Apun Ghar

 Interest Subvention Scheme for housing loan regular state govt employees under
APUN GHAR

Home ❯ Schemes ❯ Bidya Lakshmi

Bidya Lakshmi
 Loan for Higher Education of the children of regular State Government Employees in
Assam under Uccha Siksha Hitoishona Achani(USHA) for Karmachari

Chief Minister's Samagra GramyaUnnayan

Yojana (CMSGUY)
 Chief Minister's Samagra GramyaUnnayan Yojana (CMSGUY): A 5-year mega-
mission called Chief Minister Samagra Gramya Unnayan Yojana (CMSGUY) was
launched in the Financial Year(FY) 2016-17, which is scheduled to culminate in the
FY 2021-22, coinciding with 75 years of India's Independence.
The main objective of the mission is to double the farm income, in unison with the
vision of Hon'ble Prime Minister Shri Narendra Modi.

Why CMSGUY?
At the current rate of growth, it will take about 80 years to double the farm income in
Assam. Normal interventions by the Government in this regard would not be adequate
to address the problem.

CMSGUY: The Way Ahead

Under CMSGUY there is a proposal to initiate massive investments in rural areas for
complete rural empowerment in a period of five years in a focused and concerted
manner to realize the dream of doubling the farm income.
This is sought to be achieved though 'saturation model' by covering each revenue
village through focused interventions in (a) Direct economic activities, (b) Logistic
support include market linkages, and (c) Community support.

Above focused interventions are aimed at in nine critical areas and related sub-
missions are:
1. Fishery Mission,
2. Milk Mission,
3. Organic Mission,
4. Land Management and Conservation Mission,
5. Sericulture, Khadi and Cottage Industry Mission,
6. Road and Broadband connectivity,
7. Semi-Processing, Processing and Market Linkages,
8. "Youth-Yoga-Sports" Mission and
 9. e-Gram Mission by developing Village Knowledge Centres by strengthening
traditional Namghar and other community institutions.

Lead EAPs(Externally Aided Projects)

 LEAPs (Lead EAPs)
1. The new Government has made it abundantly clear that additional resource
mobilisation of resources through Externally Aided Projects is the main focus.
2. It is proposed that this will be driven in a concerted and coordinated manner
by the Finance Department itself through a dedicated cell created by name
LEAPs (Lead EAPs).
3. LEAP would handhold the departments in developing the projects, facilitate
interaction with external aid agencies including new sources such as BRICS
Bank, Asian Infrastructure Investment Bank (AIIB) in addition to the existing
ones like World Bank, ADB, JICA, etc.
4. This cell would also ensure smooth flow of funds and monitoring of progress
of the EAPs through structures such as committees headed by the higher levels
of the Department and Government.
5. There are 18 ongoing Externally Aided Projects in the State and are at various
stages of implementation. The new Government lays special emphasis in
mobilising additional resources from fund agencies to take up many more
projects during next few years. New agencies such as BRICS Bank, AIIB, etc
will also be approached.

ReSTART Assam
 Restructuring Systems and Technology for Augmentation of Resources for
Transformed Assam (ReSTART): An ambitious programme by the Government of
Assam to mop up maximum possible State's Own Resources through a coordinated
and concerted mission mode programme — Restructuring Systems and Technology
for Augmentation of Resources for Transformed Assam (ReSTART).

ReSTART Assam will have four-pronged action plan as describe below:

o Rationalise the revenue collection from VAT, State Excise, MV Tax, Forest
and Oil Royalty through reforms and restructuring of policy, legislations, and
administration. This includes measures to increase efficiency in tax collection
and rationalise the tax structure based on the best models of other progressive
states.
o Mobilising additional resources, in a big away, through Externally Aided
Projects (EAP). This will be driven in a concerted and coordinated manner by
the Finance Department itself through a dedicated cell created by name
LEAPs (Lead EAPs).
o Assam State Public Finance Institutional Reforms (ASPIRe): An Assam State
Public finance Institutional Reforms Project, funded by World Bank, as an
externally aided project for improving the systems in public finance
management and focusing investments in critical sectors inducing growth,
development and employment in a post-Planning Commission scenario.
 o A large scale IT-enabled systems with “near-zero human interface” and real
time monitoring of revenue collection.

Assam State Public Finance Institutional

Reforms
 ASPIRe (Assam State Public Finance Institutional Reforms) aims to improve
efficiency, ease of doing business and transparency in its Public Financial
Management, has commenced with preparation of a World Bank funded project

Broad Project Scope (Components)

Component 1:

Institutional Strengthening, Reforms & Capacity Building Includes:

o Review of finance dept, its organization, role of FA's in line departments and cadre
review of various finance cadres, treasury & finance rules; twinning & partnerships
with national PFM institutes;
o Strengthening Budget Management Processes i.e strengthening preparation
process, resource estimation, budget allocation, re-appropriation and execution and
budget transparency;
o Strengthening Cash & Debt Management Capacity and systems;
o Procurement policy and e-procurement scale up including data analytics
o Review of PPP Framework and institutional strengthening;
o LFAD – framework for outsourcing model and pilots.

Component 2:

Expenditure Management: Treasury Modernization and Treasury:

o New IT systems for Treasury (FMIS) and Excise (software application development,
implementation, maintenance and hardware procurement, including networking,
change management and capacity building);
o PFMS scale up in selected departments (Education, RDD and Health)

Component 3:

Revenue Systems Strengthening: Excise and Commercial taxes:

 o E-Governance solution for Excise Dept (software application development,
implementation and maintenance and hardware procurement, including
networking,change management and capacity building);
o Upgrade of existing application software in CTD incl. hardware upgrade; institutional
strengthening of CTD and readiness for GST

Component 4:

Project Management

Genesis of Trade Development Fund

 The Hon’ble Gauhati High Court vide order dated 9/01/2009 passed in WP(C)
No.2452/2008 (IOCL vs State of Assam & others) upheld the constitutional validity
of the Assam Entry Tax Act, 2008 and the Assam Entry Tax (Amendment)
Ordinance, 2008 and directed the State Govt. to utilize the amount collected under the
Assam Entry Tax Act for the purpose stated at sec. 10 of the Assam Entry Tax Act,
2008 i.e. to utilize exclusively for development of infrastructure and amenities to
facilitate trade, commerce and intercourse out of the Assam Entry Tax proceeds.
Accordingly, Trade Development Fund Scheme was created and Budget Provision is
being made for this purpose since 2008-09 and the amount is being released to the
following Departments for infrastructure development works:
1. Power Department
2. Public Works Department
3. Publich Health Engineering Department
4. Urban Development Department
5. Guwahati Development Department

Under the Trade Development Fund an amount of Rs. 2214.4018 crore has been
released to the above mentioned Departments from the financial year 2008-09 to
2015-16.

Pradhan Mantri Mudra Yojana

 Pradhan Mantri Mudra Yojana under the Micro Units Development and Refinance
Agency (MUDRA) Bank is a new instrument for the development and refinancing
activities relating to micro units.

Under the Yojana, loans are classified into three categories:

1. Shishu
2. Kishore
3. Tarun

Atal Pension Yojana (APY)

  Atal Pension Yojana (APY) provides a defined pension, depending on the
contribution, and its period. The APY will be focussed on all citizens in the
unorganised sector, who join the National Pension System (NPS) administered by the
Pension Fund Regulatory and Development Authority (PFRDA). Under the APY, the
subscribers would receive the fixed minimum pension of Rs. 1000 per month, Rs.
2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the
age of 60 years, depending on their contributions, which itself would be based on the
age of joining the APY. The minimum age of joining APY is 18 years and maximum
age is 40 years. Therefore, minimum period of contribution by any subscriber under
APY would be 20 years or more. The benefit of fixed minimum pension would be
guaranteed by the Government

Pradhan Mantri Jan Dhan Yojana

 Pradhan Mantri Jan Dhan Yojana (PMJDY) is National Mission for Financial
Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit
Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

Account can be opened in any bank branch or Business Correspondent (Bank Mitr)
outlet. PMJDY accounts are being opened with Zero balance. However, if the
account-holder wishes to get cheque book, he/she will have to fulfill minimum
balance criteria.

Documents required to open an account:

 If Aadhaar Card/Aadhaar Number is available then no other
documents is required. If address has changed, then a self
certification of current address is sufficient.
 If Aadhaar Card is not available, then any one of the following
Officially Valid Documents (OVD) is required: Voter ID Card,
Driving License, PAN Card, Passport & NREGA Card. If these
documents also contain your address, it can serve both as
“ Proof of Identity and Address” .
 If a person does not have any of the “ officially valid
documents” mentioned above, but it is categorized as ‘ low
risk' by the banks, then he/she can open a bank account by
submitting any one of the following documents:

2. Identity Card with applicant's photograph issued by Central/State Government

Departments, Statutory/Regulatory Authorities, Public Sector Undertakings,
Scheduled Commercial Banks and Public Financial Institutions;

3. Letter issued by a gazette officer, with a duly attested photograph of the

person.

Special Benefits under PMJDY Scheme:

 o Interest on deposit.
o Accidental insurance cover of Rs. 1 lac
o No minimum balance required.
o The scheme provide life cover of Rs. 30,000/- payable on death of the
beneficiary, subject to fulfillment of the eligibility condition.
o Easy Transfer of money across India
o Beneficiaries of Government Schemes will get Direct Benefit Transfer in these
accounts.
o After satisfactory operation of the account for 6 months, an overdraft facility
will be permitted
o Access to Pension, insurance products.
o The Claim under Personal Accidental Insurance under PMJDY shall be
payable if the Rupay Card holder have performed minimum one successful
financial or non-financial customer induced transaction at any Bank Branch,
Bank Mitra, ATM, POS, E-COM etc. Channel both Intra and Inter-bank i.e.
on-us (Bank Customer/rupay card holder transacting at same Bank channels)
and off-us (Bank Customer/Rupay card holder transacting at other Bank
Channels) within 90 days prior to date of accident including accident date will
be included as eligible transactions under the Rupay Insurance Program 2016-
2017.
o Overdraft facility upto Rs.5000/- is available in only one account per
household, preferably lady of the household.

Pradhan Mantri Suraksha Bima Yojana

 Pradhan Mantri Suraksha Bima Yojana is an accident insurance scheme available to
people between 18 and 70 years of age with bank accounts.

Pradhan Mantri Jeevan Jyoti Bima Yojana

 Pradhan Mantri Jeevan Jyoti Bima Yojana is a life insurance scheme available to
people between 18 and 50 years of age with bank accounts.