In this article, we will discuss about the Pradhan Mantri Garib Kalyan Yojana 2024, a transformational scheme launched by the Government of India to eliminate black money and uplift the economic status of the poor. Launched in 2016 by Prime Minister Narendra Modi, this program plays an important role in the financial landscape of the country, and we will explore its key aspects, benefits, eligibility criteria and application process.
Pradhan Mantri Garib Kalyan Yojana 2024
The essence of the scheme lies in its mission to convert black money into white money by allowing individuals to deposit their undisclosed income in bank accounts. Launched in 2016, it demonetized Rs 500 and Rs 1000 notes, leading to a significant shift in the financial paradigm. The scheme facilitates direct transfer of funds to the bank accounts of individuals holding black money subject to 35% tax. Additionally, those found with unaccounted money after March 31 will have to risk legal consequences including asset confiscation and a hefty 75% tax.
Overview Details of Pradhan Mantri Garib Kalyan Yojana 2024
|Name of the Scheme
|Pradhan Mantri Garib kalyan Yojana
|Prime Minister Narendra Modi
|Provided subsidy on ration to poor people will go
Objectives of PM Garib Kalyan Yojana
The primary objective of this scheme is two-fold:
- Employment Generation: The objective of the program is to provide employment opportunities to the poor citizens of India. The government is planning to revive the old schemes and leverage them effectively to benefit the citizens.
- Poverty Alleviation: The main focus is on eliminating poverty in India, raising the standard of living of the poor. Workshops and discussions will be organized to explore ways to eradicate poverty.
Features of PM Garib Kalyan Yojana UPSC
- Workshops for Poverty Alleviation: The scheme includes workshops designed to address and reduce poverty issues, fostering an environment for sustainable solutions.
- Improvement in living standards: By providing essential resources such as food grains, the program aims to raise the living standards of poor citizens.
Required Document List
- bpl ration card
- Aadhar card
- residential proof
Before applying for the scheme, individuals must fulfill the following eligibility criteria:
- residence in india
- Persons living in rural areas should contact their village head to avail the benefits.
Benefits of PM Garib Kalyan Yojana
- Ration card subsidy for 80 crore beneficiaries.
- Wheat at Rs 2 per kg and rice for three months.
- Provision of 7 kg ration for 3 months to 80 crore beneficiaries.
- Distribution of 2.65 lakh metric tonnes of ration worth Rs 5.29 crore.
Pradhan Mantri Garib Kalyan Yojana Apply Online
Follow these steps to participate in the scheme:
- Visit a Government Bank: Interested persons should visit the Reserve Bank of India or a Government Bank.
- Fill the Application Form: Obtain and fill the application form provided by the Bank, ensuring accurate details.
- Submission: Starting the process, submit the completed form to the bank.
- New currency notes: After the deposit, the bank will provide new currency notes, and the tax amount will be deducted from the individual’s bank account.
- Download PDF: Get Pradhan Mantri Garib Kalyan Yojana PDF for future reference.