Different Welfare Schemes in India and Their Objectives

  • October 25, 2023
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For the citizens of India, the government has launched many benefits. But many people are not aware of these schemes and their benefits. These schemes provide training, employment opportunities, relief in interest rates, opening a bank account without any documents and minimum balance, pension, etc. 


The list of benefits is endless, the beneficiary just needs to be aware of these welfare schemes. In this article, we mentioned different schemes of government to make you aware of how the beneficiary can avail advantages.

What are Welfare Schemes in India?

To improve the lives of citizens, the government of India launched various schemes and programmes. The different schemes provide benefits as per the state. For example: the Rashtriya Krishi Vikas Yojana is only provided to the farmers of Andhra Pradesh. Every year in the union budget, the central government sanctioned some portion of the budget for these schemes. Mainly, these schemes have two parts:

  1. Central Sector
  2. Centrally Sponsored Schemes

The states and local governments play an important role in promoting and executing these schemes. In Part IV of the Indian Constitution, it is mentioned that Directive Principles of State Policy reflect India as a ‘welfare state’. In this, the seats are reserved for the Schedule Castes and Schedule Tribes in government jobs, education, etc.

Objectives of Welfare Schemes

There are many schemes launched by the different ministries and the motive of all these schemes is to provide social, financial and economic benefits to the citizens. Below are some objectives of these schemes and these are as follows:

  • Provide social security to people in the form of pensions for old persons and widows, health and life insurance, housing for economically weaker class, maternity, etc.
  • Improve the quality of life and upliftment of the poor.
  • Development of rural and backward areas.
  • Reducing the economic inequality between different sections of society.
  • Empower women for their better participation in society.
  • Free education and training to the weaker sections of the society.
  • Increase the skills, and knowledge which generated employment.
  • Financial security to the vulnerable sections of society.
  • Financial assistance to small businesses and weaker sections of society.

Different Welfare Schemes of Government in India

The different schemes are launched by the Union Government of India in the different sectors for individuals. Some schemes provide socio-economic benefits, financial assistance, pensions, etc. Below are some schemes of government and these are as follows:

Pradhan Mantri Jan Dhan Yojana

The Prime Minister on August 15th, 2014 announced Pradhan Mantri Jan Dhan Yojana as a national mission on financial inclusion. The motive of the scheme is to provide universal access to banking services such as every citizen must have at least one basic account, financial literacy, access to credit, insurance and pension facility.


In the scheme, a person can open a bank account without fulfilling the requirement of a minimum balance. However, in the case of self-certification, there is no need to have an official valid document to open a savings account. This is a small account and a person cannot deposit or withdraw a large amount of money. 


The scheme is aware people of easy access to banking services and financial products through financial literacy programmes. Another benefit of the scheme is, that people will receive a RuPay debit card, with inbuilt accident insurance cover of Rs. 2 lakh.

Atal Pension Yojana (APY)

The Prime Minister launched the scheme on May 9th, 2015. In the welfare scheme in India, bank/ post office saving account holders between the age group of 18 to 40 years will receive a guaranteed amount from 1,000, 2000, 3000, 4,000 or 5,000 monthly at the age of 60 years. 


The monthly pension will sent to the account of the subscriber, and after him to his spouse and after their death, the pension corpus, as accumulated at age 60 of the subscriber, will be returned to the nominee of the subscriber.


The subscriber will get a guaranteed minimum pension from the government. In case the accumulated corpus based on contributions earns a lower than-estimated return on investment, then the Central Government will fund such inadequacy. Alternatively, if the returns on investment are higher, the subscribers will get better pensionary benefits.

Pradhan Mantri Ujjwala Yojana

On May 1st, 2016, the Pradhan Mantri Ujjwala Yojana was launched by the government. In the scheme, LPG connection is provided to women who belong to the Below Poverty Line (BPL). The scheme comes under the Ministry of Petroleum and Natural Gas and it is providing LPG connection at a concessional rate.

The aim of the welfare scheme in India is to grow a smoke-free rural India, around 5 crore families are taking benefits of the scheme. Any elderly woman belonging to a low-income family is eligible under this scheme.

Stand Up India Scheme

On April 5th, 2016 the government launched the welfare scheme to facilitate bank loans between Rs. 10 lakh and Rs. 1 crore to at least one Scheduled Caste or Scheduled Tribe borrower. Also at least one Woman borrower per bank branch for setting up greenfield enterprises. The scheme aims to promote entrepreneurship among the women, SC & ST category, basically helping the sections of the population facing hurdles due to lack of mentorship and advice. 


To conclude, the Indian government not only help individuals but businesses also. They make the process of running a business easy which eventually helps the growth of the economy. The financial and technical assistance is provided for their growth. Benefits that are provided to businesses are easy loans, subsidies for technology upgradation, etc. Under the MSME scheme, the government is encouraging small and medium enterprises to set up businesses.

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