Government Schemes in India

There are many reasons why a person turns out to be unable to maintain his source of income. It can be an accident, lack of job security, or lack of fitness. In these cases, it has a significant effect on the social and financial life of that person. Because of such conditions, he may not be able to keep up with his lifestyle. So, in these cases, the schemes launched by the government become beneficial for them.

Social welfare

There are many schemes that are launched by the government of India to maintain the social security of the individuals. By social security, it means that by the medium of these schemes, the people can keep on being self-dependent. They will continue to have a source of income of their own and will be able to maintain their lifestyle. 

Pradhan Mantri Shram Yogi Maan-Dhan Yojana

This scheme is available only to the individuals that are the natives of the country. All the individuals between the age of 18 to 40 who have a monthly income of less than ₹15000 are worthy of being able to apply to this scheme. Taking a small sum of up to ₹100 per month, this scheme gives returns of as much as ₹3000 per month after the age of 60.

National Pension Scheme for Traders and The Self-employed Persons

This scheme is mainly in place for the individuals that own small businesses. This scheme taking a security fee of nearly ₹150 per month gives returns of ₹3000 in the form of a pension. Anyone of the age from 18 to 40 can apply for this scheme. 

Social security schemes

These schemes are the schemes that are launched to maintain the standards of the lives of the individuals that are related to the schemes. 

Pradhan Mantri Jeevan Jyoti Yojana

This is an insurance scheme launched by the government of India. This scheme applies to people of age between 18 and 50. Upon the death of the referred individual, a sum of ₹200000 will be transferred to the related family. The security fee of this insurance scheme is only ₹300 per year. The candidate must have a savings account with Aadhar so that the money can be debited from it automatically. 

Pradhan Mantri Suraksha Bima Yojana

This is the scheme that has proven to be the most effective in the terms of insurance schemes. This has a security fee of as low as ₹13 per year and covers every type of accident. In case of death or permanent disability of the candidate, a sum of ₹200000 will be transferred to the related family. In case of partial disability, a sum of ₹100000 will be given to the family. 

Atal Pension Yojana

The pension that will be received at the age of 60 for this scheme ranges from ₹2000-₹5000 per month. The major requirements for this scheme are for the individual to be an Indian citizen, and to have a savings account linked to the Aadhar. 

Central sector schemes

PDS

This is a scheme that comes under the provisions of the Food Security Act. When a family does not have any individuals between the age of 18 to 60, then they become eligible for this scheme. Under this scheme, the food services are provided to the family at a really low rate. 

Pradhan Mantri Awaas Yojana – Gramin

Under the provisions of this scheme, the loans are provided to people at a really low cost who don’t have a permanent house. This scheme applies also to families that have a disabled person at home. A considerable sum of money is allotted to them in the form of a home loan from the government at a very low-interest rate. 

Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana

This is a health insurance scheme launched for the benefit of scheduled castes and tribes. Health insurance worth ₹500000 is provided to them per year in case of any emergency. However, they need to satisfy the mandatory conditions for the scheme. 

Conclusion

These schemes that are launched by the government of India provide individuals with a source of income in hard times. But that is not the only thing that these schemes are limited to. The elements such as knowledge, education and technology also come under this category. Many of these schemes provide you with a new way using which you can make money for yourself. These schemes teach you the skills that will prove to be beneficial for you.