Professional Documents
Culture Documents
SCHEMES IN INDIA
1. SUKANYA SAMRIDDHI YOJANA
Sukanya Samriddhi Yojana is a small scale savings scheme for your daughter’s education and marriage. It’s a part
of government’s ‘Beti Bachao and Beti Padhao mission’.
The government through this scheme wants to convey a message that if a parent could make a proper plan for
their girl child, they can definitely improve and secure their daughter’s future.
Key points:
For whom– The scheme is suitable for every parent with a girl child with the aim of channelizing savings for their
education and marriage.
Costs involved– Annual contribution ranges from a minimum of Rs 1000 to a maximum of Rs 150000.
It’s a voluntary pension scheme introduced with an aim of fulfilling retirement needs. It is regulated by the
Pension Fund Regulatory & Development Authority (PFRDA) which provides the tax benefits for investment up to
Rs 50,000 under section 80CCD in addition to Rs 150000 under section 80C. Hence, your total annual deduction
comes to Rs 200000.
Key points:
For whom– It is ideal for individuals who do not have anyone to look after them post-retirement.
Costs involved– The minimum contribution is Rs 1000 while there is no cap on the maximum contribution.
Benefits– Fulfills your retirement need and also offer a tax benefit
This is suitable for the economically weaker sections of the society who do not even have a bank
account. Pradhan Mantri Jan Dhan Yojana offers basic financial services like a Savings Account, Deposit Account,
Insurance, Pension, and Remittances etc.
Key points:
For whom- For individuals who do not have any access to basic financial services. It is suitable for individuals
working in an unorganized sector.
Benefits– It provides zero balance savings account, debit card facility and accident and life cover of Rs 100000 and
Rs 30000 respectively.
It’s a government-backed long-term savings scheme which aims to benefit self-employed people to save for their
retirement. It offers tax benefit under 80 C of the Income-Tax Act and provides a tax-free return on maturity. You
can also open PPF account for your wife and children.
Key points:
For whom- Suitable for salaried class people and small business owners.
Eligibility– Any adult can open the account on his or her own name or on behalf of a minor.
Costs involved– Annual contribution ranges from a minimum contribution of Rs 500 to a maximum of Rs 1,
50,000.
National Savings Certificate is a small scale saving and tax savings investment in India. It is a government savings
bond issued for a time period of five and ten years and is very popular among the rural masses
You can purchase this bond from any Post Office in India and can be kept as collateral security to get a loan from
banks.
Key points:
For whom- Suitable for Government employees, Businessmen and other salaried classes who are Income Tax
assesses.
Eligibility- Any adult can open the account on his or her own name or on behalf of the minor.
Costs involved- Minimum investment can be Rs 100 and investment up to INR 1,00,000/- per annum qualifies for
IT Rebate under section 80C
Benefits- Provides annualized return of 7.6% and qualifies for IT rebates under 80C.
Atal Pension Yojana, a government backed pension scheme intended to provide pension benefits with a minimum
contribution per month. This scheme is targeted to the unorganized sector and provides pension benefits with a
minimum contribution per month.
Under this social security scheme, for every contribution made to the pension fund, the Central Government
would also co-contribute 50% of the total contribution or 1,000 per annum, whichever is lower, to each eligible
subscriber account, for a period of 5 years. But the subscriber has to contribute for a period of 20 years or more
under this scheme.
It was introduced to help the low-income group of the society like maids, drivers or security guards. Upon the
death of the contributor, the nominee can claim for the accumulated corpus or pension money.
Key points:
For whom- It’s for people under the low-income group or who’s not a part of the tax bracket
Costs involved- For a monthly pension of Rs 1,000, an 18-year-old will have to contribute Rs 42 per month for 42
years while a 40-year-old subscriber will have to invest Rs 291 per month for 20 years
Benefits- Provides fixed monthly pension between Rs 1000 to Rs 5000 post retirement
It is a life insurance scheme backed by the Government of India. It was introduced in the 2015 budget by our
finance minister, Arun Jaitley. This scheme aims to increase the number of insurers in India which is currently very
low.
Key points:
For whom- It’s for an individual who is the sole earning member of the family and have dependents under
him/her
Eligibility- Anybody who has a bank account and falls under the age group between 18 to 50 years can avail the
scheme
Benefits- It ensures a term insurance cover of Rs 200000 to the dependents in case of the policyholder’s death.
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
A pension program
that allows people to
make voluntary
Atal Pension Ministry of contributions within a
May 9, 2015 Pension
Yojana Finance certain range with a
matching government
contribution to receive
pension in the future.
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
comprehensive
Central medical care facilities
Government MoHFW 1954 Health to central government
Health Scheme employees and their
family members.
Create an enabling
Deendayal environment to ensure
Disabled equal opportunities,
MoSJE April 1, 2003 Social Justice
Rehabilitation equity, social justice
Scheme and empowerment of
persons with
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
disabilities.
It is a Government of
India project to
Deen Dayal engage rural youth,
Upadhyaya Rural especially BPL and
September 25, Rural
Grameen development SC/ST segments of
2014 Development
Kaushalya ministry the population, in
Yojana[1] gainful employment
through skill training
programmes.
technology.
Creation of scientific
storage capacity with
allied facilities in rural
areas to meet the
requirements of
farmers for storing
farm produce,
Gramin Bhandaran processed farm
MoA March 31, 2007 Agriculture
Yojana produce and
agricultural inputs.
Improve their
marketability through
promotion of grading,
standardisation and
quality control of
agricultural produce.
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
Provides financial
Pradhan Mantri assistance to rural
1985 Restructured
Gramin Awaas MoRD Housing, Rural poor for constructing
on 25 June 2015
Yojana their houses
themselves.[3]
A cash incentive of
Pradhan Mantri Rs. 4000 to women
Matritva Vandana MoWCD 2010 Mother Care (19 years and above)
Yojana for the first two live
births[4]
conditional upon
registration
at Anganwadi centres
and vaccination of
newborn children.
Self-employment
programme to raise
the income-generation
capacity of target
Deen Dayal groups among the
Rural
Upadhyaya MoRD 1978 poor. The scheme has
Development
Antyodaya Yojana been merged with
another scheme
named Swarnajayanti
Gram Swarozgar
Yojana (SGSY).
A programme to
improve the quality of
Jawaharlal Nehru life and infrastructure
National Urban Urban in the cities. To be
MoUD December 3, 2005
Renewal Mission Development[5] replaced by Atal
(JnNURM) Mission for
Rejuvenation and
Urban Transformation.
Educational facilities
(residential schools)
Kasturba Gandhi for girls belonging
MoHRD July 2004 Education
Balika Vidyalaya to SC, ST, OBC,
minority communities
and families below the
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
Scholarship
programme to
encourage students to
Kishore Vaigyanik take up research
MoST 1999
Protsahan Yojana careers in the areas of
basic sciences,
engineering and
medicine.
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
Insurance to cattle
and attaining
Livestock qualitative
MoA Agriculture
Insurance Scheme improvement in
livestock and their
products.
Financial assistance
National Scheme to fishermen for
on Welfare of MoA Agriculture construction of house,
Fishermen community hall for
recreation and
common working
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
Personality
National Service development through
MoYAS 1969
Scheme social (or community)
service.
Public assistance to
its citizens in the case
National Social of unemployment, old
Assistance MoRD August 15, 1995 Pension age, sickness and
Scheme disablement and in
other cases of
undeserved want.
(SPEF).
Integrated
Pradhan Mantri development
Adarsh Gram MoRD July 23, 2010 Model Village of Schedule
Yojana Caste majority villages
in four states.
To provide
encouragement to
youth for development
Skill of employable skills by
Pradhan Mantri
development providing monetary
Kaushal Vikas MoSD&E[11] April 2015[12]
initiative rewards by
Yojna[10]
schemes recognition of prior
learning or by
undergoing training at
affiliated centres.
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
It envisages a "Slum
Free India" with
inclusive and
equitable cities in
Rajiv Awas Urban
MhUPA 2013 which every citizen
Yojana[14] Housing
has access to basic
civic infrastructure and
social amenities and
decent shelter.
Achieve 4% annual
growth in agriculture
Rashtriya Krishi through development
MoA August 1, 2007 Agriculture
Vikas Yojana of agriculture and its
allied sectors during
the XI Plan period.
Health insurance to
poor (BPL), domestic
Rashtriya workers, MGNERGA
Swasthya Bima MoHFW April 1, 2008 Insurance workers, rikshaw-
Yojana pullers, building and
other construction
workers, and many
other categories as
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
may be identified by
the respective states.
Tuberculosis control
RNTCP MoHFW 1997 Health
initiative.
Aims at all-round
development of
Adolescent Boys and
make them self-
reliant, gender-
Saksham or Rajiv sensitive and aware
Gandhi Scheme Skill citizens, when they
MoWCD 2014
for Empowerment Development grow up. It cover all
of Adolescent Boys adolescent boys (both
school going and out
of school) in the age-
group of 11 to 18
years subdivided into
two categories, viz.
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
Empowering
adolescent girls (Age)
of 11–18 years with
focus on out-of-school
girls by improvement
Sabla or Rajiv in their nutritional and
Gandhi Scheme Skill health status and
MoWCD 2011
for Empowerment Development upgrading various
of Adolescent Girls skills like home skills,
life skills and
vocational skills.
Merged Nutrition
Programme for
Adolescent Girls
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
Providing additional
wage employment
Sampoorna
September 25, Rural Self and food security,
Grameen Rozgar MoRD
2001 Employment alongside creation of
Yojana
durable community
assets in rural areas.
To make banking
facility available to all
citizens and to get 5
Financial crore accounts
Swabhiman MoF February 15, 2011
Inclusion opened by Mar 2012.
Replaced by Pradhan
Mantri Jan Dhan
Yojana.
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
pension scheme to
To be replaced the workers in
September 26,
Swavalamban MoF by Atal Pension Pension unorganised sector.
2010
Yojana Any citizen who is not
part of any statutory
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
pension scheme of
the Government and
contributes between
Rs. 1000 and Rs.
12000/- per annum,
could join the scheme.
The Central
Government shall
contribute Rs. 1000
per annum to such
subscribers.
Training programme
Udisha MoWCD Child Care
for ICDS workers.
Opportunity to the
Voluntary income tax/ wealth tax
Closed on 31
Disclosure of June 18, 1997 defaulters to disclose
December 1998
Income Scheme their undisclosed
income at the
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
urban poor by
enabling them to
access gainful self-
employment and
skilled wage
employment
opportunities.
discriminated as
against a male child.
or occupations and
processes that are
harmful to the health
of the child.
The objective of this
project is to help job-
seekers land up at the
job they deserve.
Under this scheme, an
online job-portal
National Career Ministry of named as National
Service Labour and 20 July 2015 Employment Career Service portal
(India) (NCS) Employment has been launched
which acts as a
common platform for
Job-seekers,
employers, skill
providers, govt.
departments,
placement
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
organisations and
counsellors. The
portal possesses mre
than 3.11 crore
registered job-seekers
and more than 9 lakh
employers from
across the country.
Under the scheme, 1
crore of the poorest
among the poor (BPL,
below poverty line)
families covered
Antyodaya Anna December 25, under the targeted
Yojana 2000 public distribution
system are identified.
Issue of ration cards
following the
recognition of
Antyodaya families;
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
Pradhan Mantri
[21]
Bhartiya Janaushadhi
Pariyojana’ is a
campaign launched
by the Department of
Pharmaceuticals,
Govt. Of India, to
provide quality
medicines at
Pradhan
affordable prices to
Mantri Bhartiya Jan Government Generic
1 July 2015 the masses through
Aushadhi Kendra of India Medicine
special kendra’s
(PMBJK)
known as Pradhan
Mantri Bhartiya Jan
Aushadhi Kendra.
Pradhan Mantri
Bhartiya Jan
Aushadhi Kendra
(PMBJK) have been
set up to provide
generic drugs, which
Outlay/Status
Scheme Ministry Date of Launch Sector Provisions
statistics
enterprise. This
enterprise may be in
manufacturing,
services or the trading
sector. In case of non-
individual enterprises
at least 51% of the
shareholding and
controlling stake
should be held by
either an SC/ST or
Woman entrepreneur.
Loans can be applied
online through
the Standup
Mitra or Udyami
Mitra portals.
INVESTORS WHO ARE INVESTING IN VARIOUS SOCIAL
SCHEMES (FOR THE UPLIFTING OF UNDER
PRVILEDGES SOCIETY) IN INDIA
1) JAMSETJI NUSSERWANJI TATA was one who knew how to acquire and how to dispose of a fortune,” wrote
Frank Harris in Jamsetji Nusserwanji Tata: A Chronicle of His Life. Jamsetji’s “breadth of vision and genius
for organization” combined with his altruistic and benevolent nature was at the core of the Tata Group's
philosophy of giving back to society. The trusts are working with the government to develop tier one, tier
two and tier three centers, and are going to provide a cancer care facility in each medical college so that
there is more access The Tata Trusts, which hold two-thirds of the shareholding of Tata Sons, have also
worked tirelessly to uplift the underprivileged sections of society.
2) KIRAN MAZUMDAR-SHAW or Nadar — put aside less than 0.2% of their wealth for philanthropy, compared
to at least 2% by their US counterparts.
‘
3) AZIM PREMJI- he also transferred some shares to the Trust or the Foundation he had set up in 2001. All
told, between 2001 and 2019, Premji donated Wipro shares worth nearly $12 billion in a staggered manner
to the endowment. This includes the announcement made by Premji earlier this year, where he made the
country’s single-largest donation, transferring economic ownership of 34% of his shares in Wipro worth
$7.5 billion to Azim Premji Philanthropic Initiatives and Azim Premji Trust.
It was fired by the spirit of his mother, Gulbanoo M.H. Hasham Premji, a trained doctor who spent a
lifetime helping set up a children’s orthopedic hospital at Haji Ali in Bombay, even while she served as
chairperson of Wipro after the death of her husband in August 1966.
“Amongst the key influences on him were his mother’s example of having set up and run a charitable
hospital for children for 50 years, and Mahatma Gandhi’s idea of trusteeship of wealth," said Anurag Behar,
chief executive officer of Azim Premji Foundation. “He actively started thinking of philanthropy in 1999-00
including setting up the Foundation"
4) NEETA AMBANI - "At Reliance Foundation, our vision is to build an inclusive India by pioneering a holistic
model to address our nation’s multifaceted development challenges, and contribute to its collective
aspirations. Central to our philosophy is the commitment to enhance the quality of life of people from
marginalized and vulnerable communities, by empowering them and catalyzing change through innovative
and sustainable solutions. Our steadfast endeavor is to create replicable and scalable models of
development through an integrated approach in the true Reliance spirit of maximizing societal value for all,
and making it a movement."
On the occasion of Daan Utsav, CNBC-TV18's Varinder Bansal caught up with Rakesh Jhunjhunwala for a quick
update on where his current charity activities stand and understand his philosophy on the act of giving