The Government 2023 Latest Scheme is an important guide for all those who are preparing for competitive exams. It explains the latest government initiatives and programs that are launched in India to promote the social and economic wellbeing of the country.
The plan takes action to address these challenges, whilst ensuring the long-term sustainability of Public Finances. It invests in the Council of Ministers’ priorities for the Island and ensures that taxpayers’ money is focused on delivering those priorities.
Mahila Samman Savings Certificate.
The Mahila Samman Savings Certificate scheme is an investment option that offers women a safe and secure way to save. It is a fixed-income scheme that provides an interest rate of 7.5% per annum. The tenor of the scheme is two years, which makes it comparable to most bank fixed deposits.
The MSSC offers a higher interest rate than other similar small savings schemes. It is also considered to be a better choice than the Sukanya Samriddhi Yojana, as it offers more tax benefits.
To get started with the MSSC, you will need to fill an application form and submit KYC documents. The forms are available online or at your local post office.
Once you’ve completed the application process, you can deposit money into your MSSC account through a cash or cheque. The government will issue a certificate as proof of your investment.
However, you should note that there are certain charges for this scheme. These include a Rs 40 fee for physical mode receipt and a Rs 9 fee for e-mode receipt.
The MSSC is a two-year tenor scheme that provides a fixed interest rate of 7.5% per annum. It is an excellent option for small investors, especially those who are looking to save money while enjoying tax benefits. In addition, the MSSC offers partial withdrawals and a nomination facility.
PM Garib Kalyan Anna Yojana.
The latest scheme launched by the Government of India is the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), which aims to provide food security to the country’s poor. The scheme will cover about 80 crore people and will be extended until December 2023 in accordance with the National Food Security Act (NFSA).
Under this scheme, individuals will get five kg of wheat or rice per month free of cost as a supplement to their monthly entitlements under the NFSA. Besides, beneficiaries who are covered under Antyodaya Anna Yojana (AAY) and Priority Households (PHH) will also receive five kg of grain per month.
It will be distributed through the Targeted Public Distribution System (TPDS) to ration card holders in the AAY and PHH categories who are below poverty line. This includes 63 lakh women self-help groups (SHGs) and about seven crore families.
In order to ensure the availability of foodgrains, the ministry is working closely with the states and the state-run Food Corporation of India (FCI). As per the FCI’s stock report, it has about 232 lakh metric tonnes (LMT) of wheat and 209 LMT of rice in its central pool.
The Union cabinet on Wednesday approved the extension of PMGKAY by three months till December 2022. This is a good step towards ensuring the food security of the people of the country.
Pradhan Mantri Kaushal Vikas Yojana 4.0.
PMKVY is a skill training scheme that was launched by the Ministry of Skill Development and Entrepreneurship to help Indian youth acquire industry-related skills. The government bears the costs for training a candidate, and after they complete the course, they are eligible to receive a job or earn a livelihood through placement assistance.
The government also offers free training to individuals who have not worked for several years. This is a major benefit because it can make people self-sufficient.
This program is implemented through the National Skill Development Corporation. It is a government-funded scheme that aims to train young men and women for the benefit of their families and communities.
A part of the government’s skill development strategy, PMKVY has a Recognized Prior Learning (RPL) programme that assesses and certifies people who have prior learning experience or skills. It will also provide training for people who are unemployed and need to gain new skills for their careers.
As of March 2019, India has a 7.45% unemployment rate, which means that 33 million people are looking for jobs. It is crucial to have more employment opportunities and job training programs like the Pradhan Mantri Kaushal Vikas Yojana 4.0 can help reduce the unemployment rate in India.
During the Union Budget 2023, Finance Minister Nirmala Sitharaman announced the launch of a new skilling initiative called PMKVY 4.0. Under this scheme, new age courses like Artificial Intelligence (AI), robotics, drone technology, Cloud Computing, Internet of Things (IOT), 3D printing and Mechatronics will be introduced to train youth.
Atmanirbhar Clean Plant Programme.
The Atmanirbhar Clean Plant Programme aims to boost availability of disease-free, quality planting material for high value horticultural crops at an outlay of Rs 2,200 crore. It will be implemented by the National Horticulture Board, in collaboration with research organizations, agriculture universities and private sector entities.
The horticulture sector contributes 33% of India’s gross value added (GVA) and employs millions of people. It is the only industry that has a higher percentage of women employees than manufacturing, and is responsible for providing 35% of employment in rural areas.
A major challenge facing the horticulture industry is creating disease-free planting materials. To address this issue, the government plans to set up 10 Clean Plant Centres that will offer disease diagnostics, therapeutics, plant multiplying and mother plant generation services with an outlay of Rs 2,200 crore over seven years, until 2030.
According to the source, this will help create a domestic supply of disease-free and genuine planting material for fruit crops like apple, almond, grapes, and avocados. It will also enable farmers to increase productivity and improve the quality of their crop.
Wetlands conservation is another priority area, with a three-year scheme to promote the optimal use of these ecosystems to enhance carbon stock, bio-diversity, income generation and eco-tourism opportunities. It will also help encourage 1 crore farmers to adopt natural farming. Additionally, 10,000 Bio-Input Resource Centres will be set up, a national-level distributed micro-fertilizer and pesticide manufacturing network will be established and PM PRANAM will incentivise states to promote alternative fertilizers.
Skill India International Centres.
The Union Government has launched Skill India International Centres to skill youth for international jobs. FM Nirmala Sitharaman has announced that 30 Skill India International Centres will be set up in different states to help youth get market-oriented skills training, which will prepare them for employment opportunities abroad.
This is part of the Pradhan Mantri Kaushal Vikas Yojana 4.0 which aims to train around 40 Crore Indians by 2022. Its aim is to improve employability, boost the economy and reduce unemployment rates.
NSDC is partnering with a variety of countries to develop projects that enhance quality, efficiency and capacity of the Indian skilling ecosystem. Its key initiatives include boosting the efficiency and effectiveness of Short Term Skilling programs in India, working as a knowledge hub for TVET and supporting the World Bank Group’s “Skilling Up Mashreq” initiative in Jordan to support technical advisory in designing a framework for digital skills.
In addition, it has partnered with DP World to train Indian students for overseas jobs in logistics and port operations. This program is a good way to connect Indian students with jobs in the UAE and promote global talent mobility.
To create a sustainable business environment, CII has established multi-skill centres in rural and tribal areas. These centres impart industry-required specialized job roles, and provide career guidance to the local youth. It has also developed Model Career Centers (MCCs) to link students with employers and facilitate placements.
PM VIshwakarma KAushal Samman.
The PM Vishwakarma KAushal Samman is a package of assistance that has been conceptualized by the government in order to encourage traditional arts and handicrafts. The scheme will make it easier for artisans to increase their quality, scale production and integrate their products into the MSME value chain.
The scheme was announced by the nation’s finance minister Nirmala Sitharaman during her annual Budget 2023 presentation before Parliament on February 1st. The aforementioned scheme will help improve India’s artisan credentials and boost the country’s overall economy.
This scheme is one of the many measures taken by the government to promote skills development and entrepreneurship amongst its youth. It also helps in showcasing the achievements of India’s burgeoning artisan community.
It has been estimated that the number of artisans in India will exceed 100 million by 2023 and with this kind of support, India can reap the benefits of a growing talent pool.
The scheme is a good indicator of the government’s commitment to its citizens. Its major components include financial support, advanced skill training, knowledge of modern digital techniques and efficient green technologies, brand promotion, linkage with local and global markets, digital payments and social security. The scheme is designed to promote a new generation of Indians that is capable of competing in the global marketplace. For example, it will help in promoting the capabilities of women and disadvantaged groups such as the Dalits.