{"id":9466,"date":"2022-07-22T10:16:05","date_gmt":"2022-07-22T04:46:05","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=9466"},"modified":"2022-07-22T10:16:07","modified_gmt":"2022-07-22T04:46:07","slug":"financial-schemes-and-subsidies-by-the-government-of-india-for-2022-rbi-notification","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/financial-schemes-and-subsidies-by-the-government-of-india-for-2022-rbi-notification\/","title":{"rendered":"Financial Schemes and Subsidies by the Government of India for 2022 (RBI Notification)"},"content":{"rendered":"\n

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. <\/p>\n\n\n\n

In this article, let us check a few financial schemes offered by each state government of India in their respective states. <\/p>\n\n\n\n

Financial Schemes and Subsidies in India 2022-2023 – By State\u00a0<\/strong><\/h2>\n\n\n\n

Here\u2019s 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.\u00a0<\/p>\n\n\n\n

S. No.<\/strong><\/td>Scheme<\/strong><\/td>Description<\/strong><\/td>Allocation for 2022-23 (BE)
(Rs. in cr.)<\/strong><\/td>		GSDP (in %)<\/strong><\/td>Revenue Receipts (in %)<\/strong><\/td>Own Tax Revenue (in %)<\/strong><\/td><\/tr>
ANDHRA PRADESH<\/strong><\/td><\/tr>
1<\/td>Jagananna Ammavodi<\/td>Financial assistance of Rs. 15000 to the students\u2019 mother to encourage parents to send children to school<\/td>6,500<\/td>0.5<\/td>3.4<\/td>7.1<\/td><\/tr>
2<\/td>YSR Aasra<\/td>Reimbursement of the outstanding bank loans of SHGs as on 11.04.2019<\/td>6,400<\/td>0.5<\/td>3.3<\/td>7<\/td><\/tr>
3<\/td>Electricity Subsidy<\/td>Free power supply\/ concessional power supply\/ cash transfer for electricity for agriculture\/ to horticulture farmers\/aquaculture farmers.<\/td>5000<\/td>0.4<\/td>2.6<\/td>5.5<\/td><\/tr>
4<\/td>YSR Cheyutha<\/td>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.<\/td>4,236<\/td>0.3<\/td>2.2<\/td>4.7<\/td><\/tr>
5<\/td>YSR Rythu Bharosa<\/td>Financial assistance of Rs. 7500 per farmer family including tenants and Rs. 13,500 to landless cultivators belonging to SC, ST, BC, Minorities.<\/td>3,900<\/td>0.3<\/td>2<\/td>4.3<\/td><\/tr>
6<\/td>YSR Sunna Vaddi Panta Runalu<\/td>Subsidy on interest for crop loans up to Rs. 1,00,000 to the farmers.<\/td>500<\/td>0<\/td>0.3<\/td>0.5<\/td><\/tr>
7<\/td>Dr YSR Aarogya Aasara<\/td>Financial assistance of Rs. 225 per day as postoperative sustenance allowance to patients for the postoperative recovery period<\/td>300<\/td>0<\/td>0.2<\/td>0.3<\/td><\/tr>
8<\/td>YSR Vahana Mitra<\/td>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.<\/td>260<\/td>0<\/td>0.1<\/td>0.3<\/td><\/tr>
9<\/td>Financial support to religious person<\/td>Salary and remuneration fund to Archakas and other employees<\/td>120<\/td>0<\/td>0.1<\/td>0.1<\/td><\/tr>
10<\/td>Financial support to religious person<\/td>Incentives to Imams and Mouzans<\/td>126<\/td>0<\/td>0.1<\/td>0.1<\/td><\/tr>
10<\/td>YSR Nethanna Nestham<\/td>Financial assistance of Rs. 24,000 per annum to every handloom owning weaver family to modernise equipment.<\/td>199<\/td>0<\/td>0.1<\/td>0.2<\/td><\/tr>
Total<\/td><\/td><\/td>27,541<\/td>2.1<\/td>14.4<\/td>30.3<\/td><\/tr>
BIHAR<\/strong><\/td><\/tr>
1<\/td>Sashakt Mahila, Saksham Mahila<\/td>Cash incentives to female students<\/a> for completing senior secondary and graduation<\/td>900<\/td>0.1<\/td>0.5<\/td>2.2<\/td><\/tr>
2<\/td>Mukhya Mantri Balika
Cycle Yojana<\/td>		Financial assistance of Rs. 3000 per female student<\/td>200<\/td>0<\/td>0.1<\/td>0.5<\/td><\/tr>
Total<\/td><\/td><\/td>1,100<\/td>0.1<\/td>0.6<\/td>2.7<\/td><\/tr>
JHARKHAND<\/strong><\/td><\/tr>
1<\/td>Electricity subsidy<\/td>Free electricity up to 100 units to farmers and poor<\/td>4,855<\/td>1.2<\/td>5.8<\/td>19.5<\/td><\/tr>
2<\/td>Electricity subsidy<\/td>Tariff subsidy to the consumers<\/td>1,800<\/td>0.4<\/td>2.2<\/td>7.2<\/td><\/tr>
3<\/td>Guruji Credit Card Scheme<\/td>Soft loan up to Rs. 10 lakhs at a low-interest rate without a mortgage to a student for pursuing higher education.<\/td>–<\/td>–<\/td>–<\/td>–<\/td><\/tr>
Total<\/td><\/td><\/td>6,655<\/td>1.7<\/td>8<\/td>26.7<\/td><\/tr>
KERALA<\/strong><\/td><\/tr>
1<\/td>Interest subsidy<\/td>On prompt repayment of agricultural loans taken from co-operative institutions<\/td>50<\/td>0<\/td>0<\/td>0.1<\/td><\/tr>
Total<\/td><\/td><\/td>50<\/td>0<\/td>0<\/td>0.1<\/td><\/tr>
MADHYA PRADESH<\/strong><\/td><\/tr>
1<\/td>Electricity subsidy<\/td>To farmers and domestic users<\/td>21,000<\/td>1.6<\/td>10.8<\/td>28.8<\/td><\/tr>
Total<\/td><\/td><\/td>21,000<\/td>1.6<\/td>10.8<\/td>28.8<\/td><\/tr>
PUNJAB<\/strong><\/td><\/tr>
1<\/td>Electricity Subsidy<\/td>Free electricity up to 300 units to every household<\/td>5,000<\/td>0.8<\/td>5.2<\/td>13.4<\/td><\/tr>
2<\/td>Waiver<\/td>Waive off pending electricity bills.<\/td>–<\/td>–<\/td>–<\/td>–<\/td><\/tr>
3<\/td>Financial Assistance to Women<\/td>Financial assistance of Rs. 1000 to every adult woman for female empowerment<\/td>12,000<\/td>1.9<\/td>12.6<\/td>32.1<\/td><\/tr>
Total<\/td><\/td><\/td>17,000<\/td>2.7<\/td>17.8<\/td>45.4<\/td><\/tr>
RAJASTHAN<\/strong><\/td><\/tr>
1<\/td>Electricity subsidy<\/td>Free electricity up to 50 units for those consuming less than 100 units and concessional rates for higher consumption slab<\/td>4500<\/td>0.3<\/td>2.1<\/td>4.6<\/td><\/tr>
2<\/td>Mukhya Mantri Digital Seva Yojana<\/td>Provision of free smartphones to the lady heads of the Chiranjeevi families for 3 years<\/td>2500<\/td>0.2<\/td>1.2<\/td>2.5<\/td><\/tr>
3<\/td>Waivers<\/td>Farm loan waivers<\/td>1,000<\/td>0.1<\/td>0.5<\/td>1<\/td><\/tr>
4<\/td>Indira Gandhi Matritave Poshan Yojana<\/td>Financial assistance of Rs. 6000 on birth of second child to pregnant women<\/td>210<\/td>0<\/td>0.1<\/td>0.2<\/td><\/tr>
5<\/td>Mukhya Mantri Divyang Scooty Yojana Scheme, Kali Bal Bheel and Devnarayan Yojana<\/td>Provision of free scooties to students<\/td>170<\/td>0<\/td>0.1<\/td>0.2<\/td><\/tr>
6<\/td>Rajasthan Krishi Shramik Sambal Mission<\/td>Financial assistance of Rs. 5000 to landless farmers to purchase agricultural equipment<\/td>100<\/td>0<\/td>0<\/td>0.1<\/td><\/tr>
7<\/td>Byaj Maafi Yojana<\/td>Waiver of mandi charges<\/td><\/td><\/td><\/td><\/td><\/tr>
Total<\/td><\/td><\/td>8,480<\/td>0.6<\/td>3.9<\/td>8.6<\/td><\/tr>
WEST BENGAL<\/strong><\/td><\/tr>
1<\/td>Lakshmi Bhandar<\/td>Financial assistance of Rs. 1000 to every SC\/ST woman and Rs. 500 to every other woman for their financial empowerment<\/td>10,767<\/td>0.6<\/td>5.4<\/td>13.6<\/td><\/tr>
2<\/td>Krishak Bondhu<\/td>One Time Grant to the Family of Deceased Farmer under Krishak Bondhu<\/td>500<\/td>0<\/td>0.3<\/td>0.6<\/td><\/tr>
3<\/td>Krishak Bondhu<\/td>Financial assistance of Rs. 10,000 to all farmers for agricultural purposes<\/td>4,994<\/td>0.3<\/td>2.5<\/td>6.3<\/td><\/tr>
4<\/td>Kanyashree Prakalpa<\/td>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.<\/td>1866.2<\/td>0.1<\/td>0.9<\/td>2.4<\/td><\/tr>
5<\/td>Rupashree Prakalpa<\/td>Financial assistance of Rs. 25000 per indigent woman for the purpose of marriage<\/td>750<\/td>0<\/td>0.4<\/td>0.9<\/td><\/tr>
Total<\/td><\/td><\/td>18,877<\/td>1.1<\/td>9.5<\/td>23.8<\/td><\/tr>
HARYANA<\/strong><\/td><\/tr>
1<\/td>Monthly stipend to SC\/ BPL\/BC students<\/td>Monetary incentive to improve the educational avenues of the students and enhance their admission and retention.<\/td>242<\/td>0<\/td>0.2<\/td>0.3<\/td><\/tr>
3<\/td>Mukhjya Manti Vivha Shagun Yojana<\/td>Financial assistance to poor families, widows, destitute women, and sportspersons for the marriage of their daughters.<\/td>180<\/td>0<\/td>0.2<\/td>0.2<\/td><\/tr>
4<\/td>Aapki Beti, Humari Beti (Ladli) Scheme<\/td>Financial assistance of Rs. 21,000 on the birth of first and second girl child<\/a> to SC and BPL families.<\/td>160<\/td>0<\/td>0.2<\/td>0.2<\/td><\/tr>
5<\/td>Stipend to college students<\/td>Stipends of Rs. 1000 per month to all SC students in a government college in the State for their upliftment and welfare.<\/td>45<\/td>0<\/td>0<\/td>0.1<\/td><\/tr>
6<\/td>Free Bicycles<\/td>Provision of free bicycles to SC students in classes IX to XII.<\/td>6<\/td>0<\/td>0<\/td>0<\/td><\/tr>
7<\/td>Scheme for Welfare of Scheduled Castes Families Fisheries Sector<\/td>Financial assistance will be provided to the fish farmers, fishermen and fish contractors of notified waters in the State.<\/td>5.6<\/td>0<\/td>0<\/td>0<\/td><\/tr>
Total<\/td><\/td><\/td>638.6<\/td>0.1<\/td>0.6<\/td>0.9<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Note: Data for Punjab pertains to 2021-22 while for the other states it pertains to 2022-23 (BE).<\/em><\/p>\n\n\n\n

Apart from these, there are several financial savings schemes<\/a> 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.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Over the years, the Government of India has introduced several welfare schemes for the citizens. In this article, let us check a few financial schemes offered by each state government of India in their respective states.<\/p>\n","protected":false},"author":90,"featured_media":9536,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[1739,1646],"tags":[],"acf":[],"modified_by":null,"jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/07\/05.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9466"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=9466"}],"version-history":[{"count":7,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9466\/revisions"}],"predecessor-version":[{"id":9537,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9466\/revisions\/9537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/9536"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=9466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=9466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=9466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}