The Centre is proposing a major revamp of the National Social Assistance Programme (NSAP) that could raise pension payouts for senior citizens, widows and those with disabilities. In the senior citizen category, pensions could go up to Rs 1,000 per month from Rs 500 now for those above 80 years of age and to Rs 500 per month […]Continue Reading..
If the suggestions of the pension fund regulator PFRDA are accepted by the government in next year’s Budget, NPS or National Pension Scheme could get more income tax benefits. The pension fund regulator has urged the government to increase the income tax deduction limit to ₹1 lakh for investment in Tier I NPS account under Section 80CCD (1B) […]Continue Reading..
From this month onwards, funds under the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan) will be transferred to only Aadhaar-authenticated bank accounts of eligible farmers, Agriculture Minister Narendra Singh Tomar said in Lok Sabha on Tuesday. Under PM-Kisan scheme, the government is providing Rs 6,000 per annum in three equal installments to 14 crore farmers. The amount is directly […]Continue Reading..
India’s largest bank, the State Bank of India (SBI), has asked pension account holders to submit their life certificate or Jeevan Praman Patra at its bank branches or online by the end of this month. “Complete your Life Certificate submission before 30th November, 2019 to ensure that your pension payments would continue. The certificate can […]Continue Reading..
With high returns, Senior Citizens Savings Scheme (SCSS) is the simplest investment options for those who are above the age of 60. Designed to benefit the senior citizens, the scheme was launched in 2004. Available through several public and private sector banks and India Post offices, Senior Citizens Savings Scheme offers an interest rate of 8.6% per […]Continue Reading..
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a non-inked and non-participating one-year life insurance scheme. It is a renewal term insurance policy that provides a yearly life insurance coverage of Rs 2 lakh in case of the demise of the insured person, at a premium rate of Rs 330 per annum. It may be […]Continue Reading..
The government on Wednesday extended Aadhaar seeding date till November 30 to avail Rs 6,000 benefit under the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme to help farmers buy farm inputs ahead of rabi sowing season. The decision in this regard was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA), headed […]Continue Reading..
In a bid to give a boost to small businesses i.e. SMEs and MSMEs in the nation, the Government of India has initiated the Udyog Aadhaar Registration process. Earlier, if you wished to start a business and get SSI Registration or MSME registration, you needed to go through a lot of paperwork. Now, you need […]Continue Reading..
The Modi Government has made some adaptation to the PM Kisan Samman Nidhi Yojana. Now, the farmers in any part of India can directly enroll with a single click at the official website of the PM Kisan Samman Nidhi Yojna. This move of the Narendra Modi government would enable farmers of even those states where […]Continue Reading..
Sukanya Samriddhi Account (SSA) or the Sukanya Yojana, the government-backed savings scheme, has been especially customised for designated long-term investment for a maximum of two girl children in a family. The Sukanya Samriddhi Account has to be opened by the parent or guardian of the girl child on behalf of her following which the girl […]Continue Reading..