National Family Assistance Scheme (Sankat Mochan Yojana)
Under this scheme, if the main breadwinner of the family dies due to natural causes or accident, the following central assistance will be available.
- In case of death due to natural circumstances, Rs. 20,000 / -
- In case of death due to accident Rs. 20,000 / -
- Provision has been made in the scheme to provide higher cash assistance to the family in case of any calamity. Earlier, under this scheme, Rs. 10,000 / - was given. By increasing the amount to Rs. 20000 / - has been done.
In case of such death, the main earner (he or she) should be above 18 years of age and below 30 years of age.
The application has to be made in the prescribed form within the limit of two years after death. To be eligible for assistance under this scheme, the applicant beneficiary should be a BPL beneficiary as per the guideline of Government of India. If the applicant lives in a rural area, he should be registered as a BPL beneficiary in the village panchayat, in the municipality or in the municipal area, in the office of the municipality or corporation.
Postmortem report of the person involved in the accident, police complaint, copy of Punchnama have to be attached with the application form.
Only one person as the head of the Deceased family has to apply as an applicant and all the members of the family have to give their consent. This assistance is not available to each family member separately.
The definition of family for the purpose of this scheme includes spouses, minor children, unmarried daughters and dependent parents.
Where to apply?
For an urban area one has to apply to the provincial office of that area.
For Gram Panchayat Area - Under this scheme application has to be made to the Deputy District Development Officer.
For Municipal Area - Commissioner UCD in the office of the Corporation. Must apply at the branch. The authority to sanction assistance under this scheme is vested in the above officer and the application form will also be available from his office.
Who can benefit?The main beneficiary of a family with a poverty line score of 0 to 20 (male or female) dies naturally or accidentally.The deceased male or female should be above 18 years of age and below 30 years of age.Must apply within 3 years of death.
What are the benefits?
Once the main earner's family dies, Rs. 20,000 / - is provided through DBT (Direct Account Deposit).Where to get application form?Collector Office, Mamladar Office, Janseva Kendra.
Where to apply?Under this scheme, application has to be made to the concerned Taluka Mamlatdar for all urban or rural areas.The amount of assistance to the beneficiary is credited to the beneficiary's account by DBT. Is submitted by..
Note: - Taluka Mamlatdars have the power to sanction the amount under this scheme.
Read also about govermant loan info related article::
NDI was recently identified as the only, truly emerging market in the world. Part of this growth is fueled by the country's micro, small and medium enterprises. The SME sector contributes more than 40% of the total GDP and is an important source of employment for India's growing population. Recognizing the importance of SME growth in the post-demonetisation era, the government has launched some new business loan schemes and given impetus to other existing companies. Here are the top five business loan schemes from the Government of India that you can get for small business money.
MSME Business Loan in 59 Minutes
The most talked about business loan scheme right now is 'MSME Business Loans' in 59 minutes, the scheme was first announced in September 2018. Loans under this scheme are provided to finance and promote MSME growth in the country. Both new and existing businesses can use the scheme for financial assistance up to ₹ 1 crore. The actual process takes 8-12 days to complete, while approval or rejection is granted within the first 59 minutes of the application. It is a refinancing scheme in which five public sector banks will provide the funds. The interest rate depends on the nature of your business and credit rating. No information has been given about the principal amount or interest submission subsidy.
To apply for a business loan under this scheme, you need GST verification, income tax verification, bank account statements from last 6 months, ownership related documentation and KYC details. More information on application and approvals can be sought by visiting the SIDBI portal for this business loan.
Currency loanThe Micro-Units Development and Refinance Agency (Mudra) is an organization set up by the Government of India to provide business finance to micro-business units. Under the scheme, loans are given under the pretext of 'funding unfunded people'. Since small companies and startups owe large sums on their own devices to finance their venture, the government has envisioned such ventures as low-cost credit. Mudra loan is also a refinancing business loan, which is covered under this scheme by public sector banks, private sector banks, co-operative societies, small banks, scheduled commercial banks and rural banks. Loans are usually given to a micro or small business operating in the manufacturing, trade and services sectors. The structure of currency loan is as follows,
Seeshu loan Rs. 50,000 / -
Adolescent loan Rs. 5,00,000 / -
Youth loan Rs. 10,00,000 / -Credit Guarantee Fund Scheme for Micro and Small Businesses
CGMSE was first launched in the year 2000 as a financial support scheme for micro and small enterprises. It provides collateral-free credit for both new and existing business units that meet its eligibility criteria. The scheme provides working capital loan up to Rs 10 lakh without any collateral. However, credit of more than Rs 10 lakh for all credit facilities up to Rs 1 crore and only primary security or mortgage of land and building associated with the building is available and such eligible accounts are covered under the Credit Guarantee Fund Trust for Micro and Small Enterprise (CGTMSE). Is. . The asset created by the lending facility, which is associated with the business unit, is also considered as security when the loan amount is more than lakhs 10 lakhs.
