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A three-party scheme consists of three main parties, as described in the adjacent diagram. In this model, the issuer (having the relationship with the cardholder) and the acquirer (having the relationship with the merchant) are the same entity. This means that there is no need for any charges between the issuer and the acquirer.
Bhamashah Yojana is a scheme introduced by the Government of Rajasthan to transfer financial and non-financial benefits of governmental schemes directly to women recipients in a transparent way. [1] [2] The scheme was inaugurated by Chief Minister Vasundhara Raje on 15 August 2014. [3] [4] The aim of Bhamashah Yojana is to empower women. The ...
The Four Corners model, often referred to as the Four Party Scheme is the most used card scheme in card payment systems worldwide. This model was introduced in the 1990s. It is a user-friendly card payment system based on an interbank clearing system and economic model established on multilateral interchange fees (MIF) paid between banks or other payment institutions.
Schemes that the central government fully funds are referred to as "central sector schemes" (CS). In contrast, schemes mainly funded by the center and implemented by the states are "centrally sponsored schemes" (CSS). [1] In the 2022 Union budget of India, there are 740 central sector (CS) schemes. [2] [3] and 65 (+/-7) centrally sponsored ...
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Subhadra Yojana (introduced 17 September 2024) is a women-centric welfare scheme launched by the Government of Odisha aiming on empowering women aged 21 to 60 years by providing direct financial assistance. The initiative, inaugurated by Prime Minister Narendra Modi, intends to benefit over 1 crore women across the state of Odisha. [1] [2] [3]
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For example, Rejaul Karim Laskar, an ideologue of the Congress party- the largest constituent of the UPA Government which introduced the scheme, claims that the scheme has multifarious benefits including "reduction in poverty, reduction in migration, women empowerment, improvement of productivity of agricultural land and regeneration of water ...
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