By democratising access to finance, empowering women and marginalised groups, and adapting to India's diverse regional landscapes, PMMY has helped fortify the country's grassroots growth engines, says Chief Economic Advisor to the Government of India, V Anantha Nageswaran.
State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused by fraudsters as mule accounts to defraud people, people aware of the development said.
Prime Minister Narendra Modi inaugurated the Northeast's first Emergency Landing Facility in Assam, boosting regional defense and disaster response capabilities.
The Bharatiya Janata Party (BJP) on Sunday pledged to make 30 million 'Lakhpati Didis', up from the 10 million rural women who have already achieved the feat. Prime Minister Narendra Modi on Sunday released the BJP's manifesto for the upcoming Lok Sabha elections. The manifesto says the ruling party will continue the quarterly financial disbursements under the Pradhan Mantri Kisan Samman Nidhi (PM KISAN) yojana.
The Department of Social Justice and Empowerment has received Rs 13,611 crore in the Union Budget announced on Saturday, while the allocation for disability welfare now stands at Rs 1,275 crore.
Vaibhav Suryavanshi was felicitated with the 'Pradhan Mantri Rashtriya Bal Puraskar' by the President Droupadi Murmu on Friday
Finance Minister Nirmala Sitharaman on Tuesday announced the doubling of the upper limit of Mudra loans to Rs 20 lakh to promote entrepreneurship in the country. "The limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the 'Tarun category', she said while presenting the Budget in the Lok Sabha.
India's housing finance sector is riding a wave of post-pandemic revival, driven by policy support, digital innovation, and growing demand from younger homebuyers in emerging cities.
The Rural Development Ministry has been allocated Rs 1.88 lakh crore in the Union Budget for 2025-26, around 5.75 per cent more than the allocation in the previous budget.
In a significant policy shift aimed at boosting agri-productivity and rural prosperity, Finance Minister Nirmala Sitharaman on Saturday announced six new agricultural schemes while increasing the subsidised Kisan Credit Card loan limit to Rs 5 lakh from the existing Rs 3 lakh, benefiting 7.7 crore farmers, fishermen, and dairy farmers.
The government will come out with a credit guarantee scheme for MSMEs to facilitate term loans without collateral or third party guarantee, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting her seventh straight Union Budget, she also said that public sector banks to build in-house capability for credit assessment of MSMEs.
Healthcare: Good news for all ASHA, anganwadi workers
'It is good for us if the JMM contests. That will divide the Opposition and give us the upper hand.'
Saudi Arabia's steep cut in LPG benchmark prices has pushed India's household LPG underrecoveries to their lowest level in over two years, slashing oil companies' losses from Rs 200-250 per cylinder last year to about Rs 20-40 now.
The fiscal tilt towards capex benefits companies in investment-related sectors like capital goods, defence equipment, engineering & construction and metal & mining. The planned cut in revenue expenditure will weigh on companies in consumption sectors like FMCG, consumer durables and retail.
Prime Minister Narendra Modi criticized the Congress party for allegedly neglecting the tribal community's contributions to India's freedom struggle during its 60-year rule. He spoke at an event marking Janjatiya Gaurav Divas and inaugurated development projects for tribal communities.
United Nations Secretary-General Antonio Guterres seems startled by the Pradhan Mantri's proximity-propinquity as he arrives at the Scottish Exhibition Centre to attend the World Leaders Summit, COP26, in Glasgow, Scotland, November 1, 2021.
The Rs 5 lakh free health insurance cover would benefit senior citizens of around 4.5 crore families. Eligible beneficiaries would be issued a new distinct card under the scheme, the government said.
Prime Minister Narendra Modi will be announcing the nationwide rollout of Pradhan Mantri Digital Health Mission on September 27, Union health minister Mansukh Mandaviya informed on Thursday.
Finance Minister Nirmala Sitharaman on Tuesday announced allocation of whopping Rs 48,000 crore for completion of 80 lakh houses under the Pradhan Mantri Awas Yojana (PMAY), both rural and urban, during the next fiscal year. In her budget speech, the minister said: "In 2022-23, 80 lakh houses will be completed for the identified eligible beneficiaries of PM Awas Yojana, both rural and urban. Rs 48,000 crore is allocated for this purpose." The Centre would work with states for reduction of time required for all land and construction related approvals, for promoting affordable housing for middle-class and Economically Weaker Sections (EWS) in urban areas, she said.
The Indian Council of Medical Research is conducting three different studies to ascertain the facts regarding rising cases of cardiac arrest after the pandemic, Mandaviya said in response to a question in the Lok Sabha.
'At COP30, the emphasis will be on unlocking climate finance, reinforcing the principle of common but differentiated responsibilities, and building resilience through inclusive transitions and the mainstreaming of adaptation.'
Prem Bihari Narain Raizada wrote 145,000 words in flowing italic styles. It took him 6 months and hundreds of nibs.
'For the remaining Maoist cadres, they shall soon confront one of two outcomes: Either surrender or face neutralisation.'
The Chhattisgarh High Court has directed the state government to pay Rs 25,000 each to 84 students who consumed mid-day meals soiled by a dog. The court cited negligence on the part of the government and emphasized the need for vigilance in providing mid-day meals.
The Union Cabinet in its first meeting under the chairmanship of Prime Minister Narendra Modi on Monday approved government assistance for the construction of three crore houses under the Pradhan Mantri Awas Yojana (PMAY). This was the first meeting of the Union Cabinet of Modi 3.0 government held at the Prime Minister's 7, Lok Kalyan Marg residence.
The revised budget for 2024-25 shows a sharp rise in the allocations, particularly for major irrigation projects and the Namami Gange Mission-II.
The next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses, Union Finance Minister Nirmala Sitharaman said on Tuesday.
The health sector has been allocated Rs 89,155 crore in the Union Budget 2023-24, a hike of around 13 per cent over Rs 79,145 crore allocated in 2022-23, with the government also announcing a mission to eliminate sickle cell anaemia by 2047.
The Union Cabinet in its first meeting under the chairmanship of Prime Minister Narendra Modi on Monday approved government assistance for the construction of three crore houses under the Pradhan Mantri Awas Yojana (PMAY).
Prime Minister Narendra Modi on Thursday said India has become the fifth largest economy in the world and this is not an ordinary achievement. "Every Indian is feeling proud of it. We need to maintain this enthusiasm," Modi said. He was virtually addressing beneficiaries of various government schemes and those present at a mega medical camp organised in Olpad area of Surat city in Gujarat, where the Assembly polls are due later this year.
The Bihar chief minister, who has of late been making news for goof-ups, made the faux pas at an election rally on the outskirts of Patna.
Prime Minister Narendra Modi on Saturday said the government will extend for five years the free ration scheme, Pradhan Mantri Garib Kalyan Anna Yojana, covering 80 crore poor people.
India's External Affairs Minister S Jaishankar countered a US senator's claim that democracy does not put food on the table, citing India's PMGKAY program which provides food to 800 million people. Jaishankar argued that different parts of the world have different experiences with democracy and that the model of globalization has contributed to issues with democracy in some regions. He emphasized that India's democratic system effectively delivers food security, highlighting the PMGKAY program as an example.
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
A lot of the 100-day programmes would be 'milestone-based' with timelines for achieving targets for social-sector schemes.
'Self-declaration from the customer in case of no change in KYC information or change only in the address details may be obtained.'
The government has extended the PMGKAY scheme to provide 5 kg free foodgrains per month to around 80 crore poor people for another five years. A decision in this regard was taken in the meeting of the Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday. Giving details on Wednesday, Information and Broadcasting Minister Anurag Thakur said the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) has been extended for another five years from January 1, 2024.
The government has extended the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) scheme to provide 5 kilogrammes of free foodgrains per month to around 80 crore poor people for another five years.
'Sometimes I wonder whether the meeting really happened. Everything seems like a dream from which I do not want to wake up.'
