In 2008, the Ministry of Labour and Employment introduced the Rashtriya Swasthya Bima Yojana Scheme (RSBY) in an effort to ensure the best healthcare services and social security to the lower-income families. The purpose of RSBY is to decrease the burden of medical expense for below poverty line (BPL) families and increase their access to […]Continue Reading..
Sovereign Gold Bond (SGB) Scheme SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India. Persons resident […]Continue Reading..
Pradhan Mantri Suraksha Bima Yojana has been announced by the government of India as one of the three social security schemes. PMSBY is an accidental insurance scheme that provides accidental death and disability coverage for one year, with an annual renewal. With the minimum premium rate of Rs. 12/- per annum this policy is most […]Continue Reading..
MUDRA (Micro Units Development and Refinance Agency Limited) Bank was formed in April 2015 by the Government of India’s Union Budget. It aims to provide integrated financial support to the micro enterprises sector which includes small manufacturing units, food service units and small industries to name a few. The basic motive of establishing MUDRA is […]Continue Reading..
Atal Pension Yojana (APY) Atal Pension Yojana (APY) addresses the old age income security of the working poor and the longevity risks among the workers in unorganised sector. It encourages the workers in unorganised sector to voluntarily save for their retirement. The Government had launched the scheme with effect from 1st June, 2015. The […]Continue Reading..