Notes and Study material for Exams
Pradhan Mantri Vaya Vandana Yojana (PMVVY): A Pension Scheme for Senior Citizens Introduction: India’s rapidly aging population presents a unique set of challenges and opportunities. As the number of senior citizens grows, ensuring their financial security and well-being becomes paramount. Recognizing this need, the Indian government launched the Pradhan Mantri Vaya Vandana Yojana (PMVVY) in … Read more
Varishtha Pension Bima Yojana (VPBY): Securing Your Golden Years The twilight years of life are often envisioned as a time for relaxation, travel, and spending quality time with loved ones. However, the reality can be quite different, especially when financial uncertainties loom large. For many senior citizens, securing a steady stream of income to meet … Read more
National Pension Scheme (NPS): Building Your Retirement Fund The National Pension System (NPS) is a voluntary, defined contribution pension scheme launched in 2004 by the Government of India. It is a retirement savings plan that allows individuals to contribute regularly towards their retirement corpus. The NPS is designed to provide a regular income stream during … Read more
Atal Pension Yojana (APY): Building a Retirement Safety Net for the Informal Sector Introduction India’s informal sector, encompassing a vast majority of the workforce, faces a stark reality: the lack of a secure retirement plan. This segment, comprising street vendors, farmers, construction workers, and countless others, often works in precarious conditions with little or no … Read more
Aam Aadmi Bima Yojana (AABY): A Social Security Net for the Common Person Introduction India, with its vast population and diverse socioeconomic landscape, faces the challenge of providing adequate social security to its citizens. The Aam Aadmi Bima Yojana (AABY), launched in 2007, is a flagship social security scheme aimed at providing financial protection to … Read more
PM Kisan Maan Dhan Yojana (PM-KMY): A Pension Safety Net for India’s Farmers Introduction India’s agricultural sector, the backbone of the nation’s economy, sustains a vast population of farmers who contribute significantly to food security. However, the majority of these farmers face economic vulnerabilities, particularly during their post-retirement years. Recognizing this pressing need, the Indian … Read more
Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM): A Pension Scheme for Unorganized Workers Introduction India’s unorganized sector, encompassing a vast majority of the workforce, has long faced the challenge of financial insecurity in their later years. The lack of formal employment and social security nets leaves millions vulnerable to poverty and hardship during retirement. Recognizing this … Read more
Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY): Securing the Future of Farmers Introduction India’s agricultural sector, the backbone of the nation’s economy, sustains a vast population of farmers. However, the majority of these farmers face a precarious future, lacking adequate social security nets during their old age. Recognizing this pressing need, the Indian government launched … Read more