Second Installment of Rs 500 deposited under Pradhan Mantri Garib Kalyan Yojana

The Government of India recently approved the second installment of Rs 500 under Pradhan Mantri Garib Kalyan Yojana.

Highlights

Under Pradhan Mantri Garib Kalyan Yojana, Rs 500 was to be provided in three installments. The second installment has been released under the scheme. More than 20 crore women were benefitted when the first installment was released. The Government had also announced a date plan for the beneficiaries to maintain social distancing in the banks.

Pradhan Mantri Jan Dhan Yojana

The amount was credited to accounts that were registered under Pradhan Mantri Jan Dhan Yojana. The Pradhan Mantri Jan Dhan Yojana is a financial inclusion programme that was launched in 2014. Around 15 million bank accounts were opened on the launch of the programme.

Pradhan Mantri Garib Kalyan Ann Yojana

The GoI had launched the Pradhan Mantri Garib Kalyan Ann Yojana under which Rs 1.7 lakh crore was allocated to fight COVID-19 and help people during lock down. Under the scheme the following were announced

  • Direct Benefit Transfer of Rs 100 was deposited to old age people, pensioners and Divyangs
  • Free Cylinders were provided to beneficiaries of Pradhan Mantri Ujjawala Scheme
  • The wages of workers under MNREGA was increased from Rs 182 to Rs 202.

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