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Type: Schemes

  • Corporate Social Responsibility: Issues & Development

    [pib] CIL ASHIS Scheme

    Schemes | Economics | Mains Paper 3: Inclusive Growth & Issues

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: CIL ASHIS Scheme; CSR Initiatives

    Why in the News?

    Coal India Limited (CIL) has launched a CSR initiative named CIL ASHIS to provide scholarships to children who lost their parents to COVID-19 and were unable to continue their studies.

    What is CIL ASHIS Scheme?

    • The CIL ASHIS Scheme, launched by Coal India Limited (CIL), stands for Ayushman Shiksha Sahayata.
    • The scheme aims to provide financial support for the education of children who lost their parents to COVID-19, ensuring they can continue their studies and achieve their dreams.

    Features of the CIL ASHIS Scheme

    • Each eligible child receives a scholarship worth ₹45,000 per year.
    • The scholarship is provided for a period of 4 years.
    • The scheme targets 1,645 children who have been identified as needing assistance.
    • Compassionate Appointment for:
      • Dependents of CIL employees who lost their lives while in service.
      • Beneficiaries need to apply for compassionate appointments through CIL’s established procedures.

    PYQ:

    [2024] With reference to Corporate Social Responsibility (CSR) rules in India, consider the following statements:

    1. CSR rules specify that expenditures that benefit the company directly or its employees will not be considered as CSR activities.
    2. CSR rules do not specify minimum spending on CSR activities.

    Which of the statements given above is/are correct?

    (a) 1 only

    (b) 2 only

    (c) Both 1 and 2

    (d) Neither 1 nor 2

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  • Mother and Child Health – Immunization Program, BPBB, PMJSY, PMMSY, etc.

    [pib] Update on Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA)

    PIBSchemes | Indian Society | Mains Paper 2: Health & Education

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Features of the Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA)

    Why in the News?

    • An Extended Pradhan Mantri Surakshit Matritva Abhiyan (E-PMSMA) strategy was launched to ensure quality Antenatal Care (ANC) for pregnant women.
      • The strategy focuses on individual tracking of high-risk pregnancies (HRP) and provision of additional PMSMA sessions beyond the 9th of every month.

    About High-Risk Pregnancy: 

    • A high-risk pregnancy involves greater risk of health complications for the mother, the foetus, or both, due to pre-existing medical conditions, conditions that develop during pregnancy, or foetal issues.
    • Common Factors:
      • Maternal Health Conditions: Pre-existing diabetes, hypertension, HIV, kidney disease, or conditions arising during pregnancy like gestational diabetes and preeclampsia.
      • Obstetric Factors: Previous caesarean section, history of preterm labor, multiple pregnancies, and congenital malformations.

    About Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA)

    Details
    About An initiative to provide quality antenatal care (ANC) to all pregnant women.
    Launch  October 2016
    Target Group All pregnant women, especially those in their second and third trimesters.
    Frequency Services provided on the 9th of every month at government health facilities.
    Objective Ensure safe motherhood by providing comprehensive and quality antenatal care universally.
    Key Functions
    • General Check-Up: Physical and clinical examinations by medical professionals.
    • Laboratory Investigations: Routine blood tests, urine tests, and other necessary laboratory investigations.
    • Ultrasound: Ultrasound examination to monitor foetal growth and development.
    • Counseling: Nutritional and lifestyle counseling to ensure a healthy pregnancy.
    • High-Risk Identification: Screening and identification of high-risk pregnancies and appropriate referrals for specialized care.
    Key Features
    • Free of Cost: All services under PMSMA are provided free of cost.
    • Fixed Day ANC Services: Antenatal care services are provided on a fixed day every month.
    • Lab Investigations: Basic investigations like Hb, urine albumin, RBS, malaria test, VDRL test, blood grouping, CBC, ESR, and USG.
    • Public-Private Partnership: Encourages participation of private sector healthcare providers in providing ANC services.
    • Incentives: Incentives for healthcare providers who participate in the program.
    Categorization of Pregnant Women 
    • Green Sticker – for women with no risk factor detected
    • Red Sticker – for women with high risk pregnancy
    • Blue Sticker – for women with Pregnancy Induced Hypertension
    • Yellow Sticker – pregnancy with co-morbid conditions such as diabetes, hypothyroidism, STIs
    Benefits
    • Improved Maternal Health: Regular and comprehensive ANC helps in early detection and management of complications, improving maternal health outcomes.
    • Reduced Mortality Rates: Timely and quality care reduces maternal and infant mortality rates.
    • Health Education: Provides health education and counseling to pregnant women, promoting better health practices.
    • High-Risk Management: Identifies and manages high-risk pregnancies effectively, ensuring specialized care for those who need it.

    PYQ:

    [2024]  With reference to the ‘Pradhan Mantri Surakshit Matritva Abhiyan’, consider the following statements:

    1. This scheme guarantees a minimum package of antenatal care services to women in their second and third trimesters of pregnancy and six months post-delivery health care service in any government health facility.

    2. Under this scheme, private sector health care providers of certain specialities can volunteer to provide services at nearby government health facilities.

    Which of the statements given above is/are correct?

    (a) 1 only

    (b) 2 only

    (c) Both 1 and 2

    (d) Neither 1 nor 2

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  • Gold Monetisation Scheme

    What is the Sovereign Gold Bond Scheme?

    Schemes | Economics | Mains Paper 3: Indian Economy

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: SGB Scheme

    Why in the News?

    Recent reports suggest that the government might reduce or discontinue the Sovereign Gold Bond (SGB) scheme due to its high cost.

    Decline in Popularity of SGB:

    • This speculation follows the Union budget’s decision to slash customs duties on gold and silver from 15% to 6%.
    • The reduction in customs duties is expected to decrease demand for SGBs, which has already led to a 2-5% drop in their prices on the National Stock Exchange (NSE).

    About Sovereign Gold Bonds (SGBs)

    Details
    Launch 2015
    Nature
    • Government securities denominated in grams of gold.
    • Issued by RBI.
    Objective Reduce dependence on gold imports and shift savings from physical gold to paper form.
    Eligibility Resident in India, including individuals, HUFs, trusts, universities, and charitable institutions.
    Denomination and Tenor
    • Denominated in multiples of grams of gold, with a basic unit of 1 gram.
    • Tenor of 8 years with an exit option from the 5th year on interest payment dates.
    Investment Limits
    • Minimum: 1 gram of gold.
    • Maximum: 4 kg for individuals and HUFs,
      • 20 kg for trusts and similar entities per fiscal year.
    Benefits
    • Quantity of gold protected, receiving market price at redemption.
    • Eliminates storage risks and costs.
    • Assured market value at maturity and periodic interest.
    • Free from making charges and purity issues.
    • Held in RBI books or demat form, eliminating scrip loss risk.
    Add-ons
    • Can be used as collateral for loans.
    • Loan-to-value (LTV) ratio set equal to ordinary gold loans.

     

    PYQ: 

    [2016] What is/are the purpose/purposes of Government’s ‘Sovereign Gold Bond Scheme’ and ‘Gold Monetization Scheme’?

    1. To bring the idle gold lying with Indian households into the economy
    2. To promote FDI in the gold and jewellery sector
    3. To reduce India’s dependence on gold imports

    Select the correct answer using the codes given below:

    (a) 1 only

    (b) 2 and 3 only

    (c) 1 and 3 only

    (d) 1, 2 and 3

     

    https://indianexpress.com/article/business/commodities/gold-customs-duty-may-take-some-shine-off-sovereign-gold-bonds-9485686/

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  • RBI Notifications

    RBI Circular on Liberalised Remittance Scheme (LRS)

    Schemes | Economics | Mains Paper 3: Effects Of Liberalization On The Economy, Changes In Industrial Policy and their effects on Industrial Growth

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Liberalised Remittance Scheme (LRS), IFSC.

    Why in the News?

    The Reserve Bank of India (RBI) has broadened the regulations governing remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS). The RBI’s circular authorizes “authorised persons” to facilitate remittances for all permissible purposes under LRS to IFSCs.

    About Liberalised Remittance Scheme (LRS)

    • LRS is governed by the Foreign Exchange Management Act (FEMA) 1999, regulated by the Reserve Bank of India (RBI).
    • The scheme was introduced by the RBI in 2004 to facilitate outward remittances from India.
    • LRS allows resident individuals, including minors, to remit a specified amount of money abroad each financial year (April – March).
    • Currently, individuals are allowed to remit up to USD 250,000 per financial year under LRS.
    • Funds remitted under LRS can be used for permissible current or capital account transactions, or a combination of both.
    • Permissible Uses:
      • Expenses related to travel (private or for business).
      • Medical treatment abroad.
      • Payment of fees for education abroad.
      • Gifts and donations.
      • Maintenance of close relatives.
      • Investment in shares, debt instruments, and immovable properties overseas.
    • Accounts: Individuals can open and maintain foreign currency accounts with banks outside India for transactions permitted under LRS.
    • Exclusions: LRS is NOT available to corporations, partnership firms, Hindu Undivided Families (HUFs), trusts, etc.

    Prohibited Transactions:

    • Remittances for activities prohibited under Schedule-I of FEMA, such as purchase of lottery tickets, sweepstakes, proscribed magazines, etc.
    • Trading in foreign exchange abroad.
    • Remittances to countries identified as non-cooperative by the FATF.
    • Remittances to individuals/entities identified as posing a terrorism risk by the RBI.

    Significance of the move

    • The RBI’s decision reinforces GIFT IFSC’s position as a prominent international financial services hub.
    • By broadening the scope of LRS, GIFT IFSC aims to attract more diverse investments and transactions, contributing to the growth of India’s financial sector.

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  • Defence Sector – DPP, Missions, Schemes, Security Forces, etc.

    [pib] GRSE Accelerated Innovation Nurturing Scheme (GAINS 2024)

    Schemes | Security Issues | Mains Paper 3: Various Security Forces, Agencies & Their Mandates

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: GAINS Scheme

    Why in the News?

    The Defence Ministry has launched the “GRSE Accelerated Innovation Nurturing Scheme (GAINS 2024)” of Garden Reach Shipbuilders & Engineers Limited (GRSE) in Kolkata.

    About GAINS 2024

    • GAINS aims to address challenges in shipyards and promote technology development through startups nurtured in the country.
    • It aligns with the ‘Make in India’ and ‘Start-up India’ policies of the Government of India.
      • Objective: To seek solutions for shipyard-related problems and promote technological advancements.
      • Target Audience: MSMEs and Start-Ups encouraged to develop innovative solutions.

    Significance of the Scheme

    • GAINS aims to strengthen maritime security and air defence through technological advancements.
    • It leverages MSMEs and Start-Ups to achieve self-reliance in ship design and construction.

    Various defence production indigenisation initiatives in India:

    • ADITI Scheme (2024): The scheme targets the development of approximately 30 deep-tech critical and strategic technologies within the proposed timeframe.
    • Defence Acquisition Procedure (DAP) 2020: Requires 50% indigenous content in procurement contracts.
    • Positive Indigenisation Lists: Mandates domestic procurement for nearly 5,000 items.
    • Srijan Indigenisation Portal (2020): Lists over 34,000 items for indigenisation.
    • Domestic Procurement Budget: Increased from 40% (₹52,000 crore) in 2020-21 to 75% (₹99,223 crore) in 2023-24.

    Innovations and R&D support:

    • iDEX Initiative (2018): Involves MSMEs, start-ups, and academia in defence innovation.
    • iDEX Prime (2022): Provides grants up to ₹10 crore for high-end solutions.
    • Technology Development Fund (TDF): Funding increased from ₹10 crore to ₹50 crore per project.

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  • Foreign Policy Watch- India-Central Asia

    [pib] Cabinet approves Central Sector Scheme “National Forensic Infrastructure Enhancement Scheme” (NFlES)

    Prelims OnlySchemes | Science Tech | Mains Paper 3: Awareness in various sc and tech fields

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: NFlES Scheme

    Why in the News?

    The Union Cabinet, chaired by PM Narendra Modi, approved the National Forensic Infrastructure Enhancement Scheme (NFIES).

    Do you know?

    • Central sector schemes: They are 100% funded by the Union government and implemented by the Central Government machinery. It covers subjects from Union List (central subjects).
    • Centrally Sponsored Scheme (CSS): It has a certain percentage of the funding borne by the States and the implementation is by the State Governments.It covers subjects from Concurrent List (shared subjects).
      • States have some flexibility to modify schemes to suit local needs within central guidelines.

    About National Forensic Infrastructure Enhancement Scheme (NFlES)

    • The Central Sector Scheme NFIES aims to strengthen national forensic infrastructure, expand NFSU’s reach, and establish CFSLs to meet growing forensic demands.
    • It aligns with India’s goals of enhancing forensic capabilities and securing robust criminal justice outcomes.

    Key Components of NFlES:

    • Campuses of NFSU: Establishing campuses of the National Forensic Sciences University (NFSU) across India.
    • Central Forensic Science Laboratories (CFSLs): Setting up new CFSLs nationwide.
      • Delhi Campus Enhancement: Upgrading infrastructure at the Delhi Campus of NFSU.
      • Financial outlay: Rs. 2254.43 crore for 2024-25 to 2028-29, funded by the Ministry of Home Affairs.
    • Objectives:  
      • Enhancing the criminal justice system with timely and scientific forensic examinations.
      • Addressing the increased workload due to new criminal laws requiring forensic investigation for serious offences.
      • Mitigating the shortage of trained forensic professionals in Forensic Science Laboratories (FSLs).

    Impact and Benefits

    • Improved Efficiency: Ensuring high-quality forensic examinations for efficient criminal justice processes.
    • Technology Integration: Leveraging advancements to handle evolving crime methods effectively.
    • Capacity Building: Training more forensic professionals to reduce case backlogs and support a high conviction rate exceeding 90%.

    PYQ:

    [2017] ‘Recognition of Prior Learning Scheme’ is sometimes mentioned in the news with reference to:

    (a) Certifying the skills acquired by construction workers through traditional channels.

    (b) Enrolling the persons in Universities for distance learning programmes.

    (c) Reserving some skilled jobs to rural and urban poor in some public sector undertakings.

    (d) Certifying the skills acquired by trainees under the National Skill Development Programme.

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  • Direct Benefits Transfers

    PM-Kisan Samman Nidhi Yojana

    Schemes | Agriculture | Mains Paper 3: Agriculture and related issues

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: PM-KISAN, Rythu Bandhu Scheme

    Why in the News?

    The Prime Minister will release the 17th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), amounting to over ₹20,000 crore, for 92.6 million beneficiary farmers across the country.

    About the PM-KISAN Scheme

    • The PM-KISAN is a Central Sector Scheme with 100% funding from the Government of India.
    • It is being implemented by the Ministry of Agriculture and Farmer’s Welfare.
    • Launched: In February 2019.
    • Aim: To help procure various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income at the end of each crop cycle.
    • Objective: To provide eligible farmers with an annual financial assistance of ₹6,000.
      • This assistance is distributed in three equal instalments of ₹2,000 each every 4 months, via Direct Benefit Transfer (DBT) into beneficiaries’ bank accounts.
    • Beneficiaries:
      • Farmer families that hold cultivable land can apply for the benefits of this plan.
      • Small and Marginal Farmers (SMFs) (a farmer who owns cultivable land up to 2 hectare as per land records of the concerned State/UT.).
      • The entire responsibility of identification of beneficiary farmer families rests with the State / UT Governments.

    Do you know?

    The PM-KISAN scheme was first conceived and implemented by the government of Telangana as the Rythu Bandhu scheme.

    Rythu Bandhu Scheme

    • It is also known as the Farmer’s Investment Support Scheme (FISS).
    • It is a welfare programme for farmers started in 2018 by the Telangana government.
    • Under the scheme, the state government provided the 58 lakh farmers in Telangana with ₹5,000 per acre of their land as a farm investment for two crops.
    • There is no ceiling on the number of acres held by a farmer.
    • So, a farmer who owns two acres of land would receive Rs 20,000 a year, whereas a farmer who owns 10 acres would receive Rs 1 lakh a year from the government.
    • This investment is made twice a year, once for the kharif harvest and once for the Rabi harvest.
    • It is the country’s first direct farmer investment support scheme where cash is paid directly to the beneficiary.

    Impact of the Scheme

    • Beneficiaries outreach: Over 11 crore farmers (with more than 3 crore women farmers) across the country have availed of the PM-Kisan scheme, indicating its widespread reach and impact.
    • Financial Support: This financial aid helps farmers meet their agricultural expenses, purchase seeds, fertilizers, and other inputs, and support their families’ livelihoods.
    • Improved Agricultural Practices: This contributes to food security and boosts the agricultural sector’s growth.
    • Poverty Alleviation: The scheme plays a crucial role in alleviating poverty among small and marginal farmers by providing them with a steady source of income just like Universal Basic Income (UBI).
    • Enhanced Livelihoods: PM-Kisan supports farmers’ livelihoods, by providing a safety net during times of agricultural distress or economic uncertainties, ensuring a better quality of life for rural communities.

    PYQ:

    [2020] Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes?

    1. Working capital for maintenance of farm assets.
    2. Purchase of combine harvesters, tractors and mini trucks.
    3. Consumption requirements of farm households.
    4. Post-harvest expenses.
    5. Construction of family house and setting up of village cold storage facility.

    Select the correct answer using the code given below:

    (a) 1, 2 and 5 only

    (b) 1, 3 and 4 only

    (c) 2, 3, 4 and 5 only

    (d) 1, 2, 4 and 5

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  • Direct Benefits Transfers

    PM-KISAN Scheme: Boosting Farmer Welfare

    Schemes | Agriculture | Mains Paper 3: Agriculture and related issues

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: PM-KISAN Scheme

    Why in the News?

    Prime Minister has approved the 17th instalment of the PM Kisan scheme. This move will benefit 9.3 crore farmers, amounting to a distribution of approximately Rs 20,000 crore.

    About the PM-KISAN Scheme

    • The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a Central Sector Scheme with 100% funding from the Government of India.
    • It is being implemented by the Ministry of Agriculture and Farmer’s Welfare.
    • Launched: In February 2019.
    • Aim: To help procure various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income at the end of each crop cycle.
    • Objective: To provide eligible farmers with an annual financial assistance of ₹6,000.
      • This assistance is distributed in three equal instalments of ₹2,000 each every 4 months, via Direct Benefit Transfer (DBT) into the bank accounts of beneficiaries.
    • Beneficiaries:
      • Farmer families that hold cultivable land can apply for the benefits of this plan.
      • Small and Marginal Farmers (SMFs) (a farmer who owns cultivable land up to 2 hectares as per land records of the concerned State/UT.).
      • The entire responsibility of identification of beneficiary farmer families rests with the State / UT Governments.

    Significance for Farmers

    • Beneficiaries outreach: Over 11 crore farmers (with more than 3 crore women farmers) across the country have availed of the PM-Kisan scheme, indicating its widespread reach and impact.
    • Financial Support: This financial aid helps farmers meet their agricultural expenses, purchase seeds, fertilizers, and other inputs, and support their families’ livelihoods.
    • Improved Agricultural Practices: This contributes to food security and boosts the agricultural sector’s growth.
    • Poverty Alleviation: The scheme plays a crucial role in alleviating poverty among small and marginal farmers by providing them with a steady source of income just like Universal Basic Income (UBI).
    • Enhanced Livelihoods: PM-Kisan supports farmers’ livelihoods, by providing a safety net during times of agricultural distress or economic uncertainties, ensuring a better quality of life for rural communities.

    PYQ:

    [2020] Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes?

    1. Working capital for maintenance of farm assets.
    2. Purchase of combine harvesters, tractors and mini trucks.
    3. Consumption requirements of farm households.
    4. Post-harvest expenses.
    5. Construction of family house and setting up of village cold storage facility.

    Select the correct answer using the code given below:

    (a) 1, 2 and 5 only

    (b) 1, 3 and 4 only

    (c) 2, 3, 4 and 5 only

    (d) 1, 2, 4 and 5

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  • Housing for all – PMAY, etc.

    A door to a housing scheme, tribals find hard to open

    ExplainedSchemes | Governance | Mains Paper 2: Government Scheme/Policies

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: PM-JANMAN Scheme

    Mains level: Government initiatives and Programs; Technical Challenges in the implementation; PM JANMAN Housing Scheme;

    Why in the News?

    The PM JANMAN presents a new opportunity to transform the lives of India’s Particularly Vulnerable Tribal Groups.

    About PVTGs:

    India has numerous Adivasi groups, with 75 identified as Particularly Vulnerable Tribal Groups (PVTGs). These comprise around 14.6 lakh households and live in scattered, remote, and often inaccessible areas. Their livelihoods rely on methods and tools that predate agriculture. PVTGs have low literacy rates, economic backwardness, and stagnant populations.

    In 1960-61, the Dhebar Commission identified disparities among Scheduled Tribes, leading to the creation of the “Primitive Tribal Groups” (PTG) category.
    In 2006, this category was renamed Particularly Vulnerable Tribal Groups (PVTGs).

    Government Initiatives:

    • Pradhan Mantri PVTG Development Mission. Announced for the fiscal year 2023-24 to improve socio-economic conditions of PVTGs.
    • Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN) launched in November 2023.
    •  Pradhan Mantri Adi Adarsh Gram Yojana, Integrated Tribal Development Project (ITDP) and Tribal Sub-Plan (TSP).

    PM JANMAN Objectives:

    • Provide essential services to PVTGs, including safe housing, clean drinking water, and sanitation.
    • The largest Direct Benefit Transfer (DBT) scheme in the initiative.
    • Aims to reach 4.90 lakh PVTG households by 2026.
    • Households to receive ₹2.39 lakh each in three instalments.

    Technical Challenges in the PM JANMAN Housing Scheme

    App Functionality and Data Gathering:

    • Data Collection Areas: The ‘Awaas+’ app records geographical locations, household profiles with geo-tagging, and bank account details for cash transfers.
    • Mandatory Jobcard: Registration requires a jobcard, but many have been deleted, affecting PVTGs’ eligibility.

    Jobcard Issues:

    • Deletion of Jobcards: Widespread deletion of over eight crore MGNREGA jobcards in the past two years has led to many PVTGs being ineligible for the scheme.
    • Jobcard Misuse: Cases of fraudulent registrations with someone else’s job cards further complicate the registration process.

    Village List Discrepancies:

    • Inconsistent Data: The pre-populated list of villages in the app does not match the MGNREGA Management Information System (MIS). For example, the app lists 22 villages while the MIS lists 31 villages for ‘Vanjari’ Panchayat in Andhra Pradesh, causing confusion.

    Aadhaar-related Issues:

    • Name Matching: The app requires names as per Aadhaar records but does not guide what to do if Aadhaar is absent.
    • PVTG Identification: The app does not explicitly identify PVTGs, using a default ‘ST’ option, leading to non-PVTG registrations.

    Certification Issues:

    • Local Certification: Ineligible registrations prompt local officials to ask PVTGs for certification from sarpanches/mukhiyas.
    • Conflict of Interest: Non-PVTG sarpanches/mukhiyas in mixed communities may act against the interests of PVTGs, complicating the certification process.

    Geo-tagging Problems:

    • Network Issues: Geo-tagging required for planned construction locations faces chaos due to poor network connectivity, hindering accurate data capture.

    Bank Selection Complexity:

    • Overwhelming Options: The app’s dropdown lists for banks are excessively long. For example, selecting ‘Commercial Bank’ shows over 300 options, and choosing ‘State Bank of India’ in Andhra Pradesh presents over 500 branches, adding unnecessary complexity for both PVTGs and officials.

    Opportunity/Way Forward for PM JANMAN Housing Scheme

    • Simplify App Interface: Update the ‘Awaas+’ app to have a more user-friendly interface and reduce unnecessary complexities, such as the long dropdown lists for banks.
    • Clear Guidelines for Aadhaar: Provide explicit instructions on what names to use in the absence of Aadhaar, ensuring all eligible PVTGs can register.
    • Verify Jobcard Authenticity: Introduce robust mechanisms to prevent fraudulent registrations using others’ jobcards.
    • Improve Network Infrastructure: Invest in better network infrastructure in remote areas to support the geo-tagging feature.

    Mains PYQ:

    Q Given the diversities among tribal communities in India, in which specific contexts should they be considered as a single category? (UPSC IAS/2022)

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  • RBI Notifications

    RBI to launch Mobile App for Retail Direct scheme

    Prelims OnlySchemes | Economics | Mains Paper 3: Indian Economy

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Retail Direct Scheme

    Mains level: NA

    Why in the news?

    The RBI has decided to introduce a Mobile App of its RBI Retail Direct scheme aimed at facilitating seamless investment in government securities by retail investors.

    What is Retail Direct Scheme?

    • Retail Direct Scheme was rolled out in November 2021, giving access to individual investors to maintain gilt accounts with RBI and invest in government securities.
    • Using this app, investors can buy central and state government bonds as well as Treasury bills.
    • It enables investors to buy securities in primary auctions as well as buy/sell securities through the Negotiated Dealing System-Order Matching system (NDS-OM) platform.
    • A Gilt Account can be compared with a bank account, except that the account is debited or credited with treasury bills or government securities instead of money.

    Treasury Bills:

    • They are promissory notes issued by the RBI on behalf of the government as a short term liability and sold to banks and to the public.
    • The maturity period ranges from 14 to 364 days.
    • They are the negotiable instruments, i.e. they are freely transferable.
    • No interest is paid on such bills but they are issued at a discount on their face value.

     How does it work?

    • Under the scheme, small investors can buy or sell government securities (G-Secs), or bonds, directly without an intermediary like a mutual fund.
    • However, the same tax rules apply to income from G-Secs.
    • The minimum amount for a bid is ₹10,000 and in multiples of ₹10,000 thereafter.
    • Payments may be made through Net banking or the UPI

    Benefits of RDS

    • With the government being the borrower, there is a sovereign guarantee for the funds and hence zero risk of default.
    • Also, government securities may offer better interest rates than bank fixed deposits, depending on prevailing interest rate trends.

    How can individuals access G-Sec offerings?

    • Investors wishing to open a Retail Direct Gilt account directly with the RBI can do so through an online portal set up for the purpose of the scheme.
    • Once the account is activated with the aid of a password sent to the user’s mobile phone, investors will be permitted to buy securities either in the primary market or in the secondary market.

    PYQ:

    [2018] Consider the following statements:

    1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities.

    2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments.

    3. Treasury bills offer are issued at a discount from the par value.

    Which of the statements given above is/are correct?

    (a) 1 and 2 only

    (b) 3 only

    (c) 2 and 3 only

    (d) 1, 2 and 3

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