Prime Minister Narendra Modi has initiated many schemes for the development of the country and for the welfare of the people. One of them is the Pradhan Mantri Garib Kalyan Yojana. For the benefit of the poor, PM Modi started the scheme on December 16, 2016.
Of course, it is most important for the development of the country that the poor should be removed from the country, unless the poverty is removed from the country, the country will not be developed. Keeping this in mind, the Modi government has started the Pradhan Mantri Garib Kalyan Yojana.
Under which many facilities will be provided to the poor. On the other hand, the main motive for implementing this scheme was to work for the development of the poor through black money collected by the corrupt citizens of the country.
Pradhan Mantri Garib Kalyan Yojana
The scheme was primarily introduced by the government for those who have undeclared assets. Such people can deposit money under the Pradhan Mantri Garib Kalyan Yojana.
Let me tell you that the government had decided to ban the black money before it was banned. In which the notes of old 500 and 1000 rupees were closed. During the blockade, people who had black money had to expose them.
Keeping these in mind, the PM launched this scheme. At the same time, under the Pradhan Mantri Garib Kalyan Yojana, who also had undisclosed income, gave him 50 percent rupees as tax, fines and surcharges and gave him a chance to be clean.
After this the government had amended the Income Tax Act, 1961. According to this new income tax act, the person who wanted to deposit his black money in the bank had to pay 30% as an account tax and 33% additional surcharge, along with a 10% penalty.
In this way, the central government has made provision for the use of funds collected from the outflow of black money for the Pradhan Mantri Garib Kalyan Yojana.
In this way, anyone who has black money has to deposit 30% to deposit his money in the bank and 33% amounts for the PM's poor welfare scheme.
In this way under the Pradhan Mantri Garib Kalyan Yojana, the money is being provided to the poor. The money is being arranged outside the black money available in the country.
In this way, the government decided to ban the black money and highlighted the corruption which resulted in corruption and poor people too.
What is Pradhan Mantri Garib Kalyan Yojana
This scheme started by the Narendra Modi government of the Center, given the workshop to the poor and backward classes of the country, in which poor people can develop their skills in this workshop, and through this scheme launched on December 16, 2016, They will be able to earn so that they will not have any problem in running their livelihood.
The main purpose of this scheme is to put black money deposited by the citizens of the country in the welfare of the poor class of the country and to eliminate the poor from the country.
By implementing the Modi Government's poor welfare scheme, the government had given black money depositors an opportunity to escape the penalty for tax evasion and by March 31, 2017, instructions were given to deposit their black money only to Indian bank accounts.
After the stipulated period, if anyone has confirmation of black money, then there is a provision to take strict action along with fine.
By implementing this scheme, the government gave black money depositors an opportunity to avoid the penalty of tax evasion, and by 31 March 2017, instructions were given to deposit their black money only to the Indian bank accounts.
At the same time, if anybody has black money after the time period determined by the government, then there is provision for strict action against them as well as penalties.
The last chance to deposit money in the bank for those who have blackmail
Under this Pradhan Mantri Garib Kalyan Yojana, the government is giving people the last chance to deposit their money in the bank, who have black money.
Those who have black money, they can deposit tax and surcharges under this scheme and deposit their black money in the bank.
With this, also tell you that anyone who deposits money in this scheme can not withdraw money from that account for the next four years. Also, there will be no interest on that account.
Purpose of the Garib Kalyan Yojana
Pradhan Mantri Garib Kalyan Yojana has been started with the aim of developing the country and eliminating the major problems like poverty from the country. The main objective of this scheme is to bring the people of the poverty class to a higher level.
Simultaneously, under the scheme, assistance will be given to the families of the lower classes. This will not only improve the economic condition of the country but also improve the condition of the poor.
Apart from this, India can be liberated from poverty through this scheme. Prime Minister Narendra Modi launched the Pradhan Mantri Garib Kalyan Yojana primarily to reduce poverty from the country. The objectives of this plan are written below -
- The main objective of the Pradhan Mantri Garib Kalyan Yojana is to eliminate the problem of poverty in the country and work for the poor, weaker sections of society. In addition, through this scheme, the Central Government wants to re-implement all these schemes. The plans that have failed.
- Under the Pradhan Mantri Garib Kalyan Yojana, many Ministers and MPs have to be included, which can lead the country's economy in the right way.
- Under the Pradhan Mantri Garib Kalyan Yojana, the poor of the country have to benefit.
Characteristics of Pradhan Mantri Garib Kalyan Yojana
Pradhan Mantri Garib Kalyan Yojana launched for the development of the poor has many characteristics which are as follows:
- The special point of Pradhan Mantri Garib Kalyan Yojana is that this scheme is a scheme designed for the development of the poor. This will boost the development of the country as well as the rise of the poor. Under this, the government will give different types of workshops to the poor and the common people for free.
- Through the Pradhan Mantri Garib Kalyan Yojana, only the attention of the poor has been taken care of. Under this, Angela has been working on making maximum benefits to the poor, and the economic condition of the backward and the poor people of the society has been brought forward by improving them.
- It is also a special feature of this scheme that the government also includes MPs in the workshop so that the representatives can easily understand the problems of the poor through this workshop to redress their grievances as soon as possible.
- The workshop which was organized for the poor under this scheme was started as a workshop for the workshop. That is, to become part of this workshop, the applicants will have to deposit the fees, only after that they can become part of this workshop.
- It is also a feature of the Pradhan Mantri Garib Kalyan Yojana of the Modi government that any citizen of the country can take advantage of this scheme.
- The special feature of this scheme prepared for the development of the poor is that only those who make black money deposits will be used for the development of the poor.
Benefits of Pradhan Mantri Garib Kalyan Yojana
The Pradhan Mantri Garib Kalyan Yojana, which is being run by the people to overcome the poor, is getting benefits of various facilities, which are as follows:
- The benefit of the Pradhan Mantri Garib Kalyan Yojana started for the benefit of the poor will be given to the citizens coming down from the poverty line and those whose income is low. That is, the financially vulnerable people will be benefitted greatly on this plan.
- This scheme also has the advantage that under this workshop is organized for the poor so that they can get rid of their skills and refine their money.
- Along with this, the special thing is that the poorest people joining this workshop can also tell their problem to the people's representatives such as MPs or MLAs, which can get rid of their problems.
- It is also the biggest benefit of this scheme that even those who come under this scheme have also been given the provision of giving grains in less money so that the people of the poorer section can easily buy grains of their own and their families Can fill the belly
- The biggest benefit of the Pradhan Mantri Garib Kalyan Yojana was that it detected black money and this money was used for the welfare of the poor.
Process of application for depositing black money under Pradhan Mantri Garib Kalyan Yojana
In order to avail the Pradhan Mantri Garib Kalyan Yojana for the poor, first of all, the applicant must first open an account at the branch of any bank's authorized bank. In addition, the applicant has to give his pancard and other details to the bank.
After this, the applicant will have to deposit all his black money in Reserve Bank of India or any government bank in which his bank account is located. After that, the bank will be able to convert that money into the new notes in circulation.
The amount changed in the new notes will be deposited by the bank again and the tax on black money will be deducted as per the provision of the tax.
On the other hand, a special form has been made available to the applicant by the RBI, which will be filled only by people who want to whiten their unclaimed property or black money.
Let the person know that the applicant will have to furnish proof of his declared fund- Form-II. After this, the amount of black money depositor and the amount declared by him will be scrutinized on the basis of the rules laid down by the government. This form will be available easily on the bank's official website.
Under the Documents, Pradhan Mantri Garib Kalyan Yojana
If you want to take advantage of the Pradhan Mantri Garib Kalyan Yojana, then you must have some documents for it. Which documents do you need Let us tell you -
- To apply under the Pradhan Mantri Garib Kalyan Yojana, it is necessary for the applicant to be a citizen of India, every citizen of the country can become part of its workshop.
- Any applicant who wants to take advantage of Pradhan Mantri Garib Kalyan Yojana should have Aadhaar card and identity card and local residence certificate only if they can take advantage of this scheme.
- If a person living in Gaon wants to take advantage of this scheme, then he will have to contact the village panchayat of his village. If a person in the city wants to join this scheme, then at the urban level, the candidate has to contact the municipality for registration.
- Any application which wants to be part of the Pradhan Mantri Garib Kalyan Yojana, to get more information, the official website of the government will have to obtain information.
- Some Terms and Conditions of Pradhan Mantri Garib Kalyan Yojana - Some Terms and Conditions of Pradhan Mantri Garib Kalyan Yojana
In the scheme launched for the welfare of the poor, the government imposes the black money deposited by people who hold undeclared assets in the development of the poor. Under this, money can be deposited only once and there are many other terms and conditions which are written below -
For those who have Black Money
Under the Pradhan Mantri Garib Kalyan Yojana, any person with black money can deposit money under this scheme. Let us tell you that for the money depositor under this scheme, it is a rule that if the person cannot withdraw money from the account for the next four years after depositing the money. In addition, there will be no interest on that account.
Account opened in any Authorized Bank branch
Applicants who want to take advantage of the Prime Minister's Welfare Scheme They have to first open their account at the branch of any Authorized Bank. For which they have to make PAN card and other information available to the bank for their identification.
The RBI provides a special form for this account. That can fill the person who has undisclosed assets.
Only holders of unannounced property can deposit only once
Anyone who has undeclared assets and black money under Pradhan Mantri Garib Kalyan Yojana wants to deposit money. They can deposit money only once, according to the rules of this plan. Such people are not allowed to make money again.
Transfer money cannot be transferred under Prime Minister's Welfare Scheme
Under the rule of this scheme, if a person having black money once deposited the money in his bank account, he cannot transfer money to any other person. If the depositor dies due to unavailability, then the money can be received by the nominee.
No money can be withdrawn for four years, no interest will be available
Under the Prime Minister's Welfare Scheme, anyone who deposits money can not afford these funds for 4 years. At the same time, no interest will be given from the bank during this period.
The amount deposited under this scheme will be the welfare and development of the poor
- Under this scheme, the person having black money will deposit the amount. The welfare and development of the poor will be done by the penalty amount. On the other hand, it will be of benefit under this scheme that if anyone wants to whiten their money, then the government will keep the name of those who declare the money secret.
- On the other hand, if provision of black money was found after the Pradhan Mantri Garib Kalyan Yojana and no information about the source of income, then provision of 25 percent tax penalty has been made.
- Let us tell you that 85 per cent of the money will not be paid in proof of the source of income of the black money, but if there is a raid after this scheme, there is a provision to deposit 60 per cent tax on receipt of black money.
- If there is a raid and acceptance of black money, then in that case, the government will have to pay 90 per cent of the money in tax form.
- In this way, this scheme was started by Prime Minister Narendra Modi for the welfare of the poor and their development. This scheme is a commendable initiative of the Modi Government. Through this scheme, not only has the benefit of the poor, but many poor people have also got rid of their skills and earning money.
Dear Reader, My name is Manisha Dubey Jha. I have been blogging for 3 years and through the Fast Read.in I have been giving important educational content as far as possible to the reader. Hope you like everyone, please share your classmate too. As a literature person, I am very passionate about reading and participating in my thoughts on paper. So what is better than adopting writing as a profession? With over three years of experience in the given area, I am making an online reputation for my clients. If any mistakes or wrong in the article, please suggest us @ [email protected]
Read More.