#Atal Pension Yojana 2019

[poonamranius]

Sarkari Yojana : मोदी सरकार की इस योजना में हर महीने म‍िलेंगे 5000, अब तक 4 करोड़ लोगों ने कराया रज‍िस्‍ट्रेशन

Sarkari Yojana : मोदी सरकार की इस योजना में हर महीने म‍िलेंगे 5000, अब तक 4 करोड़ लोगों ने कराया रज‍िस्‍ट्रेशन

Sarkari Yojana 2022 Latest Update : मोदी सरकार की इस योजना के तहत सब्‍सक्राइबर्स को हर महीने 5000 रुपये म‍िलेंगे. अब तक इस योजना के सब्‍सक्राइबर्स की संख्‍या बढ़कर 4 करोड़ के पार पहुंच गई है. योजना से जुड़ने वालों के आंकड़े साल दर साल बढ़ रहे हैं. Sarkari Yojana Sarkari Yojana 2022 : हर इंसान का सपना होता है बुढ़ापे में सुकून भरी ज‍िंदगी जीना. घर से लेकर बाहर तक सब काम सेटल हो और खर्च के ल‍िए…

[newshindiplus]

Modi Govt Scheme: रोज 7 रुपये बचाकर पाएं 60 हजार रुपये पेंशन! मौत के बाद भी परिवार को मिलेगी मदद

Modi Govt Scheme: रोज 7 रुपये बचाकर पाएं 60 हजार रुपये पेंशन! मौत के बाद भी परिवार को मिलेगी मदद

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रोज 7 रुपये बचाकर पाएं 60 हजार रुपये पेंशन! मौत के बाद भी परिवार को मिलेगी मदद मोदी सरकार (Government of India) की इस महत्वाकांक���षी योजना के तहत आप रोजाना 7 रुपये बचाकर 60 साल की उम्र के बाद हर महीने 5,000 रुपये की पेंशन (60 हजार रुपये सालाना…

[atalpensionyojana]

आयु सीमा और अटल पेंशन योजना की राशि बढ़ा सकती है सरकार

आयु सीमा और अटल पेंशन योजना की राशि बढ़ा सकती है सरकार

पेंशन फंड रेगुलेटरी एंड डेवलपमेंट अथॉरिटी (PFRDA) ने पेंशन और उम्र की सीमा बढ़ाने का प्रस्ताव पेश किया है, जिसे सरकार देख रही है। अटल पेंशन योजना (APY) के तहत प्रस्ताव की सरकार द्वारा जांच की जा रही है, केंद्रीय वित्त और कॉर्पोरेट मामलों के मंत्री, निर्मला सीतारमण ने संसद में एक लिखित जवाब में कहा।

APY की न्यूनतम मासिक पेंशन प्रदान करने के लिए परिभाषित लाभ पर आधारित है। रु 1000 / रु 2,000 /…

[infnd-blog]

अटल पेंशन योजना (APY) : रिटर्न, इन्वेस्टमेंट जाने सब कुछ हिंदी में !

अटल पेंशन योजना (APY) : रिटर्न, इन्वेस्टमेंट जाने सब कुछ हिंदी में !

अटल पेंशन योजना (APY) एक भारत सरकार की पेंशन योजना है जो असंगठित क्षेत्र के कामगारो के लिए है जो किसी संगठन से नहीं जुड़े है और इनका कोई रिकार्ड नहीं है। इस योजना की शुरुआत 2015 में की गई और इसका नाम पूर्व प्रधानमंत्री अटल बिहारी बाजपाई के नाम पर “अटल पेंशन योजना” रखा जिसे हम एपीवाई भी कहते है।

इस योजना में कोई भी वयस्क जो की 18 से 40 साल के बिच हो लाभ ले सकता है। पेंशन निधि विनियामक और विकास…

[todaymandibhav]

Atal Pension Yojana 2019 New Updates In Hindi न्यूज़

Atal Pension Yojana 2019 New Updates In Hindi न्यूज़

Get Here Full Information About Atal Pension Yojana 2019 New Updates In Hindi. Like Age Limit,New Update Eligibility Criteria, Calculator, Chart, Increase Atal Pension Yojana Amount Up To 10 Thousand In 2019,Latest Premium Plan In APY, Benefit, List, Login, Balance, Bank, Brochure, PDF Chart & Much More.

Center May Increase Atal pension Yojana Amount Up To 10 Thousand

Atal Pension Yojana 2019…

[getallsarkariyojana]

New Schemes NREGA Job Card List and Atal Pension Yojana

The National Rural Employment Guarantee Act (NREGA) is a Central government program that guarantees 100 days of employment to every rural household in India. The Atal Pension Yojana (APY) is a social security program introduced by Prime Minister Narendra Modi in May 2016. It provides pension insurance and other financial assistance to the elderly, the disabled, and the unemployed in India. These two schemes have recently been updated with new schemes, job cards, and more. In this post, we will explore these updates and what they mean for you as an individual or business.

New Schemes NREGA Job Card List

The National Rural Employment Guarantee Act (NREGA) provides a nationally-level guarantee of jobs to eligible households in rural areas. In order to ensure that the scheme reaches all eligible households, the Employment and Training Ministry has launched a new job card scheme. The job card scheme will help identify the eligible households and provide them with employment guarantee cards. The cards will also help identify the beneficiaries who are likely to be most benefitted from NREGA employment. The new job card scheme is based on the Atal Pension Yojana (APY). Under APY, the state government pension fund manages a corpus of savings that is targeted at providing pensions to low-income elderly people. The Employment and Training Ministry has used APY as a model for its job card scheme because it allows for easy identification of eligible households and efficient targeting of employment guarantee benefits. The job card scheme will be implemented in three phases. In phase 1, which is scheduled to start in early 2017, all states will be involved. In phase 2, which is scheduled to start in early 2018, Uttar Pradesh and Bihar will be included, and in phase 3, which is scheduled to start in early 2019, all other states will be included. The job card scheme will use two data sources: household survey data collected by state governments under NREGA and information collected by banks about beneficiaries' bank accounts. Household survey data will be used to identify the number of residents in each household who are

Atal Pension Yojana

The Atal Pension Yojana (APY) is a new pension scheme which was announced by Prime Minister Narendra Modi in July 2015. The scheme is aimed at providing a basic pension of Rs. 1,000 per month to the elderly and the disabled. Eligible individuals will need to register for the scheme and provide proof of identification and residence. To date, the APY has been launched in eight states: Andhra Pradesh, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Karnataka, Madhya Pradesh, and Rajasthan. To be eligible for the APY, an individual must have completed 60 months of employment with an employer who has registered for the scheme. The APY will be available to both salaried employees and contractual workers. To receive payments under the APY, an individual will need to enroll in one of the state-run Citizens' Savings Banks (CSBs). As of September 2016, there were over 500 CSBs operational across India. Payments under the APY are made monthly on behalf of enrolled beneficiaries and can be withdrawn from any ATM. Beneficiaries do not require any documentation other than their Indian ID card to withdraw payments. The APY was first offered as a pilot project in two states – Andhra Pradesh and Rajasthan – in October 2015. The pilot project was successful and led to the expansion of the scheme to eight additional states in 2016. The Scheme has been met with

Conclusion

The latest schemes launched by the government of India are NREGA Job Card and Atal Pension Yojana. The goal of these two schemes is to provide a financial support to the rural population so that they can improve their socioeconomic conditions. With this, the beneficiaries will be able to access critical services such as education, health care, and employment opportunities.

[kamaalzindagi]

Success Story of Prime Minister Narendra Modi

Narendra Modi, the current prime minister of India. His full name is Narendra Damodardas Modi. He was born on 17 September 1950 at Vadnagar, Mehsana Gujarat. He came from a very simple family and was the tea selling boy just to earn a living for himself and his family. He is a perfect example of a man who disapproved that caste, creed, and religion doesn't decide your fate. He is an inspiration to many people who look at him as their idol. He is the first Prime Minister of India whose mother was alive when he took the office. He started his second tenure as the prime minister on 30 May 2019.

He has provided shelter and support to many underprivileged people by bringing policies, reforms, new amendments, and laws. He even gave the slogan 'Mai Bhi Chowkidar' that depicts the dignity of labour and takes the support of the working class.

In 1976, he had completed his higher secondary education in Vadnagar. When he was just 8 years old, he joined Rashtriya Swayamsevak Sangh (RSS). He never wanted to marry so at the age of 17 he left his home and started wandering to different places for two years. In his interview, he told that these two years he went to several ashrams founded by Swami Vivekanand.

During his tenure as a Prime Minister, he launched several schemes under his tenure such as:

Pradhan Mantri Jan Dhan Yojana

Swachch Bharat Mission for better sanitation facilities and cleaning public places

Mudra Bank Yojana for banking services for Medium and Small Enterprises

Pradhan Mantri Kaushal Vikas Yojana

Sansad Adarsh Gram Yojana to strengthen rural infrastructure

Make in India to enhance the manufacturing sector of India

Garib Kalyan Yojana to address the welfare needs of the poor.

E-Basta an online learning forum

Sukanya Samriddhi Yojana for financial empowerment of the girl child

Padhe Bharat Badhe Bharat to enhance children's reading, writing, and mathematical skills

Pradhan Mantri Ujjwala Yojana provides LPG to families living as BPL

Pradhan Mantri Krishi Sinchai Yojana to increase the efficiency in irrigation

Pradhan Mantri Fasal Bima Yojana is a scheme that provides insurance against crop failure

An LPG subsidy scheme is Pahal

DDU-Grameen Kaushalya Yojana provides vocational training to the rural youth as a part of the 'Skill India' mission

Nayi Manzil Yojana is a skill-based training given to Madrasa students

Stand Up India will support women and SC/ST, entrepreneurs

Atal Pension Scheme is a pension scheme for unorganized sector employees

Pradhan Mantri Suraksha Bima Yojana scheme provides insurance against accidents

Watch his complete biography and get to know more about his life struggles and achievements

[poonamranius]

Atal Pension Scheme Maturity : 60 साल की उम्र पूरी करने के बाद मिलेंगी बम्फर पेंशन, अभी करे आवेदन

Atal Pension Scheme Maturity : एपीवाई (Atal Pension Yojana) के तहत, मासिक पेंशन ग्राहक को उपलब्ध होगी, और उसके बाद उसके पति या पत्नी को और उनकी मृत्यु के बाद, ग्राहक की 60 वर्ष की आयु में जमा की गई पेंशन राशि, ग्राहक के नामांकित व्यक्ति को वापस कर दी जाएगी। अटल पेंशन योजना (APY) के बारे में जो कुछ भी आप जानना चाहते हैं, जैसे अटल पेंशन योजना का परिचय, अटल पेंशन योजना (Atal Pension Yojana) के लिए आवेदन कैसे करें, इस योजना का मुख्य आदर्श वाक्य, एनपीएस / स्वावलंबन से एपीवाई में प्रवास, अटल पेंशन योजना के लिए पात्रता। नरेंद्र मोदी सरकार अटल पेंशन योजना शुरू करेगी। भारत में वर्तमान में निजी और सार्वजनिक क्षेत्र और केंद्र सरकार दोनों में कई पेंशन उन्मुख बचत ��ोजनाएं मौजूद हैं। अब आप नीचे स्क्रॉल कर सकते हैं और अटल पेंशन योजना के लिए पूर्ण विवरण देख सकते हैं। Atal Pension Scheme Maturity अटल पेंशन योजना (APY), भारत के नागरिकों के लिए एक पेंशन योजना है जो असंगठित क्षेत्र के श्रमिकों पर केंद्रित है। एपीवाई (Atal Pension Yojana) के तहत न्यूनतम पेंशन की गारंटी रु. 1,000/-, 2,000/-, 3,000/-, 4,000 और 5,000/- प्रति माह 60 वर्ष की आयु प्राप्त करने के बाद ग्राहकों द्वारा योगदान के आधार पर दिया जाएगा। भारत के माननीय वित्त मंत्री श्री अरुण जेटली ने वर्ष 2015-16 के अपने बजट भाषण में एक नई पेंशन उन्मुख योजना “अटल पेंशन योजना” (Atal Pension Yojana) की घोषणा की है। अटल पेंशन योजना (APY) का नाम भारत के पूर्व प्रधान मंत्री माननीय “भारत रत्न अटल बिहारी वाजपेयी” के नाम पर रखा गया है। अटल पेंशन योजना (Atal Pension Yojana) शीघ्र ही “एपीवाई” “स्वावलंबन योजना” का एक बाद का संस्करण है। स्वावलंबन योजना के तहत कवरेज मुख्य रूप से 60 वर्ष की आयु में पेंशन लाभों की स्पष्टता की कमी के कारण अपर्याप्त साबित हुई थी। इस समस्या को हल करने के लिए सरकार आई है। एपीवाई। इस योजना का मुख्य आदर्श वाक्य: सभी असंगठित क्षेत्र के श्रमिकों को सक्षम करने के लिए, जो वर्तमान में किसी भी सामाजिक सुरक्षा योजना का लाभ नहीं उठाते हैं, भविष्य के लिए बचत करने के लिए। असंगठित क्षेत्र के श्रमिकों को उनकी सेवानिवृत्ति के लिए स्वेच्छा से बचत करने के लिए प्रोत्साहित करना ! पेंशन के रूप में एक निश्चित राशि प्रदान करने के लिए ऐसे समय में सहायता करने के लिए जब वे अब कमाई नहीं कर रहे हैं। एनपीएस / स्वावलंबन से एपीवाई में स्थानांतरण: सरकार ने प्रस्तावित किया है कि राष्ट्रीय पेंशन प्रणाली-स्वावलंबन (NPS-S) के मौजूदा ग्राहक, जिसे 2010 में शुरू किया गया था, जिसके तहत सरकार प्रत्येक ग्राहक के लिए प्रति माह 1000 का योगदान करती है, जो न्यूनतम 1000 प्रति माह का योगदान देता है, स्वचालित रूप से एपीवाई (Atal Pension Yojana) में स्थानांतरित ��ो जाएगा। जब तक कि वे स्वेच्छा से इसके लिए ऑप्ट आउट न करें। सरकार सह-योगदान: पेंशन योजना (Atal Pension Yojana) को और अधिक आकर्षक बनाने की दृष्टि से, सरकार अभिदाता के अंशदान का 50 प्रतिशत या 1,000 रुपये प्रति वर्ष, जो भी कम हो, का अंशदान करेगी। यह प्रत्येक पात्र अभिदाता के खाते में 2015-16 से 5 वर्ष की अवधि के लिए है। 2019-20 उन लोगों के लिए जो 31 दिसंबर, 2015 से पहले एनपीएस (NPS) में शामिल होते हैं और जो आयकर दाता नहीं हैं। सरकार के योगदान का लाभ वे लोग उठा सकते हैं जो 31 दिसंबर, 2015 से पहले योजना की सदस्यता लेते हैं। अटल पेंशन योजना के लिए पात्रता: कोई इस योजना (Atal Pension Yojana) का लाभ उठा सकता है यदि उसकी आयु 18 से 40 वर्ष के बीच है। इसके अलावा, किसी भी वैधानिक सामाजिक सुरक्षा योजना के सदस्य को यह योजना (APY) नहीं मिलेगी यानी उन्हें किसी अन्य सामाजिक सुरक्षा योजना की सदस्यता नहीं लेनी चाहिए। किसी को 60 वर्ष की आयु तक योगदान देना चाहिए। Read the full article

[abbu52]

Atal Bhujal Yojana PM Modi Launched a central sector scheme with an outlay of Rupees 6,000 crores

The Prime Minister Shri Narendra Modi launched Atal Bhujal Yojana (ATAL JAL) in an event held in New Delhi on the birth anniversary(25th Dec) of former Prime Minister Atal Bihari Vajpayee.

The CCEA approved for implementing Atal Bhujal Yojana (ATAL JAL). It is a central sector scheme with an outlay of Rupees 6,000 crores. 

It will be implemented for a 5-year period (2020-2021 till 2024-2025). 

The aim of the scheme is to improve groundwater management in 7 states, they are Gujarat, Haryana, Karnataka, Madhya Pradesh(MP), Maharashtra, Rajasthan, and Uttar Pradesh(UP). 

Out of the Rupees 6,000 crores total outlay, 50% will be given by World Bank as a loan, The remaining 50% will be obtained through Central Assistance from regular budgetary support.

Aadhar made mandatory for PMVVY pension scheme

The Union Ministry of Finance in its latest notification has made it mandatory to submit the proof of Aadhar number of senior citizens who have invested in the Pradhan Mantri Vaya Vandana Yojana (PMVVY). 

This move was done to bring transparency to financial processes and to reduce the incidence of fraud. 

PMVVY is a senior citizen pension scheme launched by the govt on May 4, 2017, as a way of providing additional investments to senior citizens. 

Investment of up to Rupees 15 lakhs can be made in this scheme. 

Life Insurance Corporation(LIC) of India is the sole operator of PMVVY.

Govt approved projects worth Rupees 7,000 crores under the Nirbhaya fund

The Ministry of Women and Child Development (MoWandCD) has announced the approval of projects worth Rupees 7,000 crore including setting up 1023 fast-track courts under the Nirbhaya fund. 

These courts were decided to be set up in order to provide speedy trials of over 1.66 lakh pending cases of crime against women and children in India. 

The Nirbhaya fund was set up in 2013 with Rupees 1,000 crores corpus by the Congress party-led govt. as a tribute to a 23-year-old Delhi gang-rape victim.

Future Skills PRIME: Government approves Rupees 436 crore for skill IT professionals

The Ministry of Electronics and Information Technology (MeitY) has approved Rupees 436 crore for Future Skills PRIME (Programme for Reskilling/Upskilling of IT Manpower for Employability) over a period of three years. 

The program aims to skill 412,000 IT (Information Technology) professionals in new technologies. 

The training will be executed by the Ministry of Electronics, IT, and Nasscom.

Every learner will be provided with a skills wallet in which he/she will get an opportunity to receive 12,000 from the government of India as an incentive. In February 2018 Prime Minister Narendra Modi announced the Future Skills Initiative.

Pradhan Mantri Krishi Sinchayee Yojana: Tamil Nadu tops in coverage under micro-irrigation for 2019

The Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) (https://pmksy.gov.in) released the data on states with coverage of area under micro-irrigation (MI) for the year 2019. 

As per the data, Tamil Nadu topped the list in coverage under micro-irrigation. 

Out of the 3.64 lakh hectares brought under micro-irrigation, Tamil Nadu accounts for around 1.39 lakh hectares, 38% of the total coverage in the country. 

Other top-ranked states: TN was followed by Gujarat, Andhra Pradesh (AP), Maharashtra, Uttar Pradesh (UP) in the 2nd 3rd, 4th and 5th place respectively.

[newshindiplus]

Atal Pension Yojana- सरकार ने आसान किए स्कीम से जु���़े नियम, अब मिलेगा 2.28 करोड़ लोगों को ज्यादा मुनाफा

Atal Pension Yojana- सरकार ने आसान किए स्कीम से जुड़े नियम, अब मिलेगा 2.28 करोड़ लोगों को ज्यादा मुनाफा

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नई दिल्ली. मोदी सरकार (Government of India) की इस महत्वाकांक्षी योजना अटल पेंशन योजना (Atal Pension Yojana के तहत आप रोजाना 7 रुपये बचाकर 60 साल की उम्र के बाद हर महीने 5,000 रुपये (सालाना 60 हजार रुपये) की पेंशन (5000 Rupees Pension) प्राप्‍त कर सकते हैं. वहीं, केंद्र सरकार ने अब बड़ा फैसला लेते…

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Know the benefits and restrictions of Atal Pension Yojana

Have you wondered about financial planning for workers in the unorganized sector:  it seems a far-fetched idea? Not exactly! Atal Pension Yojana, a pension scheme is for blue-collar workers in the unorganized sector like personal maids, drivers, gardeners, delivery boys, etc., was introduced in June 2015 by the Government. This social security programmer was introduced as a substitute to previous Government's Swavalamban Yojana NPS Lite, which was not received well by people.

APY intends to support these workers save money for their old age while they are working and ensures returns post-retirement. The scheme also guarantees a co-contribution by Central Government of 50 per cent of the total specified contribution by a worker, up to INR 1000 annually. But only those who joined APY before 31 December 2015 can avail the same. More, this co-contribution would be made only for five years, from financial years 2015-16 to 2019-20 in the eligible cases subject to terms stated below.

You are eligible for the scheme if:

1. An Indian citizen

2. Have a valid bank account linked to Aadhaar card

3. Between 18-40 years of age.

What is the monthly contribution?

Atal Pension Yojana Scheme is a regular contribution-based pension plan and promises a fixed monthly pension of INR 1000, INR 2000, INR 3000, INR 4000, or INR 5000. Your monthly contribution varies upon the fixed amount of monthly pension you want and the age when you start. Contributions stop and pension commences at 60 years of age. Therefore, even if you join the APY scheme at 40 years of age, you are required to pay a premium for a minimum of 20 years to claim the pension.

Benefits

APY scheme provides promises pension of INR 1,000 to INR 5,000 to the subscribers. The programme also lets a subscriber reduce or raise pension amount during the accrual phase, once a year.

If the death of the contributor happens, the spouse of the subscriber becomes entitled to the amount of pension till their demise. Post the death, of both spouse and subscriber; the nominee will be able to claim the pension money that the subscriber had accrued till 60 years of age.

However, if the subscriber expires before 60 years, the spouse can either leave the scheme and claim the accrued amount or continue under the subscriber's name for the remaining years.

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Union Budget 2019-2020: Quick look at the labour reforms agenda and push to start-ups and entrepreneurshi

This article has been written by Hitansh Sharma, independent legal practitioner.

The Hon’ble Union Finance Minister Nirmala Sitharaman presented her maiden budget in the Parliament, announcing a slew of measures aiming to boost the economy and generate employment. In this Modi Government 2.0’s first budget presented by the first female Finance Minister in the country handling the Ministry of Finance charge full-time, there was a distinct focus on women empowerment, rural growth, infrastructure, digital economy and MSMEs. Aiming a 5 trillion dollar economy and outlining a 10-point vision for the next decade, this budget also reiterated the Government’s agenda to usher in labour law reforms, improve the job numbers and give impetus to the start-up ecosystem and entrepreneurship. The Finance Minister, in her budget speech, stated that the start-ups in India are taking firm roots and their continued growth needs to be encouraged.

Let us take a quick look at some of the announcements made in the budget on the labour/employment front and for boosting the start-ups and entrepreneurship sentiment: 

Labour and employment: 

Rationalising of labour laws:

The Finance Minister, in her speech, reiterated the agenda of the Modi Government to codify the labour laws into 4 compact codes. It was stated that this will ensure process of registration and filing of returns gets standardized and streamlined. Further, with various labour related definitions getting standardized, it is expected that there shall be less disputes. It is to be remembered that this major reform push gained momentum when the Government came out with drafts of these codes during its last tenure. The stakeholder comments were invited and the deliberations took place. However, the process came to a halt with the announcement of Lok Sabha elections and Code on Wages Bill had lapsed after the 16th Lok Sabha was dissolved. The Finance Minister has made it clear, in no uncertain terms, that this is on the top of the agenda for the Modi Government 2.0. It is pertinent to note that The Code on Wages Bill was recently approved by the Union Cabinet. 

Pradhan Mantri Karam Yogi Maandhan:

This scheme will provide pension benefits to retail traders and small shopkeepers. Taking note of the overwhelming response received by the predecessor of this scheme announced before the elections, the Finance Minister announced that this pension benefit will be extended to about 3 crore retail traders and small shopkeepers whose annual turnover is less than INR 1.5 crore under this new revamped scheme. Enrolment into the scheme will require only Aadhaar and a bank account and rest will be on self-declaration. Pradhan Mantri Shram Yogi Maandhan was launched on March 5, 2019, aiming at providing INR 3,000 per month as pension on attaining the age of 60 to workers in unorganized and informal sectors. According to the Government, about 30 lakh workers have joined this scheme already.

National Pension System 

The Finance Minister stated that the Pension Fund Regulatory and Development Authority (PFRDA) implements and regulates the National Pension System (NPS) and Atal Pension Yojana through various intermediaries including, inter-alia, the NPS Trust. The Government has decided to take steps to separate the NPS Trust from PFRDA with appropriate organizational structure. This is being done keeping in view the wider interest of the subscribers and to maintain arm’s length relationship of the NPS Trust with PFRDA, the Finance Minister announced in her budget speech. Further, in order to give effect to the cabinet decision already taken to incentivise NPS, it is proposed to- (i) increase the limit of exemption from current 40% to 60% of payment on final withdrawal from NPS; (ii) allow deduction for employer’s contribution up to 14% of salary from current 10%, in case of Central Government employee; and (iii) allow deduction under Section 80C for contribution made to Tier II NPS account by Central Government employees.

Skilled manpower

The focus of the Modi Government on the Skill India Mission continues as the budget laid focus on skilled manpower and need to train the youth in upcoming sectors like artificial intelligence, robotics, etc. It was stated that the Government enables about 10 million youth to take up industry-relevant skill training through the Pradhan Mantri Kaushal Vikas Yojana. The Government also wants to prepare the youth to take up jobs overseas, and thus will increase focus on skill sets needed abroad including language training.

Click Here

Start-ups and entrepreneurship: 

Exclusive TV channel for start-ups:

An interesting announcement is made in this year’s budget as the Government has proposed to start a television programme within the DD bouquet of channels exclusively for start-ups. According to the Government, this will serve as a platform for promoting start-ups, discussing issues affecting their growth, matchmaking with venture capitalists and for funding and tax planning. The most interesting aspect is that the Government proposes that this channel be designed and executed by start-ups themselves. 

Focus on new-age skills

This may not directly benefit start-ups. However, given the sectors Government wants to focus on, surely a better talent pool (to hire from) will be created for growing number of start-ups in upcoming sectors. Government wants to train a large number of youth in new-age skills like artificial intelligence, internet of things, big data, 3d printing, virtual reality and robotics. 

Aspire 

The Finance Minister announced this measure for entrepreneurial push in traditional industries and to give a boost to rural economy.  The Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship (ASPIRE) has been consolidated for setting up of Livelihood Business Incubators (LBIs) and Technology Business Incubators (TBIs), contemplating setting up of 80 LBIs and 20 TBIs in 2019-20 to develop 75,000 skilled entrepreneurs in agro-rural industry sectors. It was also announced that Government will support private entrepreneurships in driving value-addition to farmers’ produce from the field and for those from allied activities, like bamboo and timber from the hedges and for generating renewable energy.

Tax and other reforms:

The Finance Minister stated that to resolve the so-called ‘angel tax’ issue, the start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums. The issue of establishing identity of the investor and source of his funds will be resolved by putting in place a mechanism of e-verification. With this, funds raised by start-ups will not require any kind of scrutiny from the Income Tax Department. In addition, special administrative arrangements will be made by Central Board of Direct Taxes for pending assessments of startups and redressal of their grievances. It will be ensured that no inquiry or verification in such cases can be carried out by the Assessing Officer without obtaining approval of his supervisory officer. The Finance Minister further announced that, at present, start-ups are not required to justify fair market value of their shares issued to certain investors including Category-I Alternative Investment Funds (AIF) and this benefit will be extended to Category-II AIF also. Other announcements were relaxation of some of the conditions for carry forward and set off of losses in the case of start-ups and proposal to extend the period of exemption of capital gains arising from sale of residential house for investment in start-ups up to March 31, 2021 along with relaxation of certain conditions of this exemption. You may refer to Annex to Part B of Budget Speech (Direct Tax Proposals, Paragraph 3.3) for more information. 

Stand-Up India Scheme:

As per the government website, this scheme aims at financing SC/ST entrepreneurs and women entrepreneurs by facilitating bank loans for them. Considering the positive response to this scheme, the Government has decided to continue this scheme for the entire period coinciding with the 15th Finance Commission period of 2020-25. It was noted that the synthesis between stand up and start up with commercial banks playing the catalyst has brought a transformational change.

Support to women entrepreneurs: 

The Government is supporting and encouraging women entrepreneurship through various schemes such as Pradhan Mantri Mudra Yojana (PMMY), Stand UP India and the Self Help Group (SHG) movement. The Finance Minister announced that in order to further encourage women enterprise, the women SHG interest subvention programme will be expanded to all districts. Furthermore, for every verified women SHG member having a jan dhan bank account, an overdraft of INR 5,000 is proposed to be allowed. One woman in every SHG will also be made eligible for a loan up to INR 1 lakh under the PMMY.

The author have referred the fallowing link  Click Here

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Investing money is very important; you might have enough for today but someday you’ll have to struggle due to lack of sufficient money for survival. Your savings today is your income for tomorrow. If you understand the concern, find out fitting savings schemes and start investing money. The amount doesn’t matter, eventually your investment budget will grow and you’ll be able to invest more.

Why should you invest in best saving schemes in India? here are few of good reasons given below:

You can use your savings to good use in the future

Investing in a profitable scheme can help you avail a form of income via ROIs

You can expect better growth of your money

Some small saving schemes such as the fixed deposit come with guaranteed returns and help you fulfill in goals for sure

Here are some small saving schemes including post-office term deposit will help you earn higher ROI.

Company Fixed Deposit Scheme: Company Fixed Deposit refers to FD schemes offered by NBFCs. For instance, apart from banks there are certain non-banking institutions such as Bajaj Finance which offers FD. The interest rates are usually higher but the minimum investment amount is higher.

Atal Pension Yojana: Atal Pension Yojana is a scheme by the Central Government for retired people. It is best for people belonging to EWS & LIG category.

Post-Office Term Deposit: Next, Post-office Fixed Deposits are almost like regular FDs but come with a non-negotiable lock-in period.

PPF: PPF is also known as Public Provident Fund and allows people to save a small amount every month and take regular payouts post-retirement. You must contact your bank for more details on ppd saving account.

Read all the terms and conditions before investing in top saving plans. Hope this will be helpful to you.

Additional read: Top 5 Small Saving Schemes in India

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Budget 2019: Things to watch for in the new mega pension scheme; will it make Atal Pension Yojana redundant?

Budget 2019: Things to watch for in the new mega pension scheme; will it make Atal Pension Yojana redundant?

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The Narendra Modi led NDA-government, in its last budget for its term, has announceda mammoth pension plan for the unorganised sector, called the Pradhan Mantri Shram-Yogi Maandhan Mega Pension Yojana” (PMSYM), which Finance Minister Piyush Goyal dubbed it as the mega pension yojana in his Budget speech on Friday. At the moment, only sketchy…

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NREGA Job Card List and  Atal Pension Yojana

The government has launched two major schemes for the benefit of the rural population - the Atal Pension Yojana and the NREGA Job Card List. Both these schemes have been designed to provide financial security and employment opportunities to the rural people. 

 The Atal Pension Yojana is a pension scheme for the unorganized sector workers. It will provide them with a minimum guaranteed pension of Rs. 1000 per month, after they reach the age of 60 years. The scheme is open to all citizens of India between the ages of 18 and 40 years. 

The NREGA Job Card List is a list of jobs created under the National Rural Employment Guarantee Act. The scheme provides employment to the rural people in the form of unskilled manual work. The jobs are available for a period of 100 days in a year. 

 Both these schemes are extremely beneficial for the rural population. The Atal Pension Yojana will provide them with a regular income after retirement, while the NREGA Job Card List will provide them with employment opportunities.

The Atal Pension Yojana (APY) was launched by the Government of India in 2015, under the aegis of the Ministry of Finance. The scheme is open to all Indian citizens between the ages of 18 and 40 years, and aims to provide a defined pension, after the age of 60 years, to all subscribers. The scheme is expected to benefit around 77 million people in the unorganized sector, who do not have any access to social security benefits. The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA), and the subscribers' deposits are managed by the National Pension System Trust (NPS Trust). Under the scheme, subscribers are required to contribute a minimum of Rs. 1000 per annum (or Rs. 83 per month), which can be increased in multiples of Rs. 1000. The government contributes 50% of the subscriber's contribution, up to a maximum of Rs. 2000 per annum, for those who enroll before 31st December, 2019. The scheme provides for a guaranteed minimum pension of Rs. 1000 per month, after the age of 60 years, to all subscribers. The pension amount is increased, in accordance with the subscriber's contribution, and can go up to Rs. 5000 per month. In case of the death of the subscriber, the spouse is entitled to receive the pension benefits. The scheme also provides for an 'exit option', under which subscribers can exit from the scheme, after 10 years of continuous contribution, with a lump sum payment equivalent to their accumulated contributions. Subscribers who have not opted for the exit option, and who continue to contribute till the age of 60 years, are entitled to receive the guaranteed minimum pension of Rs. 1000 per month.