Schemes 2016

Top 11 Schemes for 2016 Exams

Pradhan Mantri Mudra Yojana

Pradhan Mantri Mudra Yojana under the Micro Units Development and Refinance Agency
(MUDRA) Bank is a new institution being set up by Government of India for development and
refinancing activities relating to micro units.
Loans worth about Rs 1 lakh crore have been sanctioned to small entrepreneurs under the
Pradhan Mantri MUDRA Yojana.
Under the scheme, Pradhan Mantri Mudra Yojana three categories of interventions has been
named which includes
1. Shishu :- Loan up to ₹50,000
2. Kishore :- Loan ranging from ₹50,000 to ₹5 lakh
3. Tarun :- Loan above ₹5 lakh and below ₹10 lakh

Micro Units Development and Refinance Agency Bank (or MUDRA Bank) is a public sector
financial institution in India. It provides loans at low rates to micro-finance institutions and non-
banking financial institutions which then provide credit to MSMEs.
The bank will have an initial corpus of ₹200 billion and a credit guarantee fund of ₹30 billion. The
bank will initially function as a non-banking financial company and a subsidiary of the Small
Industries Development Bank of India (SIDBI). Later, it will be made into a separate company. It
will also serve as a regulator for other micro-finance institutions (MFIs) and provide them
refinancing services. It will provide guidelines for MFIs and give them ratings.

Government has decided to provide an additional fund of ₹1 trillion to the market and will be
allocated as

 40% to shishu
 35% to kishor
 25% to Tarun

Those eligible to borrow from MUDRA bank are

1. Small manufacturing unit
2. Shopkeepers
3. Fruit and vegetable vendors
4. Artisans

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The Pradhan Mantri Fasal Bima Yojna

The new Crop Insurance Scheme is in line with One Nation – One Scheme theme. It incorporates
the best features of all previous schemes and at the same time, all previous
shortcomings/weaknesses have been removed.
Highlights of this scheme
1. This upgrade by NDA government to the existing scheme ensures the biggest ever
contribution by government to Crop Insurance.
2. Rs 8,800 cr crop insurance scheme has been sanctioned under this scheme.
3. The contribution by the government makes the farmer bear the minimum of the premium
rate.
4. There will be one premium rate for each season on all foodgrains, oilseeds, and pulses –
removing all the variaitions in rates across crops and districts within season – Kharif: 2%;
Rabi: 1.5%.
5. There will be no capping of the sum insured; the farmers will get full insurance cover.
6. Inundation has been included in this upgrade.
7. Emphasis on the usage of smartphones and satellite technology to facilitate the accurate
assessment and settlement of claims is done.

START-UP India

The entity shall cease to be a Startup if its turnover for the previous financial years has
exceeded INR
25 crore or it has completed 5 years from the date of incorporation/ registration.
Key points
1. Single Window Clearance even with the help of a mobile application
2. 10,000 crore funds of fund
3. 80% reduction in patent registration fee
4. Modified and more friendly Bankruptcy Code to ensure 90-day exit window
5. Freedom from mystifying inspections for 3 years
6. Freedom from Capital Gain Tax for 3 years
7. Freedom from tax in profits for 3 years
8. Eliminating red tape

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9. Self-certification compliance
10. Innovation hub under Atal Innovation Mission
11. Starting with 5 lakh schools to target 10 lakh children for innovation programme

Stand-UP India
Government of India launched the “Stand Up India Scheme” to promote entrepreneurship
among SC/ST and Women entrepreneurs. The Scheme is intended to facilitate at least two such
projects per bank branch, on an average one for eachcategory of entrepreneur. It is expected to
benefit atleast 2.5 lakh borrowers.
The expected date of reaching the target of at least 2.5 lakh approvals is 36 months from the
launch of the Scheme.
The Stand Up India Scheme provides for:
1. Refinance window through Small Industries Development Bank of India (SIDBI) with an
initial amount of Rs. 10,000 crore.
2. Creation of a credit guarantee mechanism through the National Credit Guarantee Trustee
Company (NCGTC).
3. Handholding support for borrowers both at the pre loan stage and during operations. This
would include increasing their familiarity with factoring services, registration with online
platforms and e-market places as well as sessions on best practices and problem solving.
The details of the scheme are as follows:

 Focus is on handholding support for both SC/ST and Women borrowers.

 The overall intent of the approval is to leverage the institutional credit structure to reach
out to these under-served sectors of the population by facilitating bank loans repayable
up to 7 years and between Rs. 10 lakh to Rs. 100 lakh for greenfield enterprises in the non
farm sector set up by such SC, ST and Women borrowers.
 The loan under the scheme would be appropriately secured and backed by a credit
guarantee through a credit guarantee scheme for which Department of Financial Services
would be the settler and National Credit Guarantee Trustee Company Ltd. (NCGTC) would
be the operating agency.
 Margin money of the composite loan would be up to 25%. Convergence with state
schemes is expected to reduce the actual requirement of margin money for a number of
borrowers.
 Over a period of time, it is proposed that a credit history of the borrower be built up
through Credit Bureaus.

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ATAL INNOVATION MISSION

The Atal Innovation Mission (AIM) shall have two core functions:
• Entrepreneurship promotion through Self-Employment and Talent Utilization (SETU),
wherein innovators would be supported and mentored to become successful
entrepreneurs
• Innovation promotion: to provide a platform where innovative ideas are generated
The main components proposed to be undertaken as part of the mission include:
Entrepreneurship promotion:
• Establishment of sector specific Incubators including in PPP mode
• Establishment of 500 Tinkering Labs
• Pre-incubation training to potential entrepreneurs in various technology areas in
collaboration with various academic institutions having expertise in the field
• Strengthening of incubation facilities in existing incubators and mentoring of Startups
• Seed funding to potentially successful and high growth Startups
 Innovation promotion:
• Institution of Innovation Awards (3 per state/UT) and 3 National level awards
• Providing support to State Innovation Councils for awareness creation and organizing
state level workshops/conferences
• Launch of Grand Innovation Challenge Awards for finding ultra-low cost solutions to
India’s pressing and intractable problems

DIGITAL INDIA
Digital India is an initiative by the Government of India to ensure that Government services are
made available to citizens electronically by improving online infrastructure and by increasing
Internet connectivity.
Digital India has three core components. These include:
1. The creation of digital infrastructure
2. Delivering services digitally
3. Digital literacy

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What will we get?

Broadband in 2 lakh villages,universal phone connectivity, Net Zero Imports by 2020, 400,000
Public Internet Access Points, Wi-fi in 2.5 lakh schools, all universities; Public wi-fi hotspots for
citizens, Digital Inclusion: 1.7 Cr Job created for IT, Telecom and Electronics Jobs creation and
Indirect at least 8.5 Cr. e-Governance & eServices: Across government. India to be leader in IT
use in services – health, education, banking Digitally empowered citizens – public cloud, internet
access.
On 28 December 2015, the Panchkula district of Haryana was awarded for being the top
performing district in the state under the Digital India campaign.
There are nine pillars of Digital India Programme.
1. Broadband Highways
2. Universal Access to Mobile Connectivity
3. Public Internet Access Programme
4. e-Governance – Reforming Government through Technology
5. eKranti - Electronic delivery of services
6. Information for All
7. Electronics Manufacturing
8. IT for Jobs
9. Early Harvest Programmes

Some of the facilities which will be provided through this initiative are Digital Locker, e-
education, e-health, e-sign and national scholarship portal. As the part of Digital India, Indian
government planned to launch Botnet cleaning centers.

Housing for All scheme in India

Housing for All scheme in India is a vision of Prime Minister Narendra Modi of India where all
facilities will provide in a place.
The government has identified 305 cities and towns have been identified in 9 states for beginning
construction of houses for urban poor.

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The Project is aimed for urban areas with following components/options to States/Union
Territories and cities:-

 Slum rehabilitation of Slum Dwellers with participation of private developers using land
as a resource;
 Promotion of affordable housing for weaker section through credit linked subsidy;
 Affordable housing in partnership with Public & Private sectors and
 Subsidy for beneficiary-led individual house construction or enhancement.

Central grant of ₹1 lakh per house, on an average, will be available under the slum rehabilitation
programme.
Under the Credit Linked Interest Subsidy component, interest subsidy of 6.5 percent on housing
loans availed upto a tenure of 15 years will be provided to EWS/LIG categories, wherein the
subsidy pay-out on NPV basis would be about Rs.2.3 lakh per house for both the categories.
Central assistance at the rate of Rs.1.5 lakh per house for EWS category will be provided under
the Affordable Housing in Partnership and Beneficiary-led individual house construction or
enhancement.
The government has identified 305 cities and towns have been identified in 9 states for beginning
construction of houses for urban poor.
1. Chhattisgarh - 75 cities/towns
2. Gujarat - 30 cities/towns
3. Jammu and Kashmir - 19 cities/towns
4. Jharkhand - 15 cities/towns
5. Kerala - 15 cities/towns
6. Madhya Pradesh - 74 cities/towns
7. Odisha - 42 cities/towns
8. Rajasthan - 40 cities/towns
9. Telangana - 34 cities/towns

PaHaL (Pratyaksha Hastaantarit Laabh)

PaHaL (Pratyaksha Hastaantarit Laabh) is the abbreviated alternate Hindi name for the Direct
Benefit Transfer (DBT) Scheme existing in India for the direct cash transfer of subsidy for Liquefied
Petroleum Gas (LPG) used in household cooking. As the name suggests, LPG consumers who join
the PaHaL scheme will get their LPG cylinders at market price and receive LPG subsidy, as per
their entitlement, directly into their bank accounts.

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The PaHaL scheme has been acknowledged by the Guinness Book of World Records for being
the largest cash transfer program (households) with 12.57 crore households receiving cash
transfer as of 30 June, 2015.
The DBT Scheme for LPG was launched initially on 1 June 2013 by linking the LPG subsidy solely
to Aadhaar – the biometric based unique identity number provided to the Indian citizens – and
covered a total of 9.55 crore LPG consumers (out of the approximate 15 crore LPG consumers),
in 291 districts of the country (which had relatively better distribution of Aadhaar), as at the end
of December 2013 - i.e., over half of the LPG consumers in the country.

Give It Up Campaign
The PaHaL scheme was accompanied by a "Give It Up" campaign requesting people to
voluntarily give up their LPG subsidy, if they could afford to do so. Prime Minister Narendra Modi
appealed to the rich to give up their subsidies in order to benefit the poor.
As of 16 November 2015, 4,694,129 LPG consumers have voluntarily surrendered their subsidies.

Swachh Bharat Cess

Swachh Bharat Cess (Clean India Cess) is a levy/tax imposed by the Union Government on all
services, which are liable to service tax, for raising funds for the Sanitation campaign of the
Government known as Swachh Bharat Abhiyan.
The cess got imposed with effect from 15 November 2015 at the rate of 0.5%. This translates
into a tax of 50 paisa on every one hundred rupees worth of taxable services.

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Smart Cities Mission List of 20 Smart Cities Selected in First

Round
Smart Cities Mission is an urban renewal and
retrofitting program by the Government of S.
Name of State/UT Names of Cities Shortlisted
No.
India with a mission to develop 100 cities all
over the country making them citizen 1 Odisha Bhubaneswar
friendly and sustainable.
2 Maharastra Pune

3 Rajasthan Jaipur

4 Gujarat Surat

5 Kerala Kochi

6 Gujarat Ahmedabad

7 Madhya Pradesh Jabalpur

8 Andhra Pradesh Visakhapatnam

9 Maharashtra Sholapur
Visit for more materials
10 Karnataka Davangere

11 Madhya Pradesh Indore

12 New Delhi New Delhi

13 Tamil Nadu Coimbatore

14 Andhra Pradesh Kakinada

15 Karnataka Belagavi

16 Rajasthan Udaipur

17 Assam Guwahati

18 Tamil Nadu Chennai

19 Punjab Ludhiana

20 Madhya Pradesh Bhopal

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