In this scheme, the government gives loans to increase traditional skills. A loan of Rs 3 lakh is given in this scheme. Only 18 traders get the benefit of this scheme.

Terms and conditions of the scheme

• Only Indian citizens can apply for the scheme.
• Loan will be available only on one of the 18 works decided by the government.
• The age of the applicant for the scheme should be 18 to 50 years.
• Applicant must have skill certificate from a recognized institute.
• The benefit of the scheme will be available only to those applicants who belong to any one of the 140 castes.

Objective of PM Vishwakarma Scheme

This scheme was started with the aim of developing traditional skills. The benefit of this scheme is available to artisans having traditional skills like goldsmith, blacksmith, barber etc.

Through this scheme, on one hand, it provides financial help in starting a new business and on the other hand, it provides financial help to artisans and craftsmen.

In this scheme, loan is given in two phases. In the first phase, a loan of Rs 1 lakh is given and in the second phase, a loan of Rs 2 lakh is given. The beneficiary has to pay interest at the rate of 5 percent on the loan.

Under PM Vishwakarma Yojana, training is also given to the beneficiaries along with the loan. Along with training, a stipend of Rs 500 per day is given. Apart from this, Vishwakarma certificate is also given on completion of training.

The government provides an amount of Rs 15,000 as a toolkit.

They will get loan

• carpenter
• boat builders
• Blacksmith
• locksmith
• Goldsmith, pottery maker (potter)
• sculptor
• Raj Mistri
• fish trappers
• tool kit manufacturer
• stone breakers
• cobbler/shoe artisan
• basket/mat/broom makers
• Doll and other toy manufacturers (traditional)
• Barber
• garland makers
• Washerman
• Tailor

How to apply

• You have to go to pmvishwakarma.gov.in.
• Now click on Apply Online.
• After this register.
• Now a message will come on the registered mobile number regarding the registration number and password.
• After this fill the application form.
• After filling the form, scan and upload the document.
• Submit after checking all the information.

Necessary documents

• Aadhaar Card (Aadhaar Certificate)
• income certificate
• id proof
• caste certificate
• bank passbook
• mobile number
• Address proof
• passport size photo

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Moneycontrol has seen a copy of this mail sent to customers. In the mail, it has been said from the bank that non-personal usage of your credit card has been seen. The bank has also mentioned the names of some merchants. The bank has said that as per the policies, the credit card can be used only for personal expenses. All other uses including business and commercial are prohibited under the Axis Bank Card Member Agreement. According to the mail, the bank has found that users are using the card for unauthorized expenses to earn reward points.

Using personal credit for business expenses is against the terms and conditions

Tejas Ghongadi, co-founder of The Points Code, said that using personal credit for business expenses is against the terms and conditions. Axis Bank seems to have sent this mail to users who have used a particular payment gateway. Such gateway is used for business payment.

The right step for the sustainability of the rewards program

Ankur Mittal, co-founder and CTO of Card Insider, said that the bank’s decision to stop the redemption of reward points for some users is the right step for the sustainability of the rewards program. He said that Axis Bank has tried to ensure that genuine users continue to get the benefits of rewards while restricting business spends on personal cards.

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Sukanya Samriddhi Yojana is a scheme to secure the future of daughters, which is run by the Government of India. In this scheme, an account is opened in the name of girls up to the age of 10 years. Deposits have to be made in the scheme for 15 years. But this scheme matures after 21 years. From Rs 250 to Rs 15,0000 can be deposited annually in Sukanya Samriddhi Yojana. The benefit of compounding interest is available in this scheme and the interest is calculated on an annual basis.

At present, interest is being received on this scheme at the rate of 8 percent. If investment is made in this scheme in time, then a lot of money can be added till the daughter grows up. But 21 years is too much time. Suppose a person needs money before 21 years after starting the scheme, then what are the rules for premature withdrawal? Know about it here.

Withdrawal Rules

Withdrawal facility is available from the account after the daughter’s 10th standard or after she turns 18. In this case, you can withdraw up to 50% of the total balance of the previous financial year. If you are withdrawing the amount for the higher studies of the daughter, then you will have to give proof for higher studies. Apart from this, money can be received in lump sum or in installments. You will get money only once in a year and can take money in installments for a maximum of five years.

Premature closure can be done in these situations

1. If the girl dies before the maturity of her scheme, then her parents get the money invested in this scheme along with interest. However, for this the death certificate of the girl has to be submitted.

2. If the girl who has Sukanya Samriddhi account in her name has a serious illness and needs money for treatment, you can close the account prematurely. But for this you may have to provide proof related to the illness and treatment of the daughter. But this facility is available after 5 years.

3. If the girl child in whose name the Sukanya Samriddhi account has been opened, her parents or legal guardians die before the account matures, then the account can be closed midway.

4. Your account is considered closed even if you give up your Indian citizenship. In this case, all the money is returned by adding interest. But if you have settled in some other country, but have not given up the citizenship of India, then this account can be continued till maturity.

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After retirement, your accumulated capital is the biggest support. But suppose that suddenly a situation arises in which your accumulated capital is also spent and you need more money, then what will you do? Even in such a situation, you do not need to worry. Such a loan scheme is run by the State Bank of India, through which even the elderly can avail the loan facility from the bank.

After retirement, if you have to build a house, there is any need related to daughter’s marriage or treatment and money is not being arranged from anywhere, then you can take advantage of the State Bank of India Pension Loan Scheme. can take. SBI provides loan facility to pension holders under this scheme. But the amount you will get from the bank as a loan depends on your pension. Let us tell you about this loan scheme of SBI for pensioners.

These are the terms and conditions of the loan

• This loan given to pensioners is just like a personal loan. To take this, it is necessary that the pension payment order of the borrower should be with the State Bank of India.
• To apply for pension loan from SBI, the age of the pensioner should be less than 76 years.
• The pensioner will have to give an undertaking that during the period of the loan, he will not amend his mandate to the treasury.
• Treasury will have to give in writing that till the No Objection Certificate is issued from the bank, 
• The Treasury will not accept any request by the pensioner for transfer of pension payment to any other bank.
• The repayment period of the loan is 72 months, which must be repaid till the age of 78 years.

Features of Pension Loan 

The specialty of pension loan is that the processing fee is very less in this. The process of getting the loan is very quick and there is no need to submit too many documents. The interest rates charged on pension loans are also usually lower than personal loan interest rates. There are no hidden charges in this. Pensioners get EMI option to repay the loan. You can apply for pension loan in any branch of SBI.

Other information related to loan will be found here

If you want to get other information related to SBI loan, then you can visit the official website of SBI https://sbi.co.in/ . Apart from this, you can get information related to this by dialing toll free number 1800-11-2211. Along with this, you can also apply for pension loan from this number. Give a missed call to 7208933142 or SMS ‘PERSONAL’ to 7208933145 to get a call back from SBI’s Contact Centre.

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If you are a working person coming under EPFO, then you can get money for many important works. Similarly, if you want to build your house but money is falling short, then EPFO ​​can also give you money to build a house.

Member should be active in EPFO ​​for 5 years

Under the rules of EPFO, if you have land available to build a house, then you can easily get advance money for building a house. However, there are certain terms and conditions for availing advance money from EPFO ​​for building a house. If you are an active member of EPFO ​​for 5 years and have more than Rs 1,000 in employee contribution including interest in your account, then you can get advance money for building a house.

What is the maximum amount one can get to build a house

The advance amount received for building a house has been divided according to 3 different circumstances. This amount received as advance depends on the amount deposited in your EPF account, your salary and the amount spent on building your house.
First- What is the total amount deposited in your EPF including interest. Second – your total salary of 36 months including dearness allowance and third – the total cost of building the house. Whichever amount is the least among these three, you will get that much money as advance.

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At the same time, the government is also paying special attention to the people engaged in small business. For this, the Modi government is running schemes one after the other. One such scheme is PM Swanidhi Yojana . Under this scheme, the central government is providing loans up to Rs 50,000 without interest rate to the street vendors to start their work and expand their work.

The special thing about this scheme is that, for this you do not need any document. The government has started this scheme especially for street vendors. Also, after repaying the loan once, the beneficiary can get the double amount as loan for the second time without interest rate (PM Svanidhi Loan Status). The loan amount taken under this scheme can be repaid during a period of one year. Apart from this, the beneficiary can also pay the loan repayment in monthly installments.

Let us tell you that the central government is giving huge subsidy to the beneficiaries on this loan. Along with this, cashback is also being given to the borrowers. During the cabinet meeting chaired by Prime Minister Narendra Modi, the validity of this scheme has been extended from March 2022 to December 2024. The objective of this scheme is to remove the economic problems faced by the street vendors and to make them self-reliant. Also, they have to be encouraged for digital payments.

What is PM Swanidhi Yojana

PM Swanidhi Yojana This is a government scheme. Its purpose is to provide financial assistance to the people engaged in cottage industry and to increase the business of street vendors and street vendors and to eliminate the economic problems facing their business. Under this scheme, the central government is giving a loan of 50 thousand rupees without interest rate.

At the same time, after repaying this amount in one year, the borrower can take double the amount as loan. Also, you will not need any guarantor to take advantage of this scheme. Needy people can take advantage of this scheme till December 2024. However, keep in mind that only one person from a family can take advantage of the PM Swanidhi scheme.

What are the terms and conditions of PM Swanidhi Yojana

• It is necessary for the applicant to be a native of India.
• Street vendors will be eligible for this scheme.
• Those whose business has been affected due to the Corona epidemic can take advantage of this scheme.
• Those who set up roadside stationery shops and small artisans can apply for this scheme.
• No guarantor will be required to take advantage of this scheme.
• Beneficiary can deposit the loan together and in the form of installment.

Required documents

• Aadhar card
• Voter ID Card
• Ration card
• Photocopy of passbook
• passport size photograph

How to apply online

• To take advantage of this scheme, first of all one has to visit the official website pmsvanidhi.mohua.gov.in .
• Go to the homepage and click on Apply Loan 10k/Apply Loan 20k/Apply Loan 50k.
• By entering your mobile number here, OTP will be sent to your mobile via SMS.
• After the OTP is verified, the registration form will appear.
• After that take out its print out.
• After this, fill the form completely, scan and upload all the necessary documents.
• Submit all the necessary documents including the form by visiting the self-funding centers set by the central government.
• After verification, the loan amount under Swanidhi Yojana will be credited to your bank account.
• Keep in mind that you do not have to pay any kind of fee for this.
• In such a situation, do not become a victim of fraud by being misled by someone.

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You must have often heard about unemployment allowance that the government provides assistance to educated unemployed youth to provide financial help. But is unemployment allowance available to all those who have lost their jobs and those who do not work?

Actually there are some terms and conditions regarding unemployment allowance. First of all, unemployment allowance is given to those youths who are unemployed even after reading and writing, or have lost their jobs due to some reason in which they were not at fault.

There is no such special scheme in the country regarding unemployment allowance, whose provisions are applicable in every state. However, local governments in various states run special schemes to encourage and provide financial assistance to unemployed youth.

Who gets unemployment allowance?

When circumstances arise such as closure of factories due to any crisis or layoff of employees from the company, then 50% of his daily average income is paid to the labor as unemployment allowance for one year in the form of unemployment allowance to the affected workers. Is. During this free medical care is also provided to the beneficiaries and their dependents.

Since every state has a different scheme regarding unemployment allowance. In some states, the government also provides financial help to the youth who do not get jobs despite educated unemployment.

Schemes regarding unemployment allowance in UP-Bihar

For the unemployed youth in Uttar Pradesh, the state government has come up with such a scheme in which 1000 to 1500 rupees are given as financial help. However, the benefit of this scheme is available only to the residents of Uttar Pradesh. Actually, the main objective of this scheme is to provide financial assistance to the unemployed youth of the state.

There is a condition that the benefit of this scheme can be taken by the students who have completed their studies and due to some reason they have not got the job yet. The age of the applicant applying for unemployment allowance should be between 21 to 35 years. The total income of the family should not exceed Rs.03 lakh per annum.

Apart from UP, unemployed youth in Bihar also get unemployment allowance as financial assistance. But the first condition is that the applicant’s family should be 3 lakhs or less. Secondly, the age of the candidate should be between 21 years to 35 years to apply.

Mandatory conditions regarding unemployment allowance

Every state has its own schemes for unemployment allowance and there are conditions related to it, about which information related to them is available on the respective departments and websites of the state. However, every state has some general terms and conditions for eligibility for unemployment allowance. According to them…

• It is mandatory for the applicant to be a permanent resident of the state.
• The age of the applicant should be 21 to 35 years.
• The family income should not exceed Rs.03 lakh per annum.
• Applicant should not be employed in any kind of job/job.

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Along with this, there is a total deduction of 12 percent from the salary of the employee under this deduction. The same amount is deposited in the employee’s EPF account by the employer company or organization. 3.67 percent of this deduction is deposited in your EPF account, while 8.33 percent of the deduction is deposited in the Employees’ Pension Scheme. The maximum amount that can be deposited in the EPS account every month is Rs 1,250.

when will you get pension

The first condition for getting pension is that you should be a member of EPFO. For this, it is mandatory for you to work for at least 10 years. After the death of the employee, the pension will be given to the family members. You must be 58 years old for pension. Although you can start withdrawing money from EPS at the age of 50, but that pension will be less. For this you have to fill Form 10D. Apart from this, you can also defer your pension for two years till the age of 60 years, after which you will continue to get pension at an additional rate of 4 percent every year.

Conditions for Pension

The benefit of pension can be available only to those people who have joined EPS i.e. Employees Pension Scheme 1995 on or before 16 November 1995. Apart from this, it is very important for the employee to contribute in the EPS account for at least 10 years. This contribution can be made on behalf of the employee under one employer or more than one employer. In which there is no two opinions.

How much contribution is deposited in EPS account

As per the rules, a part of the contribution made in the EPF account is deposited in the EPS account. This contribution is made according to the pay scale of Rs 6500 and Rs 15000 per month. If you have joined this scheme before 1st September 2014 then you will have to contribute according to the salary of Rs.6500 per month, whereas if you have joined this scheme after that then you will have to contribute on the salary of Rs.15000 per month.

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