Government Schemes Part-2


    • Ministry – Ministry of Rural Development 
    • Launched on 11th October 2014
    • Each MP to develop three villages by 2019, eight villages by 2024.
    • Focusing upon the development in the villages which includes social development, cultural development and spread motivation among the people on social mobilization of the village community.
  • Each MP to spearhead development of 
    • one Gram Panchayat by 2016 
    • two more Gram Panchayats by 2019 
    • five more Gram Panchayats by 2024

Key objectives of the Yojana include:

  1. The development of model villages, called Adarsh Grams, through the implementation of existing schemes, and certain new initiatives to be designed for the local context, which may vary from village to village.
  2. Creating models of local development which can be replicated in other villages.

Identification of villages

  • MPs can select any gram panchayat, other than their own village or that of their spouse, to be developed as an Adarsh Gram.  
  • The village must have a population of 3000-5000 people if it is located in the plains, or 1000-3000 people if located in hilly areas.
  • Lok Sabha MPs can choose a village from their constituency, and Rajya Sabha MPs from the state from which they are elected. 
  • Nominated members can choose a village from any district of the country.  
  • MPs which represent urban constituencies can identify a village from a neighbouring rural constituency.


No new funds have been allocated for the Yojana.  Resources may be raised through:

  1. Funds from existing schemes, such as the Indira Awas Yojana, Pradhan Mantri Gram Sadak Yojana, Mahatma Gandhi National Rural Employment Guarantee Scheme, and Backward Regions Grant Fund, etc.,
  2. The Member of Parliament Local Area Development Scheme (MPLADS),
  3. The gram panchayat’s own revenue,
  4. Central and State Finance Commission Grants, and
  5. Corporate Social Responsibility funds.


  • Ministry –  Department of Financial Services, Ministry of Finance
  • Launched on 28 August 2014.
  • It is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.
  • PM had announced this scheme on his first Independence Day speech on 15 August 2014.
  • Under this scheme 15 million bank accounts were opened on inauguration day.
  •  The Guinness Book of World Records recognized this achievement, stating: “The most bank accounts opened in one week as a part of the financial inclusion campaign is 18,096,130 and was achieved by the Government of India from August 23 to 29, 2014”.


  • Ministry – Department of Financial services, Ministry of Finance.
  •  Launched by Prime Minister Narendra Modi on 8 May, 2015 in Kolkata. 
  • Eligibility: Available to people in age group 18 to 70 years with bank account.  
  • Premium: Rs.12 per annum.  
  • Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account.
  • Risk Coverage: For accidental death and full disability – Rs.2 Lakh and for partial disability – Rs.1 Lakh.  
  • Eligibility: Any person having a bank account and Aadhaar number linked to the bank account can give a simple form to the bank every year before 1st of June in order to join the scheme. Name of nominee to be given in the form.
  • The scheme is being offered by Public Sector General Insurance Companies or any other General Insurance Company who are willing to offer the product on similar terms with necessary approvals and tie up with banks for this purpose.


  • Ministry – Jointly run by the Ministry of Women and Child Development, the Ministry of Health and Family Welfare and the Ministry of Human Resource Development. 
  • Launched on 22 January 2015.
  •  Aims to generate awareness and improve the efficiency of welfare services intended for girls in India. 
  • Child sex ratio (0–6 years) in India was 927 girls per 1,000 boys in 2001, which dropped to 918.
  • It also aims to address the issue of the declining child sex ratio image (CSR) and is a national initiative.
  • It initially focused multi-sector action in 100 districts throughout the country where there was a low CSR.
  • It mainly targets the clusters in Uttar Pradesh, Haryana, Uttarakhand, Punjab, Bihar and Delhi.


  • Ministry – Department of Financial services, Ministry of Finance.
  • Launched on 9 May in Kolkata.
  • Atal Pension Yojana (or APY, previously known as Swavalamban Yojana) is a government-backed pension scheme in India.
  • Targeted at the unorganised sector.
  • Swavalamban Yojana was a government-backed pension scheme targeted at the unorganised sector in India.
  • It was applicable to all citizens in the unorganised sector who joined the National Pension Scheme (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA) Act 2013.
  • The minimum eligible age for a person joining APY is 18 years and the maximum is 40 years.
  • In Atal Pension Yojana, for every contribution made to the pension fund, The Central Government would also co-contribute 50% of the total contribution or₹1,000 (US$15) per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years.
  • The age of exit and start of pension would be 60 years. 
  • Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more. 
  • Subscribers are required to opt for a monthly pension from ₹1,000 (US$14) to ₹5,000 (US$70) and ensure payment of the stipulated contribution regularly (monthly, quarterly, or half-yearly basis).
  • This scheme will be linked to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana scheme and the contributions will be deducted automatically.


  • Ministry – Ministry of Urban Development.
  • Launched on 21 January 2015.
  • The aim of bringing together urban planning, economic growth and heritage conservation in an inclusive manner to preserve the heritage character of each Heritage City.
  • The Scheme shall support development of core heritage infrastructure projects including revitalization of linked urban infrastructure for heritage assets such as monuments, Ghats, temples etc. along with reviving certain intangible assets.
  • These initiatives shall include development of sanitation facilities, roads, public transportation & parking, citizen services, information kiosks etc.
  • The objectives of the scheme are:

    • Planning, development and implementation of heritage-sensitive infrastructure
    • Service Delivery and infrastructure provisioning in the core areas of the historic city
    • Preserve and revitalise heritage wherein tourists can connect directly with city’s unique character
    • Develop and document a heritage asset inventory of cities – natural, cultural, living and built heritage as a basis for urban planning, growth, service provision and delivery
    • Implementation and enhancement of basic services delivery with focus on sanitation services like public conveniences, toilets, water taps, street lights, with use of latest technologies in improving tourist facilities/amenities.
    • Local capacity enhancement for inclusive heritage-based industry


  • Ministry – Department of Financial services, Ministry of Finance  
  • Launched on 9 May in Kolkata.
  • Government-backed Life insurance scheme in India. 
  • As of May 2015, only 20% of India’s population has any kind of insurance, this scheme aims to increase the number.
  • Available to people between 18 and 50 years of age with bank accounts.
  • It has an annual premium of ₹330 (US$4.60). 
  • The GST is exempted on Pradhan Mantri Jeevan Jyoti Bima Yojana.
  • The premium is deducted automatically from the insured’s bank account.
  • Insured’s family members will receive a sum insured of 2 lac Rupees after insured’s death.

Pradhan Mantri MUDRA Yojana (PMMY)

  • Ministry – Department of Banking, Ministry of Finance 
  • Launched on 8th April 2015.
  • Providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. 
  • These loans are classified as MUDRA loans under PMMY. 
  • These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.

Pradhan Mantri MUDRA Yojana (PMMY)

  • Ministry – Department of Banking, Ministry of Finance 
  • Launched on 8th April 2015.
  • Providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. 
  • These loans are classified as MUDRA loans under PMMY. 
  • These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.


“To create an inclusive, sustainable and value based entrepreneurial culture, in collaboration with our partner institutions in achieving economic success and financial security.”


“To be an integrated financial and support services provider par excellence benchmarked with global best practices and standards for the bottom of the pyramid universe for their comprehensive economic and social development.”


    • Under the aegis of PMMY, MUDRA has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.
  • Shishu (शिशु): Allowed loans up to ₹50,000 (US$700)
  • Kishor (किशोर): Allowed loans up to ₹5 lakh (US$7,000)
  • Tarun (तरुण): Allowed loans up to ₹10 lakh (US$14,000)


  • Ministry – Ministry of Agriculture 
  • Scheme for farmers so that they don’t bear any financial burden if their produce gets destroyed due to unexpected weather or for any other reason.