Last Updated on Jul 22, 2022 by

Over the years, the Government of India has introduced several welfare schemes for the citizens. These schemes have not just helped the citizens financially, but also played a positive part in the country’s economy. The beneficiaries availing these schemes are the urban-poor, rural people, low-income households, or economically backward sections of society. 

In this article, let us check a few financial schemes offered by each state government of India in their respective states. 

Financial Schemes and Subsidies in India 2022-2023 – By State 

Here’s a list of the 9 states in India and the financial subsidies offered along with their allocations for the year 2022 – 23, Gross State Domestic Product (GSDP), revenue receipts and own tax revenue. 


S. No.SchemeDescriptionAllocation for 2022-23 (BE)
(Rs. in cr.)
GSDP (in %)Revenue Receipts (in %)Own Tax Revenue (in %)
ANDHRA PRADESH
1Jagananna AmmavodiFinancial assistance of Rs. 15000 to the students’ mother to encourage parents to send children to school6,5000.53.47.1
2YSR AasraReimbursement of the outstanding bank loans of SHGs as on 11.04.20196,4000.53.37
3Electricity SubsidyFree power supply/ concessional power supply/ cash transfer for electricity for agriculture/ to horticulture farmers/aquaculture farmers.50000.42.65.5
4YSR CheyuthaFinancial assistance of Rs. 75,000 to women in the age group of 45- 60 years belonging to SC, ST, BC, and minorities to improve their livelihood.4,2360.32.24.7
5YSR Rythu BharosaFinancial assistance of Rs. 7500 per farmer family including tenants and Rs. 13,500 to landless cultivators belonging to SC, ST, BC, Minorities.3,9000.324.3
6YSR Sunna Vaddi Panta RunaluSubsidy on interest for crop loans up to Rs. 1,00,000 to the farmers.50000.30.5
7Dr YSR Aarogya AasaraFinancial assistance of Rs. 225 per day as postoperative sustenance allowance to patients for the postoperative recovery period30000.20.3
8YSR Vahana MitraFinancial assistance of Rs. 10,000 per annum to self-owned auto/ taxi drivers for meeting expenses on insurance, fitness certificate, repairs, and other requirements.26000.10.3
9Financial support to religious personSalary and remuneration fund to Archakas and other employees12000.10.1
10Financial support to religious personIncentives to Imams and Mouzans12600.10.1
10YSR Nethanna NesthamFinancial assistance of Rs. 24,000 per annum to every handloom owning weaver family to modernise equipment.19900.10.2
Total27,5412.114.430.3
BIHAR
1Sashakt Mahila, Saksham MahilaCash incentives to female students for completing senior secondary and graduation9000.10.52.2
2Mukhya Mantri Balika
Cycle Yojana
Financial assistance of Rs. 3000 per female student20000.10.5
Total1,1000.10.62.7
JHARKHAND
1Electricity subsidyFree electricity up to 100 units to farmers and poor4,8551.25.819.5
2Electricity subsidyTariff subsidy to the consumers1,8000.42.27.2
3Guruji Credit Card SchemeSoft loan up to Rs. 10 lakhs at a low-interest rate without a mortgage to a student for pursuing higher education.
Total6,6551.7826.7
KERALA
1Interest subsidyOn prompt repayment of agricultural loans taken from co-operative institutions50000.1
Total50000.1
MADHYA PRADESH
1Electricity subsidyTo farmers and domestic users21,0001.610.828.8
Total21,0001.610.828.8
PUNJAB
1Electricity SubsidyFree electricity up to 300 units to every household5,0000.85.213.4
2WaiverWaive off pending electricity bills.
3Financial Assistance to WomenFinancial assistance of Rs. 1000 to every adult woman for female empowerment12,0001.912.632.1
Total17,0002.717.845.4
RAJASTHAN
1Electricity subsidyFree electricity up to 50 units for those consuming less than 100 units and concessional rates for higher consumption slab45000.32.14.6
2Mukhya Mantri Digital Seva YojanaProvision of free smartphones to the lady heads of the Chiranjeevi families for 3 years25000.21.22.5
3WaiversFarm loan waivers1,0000.10.51
4Indira Gandhi Matritave Poshan YojanaFinancial assistance of Rs. 6000 on birth of second child to pregnant women21000.10.2
5Mukhya Mantri Divyang Scooty Yojana Scheme, Kali Bal Bheel and Devnarayan YojanaProvision of free scooties to students17000.10.2
6Rajasthan Krishi Shramik Sambal MissionFinancial assistance of Rs. 5000 to landless farmers to purchase agricultural equipment100000.1
7Byaj Maafi YojanaWaiver of mandi charges
Total8,4800.63.98.6
WEST BENGAL
1Lakshmi BhandarFinancial assistance of Rs. 1000 to every SC/ST woman and Rs. 500 to every other woman for their financial empowerment10,7670.65.413.6
2Krishak BondhuOne Time Grant to the Family of Deceased Farmer under Krishak Bondhu50000.30.6
3Krishak BondhuFinancial assistance of Rs. 10,000 to all farmers for agricultural purposes4,9940.32.56.3
4Kanyashree PrakalpaAnnual incentive of Rs. 75 and one- time grant of Rs. 25,000 to ensure that girls stay in school and delay their marriage until after 18 years of age.1866.20.10.92.4
5Rupashree PrakalpaFinancial assistance of Rs. 25000 per indigent woman for the purpose of marriage75000.40.9
Total18,8771.19.523.8
HARYANA
1Monthly stipend to SC/ BPL/BC studentsMonetary incentive to improve the educational avenues of the students and enhance their admission and retention.24200.20.3
3Mukhjya Manti Vivha Shagun YojanaFinancial assistance to poor families, widows, destitute women, and sportspersons for the marriage of their daughters.18000.20.2
4Aapki Beti, Humari Beti (Ladli) SchemeFinancial assistance of Rs. 21,000 on the birth of first and second girl child to SC and BPL families.16000.20.2
5Stipend to college studentsStipends of Rs. 1000 per month to all SC students in a government college in the State for their upliftment and welfare.45000.1
6Free BicyclesProvision of free bicycles to SC students in classes IX to XII.6000
7Scheme for Welfare of Scheduled Castes Families Fisheries SectorFinancial assistance will be provided to the fish farmers, fishermen and fish contractors of notified waters in the State.5.6000
Total638.60.10.60.9

Note: Data for Punjab pertains to 2021-22 while for the other states it pertains to 2022-23 (BE).

Apart from these, there are several financial savings schemes and subsidies offered by each state government and central government for businesses, education and agriculture. Some of the schemes offer financial security while others provide socio-economic support. Overall, these schemes and subsidies contribute to the financial well-being of the citizens with low income. 

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