Pradhan Mantri Yojana (PMY) is a list of various schemes and initiatives launched by the Prime Minister of India for the development and welfare of the citizens of the country. Some notable PMY schemes include:
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| Pradhan Mantri Yojana List |
- Pradhan Mantri Jan Dhan Yojana - Pradhan Mantri Jan Dhan Yojana (PMJDY) is a financial inclusion program launched by the Government of India in August 2014. The main objective of the scheme is to provide access to financial services, such as banking accounts, credit, insurance, and pensions, to the unbanked population of the country. Some of the benefits of the scheme include:
Opening of zero-balance savings accounts: Under PMJDY, individuals can open savings accounts with zero balance.
RuPay debit card: Account holders under the scheme are provided with a RuPay debit card, which can be used for transactions at ATMs and point-of-sale terminals.
Overdraft facility: After six months of satisfactory operation, account holders can avail an overdraft facility of up to Rs. 10,000.
Direct benefit transfer: The scheme enables the government to directly transfer subsidies and benefits to the bank accounts of the beneficiaries.
Accident insurance: Account holders under PMJDY are also provided with an accidental insurance cover of Rs. 2 lakh.
Life insurance: Account holders under PMJDY are also provided with a life insurance cover of Rs. 30,000.
Financial literacy and credit counseling centers: The scheme also includes setting up of financial literacy and credit counseling centers to educate people about financial services and products.
- Pradhan Mantri Ujjwala Yojana - Pradhan Mantri Ujjwala Yojana (PMUY) is a scheme launched by the Indian government to provide clean cooking fuel (Liquified Petroleum Gas- LPG) to households below poverty line. The benefits of this scheme are :
- Improved health, as the use of clean cooking fuel reduces indoor air pollution
- Increased energy security and access, as households are not dependent on traditional and polluting fuels
- Empowerment of women and children, as they are often responsible for collecting fuel and are disproportionately affected by indoor air pollution
- Reduced deforestation and carbon emissions
- Economic benefits, as households save money on fuel costs and have more disposable income for other necessities.
- Pradhan Mantri Fasal Bima Yojana - Pradhan Mantri Fasal Bima Yojana (PMFBY) is a scheme launched by the Indian government to provide crop insurance to farmers against crop loss due to various reasons such as natural disasters, pests and diseases. The benefits of this scheme are:
- Financial protection to farmers against crop loss due to natural calamities
- Reduction in the financial burden on farmers in the event of crop loss
- Encouragement to farmers for investment in agriculture
- Better risk management for farmers
- Reduction in the number of farmer suicides due to crop loss.
- Pradhan Mantri Awas Yojana - Pradhan Mantri Awas Yojana (PMAY) is a scheme launched by the Indian government to provide affordable housing for the economically weaker sections and low-income groups. The benefits of this scheme are:
- Provision of affordable housing to economically weaker sections and low-income groups
- Improved living conditions for the urban poor
- Creation of job opportunities in the construction sector
- Increase in the demand for housing, promoting economic growth
- Improved access to basic services such as water, sanitation, and electricity
- Women empowerment as the house will be registered in the name of female head of households.
- Pradhan Mantri Jeevan Jyoti Bima Yojana - Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a scheme launched by the Indian government to provide a renewable one-year term life insurance to all bank account holders in the age group of 18 to 50 years. The benefits of this scheme are:
- Affordable life insurance coverage for a large section of the population
- Automatic enrollment of eligible account holders, with the option to opt-out
- Low premium of just INR 330 per annum
- Renewability option on an annual basis
- Sum Assured of INR 2 Lakh in case of death due to any reason
- Option to enroll through multiple channels such as banks and mobile apps.
- Pradhan Mantri Suraksha Bima Yojana - Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a scheme launched by the Indian government to provide accidental death and disability coverage for a premium of just INR 12 per year for a coverage of INR 2 Lakhs. The benefits of this scheme are:
- Affordable accidental death and disability coverage for a large section of the population
- Automatic enrollment of eligible account holders, with the option to opt-out
- Renewability option on an annual basis
- Sum Assured of INR 2 Lakh in case of accidental death or permanent total disability
- Option to enroll through multiple channels such as banks and mobile apps
- Coverage for accidental death and disability due to natural and man-made causes.
- Pradhan Mantri Gram Sadak Yojana - Pradhan Mantri Gram Sadak Yojana (PMGSY) is a scheme launched by the Indian government to provide all-weather road connectivity to unconnected habitations in rural areas. The benefits of this scheme are:
- Improved connectivity to unconnected rural areas, promoting economic development and access to basic services
- Reduced transportation costs, making it easier for farmers to get their produce to market
- Improved access to education, healthcare, and other social services
- Increased opportunities for employment, particularly in the construction sector
- Improved mobility for women and children
- Improved access for emergency services and disaster response.
- Pradhan Mantri Jan Aushadhi Yojana - Pradhan Mantri Jan Aushadhi Yojana (PMJAY) is a scheme launched by the Indian government to provide affordable and quality medicines to the public through a network of Jan Aushadhi Kendras (JAKs). The benefits of this scheme are:
- Access to affordable and quality medicines for all, particularly
- Reduction
- Increased
- Creation
- Encouraging domestic pharmaceutical production
- Improved accessibility to essential medicines in remote and underserved areas.
- Pradhan Mantri Mudra Yojana - Pradhan Mantri Mudra Yojana (PMMY) is a scheme launched by the Indian government to provide financial assistance in the form of loans to micro and small enterprises. The benefits of this scheme are:
- Access to credit for micro and small enterprises, promoting entrepreneurship and economic development
- Creation of employment opportunities
- Increase in income and livelihood opportunities for the poor and marginalized communities
- Improved access to capital for small businesses, allowing them to expand and grow
- Increased access to bank credit for non-corporate, non-farm small/micro enterprises
- Simplification of loan disbursal process and no collateral requirements for loans up to certain limit.
- Pradhan Mantri Kisan Pension Yojana - Pradhan Mantri Kisan Pension Yojana (PMKPY) is a scheme launched by the Indian government to provide a pension to small and marginal farmers. The benefits of this scheme are:
- Regular pension to small and marginal farmers after 60 years of age
- Financial security for farmers in their old age
- Encouraging farmers to take up farming as a profession for their livelihood
- Reduction in the burden of supporting elderly family members on their children
- No requirement of Minimum balance to avail the pension benefits
- Low contribution of Rs. 55-200 per month.
- Pradhan Mantri Rojgar Promotion Yojana - Pradhan Mantri Rojgar Promotion Yojana (PMRPY) is a scheme launched by the Indian government to promote employment generation in rural and urban areas by providing financial incentives to employers. The benefits of this scheme are:
- Encouragement to employers to generate employment in rural and urban areas
- Creation of new employment opportunities
- Increased income and livelihood opportunities for the unemployed
- Improved access to skill development and training programs
- Reduction in rural-urban migration
- Direct benefit to the workers in the form of wages and social security coverages.
- Pradhan Mantri Atal Pension Yojana - Pradhan Mantri Atal Pension Yojana (PMAPY) is a scheme launched by the Indian government to provide a pension to unorganized sector workers, such as those in small businesses or self-employment. The benefits of this scheme are:
- Regular pension for unorganized sector workers after 60 years of age
- Financial security for unorganized sector workers in their old age
- Encouragement for unorganized sector workers to save for their retirement
- Reduction in the burden of supporting elderly family members on their children
- Low contribution starting from a minimum of Rs. 55 per month
- Guaranteed minimum pension of Rs.1000 to Rs.5000 per month based on the contribution and age of joining the scheme.
- Pradhan Mantri Gramin Digital Saksharta Abhiyan - Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA) is a scheme launched by the Indian government to provide digital literacy to rural citizens of the country. The benefits of this scheme are:
- Improved digital literacy in rural areas, promoting access to information and services
- Increased opportunities for employment and entrepreneurship
- Improved access to online government services and e-commerce
- Improved financial inclusion through digital transactions
- Improved access to education and healthcare through digital means
- Increased participation in the digital economy and reduced digital divide.
- Pradhan Mantri Kisan Samman Nidhi - Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a scheme launched by the Indian government to provide financial assistance to small and marginal farmers to help them with their agricultural and livelihood needs. The benefits of this scheme are:
- Direct income support to small and marginal farmers, helping to alleviate financial stress
- Encouraging farmers to continue farming as a profession
- Improving the economic condition of farmers
- Easy and quick disbursal of financial assistance through DBT
- Covering the farmers across the country
- No requirement of any minimum landholding for the farmers to avail the benefits.
- Pradhan Mantri Kisan Maan Dhan Yojana- Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) is a scheme launched by the Indian government to provide pension benefits to small and marginal farmers in India. The benefits of this scheme are:
- Regular pension to farmers after they reach the age of 60 years
- Financial security for farmers in their old age
- Encouragement for farmers to continue farming as a profession
- No requirement of Minimum balance to avail the pension benefits
- Low contribution of Rs. 55-200 per month
- Easy and quick disbursal of pension through DBT
- Covering the farmers across the country with no requirement of any minimum landholding.
- Pradhan Mantri Jan Arogya Yojana (PMJAY) - Pradhan Mantri Jan Arogya Yojana (PMJAY) is a scheme launched by the Indian government to provide financial assistance to economically weaker sections and low-income groups for their health-related expenses. The benefits of this scheme are:
- Access to quality health care for economically weaker sections and low-income groups
- Reduction in out-of-pocket expenditure on healthcare
- Improved access to medical facilities in remote and underserved areas
- Coverage of almost all secondary and many tertiary care treatments
- Cashless and paperless access to health care services
- Covering over 50 crore poor and vulnerable families in India
- Providing hospitalization coverage of up to INR 5 Lakhs per family per year.
- Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) - Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) is a scheme launched by the Indian government to provide pension benefits to unorganized sector workers. The benefits of this scheme are:
- Regular pension to unorganized sector workers after they reach the age of 60 years
- Financial security for unorganized sector workers in their old age
- Encouragement for unorganized sector workers to save for their retirement
- No requirement of Minimum balance to avail the pension benefits
- Low contribution starting from a minimum of Rs. 55 per month
- Easy and quick disbursal of pension through DBT
- Covering the workers in unorganized sector such as street vendors, rickshaw pullers, agricultural workers, and other similar occupations.
- Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM -KUSUM ) theirland. The benefits of this scheme are:
- Increased income generation opportunities for farmers through solar power projects
- Improved access to electricity for farmers
- Promotion of sustainable agricultural practices
- reduction in dependence on grid-based power and diesel generators
- Promotion of decentralized renewable energy
- encouraging the farmers to reduce the cost of irrigation by harnessing the solar energy.
- Pradhan Mantri Awas Yojana - Gramin (PMAY-G) - Pradhan Mantri Awas Yojana - Gramin (PMAY-G) is a scheme launched by the Indian government to provide affordable housing to economically weaker sections and low-income groups in rural areas. The benefits of this scheme are:
- Provision of affordable housing to economically weaker sections and low-income groups in rural areas.
- Improved living conditions for the rural poor
- Creation of job opportunities in the construction sector
- Increase in the demand for housing, promoting economic growth in rural areas
- Improved access to basic services such as water, sanitation, and electricity in rural areas
- Women empowerment as the house will be registered in the name of female head of households.
- Pradhan Mantri Awas Yojana - Urban (PMAY-U) - Pradhan Mantri Awas Yojana - Urban (PMAY-U) is a scheme launched by the Indian government to provide affordable housing to economically weaker sections and low-income groups in urban areas. The benefits of this scheme are:
- Provision of affordable housing to economically weaker sections and low-income groups in urban areas.
- Improved living conditions for the urban poor
- Creation of job opportunities in the construction sector
- Increase in the demand for housing, promoting economic growth in urban areas
- Improved access to basic services such as water, sanitation, and electricity in urban areas
- Women empowerment as the house will be registered in the name of female head of households
- Incentives and subsidies for the people who are not able to afford the house.
- Pradhan Mantri Krishi Sinchai Yojana (PMKSY) - Pradhan Mantri Krishi Sinchai Yojana (PMKSY) is a scheme launched by the Indian government to provide irrigation and water management solutions to farmers. The benefits of this scheme are:
- Increased irrigation coverage and water availability for agriculture
- Improved crop productivity and crop diversity
- Enhanced income and livelihood opportunities for farmers
- Improved water use efficiency and conservation
- Promotion of sustainable water management practices
- Integrated water management solutions
- Emphasis on the use of precision irrigation technologies
- Encouraging farmers to reduce the cost of irrigation by harnessing the water resources.
- Pradhan Mantri Vaya Vandana Yojana (PMVVY) - Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme launched by the Indian government for senior citizens. The benefits of this scheme are:
- Guaranteed pension for senior citizens for 10 years
- Pension payments can be made monthly, quarterly, half-yearly or annually
- Option for purchase of the scheme online through LIC's website
- Interest rate is guaranteed and will not change for the duration of the policy
- Tax benefits under Section 80C of the Income Tax Act
- Minimum and Maximum purchase price of the scheme is INR 1.5 Lakh and INR 15 Lakh respectively
- No risk of capital erosion as the scheme guarantees a return of purchase price on maturity
- No maximum age limit for purchasing the scheme
- Pradhan Mantri Skill Development Scheme (PMSDS) - Pradhan Mantri Skill Development Scheme (PMSS) is a scheme launched by the Indian government to provide skill training to the Indian youth to increase their employability. The benefits of this scheme are:
- Improving the employability of Indian youth by providing them with industry-relevant skills
- Encouraging entrepreneurship by providing training in various trades
- Providing training to the youth in new and emerging sectors such as IT, e-commerce, and digital
- Improving the employability of the youth in both urban and rural areas
- Providing training to the youth to increase their employability in the domestic and international markets
- Creating a skilled workforce to meet the demands of the Indian economy
- Providing training to the youth to increase their employability in the domestic and international markets
- Creating a skilled workforce to meet the demands of the Indian economy
- Encouraging private sector participation in skill development.
- Pradhan Mantri Adarsh Gram Yojana (PMAGY) - Pradhan Mantri Adarsh Gram Yojana (PMAGY) was a scheme launched by the Indian government in 2010 to develop model villages or "Adarsh Grams" by 2016 through the integration of various development schemes. The benefits of this scheme were:
- Development of model villages with basic infrastructure and facilities such as housing, sanitation, drinking water, and electrification
- Improved living conditions for the rural population
- Increased access to basic services such as education and healthcare
- Promotion of social inclusion and empowerment of marginalized communities
- Increased agricultural productivity and income generation opportunities
- Improved access to credit and financial services
- Enhanced social security and welfare measures
- Improved access to markets and employment opportunities.
- Pradhan Mantri Gram Sadak Yojana (PMGSY) - The Pradhan Mantri Gram Sadak Yojana (PMGSY) is a rural road connectivity program launched by the Government of India in 2000. The main objective of the program is to provide all-weather road connectivity to unconnected habitations in rural areas with a population of 500 or more.
- Improved connectivity for rural communities, making it easier for them to access essential services such as healthcare and education
- Increased economic opportunities for rural residents by facilitating the movement of goods and people
- Improved social and economic development in rural areas
- Increased safety and security for rural residents, particularly women and children
- Reduced isolation and increased social integration for rural communities.
- Pradhan Mantri National Pension System (PMNPS) - The Pradhan Mantri National Pension System (NPS) is a government-backed pension scheme in India. It offers the following benefits:
Low cost: NPS charges lower fees than many other pension schemes, making it an affordable option for individuals.
Flexibility: NPS allows individuals to choose the amount and frequency of their contributions, as well as the investment options.
Tax benefits: Contributions to NPS are eligible for tax deductions under Section 80C of the Income Tax Act, and withdrawals at retirement are taxed at a lower rate.
Choice of fund managers: Individuals can choose from a list of approved fund managers to manage their NPS investments.
Portability: NPS accounts can be transferred from one employer to another or from one city to another.
Withdrawal option: The NPS allows individuals to withdraw a portion of their funds before retirement for specific purposes such as higher education or purchase of a home.
Annuity purchase: At the time of retirement, subscribers can use a portion of their accumulated pension wealth to purchase an annuity which will provide a regular income post retirement.
- Pradhan Mantri Garib Kalyan Yojana (PMGKY) - The Pradhan Mantri Garib Kalyan Yojana (PMGKY) is a government scheme in India that provides financial assistance to poor and economically weaker sections of society. The benefits of PMGKY include:
Financial assistance: The scheme provides direct cash transfers to eligible beneficiaries to help them meet their basic needs.
Coverage for vulnerable groups: PMGKY focuses on providing assistance to vulnerable groups such as women, children, senior citizens, and people with disabilities.
Targeted approach: The scheme uses targeted approach to reach out to the intended beneficiaries, to ensure that the benefits reach the most deserving individuals.
Empowerment of women: PMGKY aims to empower women by providing them with financial assistance and enabling them to take charge of their own lives.
Aids in building resilience: PMGKY is designed to aid individuals and communities in building resilience against economic shocks, by providing financial assistance during difficult times.
Promotes self-sufficiency: The scheme aims to promote self-sufficiency among its beneficiaries by providing them with the necessary financial assistance to help them become self-reliant.
Note: The scheme has been launched to provide relief during COVID-19 pandemic situation and its benefits are subject to change based on the situation.
- Pradhan Mantri Kaushal Vikas Yojana (PMKVY) - The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a government scheme in India that aims to provide skill training to youth to enhance their employability and productivity. The benefits of PMKVY include:
Skill training: PMKVY provides skill training to youth in various sectors such as manufacturing, construction, beauty and wellness, retail, and hospitality.
Increased employability: The training provided under PMKVY enhances the employability of the youth, making them more attractive to potential employers.
Recognition of prior learning: The scheme also provides recognition of prior learning to individuals who have acquired skills informally, helping them to get better jobs.
Financial assistance: PMKVY provides financial assistance to individuals for the cost of the training and also provides post-placement support
Emphasis on entrepreneurship: PMKVY also focuses on promoting entrepreneurship among the youth, by providing them with training and mentorship opportunities.
Access to digital platforms: The scheme also provides access to digital platforms that connect trained individuals with potential employers.
National level recognition: PMKVY awards a National Skill Certification and Monetary Reward for successful completion of approved training program.
Focus on the underprivileged: PMKVY also focuses on providing skill training to underprivileged sections of society, such as women, minorities, and people with disabilities.