Launched by the Government of India, Pradhan Mantri Garib Kalyan Yojana is a scheme where the Government allows individuals to deposit money that is not taxed. Here, the Government mandated for individuals to pay 50% of the untaxed amount. This scheme came into effect in 2016. In the beginning, this scheme was valid from December 2016 to March 2017. Later, the Government extended this PMGKY scheme until June 2020, which was further extended to November 2020.
OVERVIEW OF PRADHAN MANTRI GARIB KALYAN YOJANA
|Name||Pradhan Mantri Garib Kalyan Yojana|
|Also known as||PMGKY|
|Launched on||17 December 2016|
|Launched by||PM Narendra Modi|
|Nodal Ministry||Ministry of Finance|
|Sector||Central sector scheme|
|Fund allocated by||Government of India|
OBJECTIVE AND BENEFITS OF PRADHAN MANTRI GARIB KALYAN YOJANA
Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) is a scheme as part of Atmanirbhar Bharat to supply free food grains to migrants and the poor. More than 81.35 crore people will be provided 5 kg free wheat/rice per person / month along with 1 kg free whole chana to each family per month.
• National Food Security Act, 2013