Economics: Recently Launched Schemes by GOI

Make in India

• It was Launched on 25th September 2014
• Make in India is an initiative of the Government of India to encourage multinational, as well as domestic, companies to manufacture their products in India.
• The major objective behind the initiative is to focus on job creation and skill enhancement in twenty-five sectors of the economy

Smart Cities

• Launched on 29th April 2015
• In first Government of india Will Develop 100 Smart cities in India
• Under this Scheme Cities from all States Are Selected

Swachh Bharat Abhiyan

• Launched on 2nd October 2014)
• To have clean India by 2nd October 2019
• Eliminate open defecation by constructing toilets for households, communities
• Eradicate manual scavenging
• Introduce modern and scientific municipal solid waste management practices
• Enable private sector participation in the sanitation sector
• Change people’s attitudes to sanitation and create awareness

 Sukanya Samridhi Account

• Launched on 22nd January 2015
• The scheme was launched by Prime Minister Narendra Modi on 22 January 2015 as a part of the BetiBachao, BetiPadhao campaign.
• The scheme currently provides an interest rate of 9.2% and tax benefits.
• The account can be opened at any India Post office or a branch of some authorised commercial banks

Pradhan Mantri Jan Dhan Yojana

• Launched on 28th August 2014 )
• Under the Jan DhanYojna anyone who is India citizen above age of 10 years and does not have a bank account, can open the account with zero balance. Account can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet, specially designed for the purpose of opening the accounts under this scheme. The scheme also provides facility of accidental insurance cover up to rupees one lac without any charge for the account holder.
• Under the PMJDY scheme the account holders will be given worth Rs.30000 insurance coverage if they comply with certain specification of the scheme which includes opening an account by January 26, 2015 and having an accidental insurance coverage of over Rs. 200000.

Pradhan Mantri Suraksha Bima Yojana

• Launched on 9th May 2015
• Eligibility: Available to people in age group 18 to 70 years with bank account.
• Premium: 12 per annum.
• Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.
• Risk Coverage: For accidental death and full disability – Rs.2 Lakh and for partial disability – Rs.1 Lakh.
• Eligibility: Any person having a bank account and Aadhaar number linked to the bank account can give a simple form to the bank every year before 1st of June in order to join the scheme. Name of nominee to be given in the form.

Atal Pension Scheme

• Under the Yojana, subscribers get fixed pension of INR 1000/2000/3000/4000/5000 per month depending upon contributions at the age of 60
• Contributions vary depending upon the age at which APY is joined
• Minimum age at which APY can be joined is 18 years; maximum is 40
• Minimum contribution period under a subscriber is 20 years or more
• Scheme was launched on June 1st, 2015

Pradhan Mantri Jeevan Jyoti Bima Yojana

• It was Launched on 9th May 2015
• Life insurance scheme by Government
• Eligibility: Available to people in the age group of 18 to 50 and having a bank account. People who join the scheme before completing 50 years can, however, continue to have the risk of life cover up to the age of 55 years subject to payment of premium.
• Premium: Rs.330 per annum. It will be auto-debited in one instalment.
• Payment Mode: The payment of premium will be directly auto-debited by the bank from the subscribers account.
• Risk Coverage: Rs.2 Lakh in case of death for any reason.
• Terms of Risk Coverage: A person has to opt for the scheme every year. He can also prefer to give a long-term option of continuing, in which case his account will be auto-debited every year by the bank.

Indradanush Scheme

• Mission Indradhanush was launched by the Ministry of Health and Family Welfare, Government of India on December 25, 2014.
• The Mission Indradhanush, depicting seven colours of the rainbow, aims to cover all those children by 2020 who are either unvaccinated, or are partially vaccinated against seven vaccine preventable diseases which include diphtheria, whooping cough, tetanus, polio, tuberculosis, measles and hepatitis B.

Soil Health Card Scheme

• Soil Health Card Scheme is a scheme launched by the Government of India in February 2015.
• Under the scheme, the government plans to issue soil cards to farmers which will carry crop-wise recommendations of nutrients and fertilisers required for the individual farms to help farmers to improve productivity through judicious use of inputs.
• All soil samples are to be tested in various soil testing labs across the country.
• Thereafter the experts will analyse the strength and weaknesses (micro-nutrients deficiency) of the soil and suggest measures to deal with it.
• The result and suggestion will be displayed in the cards.
• The government plans to issue the cards to 14 crore farmers