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WOMEN EMPOWERMENT SCHEMES UNDER MINISTRY OF FINANCE

Stand Up India Scheme –

  • Stand Up India Scheme was launched on 5 April 2016 to promote entrepreneurship at grass root level
  • scheme seeks to leverage the institutional credit structure to reach out to the underserved sector of people such as Scheduled Caste, Scheduled Tribe and Women Entrepreneurs
  • The objective of this scheme is to facilitate bank loans between Rs.10 lakh and Rs.1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch of SCBs for setting up a Greenfield enterprise.
  •  More than 81% account holders are Women under Stand up india scheme

Mudra- Micro Units Development & Refinance Agency

  • PMMY was launched on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs
  • Under the aegis of PMMY, MUDRA has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’ 
  • 70% of the total loan borrowers are Women

PMJDY – Pradhan Mantri Jan-Dhan Yojana

PMJDY envisages universal access to banking facilities with at least one basic banking account for every adult, financial literacy, access to credit, insurance and pension

APY- Atal Pension Yojana

  • Envisages a universal social security system for all Indians, specially the poor and the under-privilege by offering guaranteed minimum monthly pension of Rs. 1000 -Rs. 5000 at the age of 60 years.
  • More than 93 lakh women subscribers (43%) out of a total of around 2.15 crore subscribers

PMJJBY – PM Jeevan Jyoti Bima Yojana

  • Social security system for the poor and underprivileged in the age group of 18-50 years by providing a renewable life insurance cover of Rs.2 lakhs with just a premium of Rs.330.
  • Under PMJJBY, 40.70% enrollments are of women members and 58.21% of claim beneficiaries are women.

PMSBY – Pradhan Mantri Suraksha Bima Yojana

  • PMSBY was launched on 9th May 2015. The objective of this scheme is to provide a very affordable insurance scheme for the poor and underprivileged people in the age group of 18 to 70 years with a bank account at a premium of Rs.12 per annum; risk coverage of Rs.2 lakhs for accidental death and full disability and Rs.1 lakh for partial disability.
  • Under PMSBY, 41.50% enrollments are of women members and 61.29% of claim beneficiaries are women. (As on 31.01.2020)
Machine generated alternative text:
Schemes under Ministry of Finance 
which have benefitted the women in India 
STAND-UP INDIA 
promotes entrepreneurship 
at grass root level for 
economic empowerment and 
job creation 
facilitate bank loans between 
Rs. 10 lakh and Rs.l crore ro 
at least one Scheduled Caste 
or Scheduled Tribe (ST) 
borrower and at least one 
woman borrower per bank 
branch of SCBs for sering 
up a Greenfield enterprise. 
more than 81% account 
holders are women 
'7.027070) 
PMJDY 
The scheme as extended 
and revised with effect 
from 14_08.2018, envisages 
universal access to 
banking facilities with at 
least one basic banking 
account for every 
hou scho/d, financial 
literacy, access to credit 
insurance and pension 
20.33 cr. account holders 
(53%) out of 38.13 cr. 
PMJDY account holders 
are women.'" 
MUDRA 
providing loans up to 10 lakh 
to the non-corporate, non- 
farm smaWmicro enterprises 
MUDRA has created three 
products namely Shish"'. 
Kishore• and Tarun' ro 
signify the stage of growth / 
development and funding 
needs Of the beneficiary 
micro unit / entrepreneur and 
also provide a reference 
point for the next phase Of 
graduation / groMh 
700/0 Of the total loan 
borrowers are Women
Machine generated alternative text:
Schemes under Ministry of Finance 
which have benefitted the women in India 
Atal 
Pension 
höjana 
APY 
CJ tr envisages a universal social 
security system for a" Indians. 
specialty rhe poor and the 
under-privilege by offering 
guaranteed minimum monthly 
pension of Rs. 1000 5000 
at the age of 60 years. 
more than 93 lakh subscribers 
(43%) our of a total of around 
2.15 crore subscribers under 
A PY are women. 
Enrolment of women under 
A PY has shown a steady 
increase from 37% (December 
2016) to (February 2020). 
Pradhan Mantri 
Jeevan Jyoti Binu 
PMJJBY 
The objective of this 
scheme is ro create a 
social security system for 
the poor and 
u nderprivileged in the 
group of 18-50 years by 
providing a renewable life 
insurance cover of Rs 2 
lakhs with just a premium 
of Rs.330. 
a Under PMJJBY, do. 70% 
enrollments are of women 
members and 58.21% Of 
claim beneficiaries are 
women. 
han ant 
raksha Bima Yo • 
PMSBY 
The Objective Of this scheme 
is to provide a very 
affordable insurance scheme 
for the poor and 
underprivileged people in the 
age group Of 18 to 70 years 
with a bank account at a 
premium of Rs_ 12 per 
annum: risk coverage of Rs.2 
lakhs for accidental death 
and full disability and Rs. I 
lakh for patria/ disability. 
a Under PMSBY. 41.50% 
enrollments are of women 
members and 61.29% Of 
claim beneficiaries are 
women.
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October 2022
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