Sustainable Action for Transforming Human Capital (SATH) Programme 👉 The idea is to demonstrate best practices in health and education which can later be replicated by other states. National Mission on Transformative Mobility & Battery Storage 👉 This mission is at the heart of India’s electric vehicle push. Transformation of Aspirational Districts Programme (TADP) 👉…
Background and Purpose 👉 In short, AIM is the umbrella mission for innovation, supporting students, startups, industries, and states. Strategy of AIM 2.0 AIM 2.0 strengthens India’s innovation landscape in three ways: Key Initiatives under AIM (i) Atal Tinkering Labs (ATLs) (ii) Atal Incubation Centers (AICs) & Atal Community Innovation Centers (ACICs) (iii) Mentor India…
Sovereign Gold Bond Scheme (SGB) 👉 Significance: Provides a safe investment in gold, reduces reliance on physical gold, and helps control India’s gold imports. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 👉 Aimed at providing low-cost life insurance to the poor and vulnerable. Pradhan Mantri Suraksha Bima Yojana (PMSBY) 👉 Extremely low premium scheme ensuring…
Background and Purpose Eligibility Taxation Benefits Deposit Quantity Objectives Tenure and Types of Deposits The scheme has three types of deposits, each with a different lock-in period and return: Type of Deposit Tenure Lock-in Period ROI (Rate of Interest) Who Accepts Deposit? Denomination (Principal & Interest) Short Term Bank Deposit (STBD) 1–3 years 1 year…
Background and Purpose 👉 Its purpose is very clear: to provide a sustainable retirement income and to cultivate the habit of saving for old age among citizens. Beneficiaries and Coverage Objectives Structure of Accounts (i) Tier I Account (ii) Tier II Account Contribution and PRAN Investment Choices – 3 Funds Offered Subscribers can choose how…
Background and Purpose 👉 In short, PMMY was designed to “fund the unfunded”—bringing millions of small entrepreneurs into the formal financial system. Objectives Key Institution – MUDRA Ltd. Loan Categories (Based on Stage of Business Growth) 👉 These categories symbolize the growth stages of an enterprise → from “infant” (Shishu) to “youth” (Tarun). Salient Features…
Background and Nature of Scheme 👉 In short, PMVVY is a pension-cum-insurance scheme that gives elderly people financial security and stability Objectives Salient Features (i) Guaranteed Pension (ii) Investment Limits (iii) Tax Treatment (iv) Premature Exit (v) Loan Facility (vi) In Case of Death 4. Significance ✅ In summary:The Pradhan Mantri Vaya Vandana Yojana (PMVVY)…
Background and Purpose Key Objective Eligibility Criteria Salient Features (i) Loan Coverage and Security (ii) Interest Rate and Repayment (iii) Handholding and Support (iv) Convergence with Other Schemes Refinancing Mechanism Significance ✅ In summary:The Stand-Up India Scheme is not just about giving loans—it is about building entrepreneurial confidence among disadvantaged groups. By combining credit (loans)…
Background and Purpose 👉 Exception: In case of twins or triplets, more than two accounts are allowed. Objectives Account Opening Deposits Interest Rate Maturity and Withdrawals Additional Features Tax Benefits ✅ In summary:Sukanya Samriddhi Yojana is a targeted small savings scheme under Beti Bachao Beti Padhao, designed to give parents a structured way of securing…
Background and Purpose 👉 Each child gets a Permanent Retirement Account Number (PRAN) in their own name. Objective Nature of the Scheme Role of Guardian Contribution Details Withdrawal and Exit Rules (i) Lock-in and Partial Withdrawal (ii) On Attaining 18 Years of Age (iii) On Death Documentation Grievance Redressal ✅ In summary:The NPS Vatsalya Yojana…
