Some Govt Schemes Imp

Interview Bundle PDF Course – Banking Schemes
Banking Schemes
Pradhan Mantri Jan Dhan Yojana:
Establishment: August 28, 2014
Objective: To provide easy access to financial services such as Remittance, credit, Insurance, Pension,
savings & Deposits Accounts to poor and needy section of our society.
Features:
● Zero Balance Account can be opened by Individuals.
● Overdraft Facility is available.

● Transfer of money is Simple
● The overdraft facility of Rs.10,000 is available is available
● The amount Deposited earns Interest Rate

● Accidental Insurance cover – Rs.2 lakh.
Eligibility:
● Must be a citizen of India Should be at least 10 years of age You should not have bank account.
Benefits:
● You will be eligible for Direct Benefit Transfer as well as other welfare schemes by the
government. Interest earned for the Deposited amount.
● Free Insurance cover to cover the financial risks associated with Accidental death or disablement.
● Over Draft allows you to access to funds in financial emergencies.

● Account holders can check their balance using the mobile banking facility.
Pradhan Mantri Surakhsha Bima Yojana (PMSBY):
Establishment: May 9, 2015

Objective: Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme
in India
Premium: Rs. 20 per annum

Features:
1. After the insured's untimely death in an accident, the policy's beneficiaries will get the death
benefit.
Click Here For Interview Bundle PDF Course | Click Here For Bundle PDF Course
If there are any suggestions/ errors in this PDF contact us via this email: support@guidely.in 1
2. The amount of the health insurance premium is automatically deducted from the associated
savings account.
3. Applicants can opt for a long-term coverage or an annually renewable plan, depending on their
needs.
4. The exit and re-entry procedures are straightforward.
5. It comes with a number of tax advantages.
Eligibility:
1. This health insurance policy provides accidental insurance coverage at a low cost.
2. If the insured dies in an accident, the policy gives financial assistance to his or her dependents.
3. The insured no longer has to worry about missing premium payment deadlines with the auto-debit
option.
4. The policy provides secure processing as well as ongoing coverage.

5. The insured has the option of continuing or terminating the plan as they see fit.
Coverage: Rs. 2 lakhs for Permanent total disability and Rs. 1 lakh for Permanent Partial Disability
Pradhan Mantri Jeevan Jyoti Yojana (PMJJBY):
Establishment: 2015
Objective: Life insurance plan specially designed for underprivileged families in India
Premium: Rs. 436 annually

Features:
1. Simple Renewal
It gives one year of life insurance and can be renewed every year.
2. More comprehensive insurance coverage
PMJJBY provides life insurance coverage of Rs. 2 lakh for a yearly payment of Rs. 436.
3. There Are No Maturity Benefits

Because it is a term insurance plan, the policy solely covers life risks and no maturity benefits can be
collected.
4. Only a savings account is required.
To purchase this plan, the policyholder must have a savings bank account, and it can be purchased at
any partnered banks in India that have tie-ups with LIC and other private insurance providers.
5. No-hassle procedures
The coverage for life insurance begins 45 days following the date of enrolment. However, in the event of
death as a result of an accident, the total assured amount will be paid. Even if a policyholder leaves the
scheme for whatever reason, he or she can simply rejoin it.

Eligibility
 The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who
give their consent to join / enable auto-debit.
 Aadhar would be the primary KYC for the bank account.
PradhanMantri Mudra Yojana (PMMY):
Establishment: April 8, 2015 under the Companies Act 2013.
Objective: To encourage entrepreneurs and small business units to expand their capabilities and
operations, to reduce over indebtedness and to provide formal system of credit (finance).
Loan Limit: Loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises.
Provider: Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.
Eligibility:
1. Should be a citizen of India
2. Age limit: 18 years to 65 years

3. Requirement of credit must be upto Rs. 10 Lakh.
4. The loans are basically for people having a business plan in a Non-Farming Sector with Income
generating activities like the following:

● Manufacturing
● Processing
● Trade
● Service Sector
Products:
1. Shishu: Covering Loans up to Rs.50,000
2. Kishore: Covering Loans above Rs.50,000 to Rs.5 lakh
3. Tarun: Covering Loans above Rs.5 lakh to Rs.10 lakh
Kisan Credit Card Scheme:

Introduced in: 1998
Recommendation: R V Gupta Committee
Objective: This scheme is introduced especially to provide financial support for farmers. Its main
objective is to meet the comprehensive credit requirements of the agriculture sector and fisheries and
animal husbandry by giving financial support to farmers.
Participating Organisations: All commercial banks, Regional Rural Banks, and state co-operative banks.
Eligibility:
● Farmers-Individuals/Joint borrowers who are owner-cultivators.

● Self Help Groups or Joint Liability Groups of farmers which include tenant farmers, share
croppers etc.
● Tenant farmers, Share Croppers and Oral lessees etc.

Benefits:
1. To meet the short-term credit requirements for the cultivation of crops.
2. Providing insurance coverage
3. Providing working capital for activities allied to agriculture such as dairy animals, inland fishery
etc
4. Offering protection against loss of crops due to pest attacks, natural calamities, etc.
Pradhan Mantri KisanSammannNidhi (PM KISAN)
Establishment: 2019
Aim: To supplement the financial needs of the small and marginal farmers by procuring various farm
inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm
income at the end of each crop cycle
Income Support: Income support of Rs.6000 per annum is provided to all eligible farmer families across
the country in three equal instalments of Rs.2000 each every four months
Eligibility: Small and marginal farmer families having combined land holding/ownership of upto 2
hectares.
Gold Monetization Scheme:
Establishment: 2015
Aim: To mobilize gold held by households and institutions in the country and put them to productive use.
The scheme aims to bring down the import of gold in the long term.
Eligibility:
1. The minimum amount of gold which will be accepted as a deposit is 30 grams of 995 fineness
2. Resident Indians -Individuals, HUFs, Proprietorship & Partnership firms
Features & Benefits:
1. Mobilise Idle Gold
2. Earn Interest
3. This scheme Provides Short term(1-3yrs) , Medium deposits (5-7yrs) and long term (12-15yrs)
with no Maximum investment limit
4. This scheme allows Premature Withdrawal Facility after a minimum lock-in period
Sovereign Gold Bond Scheme

Introduced in: November 2015
Objective: To reduce the hassles involved with gold investments, as bullion and other physical forms of
investments required proper and secure storage.

Issued by: Reserve Bank of India
Limit- 1 gram to 4 kgs.

For entities such as trusts and universities, 20 kgs of gold are permissible.
Maturity Period: 8 years. Can Exit the bond from the Fifth year
Benefits:
1. To get a lower price than physical gold when applied online.
2. Fixed interest rate on these gold bonds.
3. Gold bonds have no holding or storage cost.
Atal Pension Yojana (APY)
Introduced: 9 May 2015

Objective: To provide social and financial security to people in their old age by enabling them to make
regular savings during their productive years
Eligibility:
 Any Citizen of India can join the APY scheme.

 The age of the subscriber should be between 18 - 40 years.
 He / She should have a savings bank account/ post office savings bank account.
Features & Benefits:

1. Automatic debit
2. Guaranteed pension
3. Tax Exemptions
4. In the event of the premature death of the subscriber, the Government has decided to give an option
to the spouse of the subscriber to continue contributing to APY account of the subscriber, for the
remaining vesting period, till the original subscriber would have attained the age of 60 years.
Small Savings Scheme

Public Provident Fund:
Establishment: 1968
Objective: The main objective of PPF scheme is to help individuals make small savings and provide
returns on the savings. The PPF scheme offers an attractive rate of interest and no tax is required to be
paid on the returns that are generated from the interest rates.
Tenure: 15 Years
Interest rate: 7.1%
Eligibility:
1. Only Indian Citizens

2. Minimum- Rs.500
Maximum- Rs.1.5 lakh per annum
3. No Age Limit
The following documents have to be produced at the time of activation of a public provident fund
account –
a. KYC documents verifying the identity of an individual, such as Aadhaar, Voter ID, Driver’s
License, etc.
b. PAN card.
c. Residential address proof.

d. Form for nominee declaration.
e. Passport sized photograph.
Benefits:
1. Good returns
2. Risk free and Guaranteed returns

3. Flexibility of Tenure
4. Liquidity with Partial Withdrawal and Loan Facilities
Sukanya Samriddhi Yojana:

Establishment: 2015
Objective: To ensure the financial independence of women by encouraging them to invest in a savings
scheme that would enable them to fulfill their long-term life goals and dreams like higher education,
marriage, etc. and ensure financial stability.

Tenure: 21 years of age of a girl child or upon her marriage attaining the age of majority (18 years).
However, contributions only need to be made for 15 years.

Interest Rate: 7.6%
Eligibility:
1. It can be opened in the name of a girl child, by her parents or legal guardians, any time before the girl
child attains 10 years of age.
Only one account per girl child is allowed.
Benefits:
1. Highest Interest Rate among all Small Savings Schemes offered by Government of India
2. Tax benefits are extended to the maturity amount too
3. Lock in Period is one of the best features of this scheme.
4. Guaranteed Maturity Benefits
5. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited during the ongoing
financial year.
Senior Citizens Savings Scheme:
Establishment: 2004
Objective: The main objective of the SCSS is to provide an assured return (paid every quarter) to senior
citizens, and in doing so to create a guaranteed regular income flow.
Tenure: 5 years
Interest rate: 7.6%
Eligibility:
1. Available to any resident individual aged 60 years and above.
2. Individuals who have attained 55 years but are less than sixty years old are
also eligible to apply for the senior citizens savings scheme provided they have retired under
applicable superannuation or VRS rules.
3. The scheme is also available for the retired defense personnel irrespective of above-mentioned
age limits subject to fulfillment of other terms & conditions.
Benefits:
● The investment done under this scheme is tax-deductible under Section 80C, of the Income Tax
Act, 1961 up to Rs. 1.5 lakh per annum.

● Flexibility in Investment amount – One can invest any amount in multiples of Rs. 1,000 up to the
maximum cap of Rs. 15 lakhs. However, only one-time lump sum investments are allowed
● The account comes with an initial maturity term of 5 years however this can be further extended
to another 3 years. This encourages senior citizens to have this saving scheme as a medium or a
long term investment .
National Savings Certificate:

Objective: The primary intention of the scheme is to provide the people with an opportunity to open
a savings investment in a manner which is simple. The National Savings Certificate investment scheme
can be opened by an individual at any post office in the country.
Tenure: Certificates under VIII issue mature in 5 years while the certificates under IX issue mature in 10
years.
Interest Rate: 6.8%

Eligibility:
1. All resident Indians are eligible to invest in NSCs.
2. Non-resident Indians cannot purchase new NSCs. However, in case of resident subscribers of
NSC becoming NRI prior to maturity of certificates, such NSCs can be held till maturity.
3. Trusts and Hindu Undivided Family (HUFs) cannot make NSC investments
Benefits:
● Risk Free
● Higher rate of returns

● NSC investments can also be transferred to another family member (nominated by the
investor) in case of the investor’s demise
● Flexible Investment amount

Kisan Vikas Patra:
Establishment: 1988
Objective: To encourage long-term financial discipline in people.
Tenure: 123 months

Rate of Interest: 7%
Eligibility:
1. Any Indian citizen above the age of 18 years
2. You can also buy one for a minor or jointly with another adult
Benefits:
1. Guaranteed Returns
2. Though the account matures after 123 months, the lock-in period is 30 months.
3. KVP is available in denominations of Rs. 1000, Rs. 5000, Rs. 10,000 and also Rs. 50,000 for
investment. There is no maximum limit.
Banking CA Schemes- October 2022

Name of the Scheme Launched by Key Points
Gram Seva Program SBI SBI adopted 30 Remote Villages

across 6 states under this program.
The 6 states are Haryana, Gujarat,
Maharashtra, Punjab, Tamil Nadu,

and West Bengal.
Home Vantage Current ICICI Bank UK New Current Account with Visa Debit
Account (HVCA) PLC Card facility for Indian students
traveling to United Kingdom (UK) for

higher studies.
‘Smart Wire’ Facility ICICI Bank An online solution to allow non-

resident Indian (NRI) and resident
customers to make SWIFT (Society
for Worldwide Interbank Financial

Telecommunication) based inward
remittances online
‘KBL Utsav’ loan campaign Karnataka Bank Home Loan, Car Loan and Gold Loan
facilities to meet the festive needs
KBL Centenary Deposit Karnataka Bank A unique term deposit scheme with a
Scheme higher rate of interest
Group Accident Insurance India Post Group Accident Insurance Plan with
Plan Payments Bank an accidental death coverage of Rs
(IPPB) 10 lakhs.
Banking CA Schemes- November 2022

Name of the Scheme Launched by Key Points
CASA Campaign Karnataka Bank To introduce potential customers to its
digitally enabled savings account

options
Electronic Bank Canara Bank Bank Guarantee’s API-based digital
Guarantee (e-BG) workflow eliminates physical issues,
stamping, verification, etc.
Baroda Tiranga Plus Bank of Baroda It offers high-interest rates up to 7.50%

Deposit Scheme p.a. for 399 days
FIRSTAP IDFC First Bank India’s 1st sticker-based debit card,

which works with Near Field
Communication (NFC) technology.
Deposit Plus Scheme Federal Bank Deposit scheme for Non-Resident
Indians (NRIs)
Union Government Schemes- Oct & Nov 2022

Prime Minister Narendra Modi launched a new scheme - Pradhan Mantri Bharatiya Jan Urvarak
Pariyojana:
 Prime Minister Narendra Modi launched a new scheme - Pradhan Mantri Bharatiya Jan Urvarak
Pariyojana - One Nation One Fertiliser.
 Under the scheme, companies must market all subsidized fertilizers under a single brand 'Bharat'.
 Prime Minister Modi launched the single brand Bharat under the scheme during the two-day
event PM Kisan Samman Sammelan 2022.
 Union Agriculture Minister Narendra Singh Tomar and Chemicals & Fertilisers Minister Mansukh
Mandaviya were also present at the event.
 Farmers will get quality crop nutrients at low cost under the 'One nation, One fertilizer'.
 Introduction of nano urea to ease farm process; one bottle of nano urea can replace a sackful of
urea.
 The scheme is introduced to prevent the criss-cross movement of fertilizers and reduce high
freight subsidies.
 All subsidized soil nutrients including urea, di-ammonium phosphate (DAP), Muriate of Potash
(MoP), and NPK - will be marketed under the single brand Bharat across the nation.
 PM Modi also inaugurated 600 'PM-Kisan Samruddhi Kendras (PM-KSK) at the event.
 The Kendra will behave as one- a stop-shop that would provide multiple services to farmers.
 PM-KSK will not only supply agri-inputs like seeds, fertilizers, and farm implements but also
provide testing facilities for soil, seeds, and fertilizers, besides information about government
schemes.
Ministry of Education launched PM’s Scheme for Mentoring Young Authors named YUVA 2.0
 The Department of Higher Education of the Ministry of Education introduced the Prime Minister's
Scheme for Mentoring Young Authors, also referred to as YUVA 2.0 (Young, Upcoming and
Versatile Authors).
 It is a programme that provides young and aspiring writers with author mentoring in order to
promote Indian and Indian literature overseas (under 30 years old).

 The National Book Trust of India (under the BP Division of the Ministry of Education) will oversee
the Scheme's implementation and ensure that it is carried out in distinct mentoring phases in its
capacity as the implementing agency.

 The books created as a result of this initiative will be published by the National Book Trust of
India in an effort to promote "Ek Bharat Shreshtha Bharat" and ensure the interchange of
literature and culture.
Union Ministry of Health and Family Welfare launched Tele Mental Health Assistance and Networking
Across States (Tele-MANAS)
 Union Ministry of Health and Family Welfare launched Tele Mental Health Assistance and
Networking Across States (Tele-MANAS) on the occasion of World Mental Health Day.
 The goal of Tele-MANAS is to offer 24/7 free Tele-mental health services throughout the country.
 Technical support will be provided by the National Health Systems Resources Centre (NHRSC)
and the Indian Institute of Technology Bangalore.
 Tele MANAS will be organised in a two-tier system, with Tier 1 consisting of state Tele MANAS
cells that include trained counsellors and mental health specialists.
 Tier 2 will comprise specialists at District Mental Health Programme (DMHP) resources for
physical consultation and e-Sanjeevani for an audio-visual consultation.
Prime Minister Narendra Modi launched the PM Kisan Samman Sammelan 2022
 The PM Kisan Samman Sammelan 2022 was launched by Prime Minister Narendra Modi at the
Indian Agricultural Research Institute in New Delhi.
 The Prime Minister will officially open 600 Pradan Mantri Kisan Samruddhi Kendras (PMKSK)
under the ministry of chemicals and fertilisers.
 PMKSK will provide agri-inputs like fertilisers, seeds, and implements; testing facilities for soil,
seeds, and fertilisers; awareness-raising activities for farmers; details on various government
programmes; and regular capacity building for retailers at block/district level outlets.
 These activities will meet a wide range of farmer needs.
National Commission for Women Launched Digital Shakti 4.0
 The fourth phase of the pan-Indian Digital Shakti Campaign, which aims to digitally empower and
equip women and girls for the digital world, was launched by the National Commission for
Women (NCW).
 In keeping with its promise to build safe spaces for women and girls online, Digital Shakti 4.0 is
concentrated on empowering women to confront any illegal or inappropriate behaviour online by
giving them the digital skills and awareness to do so.

 It was started by NCW in association with Meta and the CyberPeace Foundation.

Some Govt Schemes Imp

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Some Govt Schemes Imp

Uploaded by

Copyright:

Available Formats

Interview Bundle PDF Course – Banking Schemes

● Overdraft Facility is available.

● The amount Deposited earns Interest Rate

● Over Draft allows you to access to funds in financial emergencies.

Establishment: May 9, 2015

Premium: Rs. 20 per annum

4. The policy provides secure processing as well as ongoing coverage.

Pradhan Mantri Jeevan Jyoti Yojana (PMJJBY):

Premium: Rs. 436 annually

3. There Are No Maturity Benefits

scheme for whatever reason, he or she can simply rejoin it.

give their consent to join / enable auto-debit.

 Aadhar would be the primary KYC for the bank account.

PradhanMantri Mudra Yojana (PMMY):

Establishment: April 8, 2015 under the Companies Act 2013.

2. Age limit: 18 years to 65 years

generating activities like the following:

3. Tarun: Covering Loans above Rs.5 lakh to Rs.10 lakh

Kisan Credit Card Scheme:

● Farmers-Individuals/Joint borrowers who are owner-cultivators.

● Tenant farmers, Share Croppers and Oral lessees etc.

2. Providing insurance coverage

income at the end of each crop cycle

1. Mobilise Idle Gold

Sovereign Gold Bond Scheme

investments required proper and secure storage.

Limit- 1 gram to 4 kgs.

2. Fixed interest rate on these gold bonds.

3. Gold bonds have no holding or storage cost.

Atal Pension Yojana (APY)

Introduced: 9 May 2015

 Any Citizen of India can join the APY scheme.

Features & Benefits:

Small Savings Scheme

1. Only Indian Citizens

Maximum- Rs.1.5 lakh per annum

c. Residential address proof.

2. Risk free and Guaranteed returns

4. Liquidity with Partial Withdrawal and Loan Facilities

Sukanya Samriddhi Yojana:

marriage, etc. and ensure financial stability.

However, contributions only need to be made for 15 years.

Only one account per girl child is allowed.

2. Tax benefits are extended to the maturity amount too

3. Lock in Period is one of the best features of this scheme.

4. Guaranteed Maturity Benefits

Interest rate: 7.6%

age limits subject to fulfillment of other terms & conditions.

Act, 1961 up to Rs. 1.5 lakh per annum.

long term investment .

National Savings Certificate:

Interest Rate: 6.8%

● Higher rate of returns

investor) in case of the investor’s demise

● Flexible Investment amount

Objective: To encourage long-term financial discipline in people.

Tenure: 123 months

Banking CA Schemes- October 2022

Name of the Scheme Launched by Key Points

Gram Seva Program SBI SBI adopted 30 Remote Villages

Maharashtra, Punjab, Tamil Nadu,

traveling to United Kingdom (UK) for

‘Smart Wire’ Facility ICICI Bank An online solution to allow non-