Top 5 Government Yojana (Schemes): It’s Here Now

In view of rising unemployment and inflation, the Government of India has started the Top 5 government Yojana (schemes) under which students, youth and farmers will get benefits.

With the help of these schemes, the Government of India wants to empower today’s youth as well as promote employment and entrepreneurship.

Through these schemes, students will get a good education, youth will get employment, and farmers will get loans, which will make our country self-reliant. Read the Top 5 government Yojana given below carefully.

Top 5 Government Yojana List

1.Pradhan Mantri Kaushal Vikas Yojana

Under the Pradhan Mantri Kaushal Vikas Yojana, the aim is to provide industry-related skill training education to the youth so that employment increases and the youth become self-reliant. It was started in 2015.

Key point of Pradhan Mantri Kauhal Vikash Yojana

• The government has allocated ₹10,000 crores to support 10 million young people.
• This is the flagship scheme of the Ministry of Skill Development and Entrepreneurship.
• Providing training according to different industries
• Award of certificate on completion of training.
• Some training programs offer stipends to help you while you learn.

Benefit of Pradhan Mantri Kauhal Vikash Yojana

• Increasing job prospects
• Increase your chances of getting employment.
• Encouraging self-employment
• Building confidence and skills

2. Pradhan Mantri Kisan Samman Nidhi

The Pradhan Mantri Kisan Samman Nidhi Yojana is a government initiative that provides farmers with financial assistance. Under this scheme, farmers

receive ₹6,000 each year, divided into three instalments of ₹2,000 every four months.

17 instalments have been sent to farmers’ accounts, and more are coming. If you still need to register, you can apply to benefit from this program, which aims to financially support farmers.

In 2018, the Government of India launched the PM Kisan Samman Nidhi Yojana to address social and economic issues faced by farming communities, with both central and state governments actively working to uplift these communities through various initiatives.

Some Key Points Of Pradhan Mantri Kisan Samman Nidhi

The PM-KISAN scheme is projected to benefit 14.5 crore farmers and aims to include an additional 2 crore farmers, with an estimated cost of ₹87,217.50 crore funded by the central government.

The PM Kisan Samman Nidhi Yojana provides benefits to landholder farmer families who have cultivable land in their name. Notably, small and marginal farmers with land up to 2 hectares are eligible for financial assistance under this scheme.

Benefits of Pradhan Mantri Kisan Samman Nidhi

• The most significant benefit of this scheme is that it transfers money directly into farmers’ accounts.
• On December 25, 2020, direct deposit of ₹18,000 crore into the bank accounts of 9 crore farmers.

3. Startup India Programme

Startup India, launched on January 16, 2016, is a government initiative aimed at promoting innovation and creating a supportive ecosystem for startups in India to boost economic growth and generate employment.

Launched on April 5, 2016, the Startup India scheme offers loans ranging from Rs 10 lakh to Rs 1 crore to promote entrepreneurship among Scheduled Caste (SC) and Scheduled Tribe (ST) individuals as well as women to set up new ventures in trading, services or manufacturing.

The scheme aims to benefit at least 250,000 borrowers.

Features Of Startup India

• The government has set up Startup India Hubs to assist in incorporation, registration and grievance redressal.

• An online portal has been created for easy registration at any time and place.

• The process of patent acquisition and registration for startups has been expedited.

• Additionally, the Insolvency and Bankruptcy Bill 2015 allows startups to be shut down within 90 days of incorporation.

• The government has established a Rs 10,000 crore fund to invest in various startups, with an allocation of Rs 2,500 crore each year over the next four years.

Benefits of Startup India

1. Financial benefits: Startups, which often rely on patents for unique products, receive an 80% discount on patent costs under this scheme. The patent registration process is expedited, and the government bears the facilitation fee.

2. Income tax benefits: Startups are exempted from income tax for three years after incorporation, depending on obtaining a certificate from the inter-ministerial board. They can also claim an exemption from capital gains tax if they invest in specified funds.

3. Registration benefits: The Startup India scheme simplifies the incorporation and registration process through a dedicated application and a centralized support system on the Startup India Hub.

4. Government tenders: Startups are given priority for government tenders without requiring any prior experience, making it easier to secure lucrative projects.

5. Networking opportunities: The government organizes two annual startup festivals domestically and internationally, which provide valuable networking opportunities. Additionally, workshops on intellectual property awareness are also organized.

4. PM-KUSUM Yojana

The Pradhan Mantri Kisan Urja Suraksha and Utthan Maha Abhiyan (PM-KUSUM Yojana) is a Government of India initiative designed to enhance energy security for farmers and boost electricity generation from non-fossil fuel sources. The scheme supports farmers by providing solar-powered pumps to facilitate water lifting for irrigation.

Launched in March 2019, the Pradhan Mantri Kusum Yojana aims to boost farmers’ incomes and improve irrigation while reducing reliance on diesel in agriculture. Farmers can benefit from this scheme by installing solar irrigation pumps for their farming activities.

Benefits of PM-KUSUM Yojana

The scheme offers subsidies to farmers for installing solar irrigation pumps to enhance their income, improve irrigation, and reduce diesel dependence in agriculture.

It aims to ensure energy security for farmers in India and is open to individual farmers, groups, cooperatives, panchayats, FPOs, and WUAs.

Read : PM Suraj Portal Yojana 2024

5. Prime Minister Employment Generation Programme

The Pradhan Mantri Employment Generation Programme (PMEGP) is a credit-linked subsidy scheme launched in August 2008 aimed at creating employment through the establishment of micro-enterprises in the non-farm sector across rural and urban areas. It has been extended for five years (2021-22 to 2025-26) with an allocated budget of Rs 13,554.42 crore, projected to support approximately 400,000 projects and generate 3 million jobs (averaging 8 jobs per unit). PMEGP was formed by merging the Pradhan Mantri Rozgar Yojana and the Rural Employment Generation Programme, both of which ceased in March 2008. Additionally, the scheme aims to upgrade 1,000 units annually.

The grant scheme provides margin money of 15 to 35 percent for project costs, with the remainder financed by banks as term loans.

The maximum project cost is Rs 25 lakh for the manufacturing sector and Rs 10 lakh for the business/service sector. 

Eligibility requirements include being at least 18 years old, having completed at least the 8th grade, and not benefiting from any other government subsidy or being a bank defaulter.