale, manufacturing, and usage of goods and services.
It includes State Value Added Tax or Sales Tax, Entertainment Tax, (excluding the tax charged by the local bodies), Entry and Octroi Tax, Central Sales Tax (taxed by the Centre and collected by the State Government), Purchase Tax, Luxury Tax, Taxes on betting, lottery and State cesses and surcharges involved in the supply and consumption of services and goods.
18% of tax will be charged on various services under GST compared to around 15% of service tax charged earlier.
GST will NOT apply on the sale of land/building (Stamp duty will continue to apply).
Reduction in Composition Rates
| Particulars | Earlier Composition Scheme | Now in GST Act |
| Trader | 1% | 0.5% |
| Manufacturer | 2.5% | 1% |
| Restaurant | N/A | 2.5% |
| Service provider | N/A | N/A |
Official Website: https://www.gst.gov.in/
