The government launched Pradhan Mantri Garib Kalyan Yojana (PMGKY) in 2016. It came into force as part of the Taxation Laws Act 2016 (second amendment).
Earlier the main purpose of the scheme was to check that tax evaders revealed the money which was not in accounts. It was decided to utilize the deposited black money for the welfare of the poor people. The duration of the scheme was from December 2016 to March 2017.
However, in 2020, the PM Garib Kalyan Yojna scheme was extended. This time it included the relief package of Rs 1.70 lakh crore for supporting the poor during the pandemic. The announcement was made by the Union Finance Minister, Smt Nirmala Sitharaman, shortly after the lockdown was implied.
The scheme also provided medical insurance coverage of Rs.50 lakh per person to around 20 lakh COVID-19 warriors.
The benefits of Pradhan Mantri Garib Kalyan Yojana (PMGKY) are in below two ways:
Let us discuss this in detail.
The finance minister announced certain specific measures in this plan:
What kind of cover does the scheme provide?
It covers an accidental death because of COVID-19 duty and death due to COVID-19.
Do individuals need to enroll in the scheme?
No, individuals do not need to enroll in the scheme.
What is the age limit for health workers under this scheme?
There is no age limit for them.
Are expenses incurred due to quarantine or treatment covered under the scheme?
No, such expenses are not covered under this scheme.
PM Garib Kalyan Yojana (PMGKY) has proved beneficial in uplifting the weaker section and improving its financial status. It is the most detailed poverty alleviation program in India with useful features. The government modifying positive changes in the scheme will help the poor on a larger scale. The results are also visible, and various sections of the society are tasting its benefits.
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