Main purpose: This scheme promises to pay all poor farmers (small and marginal farmers having lands up to 2 hectares) Rs 6,000 each every year in 3 installments through Direct Bank Transfer. It would reportedly benefit around 14.5 crore farmers all over India.

Pradhan Mantri Kisan Pension Yojana:

Main purpose: To address the problems of farm sector distress, the Modi 2.0 Cabinet has approved a proposal to provide small and marginal farmers with a minimum Rs 3,000 per month fixed pension, costing Rs 10,774.5 crore per annum to the exchequer.

The eligible farmers in the 18-40 years age group can participate in this voluntary and contributory pension scheme.

Once the beneficiary of the pension dies, the spouse will be entitled to receive 50% of the original beneficiary's pension amount.

Mega Pension Scheme

Main purpose: A Mega Pension Scheme has been approved for the traders, shopkeepers, and self employed persons (whose GST turnover is less than Rs 1.5 crore).

The scheme guarantees a minimum assured pension of Rs 3,000 per month for around 3 crore small traders, self employed persons, and shopkeepers, once they attain 60 years of age.

New Jal Shakti Ministry

Main purpose: It aims at providing piped water connection to every Indian household by the year 2024. Reports say that the ministry will now be able to formulate plans to address the issue of water management.

Jan Dhan Yojana

Main purpose: Pradhan Mantri Jan Dhan Yojana is a National Mission on Financial Inclusion which has an integrated approach to bring about comprehensive financial inclusion and provide banking services to all households in the country. The scheme ensures access to a range of financial services like availability of basic savings bank account, access to need based credit, remittances facility, insurance and pension.