8/3/22, 7:45 PM Narendra Modi: Jan Dhan se Jan Suraksha?

n se Jan Suraksha? Know how PM Modi’s financial schemes have fared - The Economic Times
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Business News › News › Economy › Policy › Jan Dhan se Jan Suraksha? Know how PM Modi’s financial schemes have fared

Jan Dhan se Jan Suraksha? Know how PM Modi’s

financial schemes have fared

Synopsis
Some of the major financial security initiatives of PM Narendra Modi are Jan Dhan
Yojana, Atal Pension Yojana, PM Suraksha Bima Yojana and PM Jeevan Jyoti Bima Most Popular Stories
Yojana.
1. ITR filing last day: Any
chance of deadline
extension?
NEW DELHI: Prime Minister Narendra
ET Online

Modi has launched a slew of financial

schemes in the past three years of the 2. Russia for mkts, connectivity
infra links with India: Oleg
NDA government. Some of the major Deripaska, Russian
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Yojana, Atal Pension Yojana, PM
3. 38% YoY to Rs 4,169 crore,
ITC Q1 Results: Profit jumps
Suraksha Bima Yojana and PM Jeevan
beats estimates
Jyoti Bima Yojana.

The government has promoted these schemes as ‘Jan Dhan se Jan Suraksha’. 4. Stocks in the news: ITC, Yes
Bank, HDFC, Dr Reddy's, DLF,
Here are some key details about these schemes and their reach:

Zomato and Zee

PM Suraksha Bima Yojana

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Launched on May 9, 2015, the scheme is aimed at providing insurance cover to
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the majority of Indian population. The social security scheme offers insurance
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of Rs 2 lakh in case of accidental death and disability for Rs 12 per annum. It
ITR Filing Deadline Missed
can be renewed annually. As per latest government data, over 10.97 crore
people have so far enrolled in the plan. As of now, claims worth Rs 232.32 crore
have already been paid.

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8/3/22, 7:45 PM Narendra Modi: Jan Dhan se Jan Suraksha? Know how PM Modi’s financial schemes have fared - The Economic Times

4. Retail inflation for industrial

workers moderates to 6.16%

in June

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1. View: ‘Musk v Twitter’ lesson

2. Going, going, 5gone, speed is of essence

Atal Pension Yojana

The scheme is targeted at unorganised sector. Launched in 2015, the scheme is

3. A pox on monkeypox via vax, awareness
a replacement of Swavalamban Yojana NPS Lite. It is a periodic contribution-
based pension plan which promises a fixed monthly pension of Rs 1,000, Rs
Not to be Missed
2,000, Rs 3,000, Rs 4,000 or Rs 5,000, after attaining the age of 60. The
Takkar to replace Kapania as
government contributes 50 per cent of beneficiary premium (up to Rs 5,000)
Vi chairman
for five years. As of now, the scheme has been subscribed by 61.71 lakh people.

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Canadian work permit

Boxer Nitu Ganghas enters

semifinals

Govt pulls out data protection

bill

Pradhan Mantri Jeevan Jyoti Bima Yojana

Jul inflation may ease to 5-

This is an yearly life insurance scheme which can be renewed from year to mth low
year and offers coverage for death. Since it is for death cover only, only the
nominee will benefit from the scheme. The plan has no investment
component. The policy offers a life insurance of Rs 2 lakh at a premium of Rs Weightlifter Lovepreet Singh
330 per year. As per government data, 3.46 crore people have enrolled so far wins Bronze

and Rs 1,390.42 crore claims have been paid.

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and don'ts

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8/3/22, 7:45 PM Narendra Modi: Jan Dhan se Jan Suraksha? Know how PM Modi’s financial schemes have fared - The Economic Times

'India's record high trade

deficit a concern'

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Moonlighting policy

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billionaire pals to court

Pradhan Mantri Jan Dhan Yojana

Launched in 2014, the programme is aimed at providing every citizen of India

MPC to draft plan of action to
access to financial services namely, banking/savings & deposit accounts,
tame inflation
remittance, credit, insurance and pension. The government claims that this
scheme has 100 per cent household coverage in 27 states/UTs and more than
99 per cent coverage in the remaining nine states/UTs. The data says that 60 Three killed, six wounded in
per cent of these accounts are in rural/semi-urban areas and Rs 65,844.68 crore China stabbing
balance lies in the beneficiary accounts. As of now, 22.71 crore RuPay cards
have been issued with inbuilt accident insurance cover of NEXT
Rs 1 lakh.
STORY
Kia to offer six airbags in
ETPrime GoM weighs scrapping 12% GST slab
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SECTIONS
ET Online Jan Dhan
Last Updated: Augse Jan
29, Suraksha?
2017, 12:20 PMKnow
IST how PM Modi’s financial schemes have fared
By AnuradhaMonday,
Shukla, ET The Digital Way!
01 Bureau
August, 2022Last Updated: Aug 02, 2022, 12:15 AM IST
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Synopsis
People aware of the development told ET that most of the members of the group were
RBIslab
of the view that the 12% Could Raise
accounts forRepo
about Rate8% of totalby up GST torevenues
50 bps and can be Most Popular Stories
done away with. The Reserve Bank of India is likely to lift its key policy rate by up to 50 basis Sitharaman clarifies on GST-
points this week, a majority of market experts in ET’s poll of 22 participants… 1. Aditya Puri may join YES
exempt items
Bank board on Carlyle's
behalf: ET NOW sources
iStock
A group of ministers, mandated to look
Read Complete Print Edition »
at rate rationalisation by the Goods
Could China invade Taiwan?
and Services Tax Council, is mulling 2. What made Nancy Pelosi go
to Taiwan, and why is China
READ MORE NEWS ON
doing away with the 12% slab while so upset about it
Narendra Modi Social Security Schmes retaining the 18%Atal
Jan Dhan Yojana and 28%Yojana
Pension slabs.

UberFrom
enables users toLove,
bookfor
a
3.
PM Jeevan Jyoti Bima Yojana PM Suraksha Bima Yojana
Financial Security Scheme Russia with
rideIndia
in Hindi
Inc
People aware of the development told
(Catch all the Business News, Breaking News Events and Latest News Upd...more
The GoM, sources said, is not keen on tinkering
ET that most of the members of the
the 5% or 28% slabs. group were of the view that the 12%
slabTHIS
accounts for about 8% of total GST 4.
Top
Large restaurants raise
Category Deals
discounts to fend off Swiggy,
1 COMMENTS ON STORY
revenues and can be done away with.

Zomato
Upto 40000 off UPTO 60% OFF

jatinder_banwait saini 1800 days ago

"This is one
Deshofkithe
Chuoptions. At present,
Bana Gaya the 12% slab contributes
ye Feku Maharaj...Jumla Sarkar Deshthe least to
ki Gaddar
5. Zomato shares recover after
10% crash amid multiple
revenues. It would be easiest to remove it," said one of the persons quoted block deals
above.

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Butter, ghee, fruit juice, almonds, footwear up to ₹1,000, several processed food Explore 20+ Categories

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8/3/22, 7:45 PM Narendra Modi: Jan Dhan se Jan Suraksha? Know how PM Modi’s financial schemes have fared - The Economic Times

items, solar water heaters and hotel accommodation priced up to ₹1,000 per OnePlus 10T Launch News Live Sensex Today

ETPrime
day among stories
others of thethe
fall within day12% tax bracket.

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News Share Price Indian Flag

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A final call on any change in rates would be taken by the GST Council. The
GoM, headed by Karnataka chief minister Basavaraj Bommai, has been tasked 3. Home loan borrowers face
higher outgo in goodbye to
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to suggest rationalisation in tax rates, merging of slabs, review of the exempt easy money
list and correct duty inversion. The GoM was given an additional three-
months in June to submit its final report.

4. Telangana bets big on oil

palm to cut $19 billion

vegetable oil imports

The 47th GST Council meeting held in Chandigarh in June moved several
items including tetra pak, printing, writing or drawing ink, knives with cutting
blades, paper knives, pencil sharpeners and blades, spoons, forks, ladles, 5. Flour millers urge Govt to sell
wheat in open market to ease
skimmers, dairy machinery, power pumps and LED lamps to the 18% slab from prices

12%.

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The person cited above said that the GoM was in the process of assessing the
revenue impact of moving items from one slab to another. The GoM is looking 1. Bharatmala: Hit the road, and how
to maximise revenues without causing a major disruption, the person said.

By Sanjeev Gupta

The GoM is expected to discuss the option when it meets later this month.

2. July gave GST a warm welcome

3. Recession, a receding thought for India

The GST, which subsumed multiple state and central taxes, has four slabs-5%,
12%, 18% and 28%. Apart from the four key slabs, 1.5% and 3% applies to cut
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diamonds and jewellery and precious metals, respectively, besides a top-up
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top rate of 28%.

In terms of contribution to the revenue kitty, the 28% slab contributes 16%.
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The 18% slab has less items but contributes a major chunk or 65% of revenues.
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The slabs of 5% and 12% contribute 10% and 8% to the kitty.

The GoM, the person said, is not keen on tinkering the 5% or 28% slabs.

Experience Your Economic Times Newspaper,

The Digital Way!
Wednesday, 03 Aug, 2022

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8/3/22, 7:45 PM Narendra Modi: Jan Dhan se Jan Suraksha? Know how PM Modi’s financial schemes have fared - The Economic Times

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