What are pension funds? Pension funds or retirement funds are saving schemes wherein you invest a small portion of your income in a specific and pension designated fund. The sole objective of this fund is to generate income for you...

Every working professional comes across a provident fund. All provident funds are savings schemes categorised based on their name, which helps create a substantial corpus for post-retirement life. There is EPF, which stands for Employee Provident Fund, while GPF stands...

What is PMAY? The Pradhan Mantri Awas Yojana (PMAY) - Urban is a Credit Linked Subsidy Scheme launched by the Government of India on 25th June 2015. Under this Yojana, the Government ensures housing for all in urban areas. The...

What is Atal Innovation Mission? NITI Aayog's Atal Innovation Mission (AIM) was established in 2016 as the Government of India's flagship program to encourage a culture of innovation and entrepreneurship across the country. To this aim, AIM has taken a...

What is Antyodaya Anna Yojana? Antyodaya Anna Yojana entailed identifying one crore of the poorest of the poor families from among the number of BPL families covered by the TPDS in each state and giving them food grains at a...

What is PMAYG? The development of rural India is equally important for the progress of the nation. Unavailability of resources and poverty has in fact forced people in these areas to live in unhygienic conditions. Enhancing the quality of life...

What is Mahila Samman Savings Certificate? Mahila Samman Saving Certificate (MSSC), a new small savings scheme launched in the Budget 2023 to promote investments among women. MSSC is a single-holder account that can be opened at any Post Office or...

What is the Sankalp Scheme in India? The Ministry of Skill Development's Skill Acquisition and Knowledge Awareness for Livelihood Promotion ("Sankalp") initiative is funded by a World Bank loan. It strives to increase short-term skill training in terms of quality...