FAQs about Government Schemes in India

JanJagruti is a National Platform that aims to offer one-stop search and discovery of the Government schemes. It provides an innovative, technology-based solution to discover scheme information based upon the eligibility of the citizen. The platform helps the citizen to find the right Government schemes for them. It also guides on how to apply for different Government schemes. Thus no need to visit multiple Government websites.

NPS is a voluntary, defined contribution retirement savings scheme designed to enable systematic savings during the subscriber’s working life. It is an attempt towards finding a sustainable solution to provide adequate retirement income to every citizen of India.

• It is a flexible and portable scheme that allows subscribers to choose their own pension fund managers, investment options, and contribution frequency.
• It offers tax benefits to subscribers under various sections of the Income Tax Act, 1961.
• It provides a regular income to subscribers after retirement through annuity plans.
• It allows partial withdrawal of funds for specific purposes such as education, marriage, or medical expenses.

SSY is a savings scheme for the girl child launched by the Government of India in 2015. It aims to encourage parents to save for the education and marriage of their daughters.

• It can be opened by the parent or legal guardian of a girl child below the age of 10 years.
• It has a minimum deposit of Rs. 250 and a maximum deposit of Rs. 1.5 lakh per financial year.
• It offers an attractive interest rate of 7.6% per annum (as of January 2021) compounded annually.
• It has a maturity period of 21 years from the date of opening or until the marriage of the girl child, whichever is earlier.
• It allows partial withdrawal of up to 50% of the balance for the higher education of the girl child after she attains the age of 18 years.

The Pradhan Mantri Awas Yojana (PMAY) is a housing initiative by the Government of India with the aim of providing affordable housing to the urban and rural poor.

• It has two components - Pradhan Mantri Awas Yojana (Urban) and Pradhan Mantri Awas Yojana (Gramin).
• The urban component targets the urban poor, while the rural component focuses on the housing needs of the rural population.
• Beneficiaries receive financial assistance for the construction or enhancement of their homes.
• The scheme promotes the use of eco-friendly and sustainable technologies in housing construction.
• It aims to achieve the vision of "Housing for All" by the year 2022.

The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a skill development initiative by the Government of India to enable a large number of Indian youth to take up industry-relevant skill training to help them secure a better livelihood.

• It offers skill training across various sectors and industries based on the National Skills Qualification Framework (NSQF).
• PMKVY aims to align the skilling initiatives with the common norms and standards across the country.
• It provides financial rewards to candidates who successfully complete the approved skill training programs.
• The scheme encourages a "demand-driven" approach in skill development.
• It focuses on creating a skilled workforce that meets the industry standards and requirements.

The Pradhan Mantri Mudra Yojana (PMMY) is a scheme that provides loans for non-corporate, non-farm small/micro enterprises. To apply for a loan under PMMY, follow these steps:

1. Contact a financial institution such as a bank, NBFC, or microfinance institution that participates in the PMMY scheme.
2. Fill out the Mudra loan application form available at the respective financial institution.
3. Submit the required documents, including identity proof, address proof, and business-related documents.
4. The financial institution will assess your business plan and eligibility for the loan.
5. If approved, you can receive the Mudra loan for your business needs.

The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme that provides financial support to farmers in case of crop failure due to natural calamities, pests, or diseases.

• It aims to ensure that farmers do not face financial hardships in the event of crop loss.
• Farmers need to pay a nominal premium, and the rest of the premium is shared by the central and state governments.
• PMFBY covers major crops and provides insurance coverage from sowing to harvesting.
• It promotes the adoption of modern agricultural practices and technologies among farmers.
• Claim settlements are done quickly to ensure timely relief to affected farmers.