Current Affairs  >  July 2017 - Government Schemes

July 2017 - Government Schemes Notes - Current Affairs

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Central Government Schemes

Arun Jaitley launches Pradhan Mantri Vaya Vandana Yojana pension scheme with 8 pct fixed rate

On July 21, 2017, Finance Minister Arun Jaitley formally launched Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme exclusively for senior citizens (60 years and above) with 8% fixed rate of interest on their savings.

More Details aboutPradhan Mantri Vaya Vandana Yojana (PMVVY):

Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this scheme started offering the scheme from May 4, 2017. The scheme will remain open till May 3, 2018.

  • It can be purchased offline as well as online through Life Insurance Corporation (LIC) of India.Pension is payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly, quarterly, half-yearly, yearly as chosen by the pensioner at the time of purchase.
  • PMVVY provides an assured return of 8% per annum payable monthly for 10 years.
  • Loan up to 75% of purchase price shall be allowed after 3 policy years to meet the liquidity needs.
  • The scheme also allows for premature exit for the treatment of any critical or terminal illness of self or spouse. On such premature exit, 98% of the purchase price will be refunded.
  • On death of the pensioner during the policy term of 10 years, the purchase price shall be paid to the beneficiary.

Ministry of Rural Development to launch Aajeevika Grameen Express Yojana 

The Ministry of Rural Development will launch a new sub-scheme under Deendayal Antyodaya YojanaNational Rural Livelihoods Mission (DAY-NRLM) which will be named as “Aajeevika Grameen Express Yojana (AGEY)”.

Aajeevika Grameen Express Yojana (AGEY) – Objectives & Mode of Implementation

As mentioned by Minister of State for Rural Development, Ram Kripal Yadav the main 

objectives of AGEY are to provide an alternative source of livelihoods to members of Self Help Groups (SHGs) under DAY-NRLM by facilitating them to operate public transport services in backward rural areas.

  • This will provide safe, affordable and community monitored rural transport services like e-rickshaws, 3 and 4 wheeler motorised transport vehicles to connect remote villages with key services and amenities including access to markets, education and health for the overall economic development of the area.
  • This sub-scheme will be implemented in 250 blocks in the country on a pilot basis for a period of 3 years from 2017-18 to 2019-20.
  • One of the options proposed to be given under the sub-scheme is that the Community Based Organisation (CBO) will provide interest free loan from its own corpus to Self Help Group member for purchase of the vehicle.

Government approves construction of 30,000 affordable houses on private land 

The Centre has approved the construction of 30,000 houses for the urban poor on private land in Maharashtra's Sholapur on 25th of July 2017.

i. It is the first such project to be taken up on private land under PMAY(U).

ii.Its main aim is to give momentum to affordable housing in urban areas.

iii.The State Level Sanctioning and Monitoring Committee (SLSMC), set up under PMAY(U), will oversee the implementation of the project.

iv. Central assistance of Rs 1.50 lakh for each beneficiary is provided under this component.

v. Under the Centre's flagship programme Pradhan Mantri Awas Yojana (Urban), the Housing and Urban Affairs Ministry gave a nod to central assistance of Rs 450 crore for the project.

vi. Under PMAY(U) the Raynagar Cooperative Housing Federation, Sholapur had submitted a proposal to build 30,000 houses for its members comprising beedi and textile workers and other urban poor belonging to the Economically Weaker Sections (EWS) at a cost of Rs 1,811 crore.

vii. The cost of each dwelling unit of Rs 6,03,777 has been determined in a transparent manner with central and state assistance. The delivery price would be Rs 3,53,777 per house.

viii. The CSMC, in its 24th meeting has approved the construction of 2,84,803 more affordable houses for urban poor under PMAY (U).

ix. Total cost of these houses to be built in six states is Rs 16,407 crore for which central assistance of Rs 4,272 crore has been approved.

x. Andhra Pradesh has been sanctioned 2,25,245 houses, Uttar Pradesh 23,322, Tamil Nadu 15,374, Manipur 10,392, Assam 9,767 and Meghalaya 703.

Cabinet approves revision of guidelines of Sovereign Gold Bonds Scheme

On July 26, 2017, the Union Cabinet chaired by the Prime Minister Narendra Modi gave approval for revision of guidelines of Sovereign Gold Bonds (SGB) Scheme with a view to achieve its intended objectives.

Cabinet has approved following changes in Sovereign Gold Bonds Scheme:

The investment limit per fiscal year has been increased to 4 kg for individuals, 4 Kg for Hindu Undivided Family (HUF) and 20 Kg for Trusts and similar entities notified by the Government from time to time.

  • The ceiling will be counted on financial year basis and will include the SGBs purchased during the trading in the secondary market.
  • SGBs will be available ‘on tap’ (instantly available). Based on the consultation with NSE, BSE, Banks and Department of Post, features of product to emulate ‘On Tap’ sale would be finalised by Ministry of Finance.
  • To improve liquidity and tradability of SGBs, appropriate market making initiatives will be devised. Market makers could be commercial banks or any other public sector entity, such as MMTC or any other entity as decided by Government of India.

State Government Schemes 

UP govt launches free power connection scheme for BPL families

Uttar Pradesh Power Minister Srikant Sharma has launched free power connection scheme for the BPL card holders in the state on 23rd of July 2017.

i. The scheme has been launched at 624 places across the state.

ii. The scheme will also benefit the poor people who do not have BPL cards at present.

iii. Those people who do not have BPL cards will have to pay between Rs 80 to Rs 120 for getting the power connection.

Delhi govt launches Free Surgery Scheme

Delhi’s Chief Minister Arvind Kejriwal on 8th July, 2017 announced a new health scheme to enable capital’s residents avail free surgery in private hospitals at government’s cost. This would be applicable in case government hospitals were unable to operate within one month.

i. According to the scheme, if the waiting period for 52 surgeries — heart bypass, cataract and kidney stones removal,etc—listed by the government is more than one month, patients would be eligible to get it done at 48 empanelled hospitals.

ii. The new scheme is open for all residents of Delhi, irrespective of their income slab. The patient can get the authorization letter from Delhi Arogya Kosh (Health Fund) after submitting residence proof along with OPD slip.

Maharashtra govt approves revised policy of 'Majhi Kanya Bhagyashree' scheme

The Maharashtra government has approved a revised policy of the 'Majhi Kanya Bhagyashree' scheme who have a yearly income of upto Rs 7.5 lakh will be benefited from this scheme.

i. According to the earlier provisions, the 'Majhi Kanya Bhagyashree' scheme is for those girls who come under Below Poverty Line (BPL) families and those whose annual income was upto Rs 1 

ii. According to the revised provisions, families having an income upto Rs 7.5 lakh will be eligible for the scheme.

iii. As per the revised provisions after having the first girl child, if the mother or the father undergoes a family planning operation, a sum of Rs 50,000 shall be deposited in a bank in the name of the girl child.

iv. If any of the parents undergo a family planning operation after having the second girl child, a sum of Rs 25,000 shall be deposited in the name of both children.

v. The scheme will be valid only if there are a maximum of two girl children born. In case a third child is born, the scheme shall become invalid for the first two as well.

vi. The girl will be able to withdraw the interest money twice - once she attains 6 years of age and when she turns 12.

vii. The girl will be able to withdraw the principle money plus the interest when she turns 18, provided she has completed her education upto Standard 10 and is unmarried.

Shala Siddhi Prohatsan Yojana started in 25,000 MP schools

Madhya Pradesh’s school education department is going to start programmes such as 'Hamari Shala Kaisi Ho' and 'Shala Siddhi Karyakram' in all government schools of the state.

i. It aims to provide qualitative education to the government school students.

ii. The State Education Centre has also started Shala Siddhi Prohatsan Yojana under the programme in 25 thousand schools of the state to encourage best works.

iii. A time table has also been fixed for the award process going by the time table, the district core committees would be required to form block-level selection committees by 22nd July.

Punjab launches flagship 'care companion programme' scheme

The Punjab health minister Brahm Mohindra has launched a flagship care companion health scheme on 28th of July 2017.

i. The main aim is to improve patient outcomes through better family engagement and 

ii. The state department of health and family welfare has signed an MoU with Noora Health India Trust, a healthcare non-profit organisation, for implementation of the 'Care Companion Programme' (CCP).

iii .The objective is to reduce the number of infant deaths and complications like infections in the first 30 days post- discharge and ensure adoption of long-term health pro-motive 

Punjab launches ‘Apni Gaddi Apni Rozgar’ scheme

The Punjab government has announced the launch of its flagship 'Apni Gaddi Apna Rozgar' scheme by flagging off over 100 uber MOTO bikes.

i. Under the scheme the state government will be providing commercial two wheelers and four wheelers to unemployed youth at subsidised rates.

ii. The scheme aims to generate job opportunities for youth and providing better mobile transport in Punjab.

iii. In its first phase the Uber bike taxis will run in Mohali, ludhiana, Zirakpur and Kharar regions of Punjab. 


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