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The budget of ₹ 53 billion (US$610 million) in a time span of one year 2015-2016 has been allocated to this scheme. [2] The decision was taken on 1 July 2015 at the meeting of Cabinet Committee on Economic Affairs, approved with an outlay of 50000 crore for period of 5 years (2015-16 to 2019-20).
According to a 2018 report from the Reserve Bank of India ₹15.3 lakh crore (15.3 trillion rupees on the short scale) of the ₹15.41 lakh crore in demonetised bank notes, or approximately 99.3%, were deposited in banks, leading analysts to state that the effort had failed to remove black money from the economy.
Central sector scheme actual spending in 2017-18 was ₹ 587,785 crore (equivalent to ₹ 6.6 trillion or US$76 billion in 2023), [8] in 2019-20 it was ₹ 757,091 crore (equivalent to ₹ 8.5 trillion or US$98 billion in 2023) while the budgeted amount for 2021-22 is ₹ 1,051,703 crore (equivalent to ₹ 12 trillion or US$140 billion in 2023 ...
The MUDRA banks were set up under the Pradhan Mantri MUDRA Yojana scheme. It will provide its services to small entrepreneurs outside the service area of regular banks, by using last mile agents. About 5.77 crore (57.6 million) small business have been identified as target clients using the NSSO survey of 2013. Only 4% of these businesses get ...
Centrally Sponsored Schemes (CSS) are schemes that are implemented by state governments of India but are largely funded by the central government with a defined state government share. Examples of such schemes include the Mahatma Gandhi National Rural Employment Guarantee Act and the Pradhan Mantri Gram Sadak Yojana .
The scheme has been extended to 2028-29, with a target to construct an additional 2 crore houses. In 2025, a new survey is being conducted to identify additional eligible rural households. This survey is facilitated through the Awaas+ 2024 Mobile App, which allows for both self-surveys and assisted surveys by pre-registered surveyors.
The features of Pradhan Mantri Awas Yojana are that the government will provide an interest subsidy of 6.5% (for EWS and LIG), 4% for MIG-I and 3% for MIG-II [11] [12] on housing loans availed by the beneficiaries for a period of 20 years under credit link subsidy scheme (CLSS) from the start of a loan. The houses under Pradhan Mantri Awas ...
Pradhan Mantri Jan Dhan Yojana (transl. Prime Minister's Public Finance Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.