The Government has launched numerous schemes for the social and economic welfare of the citizens of the nation. Government schemes can be defined as a plan, design or program formulated by the government for the welfare of the people. The Government launches various schemes from time to time having a specific objective. The majority of these government schemes are designed to help the economically deprived, rural, or vulnerable people in society.
The beneficiaries of these government schemes mostly comprise of economically backward or weaker sections of the society and low-income families. The Objective of Union Government Schemes is to uplift the poor section of the society, improve the quality of life, development of rural and backward areas, provide financial security, education and training to the vulnerable section of the nation, provide financial assistance to women, small business and weaker segment of the society and promoting small scale business by providing entrepreneurial and training facilities.
The government schemes can be divided into three categories:
The Finance Minister of India has released the Union Budget 2021-22 on February 1, 2021 and made new announcements regarding the different government schemes in India. The government has announced the Atmanirbhar package this year which accounts for 27.1 lakh crores to deal with the impact of Covid-19. In 2020, a relief package amounting to Rs 1.70 lakh crore was announced by the government to tackle the widespread difficulties caused by the pandemic.