Pradhan Mantri Jan Dhan Yojana ( PMJDY) :
AIM : National Mission for financial inclusion to ensure access to financial services, namely Banking Savings and Deposit accounts, Remittance, Credit , Insurance and Pension in an affordable manner.
Launched : 15 August 2014
Location : New Delhi
Important Points :
1. Its cover 1,00,000 rupees Accidental insurance and 30,000 life insurance.
2.No minimum balance is required .
3. Overdraft facility upto 5,000 rupees and they provide RuPay Debit Card .
4. Accidental Insurance Cover and Overdraft facilities available after 45days .
Sukhanya Samridi Yojana :
AIM : Government is trying to give a social message that Girl Child is not a financial burden.
Launched : 22 January 2015
Location : Haryana , Panipat
Brand Ambassador : Madhuri Dixit
Important Points :
1. Present Interest Rate : 8.6%
2.Initial deposit of 1,000 rupees and there after any amount in multiple of 100 can be deposited subject to maximum limit of 1,50,000 , age of 10 years girl.
3.The maturity of account is 21 years from the date of opening account or Marriage of the girl child .
Micro Units Development and Refinance Agency (MUDRA) :
AIM : Developing Employment and Financial Support . Its extend finance and credit support to Microfinance Institutions(MFI) and agencies that lend money to Small businesses , retailers,self-help groups and individuals .
Launched : 8 April 2015
Location : New Delhi
Important Points :
1. MUDRA Ltd Bank started with 20,000 Cr Corpus and 3,000 Cr credit guarantee corpus.
2. MUDRA Bank has launched 3 loan instruments .
A. Shishu : its covers loan upto 50,000
B. Kishor : its cover loan between 50,000 to 5,00,000.
C. Tarun : its cover loan between 5,00,000 to 10,00,000.
Atal Pension Yojana (APY) :
AIM : To create Social Security
Launched : 9 May 2015
Location : Kolkata
Important Points :
1. Minimum age to join this scheme is 18 years and maximum age is 40 years.
2. The monthly contribution of member is depends on the age and how much amount he wants monthly after retirement.
Example : If a person wants join in this scheme at age 30 and he wants monthly pension 3000. He need to contribute 231 rupees every month upto he attains 60 years age .
2. Scheme member would receive the fixed monthly pension 1,000 to 5,000 rupees at age of 60 years.
3. On death of member his wife would get 1,000 rupees per month and after death of his wife the nominees will get 1,70,000 rupees.
Pradhan Mantri Jeevan Jyoti Bima Yojana ( PMJJBY) :
AIM : To provide Social Security
Launched : 9 May 2015
Location : Kolkata
Important Points :
1. 18 to 50 years age bank account holders only eligible for this scheme.
2. Premium is fixed at 330 per year for a life cover of 2,00,000 .
Pradhan Mantri Suraksha Bima Yojana ( PMSBY ) :
AIM : To provide Social Security
Launched : 9 May 2015
Location : Kolkata
Important Points :
1. 18 to 70 years age bank account holder eligible for this scheme .
2.Just 12 rupees per annum premium for this scheme and it will cover 2,00,000.
Kisan Vikas Patra (KVP ) :
AIM : To increase Savings
Launched : First launched in 1988 by Indian Post .Re-Introduced in 2014.
Important Points :
1.Maturity Periodnof 110 months (9 years & 2 months )
2.Denominations of Rs 1,000, 5000, 10,000 and Rs 50,000.
With no upper limit.
3. Lock- in period of 2 & 1/2 years from the date of issue.
4. Present Interest Rate : 7.8%
Note : Due to decrease in Interest rate 8.7% to 7.8% , The amount double timing is increased from 100 to 110 months
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