Fund of Funds for Startups

The Union Cabinet has approved setting up of Fund of Funds for Startups (FFS)
under Small Industries Development Bank of India (SIDBI) for extending
support to Startups.
This 10,000 rupees corpus fund will be established in line with the Start up
India Action Plan, an initiative of Department of Industrial Policy & Promotion
(DIPP)

The FFS will be used for the contribution of various Alternative Investment
Funds (AIF) registered with Securities and Exchange Board of India (SEBI) to
extend funding support to Startups.
. An amount of 500 crore rupees already has been provided to the corpus of
FFS in the fiscal 2015-16 and 600 crore rupees has been earmarked in the
fiscal 2016-17.
Execution and Monitoring: The day to day operations of the FFS will be
managed by the expertise of SIDBI.

SEBI CHAIRMAN : UK SINGHA

HQ

MUMBAI

Ujwal DISCOM Assurance Yojna (UDAY)

The Union Cabinet gave its nod to Ujwal DISCOM Assurance Yojna (UDAY), a new
scheme proposed by the Ministry of Power. (Piyush Goyal)
The scheme aims at alleviating the financial crunch faced by Power Distribution
companies (DISCOMs) that has impaired their ability to buy electricity.
The scheme targets the revival of DISCOMs. It will also ensure a sustainable
permanent solution to the problem

Reduction of cost of power.

Reduction in interest cost of DISCOMs.
Enforcing financial discipline on DISCOMs through alignment with state finances
States will take over the future losses of DISCOMs in a graded manner.
States accepting UDAY and performing as per operational milestones will be
given additional/priority funding through schemes of Ministry of Power and
Ministry of New and Renewable Energy.

Janani Sewa
For the purpose of railway Catering
Launched by Indian Railways
Available at 25 railway stations
Shala Asmita Yojana (SAY)
Launched by Ministry of HRD (Smriti Irani)
ASMITA is acronym for All School Monitoring Individual Tracing Analysis
Smart Village program

Introduced by Gujarat Government

Improve public facilities in the villages

Green Passage scheme

Introduced by Odisha Government

Orphan students to ensure that they get free of cost higher education in
the state.
Orphan students pursuing higher education (from Plus-II level) to postgraduation level, will no longer have to bear the education expenses.
It will be applicable to all government, government aided, private colleges
and universities. Students also will be provided free hostel facilities and
food

Note:
ODISHA CM : Naveen Patnaik
Capital :

Bhuvaneshwar

Chandranna Bima Yojana

Started by Andra Pradesh Govt

Any insured worker who meets an accidental death and permanent
disability will be paid 5 lakh rupees
Any insured worker who suffers partial disability will be paid 3 lakh
rupees.
Under it, about 1.5 crore workers of the state will be covered

Note:
Andhra Cm : ChandraBabu Naidu

Pradhan Mantri Ujjwala Yojana (PMUY)

Providing free of cost LPG (cooking gas) connections to women from

BPL Households
It was launched by Prime Minister Narendra Modi from Maldepur
Morh, Ballia in Uttar Pradesh
The tagline for the scheme is Swachh Indhan, Behtar Jeevan
It is being implemented by Union Ministry of Petroleum and Natural
Gas (DHARMENDRA PRADAN)
To provide cooking gas connections to 5 crore below-poverty-line
beneficiaries over the next 3 years

Scheme allocated Amount 8000 Crore,

2016-17 Initial Amount 2000 crore

Unnat Jyoti by Affordable LEDs for All (UJALA)

It was launched by Union Minister for State (IC) for Power, Coal and
Renewable Energy Piyush Goyal in Bhopal, Madhya Pradesh.
Under it, people of Madhya Pradesh will get subsidiesed 9W energy
efficient LED bulbs by paying just 85 rupees per LED bulb.

Bhimrao Ambedkar Awas Yojana

Launched Jharkhand Government

It was launched by Chief Minister Raghubar Das on the occasion of 125th birth
anniversary of Dr. B R Ambedkar.
Under it, beneficiaries would get an amount of 75000 rupees to build a house in
hilly terrains districts and 70000 rupees in plains area

Adarsh Vidyalaya (AV) Programme

Launched Odisha Govt

To provide modern schools facilities on the lines of Kendriya Vidyalayas in the
underdeveloped rural areas of the state
It was launched by Odisha Chief Minister Naveen Patnaik at Sasan
Ambagaon village in h is home constituency Hinjli in Ganjam district.

Stand-up India scheme

Aimed at providing credit to Scheduled Caste (SC), Scheduled Tribe (ST),

and women borrowers in the non-farm sector.
The scheme is intended to promote entrepreneurship among SC/ST and
women and further give a push to governments financial inclusion
programme
Composite loan between 10 lakh rupees and up to 1 crore rupees will be
provided to SC/ST and women and also inclusive of working capital
component for setting up any new enterprise
Debit Card (RuPay) for withdrawal of working capital. Credit history of borrower
to be developed of these under-banked sections of society
Creation of a corpus of 5,000 crore rupees for credit guarantee through
National Credit Guarantee Trustee Company (NCGTC).
Start Up India Scheme

The scheme aims to push for Entrepreneurship in the country by providing

enabling environment for the entrepreneurs.

Funds of Fund worth Rs 10,000 Crore will be created, for development and
growth of innovative enterprises.

Credit Guarantee Fund Rs 500 Crore per year over next 4 years.

Profits of Start-up units will be tax-free for 3 years.

No labour Inspection for 3 years instead self-certification based regime to be

followed.

Quicker and subsidized (i.e. 80%) patent clearance mechanism to be evolved.

New mobile App to register Start-ups & apply for Online Clearances will be
operational from April 1, 2016.

500 sector specific incubators, including 5 new Bio clusters will be established
across the country.

Under Atal Innovation Mission, seeds fund and Pre- incubation training will be
given.

An innovation programme will be launched in 5 lakh schools across the country

to nurture innovation among 10 lakh children.

Pradhan Mantri Fasal Bima Yojana

There will be a uniform premium of only 2% to be paid by farmers for all Kharif
crops and1.5% for all Rabi crops, while for annual commercial and
horticultural crops it is only 5%.

Balance premium will be paid by the Government to provide full insured amount
to the farmers against crop loss on account of natural calamities.

There is No upper limit on Government subsidy. Even if balance premium is

90%, it will be borne by the Government.

There is no provision of capping the premium rate. Thus, farmers will get claim
against full sum insured without any reduction.

Setu Bharatam Programme

Setubharatam project aims to make all National Highways railway crossing free by the
year 2019, in order to prevent the frequent accidents and loss of lives at level crossings

Under the project, 208 Railway Over Bridges (ROB)/Railway Under Bridges
(RUB) will be built at the level crossings at a cost of Rs. 20,800 crore.

In addition, 1500 new bridges are also proposed to be constructed to replace the
old bridges.

Bharat Uday Abhiyan

This campaign aims to generate nation-wide efforts to increase social harmony

across villages, strengthen Panchayati Raj, promote rural development, and
foster farmers progress.

Gold Monetisation Scheme (GMS),

The GMS will replace the existing Gold Deposit Scheme,1999.

Resident Indians (individuals, HUF, trusts, including mutual funds/exchange

traded funds registered under Sebi norms) can make deposits under the scheme.
Minimum Limit The minimum deposit at any one time will be raw gold (bars,
coins, jewellery excluding stones and other metals) equivalent to 30 grams of
the precious metal of 995 fineness.

Maximum limit There is no maximum limit for deposit under the scheme and

the metal will be accepted at the Collection and Purity Testing Centres (CPTC)
certified by the Bureau of Indian Standards.
Interest Rate Gold Monetisation Scheme can earn up to 2.50 per cent

interest rate on their idle gold.

Tenor The tenor of Short Term 1- 3, medium term would be between 5-7
years while long term would for 12-15 years tenure.

Sovereign Gold Bond Scheme

Instead of buying gold in physical form investors can park their money in bonds

which are backed by gold.

The bonds will be available both in Demat and paper form.
Sovereign Gold Bond has more or equal advantage against the physical gold.

The bond will be issued by RBI on behalf of the Government of India.

Min & Maximum Limit The bond would be restricted for sale to resident Indian

entities and the Min & Maximum allowable limit is 1 to 500 grams per person
per year.
Rate per gram The RBI has fixed the public issue price of sovereign gold

bonds at Rs 2,684 per gram.

Know-your-customer (KYC) norms will be the same as that for purchase of
physical gold. KYC documents such as Voter ID, Aadhaar Card/PAN or TAN
/Passport will be required.

Gold coins and Bullion Scheme

It is Indians first ever Indian gold coin and bullion to be officially

issued by Union Government
The gold coins will bear national emblem Ashok Chakra on one side
and Mahatma Gandhis engraved image on the other side.
Denominations: The coins will be available in denominations of 5 and
10 grams and a 20 gram bullion. Available at: 125 Metals and
Minerals Trading Corporation (MMTC) of India outlets across the
country.
These coins and bullion are easily liquidated.

SEHAT scheme

The Union government launched a telemedicine initiative Sehat in

collaboration with Apollo Hospitals to provide healthcare facilities in
rural areas.
The initiative was launched by Union Communication and IT Minister
Ravi Shankar Prasad at a function in New Delhi.

MUDRA YOJANA OR MUDRA BANK (PMMY)

MUDRA Ltd. stands for Micro Units Development & Refinance

Agency Ltd, is a Non-Banking financial institution being set up by
Government of India for development and refinancing micro units
enterprises. MUDRA Ltd is a statutory body
MUDRA Bank is to be set up with Refinance corpus of Rs 20,000
Crore
The major role of MUDRALtd would be in refinancing and
developing Micro Enterprises
It will provide funds to Non-corporate small business sector.
MUDRA loans are available in three categories For small business

Loans up to 50000/ is available under the Shishu category

(Interest Rate in the range of 10 to 12 %)

Loans beyond 50,000 and up to 5 lakh under the Kishor category

(Interest Rate in the range of 14 to 17%)

Loans beyond 5 lakh and up to 10 lakh under the Tarun category

(starts from 16 %.)

Eligibility Criteria for Participating Banks and Financial Companies

All scheduled commercial Banks in public and private sector with 3

years of continuous profit track record, net NPAs not exceeding 3%,
minimum net worth of Rs.100 cr. and not less than 9% CRAR are
eligible to Lend Loan

All restructured RRBs having net NPA within 3% ( relaxable in

deserving cases), having profitable operations and notcarrying any

accumulated losses and CRAR >9% are eligible under Pradhan

Mantri Mudra Scheme.

MFI, Small Business companies are also eligible if they fulfill the
requirement

MUDRA Card is a RuPay debit card ( Issued by NPCI)

Cash credit / overdraft facility is available.

Cash Withdrawal at ATM or Business Correspondent.

Point of Sale (POS) Transaction facility is available.

Borrower can repay the amount at any time thus reducing the interest
rate.

The fund is expected to guarantee more than Rs. 1 lakh crore worth
of loans to micro and small units.

And the National Credit Guarantee Trustee Company Ltd

(NCGTC Ltd), a wholly-owned company of Government of India
will be the legal Guardian / Trustee of the fund

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

It is a low premium Life insurance scheme which will link with the
Pradhan Mantri Jhan Dhan Yojna

Age limit 18 yrs 50 yrs

Premium payable for this scheme is Rs.330 per year i.e. less than
Rs.1 per day.

Risk coverage of Rs.2 Lakh in case of death for any reason.

Pradhan Mantri Suraksha Bima Yojana

It is an insurance scheme which covers death or disablement of the

policyholder caused due to accident or accidental injuries

Age limit: 18 yrs 70 years.

The scheme will be a one year cover, renewable from year to year and
would be administered through the Public Sector General
Insurance Companies in collaboration with Banks.

Risk coverage: The Pradhan Mantri Suraksha Bima Yojana will offer an
accidental death and full disability cover of Rs. 2 Lakh and for partial
disability cover of Rs. 1 Lakh.

Premium: Rs.12 per annum. The premium will be directly autodebited by the bank from the subscribers account.

Sukanya Samriddhi Yojana (SSY)

It is a small deposit scheme for the girl child.

Age Limit The upper age limit of the girl child for opening this
account is 10 years.

Minimum & Maximum deposit: The minimum deposit under the

scheme is Rs. 1000/-. The maximum deposit is Rs. 1.5 lakhs.

Interest rate: The government will announce the interest rate of the
scheme every year. However, the government of India has increased
the rate of interest from 8.6% (2016-17) for this financial year.

Maturity period: The maturity period of the scheme is 21 years

from the date of account opening, though deposits need to be made
only for the first 14 years.

The minimum lock-in in period under the Sukanya Samriddhi

Yojana is 11 years

Atal Pension Yojana (APY)

It is a scheme mainly for workers in unorganized sector.

The scheme will be administered by the Pension Fund Regulatory
and Development Authority (PFRDA) and replace the previous
governments Swavalamban Yojana NPS (New pension scheme) Lite

Minimum & Maximum pension The subscribers who will joined the
scheme would receive the fixed pension of Rs. 1000 per month,- Rs.
5000 per month, at the age of 60 years, depending on their
contributions.

Age limit: 18 yrs 40 yrs.

A subscriber can contribute for minimum period of 20 years or

more and pension payment will start at the age of 60 years.

The government of India has decided to co-contribute 50% of the

subscribers contribution or Rs. 1000 per annum, whichever is
lower, to each eligible subscriber account, for a period of 5 years, i.e.,
from 2015-16 to 2019-20,.

Note :
Pension sector Regulated By PFRDA
PFRDA Chairman : Hemant Contractor
HQ

: New Delhi

Self Employment and Talent Utilization Scheme (SETU) Scheme:

SETU or Self Employment and Talent Utilization Scheme has received a

thumbs up from various sectors and segments of economy

This will also promote India on a global scale as a preferred innovation

destination of the world
The government has also reduced royalty and related taxes to 10%
from 25 %, especially for technology start-ups
An allocation of Rs. 1000 Crore has been made for SETU Scheme. This
amount will initially rest with the NITI Aayog.
It will involve setting up of incubation centres and enhance skill
development
It aims to create around 100,000 jobs through start-ups

Note:
Niti Ayog (National Institution For Transforming Of India)

Chairman
Deputy Chairman
CEO
Old Name

:
:
:
:

Pm
Arvind Panagariya
Amitabh Kant
Planning Commission

Pratyaksha Hastaantarit Laabh (PAHAL) scheme

The scheme aims at eliminating duplication or bogus LPG connections

and its diversion. It also seeks to meet substantive savings in LPG
subsidy
The worlds largest cash transfer program (households)

Student Credit Card Yojana(SCCY).

Bihar Govt Launched Student Credit Card Yojana

The Aim of this scheme is to provide education loan to 12th Class
pass-out students.
This scheme will be carried out from 2016 till 2021
This Scheme will directly benefit the students interested in higher
education. The government will provide a loan amount of upto Rs. 4
lakhs and that also without any interest

Pradhan Mantri Awas Yojana

Pradhan Mantri Urban Awas Yojana (Scheme) is also known as HFA

which stands for Housing for All !

The Housing for All Scheme is a revolutionary scheme that will

complete in year 2022. It will be a great gift to the Indian Citizens on
the eve of 75th anniversary of our Independence.
The benefit of Pradhan Mantri housing Scheme is that EWS and LIG
Beneficiaries of Economically Weaker section (EWS) and Low Income
Group (LIG) looking for house loan would be eligible for an interest
subsidy at the rate of 6.5% .
This will be valid for 15 years or during tenure of loan whichever is
lower on the initial Rs. 6 Lakh. Any additional loan/s beyond Rs. 6
Lakh, will be at nonsubsidised rate.
There is no limit for the loan amount
This scheme will be implemented from 2015 to 2022.
Aim Providing Quality Homes at affordable prices

Baristha Bunkar Sahayata Yojana

Odisha Government Launches pension Scheme for Bunkars and Elderly

Weavers

Deen Dayal Swasthya Seva Yojana

This scheme will offer Health cover

This scheme can also be said as Goa Governments Health Insurance
scheme
Insurance Cover of Rs. 2.5 per annum for a family of three or
less members
Insurance Cover of Rs. 4 Lakhs per annum for a family of four or more
members

Kalinga siksha sathi yojana

Government of Orissa has introduced a very unique educational loan

scheme for the students who are financially weak and want to pursue
their higher education.

Pradhan Mantri Garib Kalyan Yojana

This scheme is launched by the honorable prime minister of India Mr.

Narendra Modi to help the low class families of the nation in
an attempt to eliminate poverty

Pradhan Mantri Jan Aushadi Scheme

The availability of quality medicine at affordable prices fulfils a basic

necessity for the citizens of any country

Pradhan Mantri Jan Aushadi Yojana aims to provide to every person

who is in need of medicine

Digital payment platform FreeCharge in partnership with Axis Bank has launched Unified
Payments Interface (UPI) that allows instant transactions from a smartphone using a virtual
payment address (VPA).