National Pension System (NPS): It is easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. It was launched in 2004 and was initially introduced for new Government recruits (except armed forces). It aims to institute pension reforms in country and to inculcate habit of saving for retirement amongst the citizens. Its objective is …
Emergency Credit Line Guarantee Scheme (ECLGS): Emergency Credit Line Guarantee Scheme(ECLGS) launched as part of the Covid-19 relief package called the Atma Nirbhar Bharat Abhiyan. Aim: To provide Rs 3 lakh crore worth of collateral-free, government guaranteed loans to micro, small and medium enterprises(MSMEs) across India. It aimed to mitigate the distress caused by the coronavirus-induced lockdown. …
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About the Scheme The features of the Pradhan Mantri Shram Yogi Mandhan scheme are: Under the scheme, an assured monthly pension of Rs 3,000 per month will be provided to workers in the unorganised sector after 60 years of age. To avail of the scheme, workers will have to contribute a minimal Rs 100 month …
It is easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. It was launched in 2004 and was initially introduced for new Government recruits (except armed forces). It aims to institute pension reforms in country and to inculcate habit of saving for retirement amongst the citizens. Its objective is to provide retirement income …
The fund is created by Ministry of Finance in 2013 with a corpus of Rs 1000 crore. It is aimed at enhancing the safety and security for women in the country. It is a non-lapsable corpus fund. It is being monitored by Empowered Committee of Officers under Secretary of Women and Child Development Ministry. …
Aim is to provide concessional finance for investment in strategic important projects abroad. Scheme: CFS was launched in 2015-16. Under CFS, Ministry of External Affairs (MEA) selects specific projects keeping in view strategic interest of India and sends same to Department of Economic Affairs (DEA). The strategic importance of project to deserve financing is …
Ministry/Department : Ministry of Finance Objective: To address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily save for their retirement Scheme: Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme …
Ministry/Department : Ministry of Finance in association with RBI Objective: To reduce the demand for physical gold by shifting a part of the demand for physical gold into investment in Gold Bonds Scheme: Bonds will be issued by RBI on behalf of govt. To be sold through bank, post offices and Stock Holding Corporation …