PMGKY Scheme, The Indian government introduced a welfare program called PM Garib Kalyan Yojana (PMGKY). In times of crisis or emergency, the program offers assistance to the economically disadvantaged segments of society. It seeks to protect the well-being of vulnerable people and families by reducing the financial burden they bear.
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What is Pradhan Mantri Garib Kalyan Yojana (PMGKY)?
A government program called the Pradhan Mantri Garib Kalyan Yojana (PMGKY) was introduced in India. During difficult times, it offers assistance and support to the economically disadvantaged segments of society. By providing a range of social programs and benefits, it seeks to lessen the suffering endured by the impoverished and disadvantaged. Free food grains, cash transfers, insurance, and other necessities are all included in the program. It guarantees the welfare of people in need, especially in emergency situations or unanticipated events.
| An Overview of PM Garib Kalyan Yojana | |
| Scheme | PMGKY |
| Full-Form | PM Garib Kalyan Yojana |
| Date of Launch | 17th December 2016 |
| Concerned Ministry | Ministry of Finance |
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Objectives of PMGKY
In 2016, the Pradhan Mantri Garib Kalyan Yojana (PMGKY) was introduced with the dual goals of promoting economic equality and fighting black money.
- The PMGKY provided tax evaders with a one-time chance to reveal their unreported wealth without incurring any penalties or prosecution in order to accomplish the first goal. The revealed amount would be subject to 49.9% taxation by the government.
- The PMGKY was extended in 2020 in response to the COVID-19 pandemic. The pandemic caused significant harm to the Indian economy, and the government attempted to provide financial assistance to the poor and vulnerable.
Eligibility for PMGKY
The following people are qualified for assistance under the “Pradhan Mantri Garib Kalyan Package (PMGKP)”:
- Every family that is below the poverty line (BPL).
- States/UTs have identified families under the Antyodaya Anna Yojana (AAY) according to standards established by the federal government.
- State Governments and Union Territory Administrations apply standards developed by the States and UTs to define Priority Households (PHH).
Features of PM Garib Kalyan Yojana
The following are some of the scheme’s noteworthy features:
- Under the scheme, almost 80 crore people receive five kilogrammes of free wheat or rice, and each family gets one kilogramme of free whole chana every month.
- According to the Indian Finance Minister’s announcement, the program offers BPL (Below Poverty Line) families free cylinders for three months.
- Each person must pay half of their untaxed income under the PM Garib Kalyan Yojana (PMGKY) program.
- For those living in poverty, the PM Garib Kalyan Yojana (PMGKY) offers job opportunities. To date, a total of Rs 50,000 crore has been invested in this objective.
- For frontline employees, PMGKY offers insurance coverage of Rs 50 lakh.
- The PM Garib Kalyan Yojana (PMGKY) covers up to 22 lakh health professionals.
- Confidential declarations of dark money and undeclared wealth are possible. Undisclosed income may include cash or deposits deposited into a bank, post office, or other financial institution’s account. The plan helps prevent prosecution if the person agrees to pay 50% of the concealed income.
- It is also possible to invest a quarter of the hidden income in the PMGKY program. This will be repaid without interest after four years.
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Advantages of PM Garib Kalyan Yojana
The following are some of the Pradhan Mantri Garib Kalyan Yojana’s main benefits:
- Financial Inclusion: This program ensures that no one is left behind on this path of economic advancement by providing direct financial support to the most impoverished groups.
- Food Security: To improve public health, free food grains given to those in need make sure that no hungry bellies lead to malnutrition, particularly during times of tragedy like the COVID-19 epidemic.
- Measures for Social Security: Because it is insurance and a pension plan, it ensures the future security of the most vulnerable members of society, including migratory workers, farmers, and those who make a living income.
- Rural Economy Boost: Through MGNREGA, the program promotes employment and income generation in rural areas, which strengthens the rural economy.
- Health Benefits: Economically disadvantaged groups can obtain health insurance coverage through the Ayushman Bharat Scheme. More access to necessary healthcare services should be further encouraged by this.
- Empowerment of Women: Financial aid in the form of LPG cylinder subsidies enhances women’s socioeconomic standing in terms of their health and gives them the ability to engage more fully in the economy.
- Socioeconomic Assistance in Emergencies: The program offers rapid support to disadvantaged communities while preserving socioeconomic stability, ranging from direct financial assistance to guaranteed service utilisation in emergency situations like the COVID-19 pandemic.
Issues Concerning PMGKY
The following are some of the main problems linked to PMGKY:
- Ineffective execution: Since there is rarely a consistent pattern of on-time distribution to beneficiaries, the plan’s execution actually encounters delays and inefficiencies due to bureaucratic administration.
- Inadequate Coverage: Despite the program’s broad coverage goals, many individuals question its true reach because it has been reported that many beneficiaries have been excluded for not having the appropriate identification and paperwork.
- Fund Allocation and Utilisation: Some shortcomings in the distribution of enough funds have been documented, and poor management of these funds has resulted in partial coverage of certain plan components, particularly in rural areas.
- Lack of knowledge: Insufficient use of the available resources results from recipients’ ignorance of their rights under the program.
- Corruption and Leaks: The goal of this program is undermined by corruption at all other administrative levels and delivery system leaks that prevent resources from getting to the real recipients.
- Dependency on Digital Infrastructure: Additionally, the scheme’s distribution and monitoring rely on digital platforms, which in many places, particularly rural ones, struggle with poor internet connectivity and low levels of digital literacy.
- Ad hoc Actions: Although it might be successful in offering short-term respite, the Scheme places less emphasis on structural poverty reduction and long-term sustainable development, leading to band-aid rather than long-term repairs.
Government Initiatives Related to PMGKY
The government announced a number of initiatives as part of the extension, including:
- Direct cash transfers to low-income households: Each qualifying household would get a direct cash transfer of Rs. 2,000 from the government.
- Increased funding for the Pradhan Mantri Jan Dhan Yojana: To provide more individuals with access to bank accounts and financial services, the government would raise funding for the Pradhan Mantri Jan Dhan Yojana, a program aimed at financial inclusion.
- Extension of the Mudra Yojana: In order to give small enterprises access to more loans, the government would extend the Mudra Yojana, a microcredit program.
- Business tax advantages: Companies that invest in new equipment or hire more staff would be eligible for tax breaks from the government.
- It was projected that the PMGKY expansion would cost Rs. 1.70 lakh in total.
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Faq’s
Q. What is the plan of PM Garib Kalyan?
Ans: The PM Garib Kalyan Yojana is a welfare program designed to help those in need during difficult times. Through a number of initiatives, including financial transfers and food security, PMGKY guarantees their well-being.
Q. Garib Kalyan Yojana began when?
Ans: To address the issues brought on by the COVID-19 epidemic, the Indian government introduced the PM Garib Kalyan Yojana in April 2020.
Q. Which federal ministry was in charge of carrying out the PM Garib Kalyan Anna Yojana program?
Ans: The PM Garib Kalyan Anna Yojana program is administered by the Ministry of Consumer Affairs, Food, and Public Distribution.
Q. How much does the PM Garib Kalyan Yojana total?
Ans: The total money allotted for the PM Garib Kalyan Yojana fluctuates according to the particular actions taken by the government to help economically disadvantaged groups in times of crisis.
Q. What advantages does Pradhan Mantri Garib Kalyan Yojana offer?
Ans: Pradhan Mantri Garib Kalyan Yojana offers increased food grain distribution, cash transfers, healthcare worker insurance, farmer support, and welfare programs for disadvantaged groups.
Q. Which Pradhan Mantri Garib Kalyan Anna Yojana features are there?
Ans: One of the Pradhan Mantri Garib Kalyan Anna Yojana’s characteristics is the free distribution of extra food grains to qualified recipients. Additionally, it guarantees food security and satisfies the dietary requirements of those who are economically challenged.
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