Government Sponsored Schemes (GSS) are one of the most important topics in IIBF Bank Promotion exams. Questions are asked on eligibility, limits, subsidy, premium, and implementation.
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1. Concept of Government Sponsored Schemes
Objective:
- Financial Inclusion
- Social Security
- Employment Generation
- Economic Development
2. Classification of Schemes
| Category | Schemes | Importance |
|---|---|---|
| Financial Inclusion | PMJDY | Very High |
| Social Security | PMSBY, PMJJBY, APY | Very High |
| Employment | PMEGP, MUDRA | Very High |
| Housing | PMAY | High |
3. Pradhan Mantri Jan Dhan Yojana (PMJDY)
- Account Type: Zero balance
- Accident Insurance: ₹2 lakh
- Overdraft: Up to ₹10,000
Overdraft Conditions:
- 6 months satisfactory operation
- One OD per household
4. PMSBY (Accident Insurance)
| Feature | Details |
|---|---|
| Age | 18–70 years |
| Premium | ₹20/year |
| Coverage | ₹2 lakh |
5. PMJJBY (Life Insurance)
| Feature | Details |
|---|---|
| Age | 18–50 years |
| Premium | ₹436/year |
| Coverage | ₹2 lakh |
6. Atal Pension Yojana (APY)
- Age: 18–40 years
- Pension: ₹1,000 to ₹5,000/month
- Contribution: Minimum 20 years
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7. PMEGP (Employment Scheme)
| Category | Urban | Rural |
|---|---|---|
| General | 15% | 25% |
| Special | 25% | 35% |
- Manufacturing Limit: ₹50 lakh
- Service Limit: ₹20 lakh
8. PMAY (Housing Scheme)
| Category | Income | Subsidy |
|---|---|---|
| EWS | Up to ₹3 lakh | 6.5% |
| LIG | ₹3–6 lakh | 6.5% |
| MIG I | ₹6–12 lakh | 4% |
| MIG II | ₹12–18 lakh | 3% |
9. MUDRA Yojana
| Category | Loan Limit |
|---|---|
| Shishu | Up to ₹50,000 |
| Kishore | ₹50,000–₹5 lakh |
| Tarun | ₹5 lakh–₹10 lakh |
10. Summary Table
| Scheme | Key Benefit | Limit |
|---|---|---|
| PMJDY | OD Facility | ₹10,000 |
| PMSBY | Insurance | ₹2 lakh |
| PMJJBY | Life Cover | ₹2 lakh |
| APY | Pension | ₹1k–₹5k |
| PMEGP | Subsidy | 15–35% |
| PMAY | Housing Subsidy | 3–6.5% |
| MUDRA | Business Loan | ₹10 lakh |
11. Exam Strategy
- Remember limits and percentages
- Focus on eligibility criteria
- Practice case-based questions
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12. Study Approach
- Watch video lecture
- Read article thoroughly
- Attempt mock tests
13. Key Exam Insights
- Easy scoring topic (8–12 marks)
- Mostly factual questions
- Repeated patterns in exams
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