About PM Narendra Modi schemes for competitive exams

About PM Narendra Modi schemes for competitive exams

We can say Our PM ‘Narendra Modi’ Time is the time of new schemes. Every month, new schemes are being launched by the Prime minister for the welfare of urban as well as rural people. Important thing about schemes for Govt. Job aspirants is that every Govt. Exam consists of 2 to 5 questions related to this scheme. So, knowledge about these schemes is too much important.

Here, we get together all the important information about the schemes being launched by the PM ‘Narendra Modi’:

  1. Pradhan Mantri Jan Dhan Yojana ;

This scheme was like a national mission to ensuring access of financial services to everyone in Indian in an affordable manner. This scheme was announced on independence day; 15 August, 2014.  Till now, more than 1.5 Cores account has been opened under this scheme and this scheme also sets a Gunnies World Record certificate for Opening large number of bank accounts in less time.

Benefits of this scheme:

  • Zero balance debit card with RuPay Debit card.
  • Free accident insurance cover of Rs. 1 Lakh.
  • After 6 months of opening account under this scheme; overdraft facility of Rs. 5000 would be allowed.
  1. Atal Pension Yojana:

Govt. Of India is trying to encourage Poor people to save money for their retirement time. Till now, poor people are living life on philosophy that earn and Spend which is not good for their future.  So, GOI is trying to change their thinking and encouraging saving by giving high interest rate through Atal Pension Yojana Plan. This scheme would be administrated by the PFRDA (Pension Fund Regulatory and Development authority).

                Through this scheme, you would be guaranteed for Minimum Monthly Pension after retirement ranging from Rs. 1000 to Rs. 5000. Pension amount would depend upon which Payment term Plan you selected. GOI will also co- contribute for 5 years in your payment term plan if you join this scheme in between 1 June 2015 to 31 December, 2015. Only those persons are eligible for Co-contribution by Govt. who is not income tax payers. Person aged between 18-40 are eligible to join this scheme.


If you would not deposit amount monthly in Atal Pension Yojana, You would be penalized and after 2 years of discontinuous; your account would be frozen.  Exit from this scheme is permitted only after the 60 years. In case of death, Spouse would be eligible for the Pension.

If we talk about Indicative return of Corpus to the nominee of Subscribers, it varies as below;

  • 7 Lakh for Monthly Pension of Rs. 1000 Payment Plan.
  • 4 Lakh for Monthly Pension of Rs. 2000 Payment Plan.
  • 1 Lakh for Monthly Pension of Rs. 3000 Payment Plan.
  • 8 Lakh for Monthly Pension of Rs. 4000 Payment Plan.
  • 5 Lakh for Monthly Pension of Rs. 5000 Payment Plan.

3) Pradhan Mantri Jeevan Jyoti Bima Yojana:

This is one year insurance Cover plan for death due to any reasons. Persons aged between 18 to 50 years are eligible for this scheme. Charges for subscribing this scheme are only Rs. 330 per year which would be auto debit from your account after your consent. According to this scheme, in the case of Death of subscriber, Rs. 2 Lakh would be payable to family member.

4) Pradhan Mantri Suraksha Bima Yojana:

This is one year accident insurance scheme. Persons aged between 18 to 70 years are eligible for this scheme. Charges for this scheme are only Rs. 12 per annum. After paying Rs. 12 as a installment, you would be eligible for below benefits;

Death Rs. -2 Lakh

 Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot  – Rs. 2 Lakh

Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot – Rs. 1 Lakh

5) Pradhan Mantri Kaushal Vikas Yojana ( PMKVY):

 According to our Current GOI, Only knowledge is not sufficient to get a good Job. So, they are ready with new scheme of providing Free Vocation training and Student who will successfully completed their training and clear exam for training certificate; they will be also eligible for the Monetary award.

Monetary award details are as below;



How to apply for Pradhan Mantri Kaushal Vikas Yojana ( PMKVY):

  • Log on to official portal of KMKVY.
  • Find your nearest centre for training.
  • After finding nearest centre, go to that place and get enrolled.
  • Learn a skill and go through assessment and certification.
  • On successful completion of training; NSDC will release money in trainee account.


For all this whole process; Aadhar card validation is very important.

Helpline in case of any emergency or Advice:

Contact on their call Center:+91 88000-55555 or drop a mail regarding your query at pmkvy@nsdcindia.org as well as drop your query below in the comment section.


6) Sukanya Samridhi Yojana:

This scheme was launched in Panipat City of Haryana to encourage Haryana People for creating positive environment for Girls. This scheme is sub part of ‘Beti Bachao-Beti Padhao’ mission. Girls below 10 years are eligible to open account under this scheme.

Benefits of Scheme:

  • High interest rate of 9.2% as compared to all other schemes.
  • Money is exempted from tax u/s 80 c.
  • Rs. 1000 and max. Rs. 1,50000 per year is limit for investing in this account.
  • Maturity of account is 21 years from the date of opening.
  • A single girl is eligible to open only single account and if anyone having 2 or more girls, they are eligible to open maximum 2 accounts.

7) Mudra Bank Yojana:

MUDRA Stands for Micro unit and Development and Refinance Agency Bank.

Main logic behind this scheme is to encourage every businessman to expand their business. This scheme was launched on 8 April, 2015.  MUDRA bank is entitled to give loan to businessman upto Rs. 10 lac with less rate of interest.

Loan offered by the MUDRA Bank under 3 divisions;

Shishu Loan upto Rs. 50000
Kishor From Rs. 50000 to Rs. 5 lac
Tarun From Rs. 5 lac to Rs. 10 Lac

8) Kissan Vikas Patra:

This is like a saving Bank account especially for farmers with high rate of interest as compared to bank. Firstly, this scheme was launched in 1988 by India Post and it is again launch on demand of honorable PM Shri Narendra Modi by Finance minister Arun Jaitely on 18 November, 2014. Under this scheme, saving certificate of Rs. 1000, Rs. 5000, Rs. 10000 and Rs. 50000 is available and Your amount would be doubled after 100 days. You can take certificate under your Name as well as in joint names. Average interest rate of this scheme is 8.7 %.

Good Luck……ALL THE Best !!!

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