Most Important Schemes For RBI Grade B

Department of Economic Affairs

Department of Expenditure

Department of Revenue

Department of Investment and Public

Asset Management

Department of Financial Service

Department of Public Enterprise

By-Ashish Kumar Singh

 1. National Pension Scheme(NPS)

What is NPS?
 It is World’s Lowest Cost Pension Scheme.
 It Provide defined-contribution based pension for retirees and
extend old age security coverage to all citizens.

•For Central Any Indian

1st Government Extended to all
Indian Citizen To Corporate October To Non Resident 2019 Citizen(Reside
January Employees May 2009 2011 nt/NRI/OCI)
2004 on Voluntary Employees 2015 Indians(NRI)
•Not for Basis allowed
Armed Forces

Eligibility
 18 to 70 Years of Age
 Comply with the KYC(Know Your Customer) Norms
 65 to 70 Years of People(Indian(Resident and Non Resident)
and OCI Citizens) can join and continue up to 75 Years of Age
1. National Pension Scheme(NPS)
PFRDA
 Established- 2003
Regulated by
A Permanent
Pension Fund and
 HQ- New Delhi
Retirement Account  Under Ministry of
Regulatory Authority
Number is given
of India Finance

Tier 1 Account
NPS  Avail from 1st May 2009.
 Pension Account having
restriction of withdrawals.
Gives Multiple Tax  Minimum annual Contribution
Benefits to the Two Types of is Rs 1000.
Citizens under Account
Income Tax Act of  Tax Benefits under section 80C
1961 of the Income Tax Act of 1961.
Tier 2 Account
 If Tier 1– Go for Tier 2
 A Voluntary account
 Minimum- Rs 1000 at the time
of opening
 No fixed annual Contribution
1. National Pension Scheme(NPS)

3 Years- Partial 10 Years- Premature

Withdrawal of 25 % for withdrawals or Before 3 Years if
the person has joined the
multiple reasons like scheme after the age of 60- 20
illness , Disability or % Withdrawal.
Marriage of Childrens If Money is less than Rs. 2.5
Lakhs, entire money is given.

NPS Exit

On completion of 60 Years of
age or after completion of 3
Years(If Joined after 60)- 60 %
100 % Money given in case of withdrawal is allowed(Normal
death to the nominee. Withdrawal)
If Money is less than Rs.5Lakhs,
entire money is given.
 2. Atal Pension Yojana(APY)

What is APY?
 A Scheme to provide a defined pension, depending on the
contribution, and its period with focus on all citizens in the
unorganised sector.

Who have a Rs
Minimum How
9 May Launched Open bank account 60
Years
The Age 20 Years
Period of Much
1k/2k/3k/4k/5k
or More depending on
2015 in Kolkata to all Who are Aged Of Age of Exit Contribution Amount
Contribution
between 18-40

In case of death, firstly

spouse and in case of
PFRDA manages the Tax Benefits same as death of the spouse ,
Scheme under NPS nominee to receive
same amount as
pension

Exit before 60, only money 50 % of total

invested by the person contribution or Rs For a period of 5 Years
1K/Year, whichever is to the person who joins
(not the money co- the scheme between
contributed by the less, will be co
government) will be given contributed by the June 2015 to December
to the person. Government of India 2015
 2. Atal Pension Yojana(APY)

 Migration of existing subscribers of Swavalamban

Scheme to APY.

Government of

1k/Year
India will give to
Nation Pension Swavalamban
Opened in
between 2010 to
18-60 Years The Age of Managed PFRDA
Scheme-
Account
2013
of age
Exit- 60 by
Swavalamban

Subscriber has
to contribute
any amount
between 1k to
12k
 3. PMSBY (Pradhan Mantri Suraksha Bima Yojana)

What is PMSBY?
 It is an Accident Insurance Scheme offering accidental death
and disability cover for death or disability on account of an
accident.

Who have a saving In case of death In case of

9 May Launched Open to bank account Year on 1st June to Rs 2 and irrecoverable Rs 1 loss of 1 Eye
Year loss of both eyes, Lakh
2015 in Kolkata all Who are Aged Renew 31st May. Lakh or loss of 1
between 18-70 hands or foot hand of foot

The Scheme ends when

Regulated by Public the person has achieved
Premium of Rs 20 has to
Sector General Insurance the age of 70 or due to
be given
Companies insufficient balance in
the account
 4. PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)
What is PMJJBY?
 Pradhan Mantri Jeevan Jyoti Bima Yojana is a Government-
backed Life insurance scheme in India.

Who have a savings Year on 1st June to In case of Rs Paid by the

9 May Launched Open to bank account Year 2 Lakhs
Renew 31St May death 436 members
2015 in Kolkata all Who are Aged
between 18-50

The Scheme ends when

Members who exit early
General Insurance the person has achieved
can rejoin by submitting
Companies manages the the age of 70 or due to
a declaration of good
Scheme insufficient balance in
health
the account
 5. PMVVY (Pradhan Mantri Vaya Vandana Yojana)
What is PMVVY?
 Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Pension Scheme announced by
the Government of India exclusively for the senior citizens aged 60 years and
above

60 Years with 10 Years with

21ST July Launched in Entry maximum Policy maximum
Min 1k to
2017 Kolkata Age entry age as Term investment of Pension Max 10K/
no limits Rs 15 Lakhs Month

In case of Loan Facility is given

In case of Survival during In case of Death= Maturity= after completion of 3
the policy= Pension is Purchase Price will be
given as decided by the refunded to the Purchasing Price + years. Maximum loan
Final Installment is that can be granted is 75
pensioner beneficiary
% of the purchase price.
given

Note- Scheme extended for 3 years.(31 March 2023)

 6. PMJDY (Pradhan Mantri Jan Dhan Yojana)
What is PMJDY?
 It is a National Mission for Financial Inclusion to ensure access to
 financial services, namely, Banking/ Savings & Deposit
Accounts, Remittance, Credit, Insurance, Pension
 in an affordable manner..

Any
28 Announced
August on 15th Entry
individual
above 10 Exit 60
2014 August 2014
Age years of age Age Years

Accidental No minimum Overdraft facility

Interest on 30k in case of
Insurance cover balance is upto 10k after 6
deposits
of 2 Lakh death required months of use
 7. MUDRA (Micro Units Development & Refinance
Agency Ltd) Bank
What is MUDRA Bank?
 MUDRA, which stands for Micro Units Development & Refinance Agency
Ltd, is a financial institution set up by the Government of India under
Pradhan Mantri Mudra Yojana (PMMY) for development and refinancing
 micro unit enterprises.

Any individual who has

8 April It was a business idea and
Eligibility
2015 launched credit need is less than
1 million

Interest decided by
the banks(under 3 Categories Shishu- upto Kishore- 50k to Tarun- 5 lakhs
overall supervision of loans 50k 5 Lakhs to 10 Lakhs
of RBI)

At state level- State Level

Banker Committee
At National Level- Dept of
Financial Service(Mudra
wing)
3000 Crore
Fund to
invest in
MUDRA
managed by
NCGTC
 8. Stand Up India Scheme

What is Stand Up India Scheme?

 The Stand-up India scheme envisages to facilitate the dreams
of aspiring SC, ST and women entrepreneurs into reality by
supporting their energy and enthusiasm and removing hurdles
from their path.
Provides Rs 10 Lakh to Rs 1
The Scheme The Scheme Manuf. + How Crore to atleast 1-
8 April loan to Sector
Service+ Much
was 2025 is extended Feature Involved SC+ST+Women
2016 Greenfield Amount
launched till 2025 Projects
Agriculture per SCB branch

Non Individual
Age of SC/ST or Women enterprise- majority The beneficiary should
entrepreneurs should shareholding should be not be a defaulter to
be above 18 Years with SC/ST and Women any bank/financial
Entrepreneur institutions

The District Level Loan shall be repayable

committee under the in 7 Years with a
collector shall review moratorium upto 18
the loans months
 CRR/SLR- Short term for
9. Gold Monetisation Scheme (GMS) 995 Fineness Gold CRR and SLR. Stock of
Gold will be counted to
What is GMS? meet the SLR
requirements.
 People having gold= Taken by the Government of India, which
will result in reduction in import of Gold from outside. Jewellers Certified as
CPTC (Collection and
Purity Testing Centres)
The Central Government, in
by BIS
consultation with BIS, NABL,
RBI and IBA, may put in place
appropriate supervisory
mechanism over the CPTCs
GMS
The Scheme
SCB(except Resident Indian Mobilisation,
Mana Min – 10 Gram Authenticity
2015 was
RRB) and all
designated
Eligibility Individuals + Deposit Check By GMCTA collection and
ged by SEBI registered Max- No Limit
launched banks companies testing agents

Metals and Minerals

Trading corporation of
India.

Gold deposited under

MLTGD will be auctioned
by MMTC or any other
agency authorized by the
Central Government
10. Retail Direct Scheme (RDS)
What is RDS?
 A one stop solution to invest in government securities by
opening a Gilt Securities Account – ―Retail Direct
 Gilt (RDG) account with RBI.

Treasury Bill Risk Free+ 0 Can it be

charge under 1 Individual Yes, it can be
G-sec Sovereign + Point
retail direct
No of can open 1 opened opened
Gold Bonds scheme accounts account Jointly jointly
 11. Sovereign Gold Bond (SGB) Scheme
What is SGB?
 SGBs are government securities denominated in grams of gold.
They are substitutes for holding physical gold.
• Bond will be counted in SLR requirement.
• Bonds can be used as a collateral for  Investors have to pay the issue price in cash and the bonds will
loan. be redeemed in cash on maturity. The Bond is issued by
• Joint holding is allowed Reserve Bank on behalf of Government of India.
• Minor can invest
• On maturity, the gold bond is redeemed in form of 8 Year bond with exit 2.5 % / annum fixed rate
INR option after 5th Year payable semi annually

SGB
• HUF= Joint Family
Investors are assured of Minimum 1 grams to
• Hindu Undivided Family (‘HUF’) is
the market value(999 Maximum 4 Kg for
Individuals and HUF.
treated as a ‘person’ under
pure gold value of the last
3 business days) of gold 2O Kg is the limit for section 2(31)[2] of the Income-
at the time of maturity. trusts and similar entities
tax Act, 1961.
12. Psbloansin59minutes.com
What is Psbloanin59minutes?
 It is an online marketplace to cater to various financial
aspirations of individuals and businesses in a simple, quick and
hassle-free way.

 It was launched in 2018

A strategic investment of SIDIBI led PSB

Mudra loan Personal Loan consortium.

Types of
Loans

Home Loan Auto Loan

 13. Emergency Credit Line Guarantee Scheme (ECLGS)
What is ECLGS?
 To help businesses including MSMEs to meet their operational liabilities and
resume businesses after the COVID-19 crisis.
 It aimed to provide Rs 3 lakh crore worth of collateral-free, 100% government-
 guaranteed loans to MSMEs to mitigate the distress caused by the COVID-
induced
 lockdown.
 It was launched on 26.05.2020.
1.0- Collateral Free Loans
upto 20 % of the
outstanding credit upto Rs 2.0 – Launched on
50 Crore as on 29.02.2020 26.11.2020.
4 year loan Tenure with 12 Outstanding credit increased
Month moratorium. to 500 Crore.
Interest rate- 9.25 %
Banks and 14% for NBFC.

ECLGS

4.0- 4.5 Lakh crore needs to

be issued.
3.0- 3 Lakh crore needs to be
40 % or Rs 200 Crore.(Rs 500
issued.
Crore ceiling removed)
40 % of the total outstanding
Civil aviation sector be
amount.
eligible under ECGLS 3.0.
14. Sukanya Samriddhi Account (SSA) Scheme Duration- 21 Years
What is SSA Scheme?
 The Sukanya Samriddhi Account (SSA) Scheme is a small deposit scheme of the
Government of India meant exclusively for a girl child. It was launched by Prime
Minister Narendra Modi as a part of Beti Bachao Beti Padhao campaign.
 It was launched in 2015.

 Minimum deposit- 250 Rupees

 and in multiple of fifty’s
thereafter.
 Maximum Limit- 1.5 Lakhs/Year.
 To ensure that the benefits of the
Scheme reach far and wide,
Sampoorna Sukanya Gram
 Campaign was launched in June
2019.
 In this campaign at least five
villages to be enmarked
Sampoorna Sukanya Village
(Gram).
 It covers opening of Sukanya
Samriddhi Account for all eligible
girl children in that village.
15. Pradhan Mantri Garib Kalyan Ann Yojana(PMGKAY)
What is PMGKAY Yojana?
 A kind of relief package launched by the government of India to help the poor people fight
against COVID 19.
 The package was launched in 2020 with a investment of Rs. 1.70 Lakh Crore.

 The Center has decided to give

food grain free of cost to NFSA
beneficiaries initially for a period
of 1 year.
 Prior to that, under NFSA,
subsidized food grains were
distributed at Rs 3 per kg for rice,
Rs 2 per kg for wheat and at Rs 1
per kg for coarse grains to
beneficiaries. • The National Food Security Act 2013, also known
as Right to Food Act, is an
Indian Act of Parliament which aims to
provide subsidized food grains to approximately
two thirds of the country's 1.4 billion people. It
was signed into law on 12 September
2013, retroactive to 5 July 2013
15. ‘IIPDF Scheme’ (India Infrastructure Project Development Fund
Scheme)
What is IIPDF Scheme?
 Improving the quality and pace of infrastructure development in the country by
encouraging private sector participation in the infrastructure sector by funding the
PPP Projects.
 A Central Sector Scheme.
 It was launched on 3.11.2022.

16. Jan Samarth Portal(JSP)

What is JSP?
Thank You.