||Features of the Policies/Programmes/Schemes
|Pradhan Mantri Jan-Dhan Yojana (PMJDY)
- It is a National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
- Account can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet. PMJDY accounts are being opened with Zero balance. However, if the account-holder wishes to get cheque book, he/she will have to fulfil minimum balance criteria.
- It is a co-contributory Pension Scheme, launched to encourage people from the unorganised sector to voluntarily save for their retirement.
- The target beneficiaries-co-contributory scheme beneficiaries of State Governments, Aanganwaadi workers, Construction workers, Occupational classes like weavers, fishermen, farmers, dairy workers etc.
- Scheme comes under Prime Minister Jan Dhan Yojana
- The Scheme is managed by Pension Fund Regulatory & Development Authority (PFRDA) and financed through budgetary support by way of Grants-in- Aid to PFRDA.
|Kisan Credit Card (KCC) Scheme
- Reserve Bank of India (RBI), along with National Bank for Agriculture and Rural Development (NABARD) initiated the conception of Kisan Credit Cards (KCC) in 1998-99, in order to assist agriculturists to have easily accessible cash credit facilities.
- Credit to meet the financial requirements of agricultural and other allied activities.
- Ancillary credit for crop production and other contingencies.
- Insurance coverage for Kisan Credit Card holders.
- National Crop Insurance scheme is offered to the Kisan credit cardholders, which provides coverage for crop loans given under the KCC scheme for certain crops.
- Protection is provided against loss of crops due to pest attacks, natural calamities, etc.
- In some cases collateral security is to be provided. If the loan amount is above Rs. 100000/-, then the cardholder has to pledge his land as mortgage and hypothecate the crops raised on it.
|Rural Infrastructure Development Fund (RIDF)
- It was instituted in NABARD with an announcement in the Union Budget 1995-96 for the development of infrastructure in rural.
- The main feature of the programme is to give low cost fund support to State Govts. and State Owned Corporations for quick completion of ongoing projects relating to medium and minor irrigation, soil conservation, watershed management and other forms of rural infrastructure.
|Pradhan Mantri Jeevan Jyoti Beema Yojana
- It is a government-backed Life insurance scheme in India and available to people between 18 and 50 years of age with bank accounts.
- It has an annual premium of ₹330 excluding service tax, which is above 14% of the premium.
- The amount will be automatically debited from the account.
- In case of death due to any cause, the payment to the nominee will be ₹2 lakh .
|Pradhan Mantri Mudra Yojana
- It is a new institution being set up by Government of India for development and refinancing activities relating to micro units. It was announced by the Finance Minister while presenting the Union Budget for FY 2016.
- There are three categories of interventions of the scheme which has been given below:
- Shishu :- Loan up to ₹50,000
- Kishore :- Loan ranging from ₹50,000
- Tarun :- Loan above ₹5 lakh and below ₹10 lakh
All the three categories will signify the growth; development and funding needs of the beneficiaries as well as it will assure the loan amount to be allotted by Micro Units Development and Refinance Agency Bank.
|Antyodaya Ann Yojana (AAY)
- It is government sponsored scheme to the lookout for the ‘poorest of the poor’
- It has started in six States – Himachal Pradesh, Rajasthan, Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Uttar Pradesh and the UT of Dadra & Nagar Haveli.
- About 36 lakh families in these States have been identified and are being given distinctive Antyodaya ration cards.
- It is expected that by April end this year the Antyodaya Anna Yojana would start in most of the States.
- The annual requirement of foodgrains for Antyodaya families would be 30 lakh tonnes.
- The total subsidy on Antyodaya Anna Yojana for a full year will be Rs. 2315 crore.
|Mid Day Meal Scheme
- The scheme is for improving nutritional levels among children, the National Programme of Nutritional Support to Primary Education (NP-NSPE) was launched as a Centrally Sponsored Scheme on 15th August 1995, initially in 2408 blocks in the country.
- Improving the nutritional status of children in classes I-V in Government, Local Body and Government aided schools, and EGS and AIE centres.
- Encouraging poor children, belonging to disadvantaged sections, to attend school more regularly and help them concentrate on classroom activities.
- Providing nutritional support to children of primary stage in drought affected areas during summer vacation.
- The scheme was launched to improve the nutritional and health status of adolescent girls in the age group of 11-18 years and empower them by providing education in life-skills, health and nutrition, the Government of India introduced the Rajiv Gandhi Scheme for Empowerment of Adolescent Girls – SABLA in November, 2010.
- Enable the Adolescent girls for self-development and empowerment
- Improve their nutrition and health status.
- Promote awareness about health, hygiene, nutrition, adolescent reproductive and sexual health (ARSH) and family and child care.
- Upgrade home-based skills, life skills and integrate with the National Skill Development Program (NSDP) for vocational skills.
- Mainstream out of school adolescent girls into formal/non formal education.
- Provide information/guidance about existing public services such as PHC, CHC, Post Office, Bank, Police Station, etc.
- The Scheme aims at providing food security to meet the requirement of those senior citizens who though eligible have remained uncovered under the National Old Age Pension Scheme.
- To provide food security to those indigent senior citizens who are not covered under the targeted Public Distribution System (PDS) and who have no income of their own.
- Through the new “Annapurna” scheme, it is intended to provide 10 kgs. of food grains per month free of cost to all such person who are though eligible for old age pension under NOAPS, are presently not receiving it.
- The number of persons benefiting from the Scheme is not to exceed for the present 20% of the old age pensioners within a State.