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RESEARCH PRAPOSL Topic: -“An analytical study of Recently Launched Government Schemes in India (since FY 2014)” •

Introduction:

Introduction of government schemesIt was on May 26, 2014, our Prime Minister Narendra Modi took charge of the Government of India. Since the time he has taken office, certain important decisions have been taken by the Cabinet. The ministries of the Government of India have come up with various schemes from time to time. These schemes could be either Central , state specific or joint collaboration between the Centre and the states. -PM Modi has launched another excellent Insurance Scheme that will offer Life Insurance Coverage for Death due to any reason. The name of the life insurance scheme is PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA. The name of the Bima Yojana is PRADHAN MANTRI SURAKSHA BIMA YOJANA. In this Bima Yojana you would be getting an accidental Insurance of Rs 2 lakhs against the annual premium of Rs 12/-. The government arrange many progressive program for development of india.they launch of government schemes that will bring benefits to the common man. Since the ascent of the NDA government, the launch of large-scale schemes such as the Pradhan Mantri Jan Dhan Yojna has brought much cheer each year. 2017 was relatively low key when compared to previous years and yet there were a number of schemes launched for the benefit of the people. Unlike the PMJDY, however, these schemes were targeted at certain sections of society and not meant for the masses. Though not a scheme, we have included the rollout of GST since it is a significant event and a major reform undertaken in 2017. 1.2 Objective:

•

To understand the government schemes.

•

To study the newly launched government schemes under the new government since 2014

1.4 Research Methodology: The research paper is an attempt of exploratory research, based on the secondary data sourced from journals, magazines, articles, and media reports. Looking into requirements of the objectives of the study the research design employed for the study is of descriptive type. Keeping in view of the set objectives, this research design was adopted to have greater accuracy and depth analysis of the research study. 1.5 Scope of the study: •

Considering the above objectives, the scope of study is to extended only for implementation of government schemes on both at central and state level.

focus on five major schemes that are – •

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

•

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

•

PradhanMantriAtal Pension Yojana(PMAPY)

1.6 Conclusion: - : •

The Pradhan Mantri Jeevan Jyoti Bima Yojana, therefore, helps create a social security system for those in the unorganized sector, with a larger aim of an overall inclusive growth.

Pradhan Mantri Suraksha Bima Yojana scheme is a low cost premium insurance scheme and is affordable to all sections of Indian people and every one have to get enrolled into the scheme so that the nominee or the family members get benefited in case of any eventuality occurs to the insured person. Undoubtedly this is the lowest insurance premium available for life in General Life Insurance companies for an individual. So, even those who got any other life insurance coverage also can opt for this policy.

Chapter included: 1) Topic 2) Introduction 3) Objective 4) Research methodology 5) Scope of study 6) Plan of study 7) Conclusion

EXECUTIVE SUMMARY. The main purpose of this report is to “analytical study of Recently Launched Government Schemes in India (since FY 2014)”. The ministries of the Government of India have come up with various schemes from time to time. The meaning of scheme an official plan that is intended to help people in some way.These schemes could be either Central, state specific or joint collaboration between the Centre and the states.

It has become history when people were conscious about only specific products like the public provident fund and traditional life insurance plans for investments. But things have changed since the our Prime Minister NarendraModi took charge of the Government of India and government turned into these schemes in a new package. The first section deals with introduction of various government schemes, It included 43 schemes and their basic details. Out of these 43 schemes, the five major schemes I have highlighted. In this section, I have given a brief conceptual explanation of government schemes. It contains the objectives and their benefits. In the second section of my report, I have done data analysis of that five schemes to understand what exactly the schemes are and government are providing different types of benefits to their all kinds of people in India this section also contains findings, conclusions and bibliography.

Introduction Introduction of government schemesIt was on May 26, 2014, our Prime Minister Narendra Modi took charge of the Government of India. Since the time he has taken office, certain important decisions have been taken by the Cabinet.

The ministries of the Government of India have come up with various schemes from time to time. These schemes could be either Central , state specific or joint collaboration between the Centre and the states. -PM Modi has launched another excellent Insurance Scheme that will offer Life Insurance Coverage for Death due to any reason. The name of the life insurance scheme is PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA. The name of the Bima Yojana is PRADHAN MANTRI SURAKSHA BIMA YOJANA. In this Bima Yojana you would be getting an accidental Insurance of Rs 2 lakhs against the annual premium of Rs 12/-. The government arrange many progressive program for development of india.they launch of government schemes that will bring benefits to the common man. Since the ascent of the NDA government, the launch of large-scale schemes such as the Pradhan Mantri Jan Dhan Yojna has brought much cheer each year. 2017 was relatively low key when compared to previous years and yet there were a number of schemes launched for the benefit of the people. Unlike the PMJDY, however, these schemes were targeted at certain sections of society and not meant for the masses. Though not a scheme, we have included the rollout of GST since it is a significant event and a major reform undertaken in 2017. In this section, we have attempted to provide you an easy and single point access to information about several welfare schemes of the Government and their various aspects including eligible beneficiaries, types of benefits, scheme details etc. Prime Minister Narendra Modi launched the Digital Media week on Wednesday to push the use of technology to connect and empower people in areas relating to health, education, labour and employment, commerce, etc. The initiative comprises of several projects which will focus on better governance, knowledge and universal phone connectivity across the country. Under this programme, the government plans to introduce Broadband Highways, Universal Access to Mobile Connectivity, Public Internet Access Programme, IT for Jobs and much more. The governance will shift from fom e-governance to m-governance where “M is not Modi Governance, it is mobile governance”. The initiative aims to bring big investments in the

technology sector and this Rs 1.13 lakh crore initiative will help in creating a participative, transparent and responsive government. Congress makes a mockery of itself when it doesn’t realise that basic responsibilities of all governments are the same. Governments are expected to deliver on infrastructure, health, education, employment opportunities, and so on. So, no party has a trademark on construction of roads. Just for the sake of novelty, spaceships can’t be constructed when the requirement is a school. It has become history when people were conscious about only specific products like the public provident fund and traditional life insurance plans for investments. But things have changed since the government turned into these schemes in a new package. What sets Prime Minister Narendra Modi apart is innovation, imagination and implementation. Schemes unthinkable in air conditioned offices are envisioned with the help of ground experience, for example Mudra Yojana. Sectors which were untouched for decades have been reinvigorated and great results are seen, for example Swachh Bharat. The scale of schemes has been huge while implementation has been immaculate.. Our government has made Aadhaar a critical component of public service delivery and made it a part of more than 100 schemes. The Modi government’s proactive use of technology with Aadhaar has helped save more than Rs 50,000 crore in a short span of time Prime Minister Narendra Modi is sets innovation, imagination and implementation. Schemes unthinkable in air conditioned offices are envisioned with the help of ground experience, for example Mudra Yojana. Sectors which were untouched for decades have been reinvigorated and great results are seen, for example Swachh Bharat. The scale of schemes has been huge while implementation has been immaculate.

Review of Literature

All schemes started by our government focus on sound implementation. There are stringent monitoring procedures and flaws are fixed quickly. Jan Dhan Yojana, Mudra Yojana, Ujjwala Yojana, Start Up India, Stand Up India, Fasal Bima Yojana, Swachh Bharat are just a few examples Narendra Modi became Prime Minister of India on 26th May 2014. Since then, he had launched various Government Schemes for the welfare of the citizens of the country. Complete List of Yojanas/Schemes Launched by Indian Government. These schemes can be at the State level, Central level or at, Central and State both. The ministries of the Government of India have come up with various schemes from time to time. These schemes could be either Central , state specific or joint collaboration between the Centre and the states. Prime minister introduce those schemes for common people torelating to health, education, labour and employment, commerce . All schemes started by our government have been innovative, with a view to solving actual problems on the ground. They are not just a result of armchair experts’ theories, but involve a lot of imagination to address issues that people have been facing for decades.

List of the schemes are launched by prime minister in 2014 till 2018. Some of these yojana are listed below: 1)Pradhan Mantri Jan Dhan Yojana (PMJDY) : Launched 28 August 2014 Main Objective: Financial inclusion and access to financial services for all households in the country. Pradhan Mantri Jan Dhan Yojana (PMJDY) is a national mission to bring comprehensive financial inclusion of all the households in the country. Under the PMJDY, any individual above the

age of 10 years and does not ave a bank account can open a bank account without

depositing any money.

The scheme was to ensure the access to financial services such as banking / savings & deposit Accounts, remittance, credit, debit cards, insurance and pension in affordable manner. The scheme was mostly targeted to the people belonging to the Below Poverty Line but is beneficial to everyone who does not have a bank account. Jan Dhan Yojana has seen a great success, about 21 Crore accounts have been opened in just about one and half year under the scheme. Out of the total 12.87 crore in rural area and 8.13 Crore accounts have been opened in urban areas. Despite of zero minimum balance, there is 33074.89 crore rupees balance in these accounts with 28.88% accounts opened with zero balance. Official Website: http://www.pmjdy.gov.in 2)Pradhan Mantri Sukanya Samriddhi Yojana (PMSSY) Launched: 22 January 2015 Main Objective: Secure the future of girl child Sukanya Samriddhi Yojana is an ambitious small deposit savings scheme for a 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 reach 18 years of age, she can withdraw 50% of the amount for marriage or higher study purposes. After the girl completes 21 years of age, the maturity amount can be withdrawn including the interest at rates decided by Government every year. The investments and returns are exempt from section 80C of Indian income tax act. The maximum investment of Rs. 1.5 Lakh per year can be made while minimum deposit is Rs. 1000/per year. In case of more than one girl child, parents can open another account on the different name but only for 2 girl child. Only exception is that the parents have twins and another girl child. Official Website:http://www.nsiindia.gov.in 3)Pradhan Mantri MUDRA Yojana (PMMY)

Launched: 8 April 2015 Main Objective: Financial support for growth of micro enterprises sector. Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana was launched with the purpose to provide funding to the non-corporate small business sector. Pradhan Mantri Mudra Yojana (PMMY) is open and is available from all Bank branches across the country. The small businesses/startups or entrepreneurs can avail loans from Rs. 50 thousand to 10 Lakh to start/grow their business under the three, Shishu, Kishore and Tarun categories of the scheme. As per the official website of PMMY, 27344053 number of loans have been sanctioned under the scheme till 26 February 2016. The amount sanctioned has reached more than Rs. 1 Lakh Crore. Official Website: http://www.mudra.org.in 4)Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Launched: 9 May 2015 Main Objective: Provide life insurance cover to all Indian citizens Pradhan Mantri Jeevan Jyoti Bima Yojana is a government backed life insurance scheme in India aimed at increasing the penetration of life insurance cover in India. The scheme is open and available to all Indian citizens between the age of 18 to 50 years. Under the policy holder can get a life insurance cover of Rs. 2 Lakh with an annual premium of just Rs. 330 excluding service tax. All the Indian citizens between 18-50 years of age with a saving bank account are eligible to avail the scheme. Official Website: http://www.jansuraksha.gov.in 5)Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Launched: 9 May 2015 Main Objective: Provide accidental insurance cover to all Indian citizens Pradhan Mantri Suraksha Bima Yojana is also a government backed accident insurance scheme in India aimed at increasing the penetration of accidental insurance cover in India. The scheme is open and available to all Indian citizens between the age of 18 to 70 years. Under the scheme, the policy holder 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 6)Atal Pension Yojana (APY) Launched: 9 May 2015 Main Objective: Increase the number of people covered under any kind of pension scheme. Atal Pension Yojana is one of the three Jan Suraksha schemes launched by PM Narendra Modi. APY is aimed at increasing the number of pension scheme beneficiaries across the country. The scheme is especially targeted to the private unorganized sector and is open to all Indian citizens between the age of 18 to 40 years. Under the scheme, the beneficiary have to make contribution for at least 20 years before he/she can get pension after attaining age of 60 years. The scheme provides a monthly pension of Rs 1000 to Rs. 5000 per month based on the contribution amount. Official Website: http://www.jansuraksha.gov.in 7)Pradhan Mantri Awas Yojana (PMAY) Launched: 25 June 2015 Main Objective: Achieve housing for all by the year 2022, 2 crore in Urban and 3 Crore homes in Rural areas.

Pradhan Mantri Awas Yojana is an ambitious scheme of Narendra Modi Government. Under the PMAY, the government aims to provide about 5 Crore affordable homes to the people belonging to EWS and LIG categories by the year 2022. There is a target of building 2 crore homes in urban area and 3 crore in rural areas across the country. Under the scheme, the government will provide financial assistance to the poor home buyers, interest subsidy on home loan and direct subsidy on homes bought under the scheme Official Website: http://mhupa.gov.in 8)Sansad Adarsh Gram Yojana (SAGY) Launched: 11 October 2014 Main Objective: Social, cultural, economic, infrastructure developments in the villages, i.e. development of model villages called “Adarsh Gram” Under the Yojana, Members of Parliament (MPs) will be responsible for developing the socio-economic and physical infrastructure of three villages each by 2019, and a total of eight villages each by 2024. Official Website: http://rural.nic.in 9)Pradhan Mantri Fasal Bima Yojana (PMFBY) Launched: 11 October 2014 Main Objective: Provide insurance cover to rabi and kharif crops and financial support to farmers in case of damage of crops. In order to make crop insurance simpler and cheaper for the farmers and to provide them with better insurance services, a Central Sector Scheme of Pradhan Mantri Fasal Bima Yojana (PMFSY) was launched by the Government of India replacing NAIS and MNAIS. Under the new scheme, farmers will have to pay a uniform premium of two per cent for all kharif crops and 1.5 per cent for all rabi crops. The scheme will be implemented from the kharif season this year, i.e. 2016

Official Website: http://agricoop.nic.in 10)Pradhan Mantri Gram Sinchai Yojana (PMGSY) Launched: 01 July 2015 Main Objective: Irrigating the field of every farmer and improving water use efficiency to provide `Per Drop More Crop’. The scheme is aimed to attract investments in irrigation system at field level, develop and expand cultivable land in the country, enhance ranch water use in order to minimize wastage of water, enhance crop per drop by implementing water-saving technologies and precision irrigation. All the States and Union Territories including North Eastern States are covered under the programme. The government has approved Rs.50,000 crore for the implementation of Pradhan Mantri Krishi Sinchai Yojana for next 5 years, i.e. up to 2020. Official Website: http://agricoop.nic.in 11)Pradhan Mantri Garib Kalyan Yojanaye (PMGKY) Launched: April 2015 Main Objective: Implement the pro-poor welfare schemes in more effective way and reaches out to more poor population across the country. Garib Kalyan Yojana is a Poverty Alleviation Scheme, which is primarily a work shop that you can pay and attend. The effort of the campaign and workshop is to motive and appraise the member of parliaments to help them effectively implement the government run schemes for the welfare of poor in the country. Official Website: http://niti.gov.in.

12)Pradhan Mantri Jan Aushadhi Yojana (PMJAY)

Launched: March 2016 (Expected) Main Objective: Provides drugs/medicines at affordable cost across the country. The scheme is a new version of earlier Jan Aushadhi Yojana, to be renamed as Pradhan Mantri Jan Aushadhi Yojana, the scheme aims to open 3000 Jan Aushadhi stores to sell drugs at affordable cost. Under the scheme, over 500 medicines will be sold through Jan Aushadhi stores at price less than the market price. Private hospitals, NGO’s, and other social groups are eligible to open the Jan Aushadhi stores with a onetime assistance of Rs. 2.5 Lakh from the central Government.

13)Official Website: http://janaushadhi.gov.in Make in India Launched: 25 September 2014 Main Objective: To encourage multi-national, as well as domestic companies to manufacture their products in India and create jobs and skill enhancement in 25 sectors. The major objective behind the initiative is to focus on job creation and skill enhancement in 25 sectors of the economy. The initiative also aims at high quality standards and minimising the impact on the environment. The initiative hopes to attract capital and technological investment in India. Official Website: http://www.makeinindia.com 14)Swachh Bharat Abhiyan Launched: 2 October 2014 Main Objective: To fulfil Mahatma Gandhi’s dream of a clean and hygienic India.

Swachh Bharat Mission is being implemented by the Ministry of Urban Development (M/o UD) and by the Ministry of Drinking Water and Sanitation (M/o DWS) for urban and rural areas respectively. Official Website: http://swachhbharat.mygov.in 15)Kisan Vikas Patra Launched: 3 March 2015 (Re-Launched) Main Objective: To provide safe and secure investment avenues to the small investors. Kisan Vikas Patra is an investment scheme wherein the invested money will get doubled in 8 years and 4 months. However, investors would not get any tax benefit for their investment in Kisan Vikas Patra unlike in PPF. The Kisan Vikas Patra certificates would be available in the denominations of Rs 1,000, 5,000, 10,000 and 50,000 and there is no upper limit on investment in KVPs. Official Website: http://www.nsiindia.gov.in 16) Soil Health Card Scheme Launched: 17 February 2015 Main Objective: To help farmers to improve productivity from their farms by letting them know about nutrient/fertilizer requirements for their farms. The soil health card studies and reviews the health of soil or rather we can say a complete evaluation of the quality of soil right from its functional characteristics, to water and nutrients content and other biological properties. It will also contain corrective measures that a farmer should adopt to obtain a better yield. Official Website: http://www.soilhealth.dac.gov.in 17) Digital India Launched: 1 July 2015

Main Objective: To deliver Government services to citizens electronically by improving online infrastructure and by increasing Internet connectivity. The Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. The vision of Digital India programme is to transform India into a digitally empowered society and knowledge economy. Website: http://www.digitalindia.gov.in 18)Skill India Launched: 16 July 2015 Main Objective: Train over 40 crore people in India in different skills by 2022. The main goal of Skill India Program is to create opportunities, space and scope for the development of talents of the Indian youth. The scheme also targeted to identify new sectors for skill development and develop more of those sectors which have already been put under skill development for the last so many years. Official Website: http://skillindia.gov.in 19)Beti Bachao, Beti Padhao Yojana Launched: 22 January 2015 Main Objective: To generate awareness and improving the efficiency of welfare services meant for women. The scheme is to have as focussed intervention and multi-section action in almost 100 districts with low Child Sex Ratio (CSR). Official Website: http://wcd.nic.in 20)Mission Indra dhanush Launched: 25 December 2014

Main Objective: To immunize all children as well as pregnant women against seven vaccine preventable diseases namely diphtheria, whooping cough (Pertussis), tetanus, polio, tuberculosis, measles and hepatitis B by 2020. The aim of Mission Indradhanush is to achieve full immunization in 352 districts which includes 279 mid priority districts, 33 districts from the North East states and 40 districts from phase one where huge number of missed out children were detected. Official Website: http://www.missionindradhanush.in 21)Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) Launched: 25 July 2015 Main Objective: Electric supply feeder separation (rural households & agricultural) and strengthening of sub-transmission & distribution infrastructure including metering at all levels in rural areas. DDUGJY will help in providing round the clock power to rural households and adequate power to agricultural consumers. The earlier scheme for rural electrification viz. Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) has been subsumed in the new scheme as its rural electrification component. Official Website: http://powermin.nic.in 22)Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDUGKY) Launched: 25 July 2015 Main Objective: To achieve inclusive growth, by developing skills and productive capacity of the rural youth from poor families. DDU-GKY aims to train rural youth who are poor and provide them with jobs having regular monthly wages. It is one of the cluster initiatives of the Ministry of Rural Development that seeks to promote rural livelihoods. It is a part of the National Rural Livelihood Mission (NRLM) – the Mission for poverty reduction called Aajeevika.

Official Website: http://ddugky.gov.in 23)Pandit Deendayal Upadhyay Shramev Jayate Yojana (PDUSJY) Launched: 16 October 2014 Main Objective: To consolidate information of Labour Inspection and its enforcement through a unified web portal, which will lead to transparency and accountability in inspections. A Unified Labour Portal, known as the Shram Suvidha portal was launched under the scheme as a platform to facilitate the implementation of a transparent system for information and database management. Official Website: https://www.efilelabourreturn.gov.in 24)Atal Mission for Rejuvenation and Urban Transformation (AMRUT) Launched: 24 June 2015 Main Objective: Providing basic services (e.g. water supply, sewerage, urban transport) to households and build amenities in cities which will improve the quality of life for all, especially the poor and the disadvantaged. The purpose of Atal Mission for Rejuvenation and Urban Transformation (AMRUT) is to (i) ensure that every household has access to a tap with assured supply of water and a sewerage connection; (ii) increase the amenity value of cities by developing greenery and well maintained open spaces (e.g. parks); and (iii) reduce pollution by switching to public transport or constructing facilities for non-motorized transport (e.g. walking and cycling). Official Website: http://amrut.gov.in 25)Swadesh Darshan Yojana Launched: 09 March 2015 Main Objective: Develop world class tourism infrastructure.

As part of the Swadesh Darshan Scheme, theme based tourism circuits (TBCT) around specific themes such as religion, culture, ethnicity, niche, etc. are identified for infrastructure development across the country. Official Website: http://tourism.gov.in 26)National Heritage City Development and Augmentation Yojana (HRIDAY) Launched: 21 January 2015 Main Objective: Bringing together urban planning, economic growth and heritage conservation in an inclusive manner to preserve the heritage character of each Heritage City With a duration of 27 months (completing in March 2017) and a total outlay of INR 500 Crores, the Scheme is being implemented in 12 identified Cities namely, Ajmer, Amaravati, Amritsar, Badami, Dwarka, Gaya, Kanchipuram, Mathura, Puri, Varanasi, Velankanni and Warangal. The scheme is implemented in a mission mode. Official Website: http://hridayindia.in 27)Udaan Scheme Launched: 14 November 2014 Main Objective: Encouraging girls for higher technical education and aims to provide a platform that empowers girl students and provides them with better learning opportunities. It is a mentoring and scholarship scheme to enable meritorious girl students to transit from schools to technical education without much difficulty and also aims to enrich and enhance teaching and learning of mathematics and science at senior secondary school level by providing free online resources for all. Official Website: http://mhrd.gov.in 28)National Bal Swachhta Mission Launched: 14 November 2014 Main Objective: To provide hygienic and clean environment, food, drinking water, toilets, schools and other surroundings to the children.

The Bal Swachhta Mission is a part of the nationwide sanitation initiative of ‘Swachh Bharat Mission’ launched by the Prime Minister on 2nd October, 2014. Official Website: http://wcd.nic.in 29)Standup India Launched: 16 January 2016 Main Objective: To provide support to all start-up businesses in all aspects of doing business in India. Under the scheme, the start-ups will adopt self-certification to reduce the regulatory liabilities. An online portal, in the shape of a mobile application, will be launched to help start-up founders to easily register. The app is scheduled to be launched on April 1. Official Website: http://finmin.nic.in 30)DigiLocker Launched: 01 July 2015 Main Objective: To provide a secure dedicated personal electronic space for storing the documents of resident Indian citizens. It is a part of Digital India programme, Digital Locker has been designed to reduce the administrative overhead of government departments and agencies created due to paper work. It will also make it easy for the residents to receive services by saving time and effort as their documents will now be available anytime, anywhere and can be shared electronically. Official Website: https://digilocker.gov.in 31)Integrated Power Development Scheme (IPDS) Launched: 18 September 2015 Main Objective: To ensure 24/7 power for all.

The Government of India will provide financial support of Rs. 45,800 crore over the entire implementation period of IPDS under which strengthening of sub- transmission network, metering, IT application, customer care Services, provisioning of solar panels will be implemented. Official Website: http://www.apdrp.gov.in 32)Shyama Prasad Mukherji Rurban Mission Launched: 21 February 2016 Main Objective: To create 300 rural clusters across the country and strengthen financial, job, and lifestyle facilities in rural areas. Rurban Mission is a solution for both villages and cities in the country that would promote growth of villages and its residents at the place where they are. Under the mission, the government will identify and develop 300 rural clusters with urban like facilities in the next 3 years. Official Website: http://rurban.gov.in

33)‘Prakash Path’ – ‘Way to Light’ – The National LED Programme Launched: 05 January 2015 Main Objective: To distribute LED bulbs and decrease the power consumption. This is one of the many schemes launched by Narendra Modi government India. The programme has been launched to distribute and encourage the use of LED light bulbs to save both cost and consumption Official Website: http://powermin.nic.in

34)UJWAL Discom Assurance Yojana (UDAY)

Launched: 20 November 2015 Main Objective: 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 Distribution sector, and improve operational efficiency of DISCOMs. Official Website: http://powermin.nic.in 35)National Sports Talent Search Scheme (NSTSS) Launched: 20 February 2015 Main Objective: To Identify sporting talent among students in the age group of 8–12 years. The scheme is being implemented by the Sports Authority of India (SAI), under the Ministry of Youth Affairs & Sports for spotting talented young children in the age group of 8-14 years from schools and nurturing them by providing scientific training. Official Website: http://www.sportsauthorityofindia.nic.in 36)PAHAL-Direct Benefits Transfer for LPG (DBTL) Consumers Scheme Launched: 01 January 2015 Main Objective: 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 the scheme, the LPG consumer can now receive subsidy in his bank account by two methods. Such a consumer will be called CTC (Cash Transfer Compliant) once he joins the scheme and is ready to receive subsidy in the bank account. Official Website: http://dahd.nic.in 37)Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) Launched: 17 September 2015 Main Objective: To Safeguard Health, Environment and Economic Conditions of the Tribals.

Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) is meant to provide for the welfare of areas and people affected by mining related operations, using the funds generated by District Mineral Foundations (DMFs). Official Website: http://mines.nic.in 38)Setu Bharatam Project Launched: 03 March 2016 Main Objective: To free all national highways from railway level crossings and renovate the old bridges on national highways by 2019. Setu Bharatam is an ambitious programme with an investment of Rs. 50,000 crore to build bridges for safe and seamless travel on National Highways. 208 new “road over bridges / road under bridges” are envisaged for construction, while 1500 bridges will be widened, rehabilitated or replaced. Official Website: http://morth.nic.in 39)Pradhan Mantri Ujwala Yojana Launched: Announced, to be launched Main Objective: To distribute free LPG connections to the women belonging to 3.5 Crore BPL families across the country. According the estimates, about 1.50 Crore BPL families will be benefited under the scheme in the year 2016-17. The scheme will cover 3.5 Crore more BPL families in the next two years. The scheme provides a financial support of Rs 1600 for each LPG connection to the BPL households. This is the first ever welfare scheme by the Ministry of Petroleum and Natural Gas which would benefit crores of women belonging to the poorest households. Official Website: http://www.petroleum.nic.in 40). One Rank One Pension Scheme Launched : 5th September 2015

Main Objective -of the scheme is to provide same pension, for same rank, for same length of service regardless of the date of retirement. Ex-servicemen drawing pension will be benefitted by the scheme, especially those who retired before 2006.1000 crore has been allotted by the Finance Minister for the schemePersonnel who voluntarily retire will also be covered under the OROP scheme. In future, the pension would be re-fixed every 5 years. It has also been decided that a One Member Judicial Committee would be constituted which will give its report in six months. Official Website: //wcd.nic.in 41). Gold Monetization Scheme Launched :4th November 2015. Main objective: the scheme is to reduce the gold in physical form in households and any other entities. Under the scheme, people can deposit gold in the bank and earn interest of 2.5% on the value of gold.The minimum deposit at any time can be raw gold (coins, jewellary, and other metals) equal to 30 grams.There is no maximum limit of gold deposition under the scheme. Official Website: //finmin.nic.in 42. Jawaharlal Nehru National Urban Renewal Mission (JnNURM) Launched : 3rd December 2005 . Main objective - the mission is to provide focused attention to integrated development of basic services to the urban poor security of tenure at an affordable price, improved housing, water supply, sanitation etc. The mission was initially for seven-year period i.e. up to 2012, but was extended to 2014 for the completion of projects.The mission was started with the initial amount of Rs. 66,085 in the year 2005 for seven -year period Official website: //jnnurm.nic.in/

43. Pradhan Mantri Yuva Yojana (PMYY) Launched :9th November 2016. Main objective : the scheme is to encourage 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 work flow. Official website: //msde.gov.in

Objective Objective of study:•

To understand the government schemes.

•

To study the newly launched government schemes under the new government since 2014

•

To evaluate the financial benefits for a common man for investing in the government schemes.

Scope Scope of the study:•

Considering the above objectives, the scope of study is to extended only for implementation of government schemes on both at central and state level.

focus on five major schemes that are – •

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

•

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

•

PradhanMantriAtal Pension Yojana(PMAPY)

•

Pratyaksha Hastaantarit Laabh(PaHaL)

•

Pradhan Mantri Awas Yojana(PMAY)

RESEARCH METHODOLOGY Research Methodology of the study The research paper is an attempt of exploratory research, based on the secondary data sourced from journals, magazines, articles, and media reports. Looking into requirements of the objectives of the study the research design employed for the study is of descriptive type. Keeping in view of the set objectives, this research design was adopted to have greater accuracy and depth analysis of the research study.

Secondary data Secondary data consists of information that already exists somewhere, having been collected for another purpose. I have collected secondary data from the websites of different operators and library. Secondary data in this study has provided me an insight and helped me to form an outline for the core objectives established. It also helps me to get elaborate information to do my research. I have referred data from research paper ,journal , and internet which are secondary source of data. •

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

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Pradhan Mantri Suraksha Bima Yojana (PMSBY)

•

Pradhan Mantri Atal Pension Yojana(PMAPY)

•

Pratyaksha Hastaantarit Laabh(PaHaL)

•

Pradhan Mantri Awas Yojana(PMAY)

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DATA ANALYSIS Five Major Government Schemes :Below are the five schemes under the six major sector of the government they are•

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

•

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

•

PradhanMantriAtal Pension Yojana(PMAPY)

•

Pratyaksha Hastaantarit Laabh(PaHaL

•

Pradhan Mantri Awas Yojana (PMAY)

1)Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) •

Pradhan Mantri Jeevan Jyoti Bima Yojana is a government backed life insurance scheme in India aimed at increasing the penetration of life insurance cover in India.

•

Under the policy holder can get a life insurance cover of Rs. 2 Lakh with an annual premium of just Rs. 330 excluding service tax.

•

The scheme is available to all Indian citizens between the age of 18 to 50 years.

•

All the Indian citizens between 18-50 years of age having a saving bank account are eligible for the scheme.

•

This scheme will be linked to the bank accounts opened under Pradhan Mantri Jan Dhan Yojana.

•

Eligibility:Bank Savings Bank (SB) Account holders between 18 years (completed) and 50 years (age nearer birthday) who have given the consent to join the scheme / enable auto-debit, as per the modality, will be enrolled into the scheme.

•

Policy period: The cover shall be for one year starting from June 1 to May 31 of next year. For the Savings Account holder joining on or after June 1, the cover shall commence from the date of premium debit and end on May 31 of next year.

•

Premium: Rs. 330 (per annum).

•

Payment Mode: The premium will be directly auto-debited by the Bank from the subscribers’ Saving Account held with the Bank. This is the only mode available currently. For renewal of the policy, it will be auto debited between May 25 and May 31, unless the customer has given the cancellation request to the Bank for the policy.

•

Risk Coverage: Sum Assured of Rs. 2 Lakh on death of the Insured member for any reason is payable to the Nominee.

•

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a one-year life insurance scheme, renewable from year to year, offering coverage for death. The cover under PMJJBY is for death only and hence benefit will accrue only to the nominee. PMJJBY is a pure term insurance policy, which covers only mortality with no investment component.

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This is how the break-up of the premium works

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Insurance Premium to the insurance company: Rs.289 per annum per member

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Reimbursement of expenses to agent/bank: Rs.30 per annum per member

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Reimbursement of administrative expenses to the participating bank: Rs.11 per annum per member.

Age at entry

Minimun:18 years

Maximum:50 years Maximum Maturity Age

55 years (age near birthday)

Policy Term

One year renewable

Sum Assured

Rs. 2 Lakh

Premium Amount

Rs

330/-(including

service

tax

and

administrative charges) Lien Period

45 days from the date of enrolment into the scheme

Objective •

Increasing the penetration of life insurance to the poor people who are otherwise not able to avail life insurance policies (in fact health/accidental) due to high insurance premiums and providing Jan Suraksha i.e. social security to all Indians.

•

Also as India’s younger generation don’t have any pension to take care after retirement, securing financial future of their family in their absence will be of utmost important which would be taken care under PM Jeevan Jyoti Bima Yojana.

•

Life insurance corporation of India will offer this scheme

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Other insurers are also eligible to participate

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Insurance companies will tie-up with banks for this purpose. Check out list of banks which would offer this insurance for their customers.

Benefits•

Death Benefit- In case of demise of the insured person the PMJJBY provides a death coverage of Rs2,00,000 to the beneficiary of the policy.

•

Maturity Benefit- As this is pure term insurance plan, PMJJBY does not offer any maturity or surrender benefit.

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Tax Benefit- The premium paid towards the policy is eligible for tax deduction under section 80C of Income Tax Act. In case the insurance holder fails to submit form 15 G/15 H then any life insurance proceeds exceeding Rs. 1,00,000 will be taxable by 2%.

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Risk Coverage- PMJJBY provides a risk coverage of 1 year. Nevertheless, as this is renewable policy it can be renewed yearly. Moreover, the policyholder can also opt for a longer duration more than a year by auto debit option linked to your saving bank account.

2)Pradhan Mantri Suraksha Bima Yojana (PMSBY) – •

Pradhan Mantri Suraksha Bima Yojana is also a government backed accident insurance scheme in India aimed at increasing the penetration of accidental insurance cover in India.

•

The scheme is open and available to all Indian citizens between the age of 18 to 70 years.

•

Under the scheme, the policy holder 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 1870 years of age with a saving bank account are eligible to avail the scheme.

•

Prime Minister Narendra Modi has launched another flagship social security scheme Pradhan Mantri Suraksha Bima Yojana (PMSBY) which is an accidental death and disability insurance scheme.

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Pradhan Mantri Suraksha Bima Yojana is a social security scheme offered by the government to the people in the Below Poverty Line category. Accidents don't occur based on whether an individual is rich or poor. However, a personal accident insurance is affordable only by the rich and middle income groups. Understanding the plight of the poor, the Indian government launched the PMSBY scheme after the success of Pradhan Mantri Jan Dhan Yojana scheme.

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The death benefit of PMSBY is up to Rs.2 lakhs. In the case of total disability such as the loss of both hands or eyes, the insurance cover is up to Rs.2 lakh. In the case of partial disability such as the loss of one limb or eyes, the sum assured is Rs.1 lakh. The insurance premium of PMSBY scheme is Rs.12 per annum for each member. The premium amount will be deducted from the bank savings account of the policyholder via auto-debit facility every June.

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Accidents take place on a daily basis in India and although the rich and the middle class can afford to take accidental insurance, the poor find it difficult to take accidental insurance as the premium payment is too high. The government realised this problem and announced Pradhan Mantri Suraksha Bima Yojana as a social security scheme that will provide compensation to the deceased’s family. The premium payment is low and affordable by the poor.

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Pradhan Mantri Suraksha Bima Yojana is Indian Government’s accidental insurance cover which was announced in the 2015 Budget. This scheme was launched to provide personal accident insurance to the high risk category such as mechanics, labourers, truck drivers which involves a lot of travelling. It is also one of the cheapest insurance cover. The scheme also covers both partial and permanent disability cover.

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A large part of the Indian population lives in rural areas and most of them are not covered under any kind of social security scheme. Table of Benefits

Sum Insured(in Rs.)

1

Death

Rs. 2 lakh

2

Total and irrecoverable loss of both eyes or loss Rs 2 Lakh of use of both hands or feet.

3

Total and irrecoverable loss of sight of one eye Rs 1 lakh ns loss of use of one hand or one foot

Thorough research carried out by Indian Government regarding the option of any insurance coverage possessed by common masses in India is estimated to be about 20% only. To increase this percentage and to bring common people into this protection coverage in February 2015 Budget, the Finance Minister Mr. Arun Jaitely announced this low cost Pradhan Mantri Suraksha Yojana scheme. Later this scheme was launched by Mr. Narendra Modi on 9th May, 2015 in Kolkot

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Eligibility: Bank Savings Bank (SB) Account holders between 18 years (completed) and 70 years (age nearer birthday) who give their consent to join / enable auto-debit, as per the modality, will be enrolled into the scheme.

•

Policy period: The cover shall be for one year starting from June 1 to May 31 of next year. For the Saving Account holder joining on or after June 1, the cover shall commence from the date of premium debit and end on May 31 of next year.

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Premium: Rs. 12 per annum.

•

Payment Mode: The premium will be directly auto-debited by the Bank from the subscribers savings account held with the Bank. This is the only mode available. For renewal of the policy, it will be auto debited between May 25 and May 31, unless the customer has given a cancellation request to the Bank for the policy.

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Risk Coverage: Total coverage (sum-insured) under the scheme is Rs. 2 Lakh.

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In case of two persons holding a savings bank joint account both the individuals have to pay separate annual premium to get in to the insurance scheme.

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People who are having any other insurance coverage also can join this policy.

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Rs.12 paid as annual premium will give a protection coverage for one year starting from June 1st to 31st May of next year. So the subscribers have to pay the premium before 31st of May every year or can give a consent to your savings bank authority to auto debit this amount every year from your bank account.

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Individuals who leave the scheme at sometime also can re-join in future years by paying annual premium.

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The insurance protection coverage starts from 1st of the month subsequent to the date of joining to the scheme.

Objective •

Currently it is almost impossible for poor people to buy any kind of insurance policy to due to unaffordable premiums. Once this scheme is launched insurance penetration will widen and it is believed that everyone would get a minimum basic cover.

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Public sector general insurance companies and others wishing to participate will offer PMSBY scheme.

Benefits of Suraksha Bima Yojana •

Premium: Cheapest insurance premium of just Rs. 12 per year. (As per my knowledge, this is cheapest insurance premium in the world). This amount would be auto-debited from the policy holder’s account directly.

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The nominee of the insured person will get Rs.2,00000 in case of death or loss of two eyes or loss of two hands or loss of two feet and will get a benefit of Rs.1,00000 in case of loss of sight of one eye and loss of use of one hand or one foot.

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If a person is having many accounts in different banks and try to insure in many banks but one insurance coverage only is permissible.

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But the individual can possess any other insurance scheme other than this Pradhan Mantri Suraksha Bima Yojana.

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The individual who got insured under this scheme if crosses 70 years of age, the insurance coverage comes under termination and he/she won't get any return from the insurance company.

3.Pradhan Mantri Atal Pension Yojana(PMAPY) – For Senior Citizen:“Minimum investment maximum benefit” •

The Atal Pension Yojana is a boon for the workers of unorganized sector. This scheme will guarantee pension for all Indians who are over the age of 60. In your early years, You can contribute to the scheme and when you get old, you will get the benefits. The benefits in the form of monthly pension and the amount will depend on your earlier contribution.

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The government will also contribute and it will depend on a number of factors. The ministry of Finance will provide support to the Atal Pension Yojana.

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APY aims to help these workers save money for their old age while they are working and guarantees returns post retirement. The scheme also promises a co-contribution by Central Government of 50% of the total prescribed contribution by a worker, up to Rs. 1000 per annum, but only to those who joined APY before 31.12.2015.

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Those are eligible for pradhan mantra atal pension yojana who are: 1.An Indian citizen 2. Have a valid bank account 3. Are between 18 and 40 years of age.

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Atal Pension Yojana is one of the three Jan Suraksha schemes launched by PM Narendra Modi. APY is aimed at increasing the number of pension scheme beneficiaries across the country. The scheme is especially targeted to the private unorganized sector and is open to all Indian citizens between the age of 18 to 40 years.

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Under the scheme, the beneficiary have to make contribution for at least 20 years before he/she can get pension after attaining age of 60 years. The scheme provides a monthly pension of Rs 1000 to Rs. 5000 per month based on the contribution amount.

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APY is a periodic contribution based pension plan and promises a fixed pension of Rs 1000/ Rs 2000/ Rs 3000/ Rs 4000 or Rs 5000. Your monthly contribution depends upon the fixed amount of monthly pension you want and the age when you start Contributions end and pension starts at 60 years of age. Therefore, even if you join APY at 40 years of age you need to pay premium for a minimum of 20 years to avail the pension. The following table elaborates on the monthly contributions based on your pensio ..

Age of Years joining

of Monthly

contribution

Monthly pension to Return

to

the

contribution

the subscribers and nominee of the

calculation(in Rs)

his spouse(in Rs)

subscribes(in rs)

18

42

210

5000

8.5Lakh

20

40

248

5000

8.5Lakh

25

35

376

5000

8.5Lakh

30

30

577

5000

8.5Lakh

35

25

902

5000

8.5Lakh

40

20

1454

5000

8.5lakh

Benefits ofPradhan Mantri Atal Pension Yojana(PMAPY):•

Every contributor will surely get pension. also they will get a fixed amount of pension.

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The amount received in forms of pension per month can reach up to re.5000.

•

It is like a good form of investment for the middle class.

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It will inculcate a habit of saving to the poor people in the society.

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The government will contribute either Rs.1000/- or a sum of 50% of the contribution of the subscriber it will depend on which is lower and the government will pay the lower one.

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This scheme is especially beneficial for those who do not have any financial cover.

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It provides guaranteed pension of Rs 1,000 to Rs 5,000 (as explained above) to the subscribers. The scheme also allows a subscriber to decrease or increase pension amount during the course of accumulation phase, once an year.

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In case of death of subscriber, the spouse of the subscriber shall be entitled for the same amount of pension till his or her death. And after the demise of both spouse and subscriber, the nominee will be entitled to receive the pension money that the subscriber had accumulated till 60 years of a

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However if the subscriber dies before 60 years, the spouse will have the choice to either exit the scheme and claim the accumulated amount or continue maintaining the account under the subscriber's name for the remaining vested years. The spouse of the subscriber shall be entitled to receive the same pension amount as the subscriber until death of the spouse in the latter case.

4)Pratyaksha Hastaantarit Laabh(PaHaL) •

The Prime Minister, Shri Narendra Modi, toda, in a high level meeting, PaHaL (Pratyaksha Hastaantarit Laabh), the Direct Benefit Transfer Scheme for LPG Subsidy.

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PaHaL, which covers more than. 9.75 crore LPG consumers, is perhaps the world’s largest cash transfer program as compared to similar programs in other countries, such as China, Mexico and Brazil.

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Shri Dharmendra Pradhan, the Minister of Petroleum and Natural Gas, made the presentation on PahaL to the Prime Minister at the high level meeting.

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Under PaHaL, LPG cylinders are sold at market rates and entitled consumers get the subsidy directly into their bank accounts. This is done either through an Aadhaar linkage or a bank account linkage.

•

PaHaL aims to reduce diversion and eliminate duplicate or bogus LPG connections.

•

The Prime Minister conveyed his congratulations for the scheme having witnessed massive enrolment in a short span of time. As on date, 9.75 crore LPG consumers have joined the scheme. This is 66% of the total consumer base of 15 crore.

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An amount of Rs. 3654 crore has already been transferred into the bank accounts of LPG consumers through 9.25 crore transactions. The modified scheme has put in place various mechanisms to simplify enrolment and enhance consumer convenience, and thus, only 1.09 lakh complaints have been received so far, which constitute a mere 0.1% of the transactions. Over 85% of the complaints have been resolved.

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Preliminary data from 54 districts indicate that the growth of subsidised LPG has reduced significantly accompanied by a corresponding increase in sale of commercial LPG. This indicates that the scheme will enable substantive savings in subsidy which can then be deployed for other productive purposes, without reducing any entitlements of existing consumers.

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The success of the scheme is a result of an intensive Information Education Campaign comprising advertising through various means, direct reaching out to consumers, and dealer level campaigns. The Ministry of Petroleum and Natural Gas has undertaken several innovative measures such as guardian officers for each district, deployment of technology by use of SMS, and a single window portal https://www.mylpg.in/ to enable consumers to join the scheme. This portal is an important step in bringing transparency and gives details of who is benefiting from subsidy.

•

The Prime Minister said that after Pradhaan Mantri Jan Dhan Yojana, this is the next big scheme which will substantially benefit the economy. He directed that all steps should be taken to bring the remaining LPG consumers into the fold of PaHaL as soon as possible. He wanted Aadhaar enrolment and linkages with bank accounts to be expedited, taking advantage of the Pradhan Mantri Jan Dhan Yojana. The Prime Minister has also asked for an impact analysis of the programme to be conducted in a professional manner.

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The Prime Minister complimented the staff and management of Oil PSUs and dealers for the successful rollout of the scheme.

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Prime Minister Narendra Modi said direct cash transfer schemes like the "PAHAL Yojana" will bring an end to black-marketing and subsidies will reach people more effectively.

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Expressing satisfaction at the registration of 10 crore citizens as part of the "PAHAL Yojana", the prime minister said the scheme has a major role in nationbuilding.

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Gives me great joy to know that over 10 crore citizens have been registered as a part of the PAHAL Yojana. A momentous accomplishment. This makes PAHAL Yojana among the largest cash transfer schemes in the world," he said.

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Congratulating the beneficiaries and officials, Modi said: "PAHAL Yojana will bring an end to black-marketeering and subsidy will reach people more effectively. Its role in nation-building is important."Modi reviewed the progress of the direct benefit transfer of LPG (DBTL) scheme - Pratyaksh Hanstantarit Labh (PAHAL) - for paying consumers subsidy on cooking gas (LPG) directly into their bank accounts.

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The scheme aims to reduce diversion and eliminate duplicate or bogus LPG connections.

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The Prime Minister has been actively batting for the PAHAL Yojana which he earlier described as the next big scheme which will substantially benefit the economy after the Jan Dhan financial inclusion programme.

•

The direct benefit transfer scheme was re-launched in 54 districts 15 November, 2014, and is envisaged to cover over 15.3 crore consumers across 676 districts of the country.

LPG being an essential commodity, its supply and distribution has been regulated by various regulations to control the trade and illegal diversion. However, the prevention of such activities has at best been minimal, primarily due to the large scale of the LPG supply chain. Over 16 crore households use it for cooking purposes at highly subsidized rates. To prevent this diversion PaHaL Scheme for Direct Benefit Transfer for LPG Subsidy was launched. •

PaHaL (Pratyaksh Hanstantrit Labh)) aims to reduce diversion and eliminate duplicate or bogus LPG connections. Under PaHaL, LPG cylinders are sold at market rates and

entitled consumers get the subsidy directly into their bank accounts. This is done either through an Aadhaar linkage or a bank account linkage. •

Scheme has witnessed massive enrolment in a short span of time. As on date, 9.75 crore LPG consumers have joined the scheme. This is 66% of the total consumer base of 15 crore.

•

The success of the scheme is a result of an intensive Information Education Campaign comprising advertising through various means, direct reaching out to consumers, and dealer level campaigns. The Ministry of Petroleum and Natural Gas has undertaken several innovative measures such as guardian officers for each district, deployment of technology by use of SMS, and a single window portal www.mylpg.in to enable consumers to join the scheme. This portal is an important step in bringing transparency and gives details of who is benefiting from subsidy.

Objective of PaHal: 1)Remove incentive for diversion 2)Protect entitlement and ensure subsidy to the comsumer. 3)Improve the availability og LPG cylinders for genuine users. 4)Weed out fake or duplicate connection. 5)Allow self selection in subsidy

Benefits to the consumer

•

Once the customer is enrolled in PAHAL and books cylinder for the first time, he/she will

get

cash

subsidy (Rs.

568)

as

an

permanent

advance

directly into

their bank account which can be used to pay for the first cylinder. •

This advance then can be used to buy 12 LPG cylinders weighing 14.2 Kgs OR 34 5 Kgs cylinders.

Subsidy amount = Current subsidised rate – market price. This difference amount is credited to the customer’s bank account. •

New LPG’s would be available in the market in a much simpler way as compared to previous process as back logs would be reduced.

5)Pradhan Mantri Awas Yojana (PMAY)-

Pradhan Mantri Awas Yojana (PMAY), with two components

1)Pradhan Mantri Awas Yojana (Urban) (PMAY-U) for the urban poor and 2)Pradhan Mantri Awaas Yojana (Gramin) (PMAY-G and also PMAY-R) for the rural poor.

Is an initiative by Prime Minister Narendra Modi of India in which affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022. Cumulative total number of funded houses approved thus far is 39,25,240 in urban area including the subsumed RAY scheme and completion of construction of 5 million rural houses by March 2018 and 10 million rural houses by March 2019 (c. Feb 2018). This Mission has four components viz., In-situ Slum Redevelopment with private sector participation using land as resource, Affordable Housing through Credit Linked Subsidy, Affordable Housing in Partnership with private and public sector and Beneficiary led house construction/enhancement. The features of Pradhan Mantri Awas Yojana are that the government will provide an interest subsidy of 6.5% on housing loans availed by the beneficiaries for a period of 20 years under credit link subsidy scheme(CLSS) from the start of a loan. the houses under Pradhan Mantri Awas Yojana would be constructed through a technology

that is eco-friendly, while allotting ground floors in any housing scheme under PMAY, preference will be given to differently abled and older persons.

Eligibility criteria: Condition for PMAY: (a) Beneficiary max age 70 years, (b) EWS (Economic Weaker Section) annual income Less than Rupees 3 Lac and LIG (Lower Income Group) Annual Income 3,00,001 to 6,00,000 Lac INR as well as MIG(Mid Income group) since Feb 2017, and (c) The beneficiary should not have an own dwelling unit on the name of any family member in any part of India. · Any household with total annual income between Rs.6 lakh to Rs18 lakh can apply for the PM Awas Yojana. The applicant is allowed to include the income of the spouse while applying for this scheme. · Indian citizens who are women may apply. No other demographic will be considered as long as they are women. · The beneficiary can only buy a new house in order to enjoy Pradhan Mantri Awas Yojana benefits. People who already own a house are not eligible to apply for this scheme. No pucca should be owned by the beneficiary or member of the family, in any part of the country.

· People will be allowed to buy/construct new houses only. One cannot avail PMAY benefits on already built house.

Below table show the subsidy amount on household income as per category of family income of people. Targeted

income Annual

household Interest subsidy

group

income

Economically

Up to 3 lakh

Subsidy

Amount

limit 6.5%

Up to 2.67 lakh

Income 3 to 6 lakhs

6.5%

Up to 2.67 lakhs

Income 6 to 12 lakhs

4%

Up to 2.35 lakhs

3%

Up to 2.30 lakhs

Weaker section(EWS) Lower Group(LIG) Middle

Group(MIG 1) Middle

Income 12 to 18 lakhs

Group(MIG 2)

PMAY scheme comprises of Four key aspects.

•

It aims to transform slum areas by building homes for slum dwellers in collaboration with private developers.

•

It plans to give a credit-linked subsidy to weaker and mid income sections on loans taken for new construction or renovation of existing homes.

•

Affordable Housing in Partnership with Public & Private sectors

•

Subsidy for beneficiary-led individual house construction /enhancement.

Objective of PMAYscheme

The visionary Pradhan Mantri housing Yojana scheme focus on four categories includes: •

Building and/ or enhancing the houses led by legatees

•

Promotion of ‘Affordable Housing’ for weaker section through credit linked subsidy

•

Rehabilitation of existing slum dwellers with private sector participation using land as resource

•

Affordable housing in association with private and government fundin

Beneficiaries Under the Pradhan Mantri Awas Yojana Pradhan Mantri Awas Yojana targets specific groups like: •

Women

•

Scheduled Caste

•

Scheduled Tribe

•

Economically weaker section of the society

•

Low income group population

•

Medium income group 1

•

Medium income group 2

ANALYSIS OF ABOVE FIVE SCHEMES:-

Name of Launched Period

Age

schemes

group

Date

Beneficiary Purpose

PMJJVY

9

May 1

2015

year 18 to 50 nearly 3.11 Life

renewable year

crore

insurance

people

PMSBY

9

May 1

2015

year 18 to 70 Near 10.01 Accidental

renewable years

crore

insurance

people

PMAPY

9

May 5 years

2015 PaHal

18 to 40 30 years

01

3 months

January

people

Above 18 - Nearly 33 LPG years

crore

2015

PMAY

25 2015

lakh Pension

subsidy

people

June 7 years

No

age 2.30

limit

as people

long

as

you

are

eligible for home loan

lakh Housing

FINDINGS:•

Pradhan Mantri Jeevan Jyoti Bima Yojana is focused to provide insurance coverage for death due to any reason to all the citizen of India especially unorganized sector workers with motto of “Jan Dan se Jan Surakhsa”.Pradhan Mantri Jeevan Jyoti Bima Yojana is attractive due to its flexibility throughout easy and clear process, easy claim process, highly reliable and economical term insurance service.

•

Thorough research in Pradhan Mantri surakha Bima Yojana carried out by Indian Government regarding the option of any insurance coverage possessed by common masses in India is estimated to be about 20% only

•

The Atal Pension Yojana in tends to bring pension benefits to people of the unorganized sector so that they can enjoy social security with a minimum contribution per month.APY offers an option to plan your retirement. APY saves money for your retirement.APY offers an option to make yourself independent in the age of senior citizen.

•

The success of the Pratyaksha Hastaantarit Laabh (PaHaL scheme is a result of an intensive Information Education Campaign comprising advertising through various means, direct reaching out to consumers, and dealer level campaigns

•

In pradhan mantra awas yojana Any person who is buying a home for the first time will have to pay an 8% GST, provided he/she takes a home loan through the Credit Linked Subsidy Scheme (CLSS) under the PMAY.

CONCLUSION:-

•

The Pradhan Mantri Jeevan Jyoti Bima Yojana, therefore, helps create a social security system for those in the unorganized sector, with a larger aim of an overall inclusive growth.

•

Pradhan Mantri Suraksha Bima Yojana scheme is a low cost premium insurance scheme and is affordable to all sections of Indian people and every one have to get enrolled into the scheme so that the nominee or the family members get benefited in case of any eventuality occurs to the insured person. Undoubtedly this is the lowest insurance premium available for life in General Life Insurance companies for an individual. So, even those who got any other life insurance coverage also can opt for this policy.

•

The Atal Pension Yojana is a good way forward to provide of a fixed amount to workers in the unorganized sector who lack access to social security.It is really important for these entire schemes to be implemented and run well in order to get to the vision through which these schemes have been launched.

•

The Pratyaksha Hastaantarit Laabh scheme aims to reduce diversion and eliminate duplicate or bogus LPG connections.The Prime Minister has been actively batting for the PAHAL Yojana which he earlier described as the next big scheme which will substantially benefit the economy after the Jan Dhan financial inclusion programme.

•

In pradhan mantra awas yojana During the allotment of housing, priority shall be given to handicapped individuals and senior citizens. Endeavour shall be on providing rooms for the handicapped and senior citizens at ground floors, so that it becomes really easy for them in future.

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