Draft Guidelines for implementation of Pradhan Mantri Matru Vandana Yojana

In News

Draft guidelines for implementation of Pradhan Mantri Matru Vandana Yojana (PMMVY) have been prepared by the Ministry.

Draft Guidlines

The draft guidelines inter-alia provide Aadhaar linkage, Direct Benefit Transfer of Rs. 5000 in beneficiarys bank/post office account in three instalments at the stage of early registration of pregnancy, after six months of pregnancy on at least one antenatal check-up and registration of child birth & first cycle of immunisation of the child.

Pradhan Mantri Matru Vandana Yojana (PMMVY)

  • Pradhan Mantri Matru Vandana Yojana (PMMVY) Centrally Sponsored Scheme.
  • It is a conditional cash transfer scheme for pregnant and lactating women of 19 years of age or above for first two live births.
  • It provides a partial wage compensation to women for wage-loss during childbirth and childcare and to provide conditions for safe delivery and good nutrition and feeding practices.
  • Under which the cost sharing ratio between the Centre and the States & UTs with Legislature is 60:40, for North-Eastern States & three Himalayan States, it is 90:10 and 100% Central assistance for Union Territories without Legislature.

Source : Pib

GS II : Government policies and interventions for development in various sectors and issues arising out of their design and implementation.

 

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Ministry of Rural Development to launch Aajeevika Grameen Express Yojana

In News

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

Objective of the scheme

  • 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.
  • The 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.
  • The States have been informed about the number of blocks allocated to them to take up this sub-scheme in the pilot phases.
  • 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.

Deendayal Antyodaya Yojana National Rural Livelihoods Mission (DAY-NRLM)

To reduce poverty by enabling the poor households to access gainful self- employment and skilled wage employment opportunities resulting in appreciable improvement in their livelihoods on a sustainable basis, through building strong and sustainable grassroots institutions of the poor.

  • The Government is implementing DAY-NRLM across the country in all States and Union Territories (except Delhi and Chandigarh).
  • Under DAY-NRLM, till date, 34.4 lakh women SHGs have been promoted under the programme.
  • The financial support under the programme is mainly in the form of Revolving Fund and Community Investment Funds, given as grants to the Self Help Groups (SHGs) and their federations.
  • So far, the total amount released to SHGs is Rs. 1815 crore to about 3.96 lakh SHGs.
  • A sum of Rs. 1088 crore has also been disbursed to 7.28 lakh SHGs as revolving Fund.
  • DAY-NRLM also focuses on bank linkage of the institutions to enable their income.
  • The Cumulative Bank Credit mobilized for women SHGs and their federations since inception is to the tune of Rs 1.19 lakh crores.

Source : Business Standard

GS II : Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemes; mechanisms, laws, institutions and Bodies constituted for the protection and betterment of these vulnerable sections

New 8% Pension Scheme, PMVVY, Launched

Why in news ?

Finance Minister Arun Jaitley has formally launched the Pradhan Mantri Vaya Vandana Yojana (PMVVY), or a pension scheme, for senior citizens.

What is the aim of the scheme ?

Under this scheme, senior citizens (60 years and above) in which they will get a guaranteed interest of 8 per cent for 10 years. Pension scheme will offer more avenues to senior citizens to earn steady regular income at a time of falling interest rates. The scheme is exempted from GST or goods and services tax.

  • PMVVY can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this scheme.
  • The scheme will provide an assured return of 8 per cent per annum payable monthly (equivalent to 8.30 per cent per annum) for 10 years.
  • The 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.
  • There is a minimum and maximum limit for investment in Pradhan Mantri Vaya Vandana Yojana Scheme. The amount varies according to the pension payment mode chosen.
  • On survival of the pensioner to the end of the policy term of 10 years, purchase price along with final pension instalment shall be payable.
  • Loan up to 75 per cent of purchase price (amount invested to earn pension) shall be allowed after three policy years to meet the liquidity needs.
  • The scheme also allows for premature exit for the treatment of any critical/ terminal illness of self or spouse. On such premature exit, 98 per cent of the purchase price shall be refunded.
  • On death of the pensioner during the policy term of 10 years, the purchase price shall be paid to the beneficiary.

Source : Pib

GS II : Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemes; mechanisms, laws, institutions and Bodies constituted for the protection and betterment of these vulnerable sections

Pradhan Mantri Fasal Bima Yojana

PMFBY is a replacement scheme of  National Agricultural Insurance Scheme (NAIS / MNAIS), there will be exemption from Service Tax liability of all the services involved in the implementation of the scheme. It is estimated that the new scheme will ensure about 75-80 per cent of subsidy for the farmers in insurance premium.

Aim

  1. To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.
  2. To stabilise the income of farmers to ensure their continuance in farming.
  3. To encourage farmers to adopt innovative and modern agricultural practices.
  4. To ensure flow of credit to the agriculture sector.

Highlights of the scheme

  • Uniform premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops and in case of annual commercial and horticultural crops only 5%. Balance premium will be paid by the Government to provide full insured amount to the farmers against crop loss on account of natural calamities.
  • There is no upper limit on Government subsidy. Even if balance premium is 90%, it will be borne by the Government.pmfby
  • The provision of capping the premium rate which resulted in low claims being paid to farmers has now been removed and farmers will get claim against full sum insured without any reduction.
  • The use of technology will be encouraged through Smart phones will be used to capture and upload data of crop cutting to reduce the delays in claim payment to farmers. Remote sensing will be used to reduce the number of crop cutting experiments.

Farmers to be covered

All farmers growing notified crops in a notified area during the season who have insurable interest in the crop are eligible.

Compulsory coverage : The enrolment under the scheme, subject to possession of insurable interest on the cultivation of the notified crop in the notified area, shall be compulsory for following categories of farmers:

  • Farmers in the notified area who possess a Crop Loan account/KCC account (called as Loanee Farmers) to whom credit limit is sanctioned/renewed for the notified crop during the crop season. and
  • Such other farmers whom the Government may decide to include from time to time.

Voluntary coverage : Voluntary coverage may be obtained by all farmers not covered above, including Crop KCC/Crop Loan Account holders whose credit limit is not renewed.

Risks covered under the scheme

  • Yield Losses (standing crops, on notified area basis). Comprehensive risk insurance is provided to cover yield losses due to non-preventable risks, such as Natural Fire and Lightning, Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado. Risks due to Flood, Inundation and Landslide, Drought, Dry spells, Pests/ Diseases also will be covered.
  • In cases where majority of the insured farmers of a notified area, having intent to sow/plant and incurred expenditure for the purpose, are prevented from sowing/planting the insured crop due to adverse weather conditions, shall be eligible for indemnity claims upto a maximum of 25 per cent of the sum-insured.
  • In post-harvest losses, coverage will be available up to a maximum period of 14 days from harvesting for those crops which are kept in “cut & spread” condition to dry in the field.
  • For certain localized problems, Loss / damage resulting from occurrence of identified localized risks like hailstorm, landslide, and Inundation affecting isolated farms in the notified area would also be covered.

Source : agri-insurance.gov.in