Sakshi Education
Schemes launched by the government for the development of Country are always play an important role in General Knowledge portion.
Recently, Modi’s government launched such schemes to provide support to the financial future of an individual. They are:
- Pradhan Mantri Suraksha Bima Yojana (PMSBY)
OFFER: Accidental death and disability cover of Rs 2 lakh.
COST: Premium is Rs 12 per year.
ELIGIBILITY: Anybody who has a savings account in the banks those offer this scheme.
- Atal Pension Yojana (APY)
OFFER: Pension between Rs 1,000 and Rs 5,000 a month.
COST: For a monthly pension of Rs 1,000, a 40-year-old subscriber will have to invest Rs 291 per month for 20 years.
An 18-year-old will have to contribute Rs 42 per month for 40 years.
ELIGIBILITY: All individuals between 18 and 40, who will have to contribute till they turn 60.
- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
OFFER: A pure protection term insurance cover which pays Rs 2 lakh to dependents in the event of the policyholder's death.
COST: Premium is Rs 330 a year.
ELIGIBILITY: Anybody in the age of 18-70 years with a savings account in a bank that offers this scheme.
- Pradhan Mantri Jan Dhan Yojana (PMJDY)
OFFER: A savings account with no minimum balance. The Rupay ATM-cum-debit card comes with in-built accident and life covers of Rs 1 lakh and Rs 30,000 respectively.
COST: Nil
ELIGIBILITY: Anyone belonging to the economically weaker sections of society. As all future welfare and subsidy schemes are likely to be linked to it.
- Kisan Vikas Patra (KVP)
OFFER: A secure interest rate of 8.7% and the promise to double the investment in 100 months.
COST: The minimum investment is Rs 1,000. No maximum limit.
ELIGIBILITY: All
- Sukanya Samriddhi Scheme
OFFER: Guaranteed annual returns of 9.2%.
COST: Minimum contribution is Rs 1,000 a year and the maximum is Rs 1.5 lakh.
ELIGIBILITY: Girl child below the age of 10.
Published date : 02 Jun 2015 11:59AM
