PM Narendra Modi announced the Pradhan Mantri Garib Kalyan Yojana (PMGKY) in 2016, along with the other provisions of the Taxation Laws (Second Amendment) Act, 2016. It took effect on December 17th, 2016 under the Ministry of Finance. PMGKY is a significant topic for the IAS Exam because it has lately been in the news.
What is PM Garib Kalyan Scheme?
The Pradhan Mantri Garib Kalyan Yojana was launched in 2016 in line with the provisions of the Taxation Laws (Second Amendment) Act, 2016. It was launched by the Indian PM Narendra Modi and came into effect from December 17, 2016.
PM Garib Kalyan Yojana – How to Avail Benefits:-Download PDF Here
To know how to avail benefits under PM Garib Kalyan Yojana, one can visit – https://www.epfindia.gov.in/site_en/covid19.php.
The highlights of this scheme have been mentioned in the table below:
| Name of the scheme | PMGKY |
| Full-Form | Pradhan Mantri Garib Kalyan Yojana |
| Date of launch | 17th December 2016 |
| Government Ministry | Ministry of Finance |
PM Garib Kalyan Yojana (PMJDY):-Download PDF Here
Updates about PM Garib Kalyan Yojana
- Prime Minister Modi in his speech on June 30, 2020 mentioned Prime Minister Garib Kalyan Yojana's extension until the end of November 2020. He also mentioned that in the past 3 months, Rs 31,000 has been deposited into the bank account of 20 crores from the poor. families.
- Over 80 poor people receive free food until November 2020 - 5 kg of wheat/rice and 1 kg of beans per family.
- PMGKY
- expansion will cost Rs 90,000.
- Due to the Covid-19 epidemic in India, the Minister of Finance on March 26, 2020 announced a package of 1.7 lakh crore Gareeb Kalyan to alleviate the loss suffered by the poor due to the coronavirus lockdown.
- Previously, this plan was in effect from December 16, 2016 to March 31, 2017, then extended until June 2020.
- PMGKY provides an opportunity to report wealth secretly. and black money and 'Avoid prosecution after paying 50% penalty on undisclosed income. An additional 25% of undisclosed income invested in the plan can be repaid after four years with no interest.
PM Garib Kalyan Yojana
On June 29, 2020, PMGKY released their most recent statement. On March 26, 2020, the government made a step toward recouping the losses incurred by the epidemic. The country's lockdown due to the Coronavirus is anticipated to cost the Indian economy roughly 9 lakh crores.
Announcements made by the Finance Minister, Nirmala Sitharaman on 26th March 2020 are mentioned below:
- To give insurance coverage of Rs 50 lakhs each COVID-19-affected health professional.
- Under the PM Garib Kalyan Anna Yojana, 80 crore impoverished people would receive free resources of 5 kilogramme wheat or rice and 1 kilogramme of selected pulses over the next three months.
- For the next three months, 20 crore women with Jan Dhan accounts would receive Rs 500 every month.
- The MNREGA payment would be increased to Rs 202 per day, benefiting 13.62 crore households.
- State governments have been instructed to use the Building and Construction Workers Welfare Fund to offer aid to construction workers by the federal government.
To know about other government schemes, refer to the linked page.
Benefits of PM Garib Kalyan Package
To reduce the loss caused by the outbreak of Covid-19 in India, the Finance Minister launched the PM Garib Kalyan Package on March 26th, 2020 for the BPL families.
Some of the benefits provided by the PM Garib Kalyan Package are as follows:
- An Insurance Cover of Rs. 50 Lakh
Under the PM Garib Kalyan Scheme, every health professional in government hospitals and healthcare centres who treats Covid-19 patients would be covered by a Rs. 50 lakh insurance policy if an accident occurs. Safai karamcharis, ward-boys, nurses, ASHA workers, paramedics, technicians, physicians, and specialists are among the health staff. This programme would encompass all government health centres, wellness centres, and hospitals in both the Centers and States. To combat the pandemic, almost 22 lakh health professionals will be covered by insurance.
- Free Pulses for the next 3 months under PM Garib Kalyan Ann Yojana
The Indian government announced that under the PM Garib Kalyan Anna Yojana, 80 crore impoverished individuals will receive free resources of 5 kilogramme wheat or rice and 1 kilogramme of selected pulses for three months. Over the next three months, each of them was given double their current allowance to guarantee that all Covid-19-affected BPL households had enough protein.
- Benefit to farmers
The Government front-loaded Rs. 2,000 paid to farmers in the first week of April under the existing PM Kisan Yojana which will benefit 8.7 crore farmers.
- Free LPG cylinders to the BPL families
On March 26, 2020, India's Finance Minister, Nirmala Sitharaman, said that under the Pradhan Mantri Ujjwala Yojana, BPL (Below Poverty Line) families will receive free cylinders for three months after the announcement (PMUY).
- To help the low wage earners in organized sectors
Wage-earners earning less than Rs. 15,000 per month in enterprises with fewer than 100 employees would also benefit from the PM Garib Kalyan Package. Wage employees who were at risk of losing their jobs were given 24 percent of their monthly pay into their PF accounts for three months from the announcement date, ensuring that their jobs were not disrupted.
Apart from the aforementioned perks, under the PM Garib Kalyan Yojana, MNREGA pay would be enhanced by Rs. 20 with effect from April 1, 2020. The MNREGA salary rise would offer an additional Rs. 2,000 in benefits per year to each worker, benefiting about 13.62 crore families.
PM Garib Kalyan Yojana (PMJDY):-Download PDF Here
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