Introduction
Static GK is one of the important section in both Government Sector and Bank related Exams. In static GK, Banking is one of the most important and also maximum scoring topic. The article Financial Schemes presents several types of Financial Schemes and the key points related to the particular scheme.
FIN Schemes
Financial Schemes - Pradhan Mantri Jan Dhan Yojana :
- Launch year: 2014
- Sector: Financial inclusion
- Status: Active
- Launched by (prime minister): Narendra Modi
- Ministry: Ministry of Finance
- Aim: 1. To provide access of banking facilities and financial services to the poor people. 2. This is a national mission for the financial inclusion of all households.
- Launch year: 9 May 2015
- Sector: Insurance
- Status: Active
- Launched by (prime minister): Narendra Modi
- Ministry: Ministry of Finance
- Aim: 1. This scheme will provide very affordable insurance scheme for poor and underprivileged people in the age group of 18 to 70 years. 2. Candidates must possess a bank account at a premium of Rs. 12 p.a. 3. There will be a risk coverage of Rs. 2 lakhs for accidental death / full disability and Rs. 1 lakh for partial disability.
- Launch year: 9 May 2015
- Sector: Insurance
- Status: Active
- Launched by (prime minister): Narendra Modi
- Ministry: Ministry of Finance
- Aim: 1. To create a social security system for the poor and underprivileged in the age group of 18-50 years by providing a renewable life insurance cover of Rs.2 lakhs with just a premium of Rs. 330.
- Launch year: 9 May 2015
- Sector: Pension
- Status: Active
- Launched by (prime minister): Narendra Modi
- Ministry: Ministry of Finance
- Aim: 1. Govt. will provide financial security in old age through guaranteed minimum monthly pension for all people who are working in informal sector or daily wagers in the age group of 18 to 40 years. 2. Govt. contribution is 50% of beneficiaries premium (up to Rs. 1000) for 5 years in new accounts opened before 31 December 2015.
- Launch year: 1 May 2016
- Status: Active
- Launched by (prime minister): Narendra Modi
- Ministry: Ministry of Finance
- Aim: 1. It aims for providing access to clean cooking fuel
- Launch year: 2 October 2014
- Status: Active
- Launched by (prime minister): Narendra Modi
- Slogan: One step towards cleanliness
- Aim: 1. To fulfill Mahatma Gandhi’s dream of a clean and hygienic India. 2. To make 4,041 cities and towns Open Defecation Free and clean by October, 2019.
- Launch year: 22 January 2015
- Status: Active
- Launched by (prime minister): Narendra Modi
- Sector: Education
- Ministry: Ministry of Human Resource Development
- Aim: 1. The goal of the BBBP scheme is to celebrate the girl child and enable her education. 2. The specific objectives of the scheme include preventing gender biased sex selective elimination, ensuring survival and protection of the girl child and ensuring education and participation of the girl child.
- Launch year: 22 January 2015
- Launched by (prime minister): Narendra Modi
- Aim: 1. A small deposit savings scheme to promote the welfare of girl child and ensure them a secure future.
- Launch year: 25 December 2014
- Status: Active
- Launched by (prime minister): Narendra Modi
- Sector: Healthcare
- Ministry: Ministry of Health and Family Welfare
- Aim: 1. To achieve full immunization of at least 90% children by 2020 (now by 2018). 2. Full immunization coverage to missed out and left out children and pregnant women during routine immunization rounds, against 7 life-threatening diseases.
- Launch year: 25 July 2015
- Status: Active
- Launched by (prime minister): Narendra Modi
- Sector: Rural electrification
- Ministry: Ministry of Power
- Aim: 1. 100% Rural Electrification with reliable, adequate & quality electricity supply and also to provide access to electricity to villages/habitations & households. 2. It includes Strengthening and augmentation of sub-transmission and distribution infrastructure, Separation of agriculture and non-agriculture feeders and Metering for feeders, distribution transformers & consumers along with Micro-grid and off-grid distribution network.
- Launch year: 5 April 2016
- Status: Active
- Launched by (prime minister): Narendra Modi
- Aim: 1. To support entrepreneurship among women and SC & ST communities by facilitating bank loans between 10 lakh and 1 Crore to them. 2. This scheme will benefit at least 2.5 lakh entrepreneurs.
- Launch year: 5 April 2016
- Status: Active
- Launched by (prime minister): Narendra Modi
- Ministry: Ministry of Commerce and Industry
- Aim: 1. To foster entrepreneurship and nurture innovation by creating an ecosystem that is conducive for growth of Start-ups to drive sustainable economic growth and generate large scale employment opportunities.
- Launch year: 5 April 2016
- Status: Active
- Launched by (prime minister): Narendra Modi
- Sector: Skill Development
- Ministry: Ministry of Skill Development and Entrepreneurship
- Aim: 1. To provide formal short term training to impart skills to and recognition of skills through certification, to enhance employ-ability of the youth.
- Launch year: 1 July 2015
- Status: Active
- Launched by (prime minister): Narendra Modi
- Sector: Digitization
- Ministry: Ministry of Electronics and Information Technology
- Aim: 1. To transform India into a digitally empowered society and knowledge economy.
- Launch year: 25 September 2014
- Status: Active
- Launched by (prime minister): Narendra Modi
- Ministry: Ministry of Finance
- Aim: 1. To project India as a preferred investment destination and a global manufacturing hub.