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. | Scheme | Description | Allocation for 2022-23 (BE) (Rs. in cr.) | GSDP (in %) | Revenue Receipts (in %) | Own Tax Revenue (in %) |
| ANDHRA PRADESH | ||||||
| 1 | Jagananna Ammavodi | Financial assistance of Rs. 15000 to the students’ mother to encourage parents to send children to school | 6,500 | 0.5 | 3.4 | 7.1 |
| 2 | YSR Aasra | Reimbursement of the outstanding bank loans of SHGs as on 11.04.2019 | 6,400 | 0.5 | 3.3 | 7 |
| 3 | Electricity Subsidy | Free power supply/ concessional power supply/ cash transfer for electricity for agriculture/ to horticulture farmers/aquaculture farmers. | 5000 | 0.4 | 2.6 | 5.5 |
| 4 | YSR Cheyutha | Financial 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. | 4,236 | 0.3 | 2.2 | 4.7 |
| 5 | YSR Rythu Bharosa | Financial assistance of Rs. 7500 per farmer family including tenants and Rs. 13,500 to landless cultivators belonging to SC, ST, BC, Minorities. | 3,900 | 0.3 | 2 | 4.3 |
| 6 | YSR Sunna Vaddi Panta Runalu | Subsidy on interest for crop loans up to Rs. 1,00,000 to the farmers. | 500 | 0 | 0.3 | 0.5 |
| 7 | Dr YSR Aarogya Aasara | Financial assistance of Rs. 225 per day as postoperative sustenance allowance to patients for the postoperative recovery period | 300 | 0 | 0.2 | 0.3 |
| 8 | YSR Vahana Mitra | Financial assistance of Rs. 10,000 per annum to self-owned auto/ taxi drivers for meeting expenses on insurance, fitness certificate, repairs, and other requirements. | 260 | 0 | 0.1 | 0.3 |
| 9 | Financial support to religious person | Salary and remuneration fund to Archakas and other employees | 120 | 0 | 0.1 | 0.1 |
| 10 | Financial support to religious person | Incentives to Imams and Mouzans | 126 | 0 | 0.1 | 0.1 |
| 10 | YSR Nethanna Nestham | Financial assistance of Rs. 24,000 per annum to every handloom owning weaver family to modernise equipment. | 199 | 0 | 0.1 | 0.2 |
| Total | 27,541 | 2.1 | 14.4 | 30.3 | ||
| BIHAR | ||||||
| 1 | Sashakt Mahila, Saksham Mahila | Cash incentives to female students for completing senior secondary and graduation | 900 | 0.1 | 0.5 | 2.2 |
| 2 | Mukhya Mantri Balika Cycle Yojana | Financial assistance of Rs. 3000 per female student | 200 | 0 | 0.1 | 0.5 |
| Total | 1,100 | 0.1 | 0.6 | 2.7 | ||
| JHARKHAND | ||||||
| 1 | Electricity subsidy | Free electricity up to 100 units to farmers and poor | 4,855 | 1.2 | 5.8 | 19.5 |
| 2 | Electricity subsidy | Tariff subsidy to the consumers | 1,800 | 0.4 | 2.2 | 7.2 |
| 3 | Guruji Credit Card Scheme | Soft loan up to Rs. 10 lakhs at a low-interest rate without a mortgage to a student for pursuing higher education. | – | – | – | – |
| Total | 6,655 | 1.7 | 8 | 26.7 | ||
| KERALA | ||||||
| 1 | Interest subsidy | On prompt repayment of agricultural loans taken from co-operative institutions | 50 | 0 | 0 | 0.1 |
| Total | 50 | 0 | 0 | 0.1 | ||
| MADHYA PRADESH | ||||||
| 1 | Electricity subsidy | To farmers and domestic users | 21,000 | 1.6 | 10.8 | 28.8 |
| Total | 21,000 | 1.6 | 10.8 | 28.8 | ||
| PUNJAB | ||||||
| 1 | Electricity Subsidy | Free electricity up to 300 units to every household | 5,000 | 0.8 | 5.2 | 13.4 |
| 2 | Waiver | Waive off pending electricity bills. | – | – | – | – |
| 3 | Financial Assistance to Women | Financial assistance of Rs. 1000 to every adult woman for female empowerment | 12,000 | 1.9 | 12.6 | 32.1 |
| Total | 17,000 | 2.7 | 17.8 | 45.4 | ||
| RAJASTHAN | ||||||
| 1 | Electricity subsidy | Free electricity up to 50 units for those consuming less than 100 units and concessional rates for higher consumption slab | 4500 | 0.3 | 2.1 | 4.6 |
| 2 | Mukhya Mantri Digital Seva Yojana | Provision of free smartphones to the lady heads of the Chiranjeevi families for 3 years | 2500 | 0.2 | 1.2 | 2.5 |
| 3 | Waivers | Farm loan waivers | 1,000 | 0.1 | 0.5 | 1 |
| 4 | Indira Gandhi Matritave Poshan Yojana | Financial assistance of Rs. 6000 on birth of second child to pregnant women | 210 | 0 | 0.1 | 0.2 |
| 5 | Mukhya Mantri Divyang Scooty Yojana Scheme, Kali Bal Bheel and Devnarayan Yojana | Provision of free scooties to students | 170 | 0 | 0.1 | 0.2 |
| 6 | Rajasthan Krishi Shramik Sambal Mission | Financial assistance of Rs. 5000 to landless farmers to purchase agricultural equipment | 100 | 0 | 0 | 0.1 |
| 7 | Byaj Maafi Yojana | Waiver of mandi charges | ||||
| Total | 8,480 | 0.6 | 3.9 | 8.6 | ||
| WEST BENGAL | ||||||
| 1 | Lakshmi Bhandar | Financial assistance of Rs. 1000 to every SC/ST woman and Rs. 500 to every other woman for their financial empowerment | 10,767 | 0.6 | 5.4 | 13.6 |
| 2 | Krishak Bondhu | One Time Grant to the Family of Deceased Farmer under Krishak Bondhu | 500 | 0 | 0.3 | 0.6 |
| 3 | Krishak Bondhu | Financial assistance of Rs. 10,000 to all farmers for agricultural purposes | 4,994 | 0.3 | 2.5 | 6.3 |
| 4 | Kanyashree Prakalpa | Annual 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. | 1866.2 | 0.1 | 0.9 | 2.4 |
| 5 | Rupashree Prakalpa | Financial assistance of Rs. 25000 per indigent woman for the purpose of marriage | 750 | 0 | 0.4 | 0.9 |
| Total | 18,877 | 1.1 | 9.5 | 23.8 | ||
| HARYANA | ||||||
| 1 | Monthly stipend to SC/ BPL/BC students | Monetary incentive to improve the educational avenues of the students and enhance their admission and retention. | 242 | 0 | 0.2 | 0.3 |
| 3 | Mukhjya Manti Vivha Shagun Yojana | Financial assistance to poor families, widows, destitute women, and sportspersons for the marriage of their daughters. | 180 | 0 | 0.2 | 0.2 |
| 4 | Aapki Beti, Humari Beti (Ladli) Scheme | Financial assistance of Rs. 21,000 on the birth of first and second girl child to SC and BPL families. | 160 | 0 | 0.2 | 0.2 |
| 5 | Stipend to college students | Stipends of Rs. 1000 per month to all SC students in a government college in the State for their upliftment and welfare. | 45 | 0 | 0 | 0.1 |
| 6 | Free Bicycles | Provision of free bicycles to SC students in classes IX to XII. | 6 | 0 | 0 | 0 |
| 7 | Scheme for Welfare of Scheduled Castes Families Fisheries Sector | Financial assistance will be provided to the fish farmers, fishermen and fish contractors of notified waters in the State. | 5.6 | 0 | 0 | 0 |
| Total | 638.6 | 0.1 | 0.6 | 0.9 |
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.
I am a finance enthusiast who loves exploring the world of money through my lens. I’ve been dedicated to building systems that work and curating content that helps people learn.
As an insatiable reader and learner, I’ve spent the last two years exploring the world of finance. With my creative mind and curious spirit, I love making complex finance topics easy and fun for everyone to understand. Join me on my journey as we navigate the world of finance together!
As an insatiable reader and learner, I’ve spent the last two years exploring the world of finance. With my creative mind and curious spirit, I love making complex finance topics easy and fun for everyone to understand. Join me on my journey as we navigate the world of finance together!
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