PM-DevINE Scheme

In Union Budget 2022-23, a new “PM-DevINE scheme” was proposed by Finance Minister Nirmala Sitharaman. What is PM-DevINE scheme? Government announced PM-DevINE scheme, with an initial allotment of Rs 1,500 crore. It stands for “Prime Minister’s Development Initiative for North-East”. ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

In July 2017, the Union Finance Ministry had launched Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme exclusively for senior citizens aged 60 years and above. Under this scheme, senior citizens will get a guaranteed interest of 8% for ..

PMJJBY and PMSBY : Key Differences

The NDA Government had launched two life insurance schemes viz. Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Both of these schemes are available to customers via their banks with auto-debit of premium from their bank ..

National Investment and Infrastructure Fund (NIIF)

The National Investment and Infrastructure Fund (NIIF) was proposed in Union Budget 2015. In the last week of December, the government has set up this Rs. 40000 crore fund to provide long term capital for infrastructure projects. Objective The objective ..

Shishu, Kishore and Tarun in Mudra Bank

Micro Units Development and Refinance Agency (MUDRA) Ltd. Bank was launched on 8 April, 2015 as a subsidiary of SIDBI. It has been registered as an NBFC with the Reserve Bank and within a year, the government intends to come out ..

Atal Pension Yojana

Atal Pension Yojana was launched in June 2015 to make the geriatric population self-reliant after they have spent a lifetime working in non-pensionable jobs. With this scheme, the government wants to make the unorganized work force, which makes major chunk ..

Pradhan Mantri Jan-Dhan Yojana

Pradhan Mantri Jan Dhan Yojana (PMJDY) or National Mission for Financial Inclusion was launched on 28 August 2014 to ensure affordable access to financial services viz. Bank accounts, remittance, credit, insurance and pension. Objectives This scheme was launched to provide ..

Aam Aadmi Bima Yojana

Aam Aadmi Bima Yojana is a Social Security Scheme for rural landless household. It was launched on 2nd October, 2007 . Under this scheme the head of the family or one earning member in the family of such a household ..