Pradhan Mantri Garib Kalyan Rojgar Yojana Scheme

Pradhan Mantri Garib Kalyan Rojgar Yojana scheme was launched in 2016 by the Government of India to provide help and support to the economically weaker sections of society during times of emergencies and crisis. This scheme focuses on elevating the financial burden faced by vulnerable families and individuals along with maintaining their well being. 

Pradhan Mantri Garib Kalyan Yojana Overview

Pradhan Mantri Garib Kalyan Yojana has been launched by the Government of India to help and provide support to the economically weaker sections of the society during their challenging times. This scheme focuses on aiding the problems and hardships faced by the economically weaker citizens of India by offering various welfare benefits. The scheme provides relief measures like free grains, cash transfers, insurance and various other services. Through these provisions, the well being of people will be ensured in times of crisis and unforeseen circumstances. 

Pradhan Mantri Garib Kalyan Yojana Objectives

The Pradhan Mantri Garib Kalyan Yojana has the following objectives: 

• The scheme curbs the problems of income equality and black money. 
• To meet its primary objective, the PMGKY provided a one-time opportunity for tax evaders to declare their unaccounted wealth voluntarily, subject to a tax rate of 49.9% on the disclosed amount, without incurring penalties or facing prosecution.
• In 2020, the scheme was extended in response to the economic challenges posed by the COVID-19 pandemic. This extension aimed to support the poor and vulnerable by generating funds to aid those severely affected by the economic downturn. 

Pradhan Mantri Garib Kalyan Yojana Eligibility Criteria

The eligibility criteria to apply for Pradhan Mantri Garib Kalyan Yojana is: 

• All Below Poverty Line (BPL) families.
• Families identified under the Antyodaya Anna Yojana (AAY) by States/UTs based on criteria set by the central government.
• State Governments/Union Territory Administrations identify Priority Households (PHH) based on criteria prepared by States/UTs. 

Pradhan Mantri Garib Kalyan Yojana Features

Key features of the PM Garib Kalyan Yojana (PMGKY) include:

• Provision of 5 kg of free wheat/rice per person and 1 kg of free whole chana per family each month to over 80 crore beneficiaries.
• Free LPG cylinders for Below Poverty Line (BPL) families for three months, as announced by the Finance Minister.
• Individuals declaring untaxed income under PMGKY must pay 50% of the disclosed amount, ensuring confidentiality for undeclared wealth in cash or deposits.
• Employment opportunities for the poor, with Rs. 50,000 crore allocated to support livelihoods.
• Rs. 50 lakh insurance coverage for frontline workers, benefiting up to 22 lakh health professionals.
• A mandatory investment of 25% of disclosed income in the PMGKY scheme, refundable after four years without interest.

Pradhan Mantri Garib Kalyan Yojana Scheme Benefits

Pradhan Mantri Garib Kalyan Yojana Scheme has the following benefits: 

• The scheme will provide direct financial support to the poorest sections of society that will help create a more inclusive society. 
• The provision of free food ensures that there are no hungry stomachs, malnutrition is controlled, leading to improvement in public health. 
• The insurance and pension scheme will help in ensuring future security of vulnerable sections of society like farmers, migrant workers and daily wage workers. 
• The Health Insurance cover provided under the Ayushman Bharat scheme will promote better access to essential healthcare services to economically weaker sections of society. 
• LPG Cylinders are provided to women to ensure the socio-economic status of women and participate more actively in economic times. 
• The scheme promotes the idea of maintaining socio-economic stability by providing monetary assistance to the economically weaker groups especially during times of distress like COVID-19.