pm garib kalyan yojana 2022 – Prime Minister Narendra Modi, in his recent budget announced the “Pradhan Mantri Garib Kalyan Yojana 2022”. The yojana will be implemented in a phased manner for the next five years.
The policy intends to focus on three aspects of poverty- alleviation: Income generation, Financial inclusion, and Skill development.
Before 2022, the government has set a target of 50% reduction of poverty.
How does this new policy affect you? Read more to find out!
What is Pradhan Mantri Garib Kalyan Yojana?
The Pradhan Mantri Garib Kalyan Yojana 2022 intends to tackle poverty in three ways.
1) Income generation- Help people living below the poverty line increase their income by providing them with loans at lower interest rates.
2) Financial inclusion- Provide easy access to banking services, savings products, and insurance to people living below the poverty line.
3) Skill development- Focus on education and training of people living below the poverty line.
It is estimated that by 2022, 50% of people living below the poverty line will be financially included and skilled.
How will the yojana reduce poverty?
The Pradhan Mantri Garib Kalyan Yojana 2022 will be implemented in a phased manner for the next five years.
Prime Minister Narendra Modi wants to focus on three aspects of poverty-alleviation: Income generation, Financial inclusion, and Skill development.
The government has set a target of 50% reduction of poverty by 2022.
How does the new policy affect you? The yojana will make it easier for you to generate income by easing access to credit, insurance, and other products that will help people start or expand their business.
It also provides skills training through different institutions for people who are unemployed or looking to change their careers.
This means that you have more opportunities to find work in your desired field!
What are the benefits of the policy for taxpayers?
The Pradhan Mantri Garib Kalyan Yojana 2022 is an ambitious economic policy that intends to provide financial assistance to the poor of India. The government has promised to reduce poverty by 50% in five years.
This policy will be implemented in a phased manner over the next 5 years, and it will focus on income generation, financial inclusion and skill development.
The new policy will benefit everyone who pays taxes, as they will receive income tax rebates for their contribution to this initiative.
The government also intends on implementing the Direct Benefit Transfer (DBT) scheme, which will ensure that no one can be denied of their benefits due to lack of Aadhaar card or mobile connection.
This initiative is not limited to any particular subsection of society; all citizens of India are eligible for the benefits.
Pradhan Mantri Garib Kalyan Yojana 2022 is an excellent chance for taxpayers to contribute their money towards the welfare of the less fortunate members of society.
How will PMGKY benefit tax payers?
The Prime Minister Narendra Modi’s Pradhan Mantri Garib Kalyan Yojana 2022 has been designed to eradicate poverty from the Indian society. This would be achieved through three facets: Income generation, Financial inclusion and Skill Development. The scheme will be implemented in a phased manner over the next 5 years.
The benefits of this new policy are significant for the citizens of India. It seeks to provide incentives in order to help tax-payers invest in their own future and eliminate poverty from their lives.
This scheme is a welcome change in a country where more than 50% of its population still lives below the poverty line.
In fact, the government has set an ambitious target of 50% reduction in poverty by March 2022 when it came into power in 2014. This goal was also reiterated by the Union Budget 2018-19 when finance minister Arun Jaitley announced that “the government has made a conscious choice not to create any pressure on banks by putting up non-performing assets (NPA) at market value”.
The PMGKY scheme offers tax-payers a one-time opportunity to make a one-time investment in these 3 categories: Income generation, Financial inclusion and Skill development. There are many benefits which come with making such investments including income tax deduction, wealth creation etc.
Ways to get the benefits of PMGKY
The benefits of the yojana are:
– Increased income and employment opportunities
– Financial inclusion and financial literacy for all
– Equitable distribution of wealth and benefits
– Greater equity and inclusiveness
– Sustainable development.
To get these benefits, you should invest in the following:
1. Small savings schemes like Pradhan Mantri Jan Dhan Yojana (PMJDY), Sukanya Samriddhi Yojana, National Pension Scheme (NPS), etc.
2. Fixed Deposit Schemes like Kisan Vikas Patra, Senior Citizen Savings Scheme, etc.
3. Mutual Funds – Equity or debt funds, etc.
4. Public Provident Fund (PPF) for retirement security.
Why should you get enrolled in PMGKY?
The new scheme is a great way to support your income. PMGKY aims to serve the poorest of the poor with a monthly income of up to Rs.1000 per month.
The scheme provides a platform for micro-entrepreneurs, small farmers, and others in the informal sector who were previously excluded from any kind of social security.
PMGKY is also applicable for women entrepreneurship development and skill training programs.
In order to avail this scheme, one does not need to be an NRI or have a bank account in India.
All you need is a KYC compliant Aadhar card and a mobile phone with internet access to register for this scheme!
To understand more about PMGKY, you can visit their website: http://pmkgky.gov.in/
Benefits of enrolling in PMGKY
The benefits of enrolling in the PMGKY are many. This new policy will improve Income generation, Financial inclusion, and Skill development.
One of the benefits is that this yojana will help people have a better quality of life. The Central Government aims to provide a double-bed with an attached bathroom to every family below poverty line by 2022. The government also intends to increase per capita income for poor families in rural India by 20% in five years.
Income generation is one of the main aspects of this plan. To achieve this goal, the government will provide a minimum wage guarantee for all households from Rs 10,000 per annum. Turning India into a “skilled nation” is another benefit of PMGKY which will ensure that not only does India have skilled citizens but they are also skilled entrepreneurs.
FAQ
1. What is Pradhan Mantri Garib Kalyan Yojana?
Pradhan Mantri Garib Kalyan Yojana is a scheme started by the Government of India on 26 March 2020. It is a voluntary disclosure scheme which will enable taxpayers to declare unaccounted income and assets. It will be available on the Income Tax e-filing portal or can be submitted offline.
2. How will the yojana reduce poverty?
The Pradhan Mantri Garib Kalyan Yojana is one of the most far reaching schemes for the poor in India, which will provide relief to the taxpayers who are in the lowest income tax slab, of 5% and 20%.
3. What are the benefits of the policy for taxpayers?
The benefits of PMGKY are that it will provide an opportunity to people with undisclosed income to get rid of the same with tax benefits, new taxation slabs with benefits for people in lower slabs, tax rebate of 25% on the amount declared, penalty of 10% of the undisclosed income or 25% of the undisclosed income or 25% of value of property whichever is higher, immunity from prosecution under Income Tax Act.