Government schemes are one of the most important topics that are covered in the sections of banking and financial literacy in various banking recruitment exams, such as SBI PO, IBPS PO, IBPS Clerk, RBI Assistant, and others. These schemes are discussed not only in the prelims but also in the mains examination. Various welfare schemes, financial inclusion schemes, insurance schemes, and developmental schemes are part of such government schemes. Government schemes in terms of rural development, social welfare, economic development, and digital development are included in all these schemes. Hence, in order to excel in the general awareness section, the knowledge of the important schemes must be known to the candidate.
In this article, we have outlined the top government schemes important for bank exams.
Understanding top government schemes like PMJDY, MUDRA, and Atal Pension Yojana is essential for scoring well in banking awareness. Join a reputed Bank coaching in Uttam Nagar. They will help you to prepare for these topics effectively for competitive exams.
Join a trusted Uttam Nagar SSC coaching centre. They will help you to prepare these important topics effectively for the General Awareness section.
In this article, we have outlined the top government schemes important for bank exams.
Understanding top government schemes like PMJDY, MUDRA, and Atal Pension Yojana is essential for scoring well in banking awareness. Join a reputed Bank coaching in Uttam Nagar. They will help you to prepare for these topics effectively for competitive exams.
Top government schemes important for bank exams
Here are the top government schemes given below that are important for bank exams:Pradhan Mantri Jan Dhan Yojana (PMJDY)
The most important step taken by the Indian government towards financial inclusion is known as Pradhan Mantri Jan Dhan Yojana. The first aim of this scheme is to ensure that every household in the country gets financial services. The various types of financial services available through PMJDY include debit cards, insurance coverage, and direct benefit transfers. Moreover, people are able to avail a zero balance account facility through this scheme in both urban and rural areas.Pradhan Mantri Mudra Yojana (PMMY)
Pradhan Mantri Mudra Yojana aims at supporting entrepreneurs as well as small-scale industries financially. Under this scheme, funds are provided to non-agricultural and non-corporate small-scale industries by financial institutions such as banks. According to the amount borrowed and stage of development, this scheme is categorized into three schemes: Tarun, Kishor, and Shishu.Stand-Up India scheme
Women and people belonging to the scheduled castes and the scheduled tribes can be provided with incentives to establish their own businesses under the Stand-Up India scheme. The scheme provides bank loans for setting up greenfield projects in the sectors of commerce, manufacturing, and services.Atal pension yojana(APY)
Atal Pension Yojana is a scheme of social security designed for workers in the unorganized sector. The scheme provides fixed pensions after the individual reaches the age of sixty, which will be based on the contributions made by the participant during the plan duration.Pradhan Mantri Jeevan Bima Yojana(PMJJBY)
There is a plan of insurance known as the Pradhan Mantri Jeevan Jyoti Bima Yojana, which offers individuals affordable insurance. In case the individual dies, then the program will give some compensation to the nominee. Due to its social security features, it is an important program that is frequently mentioned in banking knowledge exams.Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Pradhan Mantri Suraksha Bima Yojana is a scheme that provides insurance against accidental deaths and disabilities. This scheme’s aim is to provide insurance coverage among the poor sections of society, and the rate of insurance provided under the scheme is very low.Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is the name of the savings scheme that was launched to help girls in terms of education and development. This scheme can be opened for girls within a certain age group, and money needs to be saved in a recurring manner for their marriages and studies in the future.PM Kisan Samman Nidhi Yojana
There is a savings scheme known as the Sukanya Samriddhi Yojana that has been created to promote the education and welfare of women. This scheme enables one to open an account for a girl child below a certain age and save money regularly to meet her marriage and educational expenses in the future.Digital India mission
The purpose of the important initiative called Digital India is to make India a technological, knowledge-based economy and society. The objective of this initiative is to foster growth in the internet, digital payment, digital infrastructure, and digital governance. This initiative often finds relevance in the context of digital banking in bank exams.Join a trusted Uttam Nagar SSC coaching centre. They will help you to prepare these important topics effectively for the General Awareness section.