Economic Survey of Himachal Pradesh 2017-18 Bank And Finance

INSTITUTIONAL AND BANK FINANCES

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Financial Inclusion initiatives

UNIVERSAL SOCIAL SECURITY INITIATIVES UNDER PMJDY SCHEME

  • Total 10.55 lakh BSBDA
  • Launched on 28th August 2014

PRADHAN MANTRI JAN DHAN YOJANA (PMJDY):

  • three Social Security Schemes as a comprehensive social security initiative

Economic Survey 2017-18 INSTITUTIONAL AND BANK FINANCES

  • MICRO INSURANCE SCHEMES:
  • PRADHAN MANTRI SURAKSHA BIMA YOJANA- (PMSBY):
  • Providing renewable one year accidental death cum special ability cover of 2.00 lakh (1.00 lakh for partial permanent disability) to all the saving bank account holders in the age group of 18 to 70 years for a premium of 12.00 per annum.
  • Launch Date : 9 May 2015

PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA- (PMJJBY) :

  • This scheme is providing a renewable one year life cover of 2.00 lakh to all the saving bank account holders in the age group of 18 to 50 years, covering death due to any reason for a premium of 330.00 per annum per subscriber.
  • Launch Date : 9 May 2015

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MICRO PENSION SCHEME:

  • ATAL PENSION YOJANA (APY)
  • Launch Date : 9 May 2015
  • It provides subscribers a fixed minimum pension of 1,000, 2,000, 3,000, 4,000 or 5,000 per month starting at the age of 60 years, depending on the contribution option exercised on entering at the age between 18 and 40 years.

Scheme for Entrepreneur

  • PRADHAN MANTRI MUDRA YOJANA (PMMY):
  • The smaller of the micro enterprises mainly consist of non- farm enterprises in Manufacturing Trading and Services whose credit needs are below 10.00 lakh.
  • Launch Date : 8 April 2015
  • Motto : “Fund the Unfunded”

STAND-UP INDIA SCHEME (SUIS):

  • encourage entrepreneurial culture among unserved and underserved segments of the society represented by SC, ST and women. The Scheme facilitate loan from Banks between 10.00 lakh and 1.00 crore.
  • Launch Date : 5 April 2016

 

Government Sponsored Schemes:

National Rural Livelihood Mission (NRLM)

  • Launched By : Ministry of Rural Development in 2011
  • Promoting poverty reduction through building strong institutions of the poor, particularly women and enabling these institutions to access a range of financial services and livelihoods services.
  • Renamed Deen Dayal Antyodaya Yojana in 2016

 National Urban Livelihood Mission (NULM)

  • Launched By: Ministry of Housing and Urban Poverty Alleviation (MoHUPA)
  • Restructured the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY)
  • Focus on providing financial assistance through a provision of interest subsidy on loans to support establishment of individual and Group Enterprises and self-Help Groups (SHGs) of urban poor.

Pradhan Mantri Employment Generation Programme (PMEGP)

  • Credit linked subsidy programme administered by the Ministry of Micro, Small and Medium Enterprises, Government of India. Khadi and Village Industries Commission (KVIC) is the nodal agency at national level for implementation of the scheme.

Dairy Entrepreneurship Development Scheme (DEDS)

  • Launched By: Ministry of Agriculture and Farmer Welfare through NABARD

Kisan Credit Cards :

  • To meet the short-term credit requirements for cultivation of crops and other needs.

Rural Self Employment Training Institutes (RSETIs)

  • Launched By : Ministry of Rural Development

Farm Sector Initiatives

  • Watershed Development :
    • watershed project has been sanctioned in Bhangal Khad for the year 2017-18 in Sirmaur District.
  • Tribal Development through the Tribal Development Fund (TDF)
  • Support through the Farm Sector Promotion Fund (FSPF)
  • Promotion of Farmer Producer Organisation (FPOs) :
    • Ministry of Agriculture, Government of India, has allocated a budget of 200.00 crore for formation of 2,000 Farmer Producer Organisations in the country.
  • Umbrella Programme on Natural Resource Management (UPNRM)
    • NABARD has been implementing NRM based projects like watershed and Wadi projects for the past 16 years under Indo-German collaboration
  • Financial Inclusion
    • Financial Inclusion is the process of ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular at an affordable cost in fair and transparent manner by mainstream institutional players.

Tools for Financial Inclusion

  • Digital Programme:
  • Addressing Connectivity issues of the State:
  • Financial Awareness through Audio Jingles:
  • Bank Sakhi Model:
  • Promotion of Cashless Transaction:

 

 

 

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