Introduction Imagine being protected against the financial consequences of an accident for just ₹20 a year. That’s exactly what the PMSBY (Pradhan Mantri Suraksha Bima Yojana) offers. Launched by the Government of India in 2015, PMSBY is designed to provide affordable accident insurance to workers and low-income Indians who may lack protection against the unexpected. …
Introduction Imagine securing your family’s financial future with a ₹2 lakh life insurance cover for just ₹436 a year. That’s exactly what the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) offers. Launched by the Government of India in 2015, PMJJBY is designed to make life insurance affordable and accessible, especially for low- and middle-income families. …
A Quick Note Before You Start This guide works a little differently from our other scheme guides. The National Scholarship Portal isn’t a single scholarship with one fixed amount and one eligibility rule. It’s a single website that hosts more than 140 different scholarships, run by different ministries and state governments, each with its own …
PM Jan Dhan Yojana-Explained in One Minute Pradhan Mantri Jan Dhan Yojana (PMJDY) lets any Indian citizen open a bank account with zero balance. There’s no minimum amount you need to keep in it. You get a free RuPay debit card, accident insurance cover of ₹2 lakh, and access to an overdraft facility of up …
Sukanya Samriddhi Yojana-Explained in One Minute Sukanya Samriddhi Yojana (SSY) is a savings account for a girl child under 10. It currently pays 8.2% interest a year, one of the highest rates of any government savings scheme. You deposit between ₹250 and ₹1.5 lakh a year, for 15 years. The account matures after 21 years, …
Explained in One Minute The PM Ujjwala Yojana provides women from poor households with a free LPG connection. There’s no deposit to pay. The government also gives you a first free refill and, in most cases, a free stove. On top of that, you get a subsidy on your cylinder refills through the year. As …
Important Update Before You Read Further The original Stand-Up India scheme officially ended on March 31, 2025. As of the most recent parliamentary update, in March 2026, the government said a revamped version is being redrafted based on a review by NITI Aayog and is expected to eventually go before the Cabinet for approval. Some …
PM Mudra Yojana- Explained in One Minute Pradhan Mantri Mudra Yojana (PMMY) gives collateral-free loans to small, non-farm businesses. There are four loan tiers: Shishu (up to ₹50,000), Kishor (₹50,000 to ₹5 lakh), Tarun (₹5 lakh to ₹10 lakh), and Tarun Plus (₹10 lakh to ₹20 lakh). Both new and existing small businesses can apply. …
PM SVANidhi Loan Scheme -Explained in One Minute The PM SVANidhi Loan Scheme provides street vendors with small, collateral-free working capital loans. You start with up to ₹10,000. If you repay on time, you become eligible for ₹20,000 next, then ₹50,000 after that. You also get a 7% yearly interest subsidy, plus cashback for using …
PMEGP Scheme Explained in One Minute PMEGP scheme gives you a government subsidy to help start a new manufacturing or service business. The subsidy ranges from 15% to 35% of your project cost. You don’t get this money in cash. It reduces the loan a bank gives you. Manufacturing projects can go up to ₹50 …