Indian government announced various welfare schemes for different sections of the society.

Here are details of some government schemes:

A bank account under Jan Dhan Yojana is intended to provide bank services to all citizens of the country. It is the basic account with zero balance limit. It has several benefits.

Accidental insurance cover of ₹1 lakh and life insurance cover of ₹30,000 is available for these account holders. There is also an overdraft facility of ₹5,000. This account is used to avail direct benefit transfer of government schemes including subsidy on LPG cylinders.

Pradhan Mantri Awas Yojana (PMAY) is a credit-linked subsidy scheme (CLSS) which intends to provide subsidy on the interest paid on home loans. The beneficiaries are categorized into Economical Weaker Section (EWS) and Lower Income Group(LIG) Middle Income Group (MIG)1 and 2 based on their income.

Anyone that has an annual income under ₹18 lakhs per annum can avail subsidy on the home loan for their first home. In addition to that, several municipality authorities are undertaking various projects. You can check their websites.

Pradhan Mantri Suraksha Bima Yojana is intended to provide accidental insurance for the policyholders aged between 18 to 70 years. The insurance cover is ₹2 lakh for a premium of ₹12 per year.

You can pay the premium using the auto-debit option from your bank account. The accidental cover starts from June 1 and continues till May 31 of next year. In addition to the life cover, the irrecoverable loss of sight of one eye or loss of one hand or one foot is also available for an assured sum of ₹1 lakh.

Pradhan Mantri Jeevan Jyoti Bima Yojana is a term life insurance plan. The nominees of the beneficiaries can get a life cover of ₹2 lakh. People who are aged between 18 to 50 years can avail this scheme. The assurance will be terminated after the policyholder turns 55 years. The annual premium is ₹330.

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