PM Garib Kalyan Yojana

How to avail benefits under PM Garib Kalyan Yojana, one can visit –

Various other important government schemes are mentioned below which are a must-read for UPSC aspirants:

PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) SchemePradhan Mantri Kisan Maan Dhan Yojana
PM Fasal Bima YojanaPradhan Mantri Krishi Sinchayee Yojana 

Updates about PM Garib Kalyan Yojana

  • PM Modi in his speech on 30th June 2020 mentioned the extension of the PM Garib Kalyan Yojana till the end of November 2020. He also mentioned that in the last 3 months, Rs. 31,000 crore deposited in bank accounts of 20 crore poor families.
  • Over 80 crore poor people are to be provided free food grains till November 2020 – 5kg of wheat/rice and 1 Kg of pulses per family.
  • The extension of PMGKY  is going to cost Rs.90,000 crore.
  • Due to the outbreak of Covid-19 in India, the Finance Minister, on 26th March 2020, had announced a ₹1.7 lakh crore Gareeb Kalyan package to mitigate the loss faced by the poor due to the coronavirus lockdown.
  • Earlier, the scheme was valid from December 16, 2016, to March 31, 2017, and later was extended till June 2020.
  • The PMGKY provided an opportunity to declare the unaccounted wealth and black money in a confidential manner and avoid prosecution after paying a fine of 50% on the undisclosed income. An additional 25% of the undisclosed income is invested in the scheme which can be refunded after four years, without any interest.

PM Garib Kalyan Yojana – How to Avail Benefits:-Download PDF Here

The highlights of this scheme have been mentioned in the table below:

Name of the schemePMGKY
Full-FormPradhan Mantri Garib Kalyan Yojana
Date of launch17th December 2016
Government MinistryMinistry o

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