Tag Archives: Financial Assistance

Eligibility, Features, Interest Rates & Returns Return, Minimum Investment Rules And Other Details Kisan Vikas Patra  Kisan Vikas Patra (KVP) is one among nine small savings schemes offered by India Post. Investment in KVP at present fetches a return of 7.7 per cent. Interest on money deposited in the KVP ...

The ministry of rural development comes with a proposal to use the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) — the world’s largest wage-based social protection programme — to achieve India’s third climate target under the 2016 Paris climate change agreement. The proposal was submitted on the sidelines of ...

In a blessing for government employees, the Cabinet on Thursday raised the government’s contribution by 14 per cent of basic salary from the current 10 per cent to  National Pension Scheme (NPS), sources said. Minimum employee contribution will, however, remain at 10 per cent. The Cabinet also approved tax incentives under ...

Guidelines will be notified by January-end: RBI   With digital transactions growing rapidly in India, so have the complexities and challenges such as fraudulent transactions. Hence, the Reserve Bank of India (RBI) has decided to set up an ombudsman scheme for digital transactions to address these issues and promote customer ...

Human Resource Development Minister Prakash Javadekar on Thursday launched Samagra Shiksha scheme for school education. The scheme focuses on improving quality of education, enhancing the Learning outcomes and using technology to empower children and teachers. The Minister said, an annual grant of five thousand to 20 thousand rupees will be ...

The Union Cabinet on Wednesday approved doubling of investment limit for senior citizens from Rs 7.5 lakh to Rs 15 lakh under Pradhan Mantri Vaya Vandana Yojana (PMVVY). The time limit for subscription under PMVVY has also been extended from May 4, 2018 to March 31, 2020. It will enables ...

National Pension Scheme: This one is a pension scheme offered by the Central government. Although this scheme is mandatorily covered for government employees, but it is also open to all Indian citizens on a voluntary basis. Up to Rs 1.5 lakh investment made in NPS, can be tax exempted under section 80C. However, deductions under ...

In a major announcement, all the students doing Doctorate of Philosophy (PhD) from the Indian Institute of Technology (IIT) and the Indian Institute of Science (IISc) will be getting Rs 70,000 per month as fellowship amount. The statement came from Centre’s Union Higher Education Secretary Kewal Kumar Sharma. As of ...

The commerce and industry ministry on Monday said it has proposed a Rs 2,000 crore credit guarantee scheme for startups to help them access funds. For the scheme, a corpus contribution of “Rs 2,000 crore is proposed keeping in mind the challenges faced by startups in accessing funds,” Commerce and ...

The Punjab government has chalked out a comprehensive strategy to provide security and financial assistance to acid attack victims in order to make them self-reliant, state minister Razia Sultana said on Monday. She said the Punjab financial assistance to acid victims scheme 2017 has been framed in this regard and ...