SDG Goal wise programs of India – Part 02

SDG Goal wise programs of India – Part 02

(இதன் தமிழ் வடிவத்திற்கு இங்கே சொடுக்கவும்)

Deendayal Antyodaya Yojana - National Urban Livelihood Mission (DAY-NULM)

Launched:

• September 23, 2013.

Ministry or Nodal Agency:

• Ministry of Housing and Urban Affairs, Government of India.

Mission and Objectives

• The National Urban Livelihood Mission (NULM), also known as Deendayal Antyodaya Yojana – National Urban Livelihood Mission (DAY-NULM), is a mission-oriented initiative launched by the Government of India to reduce poverty and vulnerability among urban poor households.

• The mission's primary focus is to provide self-employment and skilled-wage employment opportunities, enhancing the livelihoods of the urban poor.

Its key objectives include:

• Empowering the Urban Poor: The mission aims to improve the livelihoods of urban poor, especially those in vulnerable and marginalized groups, by providing skill development, self-employment opportunities, and access to stable income sources.
• Support for Street Vendors: It addresses the livelihood challenges of urban street vendors, ensuring they have access to suitable vending spaces, institutional finance, and social security benefits.
• Social Security: Ensuring access to housing, healthcare, and education for the urban poor.
• Creating Economic Inclusion: Providing opportunities for the urban poor to engage in the mainstream economy through skill development and entrepreneurship.

Target Beneficiaries

• Homeless Individuals: People living on the streets without permanent shelters.
• Street Vendors: Informal workers selling goods and services in public spaces.
• Urban Poor: Low-income households in cities and towns who need support in improving their economic status.

Eligibility Criteria

The target groups for the mission include:

• Homeless Individuals: People without permanent housing in urban areas.
• Street Vendors: Informal sellers who rely on the streets for their livelihoods.
• Urban Poor Households: People living in urban areas, primarily from disadvantaged groups, including SCs, STs, women, minorities, and persons with disabilities.

Key Features and Benefits

Financial Support:

• Self-Help Groups (SHGs): Urban poor SHGs can access low-interest loans (7% annually), with an additional 3% interest subvention for women-led groups, reducing the effective rate to 4%.

• Self-Employment Support: Individuals and groups wishing to start micro-enterprises can access loans of up to ₹2 lakh (for individual ventures) or ₹10 lakh (for group ventures).
• Assistance for Street Vendors: Financial assistance for establishing vending zones, credit access, skills training, and micro-enterprise development.

Non-Financial Support:

• Street Vendors: Development of vending zones with essential infrastructure (water supply, roads, lighting, waste disposal) to improve the working conditions for vendors.
• Shelter for Urban Homeless: Assistance to Urban Local Bodies (ULBs) for constructing, operating, and managing permanent shelters equipped with essential services for homeless individuals.

• Skill Development: Extensive training programs to enhance employability or help start new businesses.

Sub-Schemes under DAY-NULM

• Innovative and Special Projects (ISP): Encourages new approaches to livelihood creation, with up to 5% of total Central Funds allocated for special projects.
• Self-Employment Programme (SEP): Provides financial assistance for self-employment and micro-enterprise development, with loans offered to individuals and SHGs.

• Support for Urban Street Vendors (SUSV): Aims to improve the working conditions of street vendors by offering financial support, training, and developing suitable vending spaces.
• Capacity Building and Training (CBT): Provides training to individuals and agencies involved in urban poverty alleviation to enhance their skills and ability to implement poverty-reduction strategies.
• Social Mobilization and Institution Development (SM&ID): Focuses on empowering the urban poor through the formation of SHGs and federations to improve their access to financial and social services.
• Shelter for Urban Homeless (SUH): Ensures that urban homeless individuals have access to shelters equipped with basic services.
• Employment through Skills Training and Placement (EST&P): Provides training for skill development, helping individuals secure better job opportunities or set up their own businesses.

Benefits of NULM (DAY-NULM)

Financial Benefits:

• Low-Interest Loans: Loans with interest rates as low as 4-7% for SHGs and micro-enterprises.
• Support for Street Vendors: Access to credit, skills, and market development support for vendors.
• Self-Employment Loans: Assistance for urban poor to start their own businesses or micro-enterprises.

Non-Financial Benefits:

• Infrastructure Development for Street Vendors: Provision of designated vending zones with proper infrastructure.
• Shelter for the Homeless: Permanent shelters with essential services.
• Skill Development: Capacity building for better employment and entrepreneurial opportunities.

Pradhan Mantri Jan Dhan Yojana (PMJDY)

Launched:

• Pradhan Mantri Jan Dhan Yojana (PMJDY) was announced on 15th August 2014 and launched on 28th August 2014.

Ministry or Nodal Agency:

• The Ministry of Finance, Government of India is the nodal agency for the implementation of the Pradhan Mantri Jan Dhan Yojana.

Objectives:

• To provide access to financial products & services at an affordable cost.
• To use technology to lower costs and extend the reach of financial services.

• To promote financial inclusion by opening bank accounts for the unbanked population.

Beneficiaries:

• The primary beneficiaries of PMJDY are individuals from economically weaker sections, particularly those who do not have access to formal banking services.
• Persons without any existing bank accounts are eligible to open a basic savings account under PMJDY.

Eligibility Criteria:

• The scheme is available to any individual who does not have a bank account.
• It is open to all Indian citizens, including those from rural and remote areas.

Benefits:

• No Minimum Balance Requirement: No need to maintain a minimum balance in the PMJDY accounts.
• Free Rupay Debit Card: A free RuPay debit card is provided to all account holders.

Accident Insurance Cover:

• Rs. 1 lakh accident insurance cover for existing accounts.
• Rs. 2 lakh accident insurance cover for new accounts opened after 28th August 2018.

Overdraft Facility:

• An overdraft (OD) facility of up to Rs. 10,000 is available to eligible account holders.

DBT Benefits:

• PMJDY accounts are eligible to receive Direct Benefit Transfers (DBT), which include subsidies, welfare payments, and more.

Additional Information:

• PMJDY accounts can be opened at any bank branch or Business Correspondent (Bank Mitra) outlet.

• Interest is earned on the balance in the PMJDY accounts.
• There is no mandatory cheque book facility, but some banks may issue cheque books at their discretion.
• The scheme continues to evolve with the goal of achieving full financial inclusion in the country.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)  

Launched:

• May 9, 2015.

Ministry or Nodal Agency:

• Ministry of Finance, Government of India.
• Implementing Agency: Life Insurance Corporation of India (LIC) and other participating private insurance companies.

Objectives:

• To provide life insurance coverage to the poor and vulnerable sections of society.
• To offer affordable life insurance coverage for people aged 18-50 years.
• To ensure financial assistance for families in case of an insured person’s death until an alternative source of income is generated.

• To increase the life insurance penetration in India, as only 20% of the population had insurance coverage as of May 2015.

Beneficiaries:

• The scheme is designed primarily for individuals in the low-income and vulnerable sections of society, including:
• People aged between 18 and 50 years.
• Those who have a savings bank account with a participating bank.
• Those who opt for auto-debit of premiums from their bank accounts.

Eligibility Criteria:

• Age Limit: 18 to 50 years.
• Bank Account: Must have a savings account with any participating bank.
• Health Criteria: Must be in good health and free from critical illnesses as certified at the time of enrollment.

• Aadhar Linkage: It is mandatory for the beneficiary to link their Aadhar card to their bank account for enrollment.
• Consent for Auto-Debit: The subscriber must give consent for auto-debit for premium payment.
• Enrollment Period: Initially, people could enroll from August-November 2015.
• Enrollment is allowed every year during a specific period (from June 1 to May 31) and must be renewed annually to continue coverage.

Benefits:

• Coverage Amount: In case of death of the insured person, the nominee will receive a lump sum amount of Rs. 2 lakhs.
• Premium: The premium is Rs. 330 annually (subject to minor variations for some providers).
• It is auto debited from the savings account.
• Renewability: The coverage is renewed annually, and the subscriber must pay the premium before May 31 for the subsequent year.
• Tax Benefit: Premium paid under PMJJBY qualifies for a tax deduction under Section 80C of the Income Tax Act, 1961.
• No Medical Check-Up Required: There is no requirement for medical examination or health check-up to enroll in the scheme.
• Death Coverage: Provides life coverage for one year from June 1 to May 31.
• If the insured person dies during this period, the Rs. 2 lakh benefit is provided to the nominee.
• Transferable: The policy can be transferred to another bank or post office if the policyholder changes their bank or location.

Additional Information:

• Simple Enrollment Process: Individuals can enroll through any participating bank’s website or mobile app.
• No Maturity Benefits: Since it is a pure term insurance plan, there are no maturity benefits, and it only covers death risk.

• Auto-Debit Facility: The premium is deducted annually via auto-debit from the policyholder’s savings account, making it hassle-free.
• Easy Claims: In case of death, the nominee must submit documents like the death certificate, policy document, and KYC documents to claim the death benefit.
• Risk Coverage: The coverage amount is paid out in case of death due to any reason, including natural or accidental death.
• Investment of Premiums: The premiums collected under PMJJBY are invested in government securities to ensure safety and security of the funds.

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