From Ayushman Bharat Yojana to SSY: 6 government schemes that cover health, pensions, and more

To provide health insurance to the underprivileged, the government runs the PM Jan Arogya Yojana, also known as Ayushman Bharat Yojana. This scheme provides health insurance coverage of up to Rs 5 lakh, which can be availed by people from vulnerable sections of society, including elderly individuals aged 70 and above. 

Eligible beneficiaries receive cashless treatment, covering the cost of medicines, treatments, and more.

For young entrepreneurs who wish to start their own businesses but lack financial resources, the Pradhan Mantri Mudra Yojana offers loans without the need for collateral.

The scheme is divided into three categories: Shishu, Kishor, and Tarun, with loan amounts ranging up to Rs 20 lakh. Many banks also offer loans of up to Rs 50,000 without a processing fee.

The Sukanya Samridhi Yojana aims to empower daughters financially. If your daughter is under the age of 10, you can open an account in her name. The scheme allows a minimum deposit of Rs 250 and a maximum of Rs 1.5 lakh annually.

The deposit needs to be made for 15 years, and the scheme matures when the daughter turns 21. With an interest rate of 8.2 per cent, this scheme helps accumulate a significant fund for the daughter’s future.

The Pradhan Mantri Kisan Samman Nidhi Yojana or PM Kisan Yojana provides financial assistance to farmers. Initially, it was limited to small and marginal farmers with landholding up to 2 hectares, but it has now been extended to all farmers owning land in their name. 

Under this scheme, farmers receive Rs 6,000 annually, paid in three installments of Rs 2,000 each, at intervals of four months.

The Atal Pension Yojana is designed for non-taxpayers, offering a monthly pension ranging from Rs 1,000 to Rs 5,000 in old age, depending on contributions. Individuals between the ages of 18 and 40 can invest in the scheme. The pension begins once the individual turns 60.

For low-income individuals who may struggle to afford term insurance, the Pradhan Mantri Jeevan Jyoti Bima Yojana offers an affordable term insurance plan. This scheme provides financial assistance of up to Rs 2 lakh to the policyholder's family in the event of the policyholder’s death. 

The annual premium is just Rs 436, which translates to a monthly premium of only Rs 36.3, making it accessible for the economically disadvantaged.