Various Government Schemes
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.
Image Credit : Narendra Modi / CC BY 2.0
You may also like
Image Reference: https://secure.flickr.com/photos/narendramodiofficial/9191758848/
Recent Posts
- Econscious redefines sustainable fashion with style and purposeeconscious was founded with a mission to craft high-quality apparel that respects the planet and its people.
- Why good credit scores alone can’t guarantee a loanKnow why your credit application may still be rejected and how you can address these issues.
- Air quality hits hazardous levels in Delhi NCRThe Delhi government has declared the situation a medical emergency and stressed the need for urgent action.
- Econscious redefines sustainable fashion with style and purpose
What’s new at WeRIndia.com
News from 700+ sources
-
Samantha tops IMDb’s Popular Indian Celebrities list
-
Congress party demands probe into agreements signed by Discoms in Andhra Pradesh with Adani Group
-
ICC issues arrest warrant against Israeli PM Netanyahu
-
40 lakh ineligible members removed from cooperative societies in Tamil Nadu, says Minister Periyakaruppan
-
ICAR-CTCRI releases three improved arrowroot varieties
-
ET Market Watch: Adani stocks drag Sensex over 400 points lower, Nifty at 23,350
-
WeRIndia – A News Aggregator
Visit werindia.com for all types of National | Business | World | Politics | Entertainment | Health related news and much more..
Leave a Reply