PIB Blaster: Government Schemes Comprehensive Current Affairs - July 2026 Edition

Pradhan Mantri Mudra Yojana (PMMY)

• Launch and Nodal Agency: Launched on $8^{th}$ April $2015$ by Prime Minister Narendra Modi. It is under the Nodal Ministry of Finance (Department of Financial Services).
• Management: Managed by the National Credit Guarantee Trustee Company Ltd. ($\text{NCGTC}$), which administers the Credit Guarantee Fund for Micro Units ($\text{CGFMU}$).
• Institutional Architecture: A three-tier structure involving $MUDRA$ (refinancer) $\rightarrow$ Member Lending Institutions ($\text{MLIs}$) $\rightarrow$ Beneficiaries (borrowers). $\text{MLIs}$ include Public Sector Banks, $RRBs$, Small Finance Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions ($\text{MFIs}$), and $NBFCs$.
• Target Segment: Focuses on the Non-Corporate Small Business Segment ($\text{NCSB}$), including micro-enterprises in manufacturing, trading, and services in both rural and urban areas.
• Integration: Available through the JanSamarth portal, a national portal covering $14$ credit-linked schemes, $7$ loan categories, and over $200$ lenders.
• Eligibility: Any Indian citizen with a viable income-generating business plan in non-farm sectors (trading, manufacturing, or services). Applicants must not be defaulters to any financial institution. Age criteria is generally $18$ to $65$ years.
• Loan Categories:
  • Shishu: Loans up to $₹50,000$.
  • Kishor: Loans above $₹50,000$ up to $₹5\,\text{lakh}$.
  • Tarun: Loans above $₹5\,\text{lakh}$ up to $₹10\,\text{lakh}$.
  • Tarun Plus: Loans above $₹10\,\text{lakh}$ up to $₹20\,\text{lakh}$. Introduced in October $2024$ for borrowers who have successfully repaid a Tarun loan.
• Financial Provisions:
  • Refinance: $MUDRA$ acts as a refinance agency, not a direct lender.
  • Collateral: No collateral security required for loans up to $₹20\,\text{lakh}$ in the $MSE$ sector.
  • Interest Subvention: $2\%$ subvention on prompt repayment of Shishu loans for $12\,\text{months}$ (under Aatmanirbhar Bharat Package).
  • $MUDRA$ Card: A RuPay Debit Card for working capital management that allows multiple withdrawals and credits.
• Recent Developments (as of mid-2026):
  • Cumulative Impact: As of $27\,\text{March}\,2026$, the scheme disbursed $₹40.07\,\text{lakh crore}$ across $57\,\text{crore}+$ accounts. Over $12\,\text{crore}$ accounts belong to new entrepreneurs.
  • State Performance: Uttar Pradesh led in disbursements ($₹58,111\,\text{crore}$), followed by Bihar ($₹54,064\,\text{crore}$) and Maharashtra ($₹50,762\,\text{crore}$).
  • Demographics: Women borrowers accounted for $59.81\%$ of accounts. $SC/ST/OBC$ categories held $45.52\%$ of accounts. MUDRA Ltd. reported a profit of over $₹827\,\text{crore}$ in $FY\,2024-25$.

Pradhan Mantri Jan Dhan Yojana (PMJDY)

• Launch Details: Announced on $15\,\text{August}\,2014$ and launched nationally on $28\,\text{August}\,2014$. Managed by the Ministry of Finance (Department of Financial Services).
• Slogan: \"Mera Khata Bhagya Vidhata\" (\"My account, the fortune-maker\").
• Tenets: Banking the unbanked, Securing the unsecured, and Funding the unfunded.
• The Six Pillars:
  • Universal Access to Banking: Relaxed $KYC$ and zero-balance accounts.
  • Basic Savings Account: No minimum balance required.
  • Financial Literacy: Promoting savings and mobile banking awareness.
  • Credit Guarantee Fund: Guarantee against loan defaults for banks.
  • Insurance Coverage: Free accidental insurance up to $₹1\,\text{lakh}$ and life cover of $₹30,000$ for early accounts.
  • Pension Scheme: Linked to Atal Pension Yojana for unorganized workers.
• Features and Enhancements (Post-2018):
  • Shift in Focus: From \"Every Household\" to \"Every Unbanked Adult\".
  • Accident Cover: Increased from $₹1\,\text{lakh}$ to $₹2\,\text{lakh}$ for accounts opened after $28\,\text{August}\,2018$.
  • Overdraft ($\text{OD}$) Facility: Limit increased to $₹10,000$. Unconditional $OD$ up to $₹2,000$. Eligible age is $18-65\,\text{years}$.
• Technological Tools: Jan Dhan Darshak App used for locating banking touchpoints within a $5\,\text{km}$ radius.
• Performance Metrics (as of 2026):
  • Account Growth: Total beneficiaries reached $58.63\,\text{crore}$ with balances of $₹3,08,332.85\,\text{crore}$. Approximately $56\%$ are women-owned accounts.
  • Dormancy: As of $July\,2025$, nearly $23\%$ ($13.04\,\text{crore}$) of accounts were inoperative. In $April\,2025$, banks closed $15\,\text{lakh}$ inoperative zero-balance accounts to improve data quality.
  • $JAM$ Trinity: Direct Benefit Transfers ($\text{DBT}$) via Jan-Dhan-Aadhaar-Mobile avoided leakages estimated at $₹3.48\,\text{lakh crore}$ since inception.

PM Vishwakarma Yojana

• Framework: Central Sector Scheme launched on $17\,\text{September}\,2023$. Managed by the Ministry of $MSME$ (nodal) in collaboration with the Ministry of Skill Development and the Department of Financial Services.
• Tenure and Outlay: $FY\,2023-24$ to $FY\,2027-28$ with a total outlay of $₹13,000\,\text{crore}$.
• Scope: Covers $18$ traditional trades such as carpenters, blacksmiths, potters, goldsmiths, and tailors.
• Eligibility Restricted: One member per family; no Government employees allowed. Must not have taken loans under similar schemes in the last $5\,\text{years}$.
• Scheme Components:
  • Recognition: $PM\,\text{Vishwakarma}$ Certificate and $ID$ Card.
  • Skill Upgradation: Basic training ($5-7\,\text{days}$) and advanced training ($15+\,\text{days}$) with a daily stipend of $₹500$.
  • Toolkit Incentive: $₹15,000$ delivered via e-RUPI vouchers.
  • Enterprise Development Loans: Collateral-free. Tranche $1: ₹1\,\text{lakh}$ ($18\,\text{months}$ repayment); Tranche $2: ₹2\,\text{lakh}$ ($30\,\text{months}$ repayment).
  • Concessional Interest: Beneficiaries pay $5\%$ fixed interest; the Government provides $8\%$ subvention.
• Market Support: Digital incentive of $₹1$ per transaction. Branding and onboarding on e-commerce platforms like $GeM$.
• Current Status and News (2026):
  • Milestones: Met the $30\,\text{lakh}$ registration target in just $2\,\text{years}$. As of $January\,2026$, received $2.72\,\text{crore}$ applications.
  • Budget 2026-27: Allocation cut to $₹3,860.89\,\text{crore}$ from $₹5,100\,\text{crore}$. A Parliamentary panel flagged that registration success has not matched credit and training outcomes.
  • Regional Expansion: Formal roll-out in West Bengal began in $May\,2026$.

Agriculture Infrastructure Fund (AIF)

• Overview: Central Sector Scheme launched on $9\,\text{August}\,2020$. Operational tenure is $13\,\text{years}$ ($2020-21$ to $2032-33$).
• Aim: Provide medium-long term debt financing for post-harvest management infrastructure and community farming assets.
• Target Corpus: Recently doubled from $₹1\,\text{lakh crore}$ to $₹2\,\text{lakh crore}$.
• Financial Terms:
  • Interest Subvention: $3\%$ per annum on loans up to $₹2\,\text{crore}$ for a max of $7\,\text{years}$.
  • Credit Guarantee: Coverage under $CGTMSE$ for loans up to $₹2\,\text{crore}$ (fees paid by Government). For $FPOs$, $NABSanrakshan$ provides additional guarantee.
  • Moratorium: Ranges from $6\,\text{months}$ to $2\,\text{years}$.
  • Convergence: Compatible with PM-KUSUM, specifically Components $A, B,\,\text{and}\,C$.
• Social Reservation: $24\%$ of grants-in-aid reserved ($16\%$ for $SC$, $8\%$ for $ST$).
• Performance Metrics (as of 2026):
  • Projects: $1,50,431$ projects sanctioned with a cumulative value of $₹80,224.15\,\text{crore}$.
  • Top State: Punjab maintains the national lead with over $32,823$ sanctioned projects and $₹7,050\,\text{crore}$ disbursed. Received \"Best Performing State\" award in $January\,2026$.
  • Budget 2026-27: Annual budget line for subvention and administration set at $₹910\,\text{crore}$.

Kisan Credit Card (KCC) & Modified Interest Subvention Scheme (MISS)

• KCC Details: Launched in $1998$. Valid for $5\,\text{years}$ with annual review. Covers short-term crop loans, post-harvest expenses, consumption, and investment credit for allied activities (Animal Husbandry, Dairying, Fisheries).
• RBI 2026 Directions: Effective $1\,\text{January}\,2027$. Standardizes crop-season definitions. Introduces flexible marginal farmer limits ($₹10,000 - ₹50,000$).
• Collateral-Free Limit: Raised to $₹2\,\text{lakh}$ effective $1\,\text{January}\,2025$ (retained in $2026$ directions).
• MISS Structure (Budget 2026-27):
  • Nodal Ministry: Agriculture & Farmers Welfare. Allocation increased to $₹22,600\,\text{crore}$.
  • Interest Rates: Base rate of $7\%$. Government provides $1.5\%$ subvention to banks. Farmers get a $3\%$ Prompt Repayment Incentive ($\text{PRI}$), resulting in an effective rate of $4\%$.
  • Loan Ceiling: Budget $2026-27$ reiterated raising the subsidized loan ceiling to $₹5\,\text{lakh}$ (specifically for allied activities).
• Impact: Operative $KCC$ loan amount crossed $₹10\,\text{lakh crore}$ in $February\,2026$, benefiting $7.72\,\text{crore}$ farmers.

National Agriculture Market (e-NAM)

• Mission: A pan-India electronic trading portal networking existing $APMC$ mandis. Launched $14\,\text{April}\,2016$. Central Sector Scheme funded by the Agri-Tech Infrastructure Fund ($\text{AITF}$).
• Lead Implementing Agency: Small Farmers' Agribusiness Consortium ($\text{SFAC}$).
• Reforms Required for States: Unified trading license, single-point levy of market fees, and provision for e-trading.
• Infrastructure: One-time grant of $₹75\,\text{lakh}$ per mandi for hardware and assaying labs.
• Platform of Platforms ($\text{PoP}$): Launched $14\,\text{July}\,2022$ to integrate logistics, fintech, warehousing, and advisory services.
• Current Figures (March 2026):
  • Network: $1,656$ mandis across $23$ States and $4\,\text{UTs}$.
  • Registrations: $1.80\,\text{crore}$ farmers, $2.73\,\text{lakh}$ traders, and $4,724\,\text{FPOs}$.
  • Trade Volume: $13.25\,\text{crore}\text{ MT}$ of produce worth $₹4.84\,\text{lakh crore}$ traded since inception.
  • Commodities: Expanded to $247\,\text{commodities}$ with $9$ new additions in late $2025$ (e.g., Lavender Oil, Mustard Oil, Virgin Olive Oil).
• Budget 2026-27: Announced Bharat-VISTAAR, a multilingual AI advisory tool integrating AgriStack to complement $e-NAM$.

Pradhan Mantri Fasal Bima Yojana (PMFBY)

• Overview: World's largest crop insurance scheme by enrolment. Replaced $NAIS$, $MNAIS$, and $WBCIS$. Formally launched $18\,\text{February}\,2016$. Centrally Sponsored Scheme.
• Premium Rates Paid by Farmers:
  • Kharif Crops: $2\%$.
  • Rabi Crops: $1.5\%$.
  • Horticultural/Commercial: $5\%$.
• Sharing and Caps: $50:50$ (Centre:State) generally; $90:10$ in NE/Himalayan states. Central subvention capped at $25\%$ (irrigated) and $30\%$ (rainfed areas).
• Risk Coverage: Covers prevented sowing ($25\%$ compensation), standing crops, localized calamities (wild animal attack, inundation), and post-harvest losses (up to $14\,\text{days}$).
• Recent Technology & Policy (2026):
  • Budget 2026-27: Allocated $₹12,200\,\text{crore}$.
  • Localized Risk Updates: Reintroduced Paddy Inundation cover; added Wild Animal Attack cover.
  • $ESCROW$ Accounts: Mandatory from Kharif $2025$ to ensure states deposit premium shares in advance.
  • DigiClaim: Auto-applies a $12\%\,\text{interest}$ penalty on insurance companies for delayed claim settlement (beyond $2\,\text{months}$ of cut-off).

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

• Scheme Profile: $100\%$ central sector scheme effective from $1\,\text{December}\,2018$. Provides income support to all landholding farmer families.
• Financial Benefit: $₹6,000$ per year in three equal instalments of $₹2,000$ every $4\,\text{months}$.
• Exclusion Criteria: Institutional landholders, constitutional post holders, income tax payers, high-pension retirees ($>₹10,000/\text{month}$), and registered professionals (Doctors, Lawyers, $CAs$).
• Digital Initiatives: Kisan e-Mitra (AI Chatbot) available in $11\,\text{languages}$. Face-authentication feature in the mobile app for $e-KYC$.
• Recent Status (mid-2026):
  • Instalments: $23^{rd}$ instalment released in $June\,2026$ ($₹18,880\,\text{crore}$ to $9.44\,\text{crore}$ farmers). Cumulative disbursement crossed $₹4.46\,\text{lakh crore}$.
  • Budget 2026-27: Allocation held steady at $₹63,500\,\text{crore}$ for the third consecutive year.
  • Farmer Registry: Digital Farmer $ID$ made mandatory for new registrations in $19\,\text{states}$.

PM Formalisation of Micro Food Processing Enterprises (PMFME)

• Aim: Formalization and competitiveness for the unorganized food processing sector. Launched $June\,2020$ under Aatmanirbhar Bharat.
• Financial Support:
  • Individual Enterprises: $35\%$ credit-linked capital subsidy, capped at $₹10\,\text{lakh}$ per unit.
  • SHG Seed Capital: $₹40,000$ per member for working capital/small tools.
  • Group Support: $35\%$ grant for $FPOs$/Cooperatives for common infrastructure (up to $₹3\,\text{crore}$).
• Recent Status: Bihar topped national implementation ($10,296$ loans in $FY\,2024-25$). Scheme extended to $September\,2026$ with a proposal for a $5\text{-year}$ extension and increased subsidy caps.
• Milestones: Over $1.87\,\text{lakh}$ loans sanctioned since inception.

Pradhan Mantri Matsya Sampada Yojana (PMMSY)

• Target (by 2024-25): Production of $22\,\text{MMT}$ of fish; exports of $₹1\,\text{lakh crore}$; generation of $55\,\text{lakh}$ jobs.
• Financial Outlay: $₹20,050\,\text{crore}$ (CS: $₹1,720\,\text{cr}$; CSS: $₹18,330\,\text{cr}$). Tenure extended to $FY\,2025-26$.
• Sub-Scheme: $PM-MKSSY$, approved in $February\,2024$ ($₹6,000\,\text{crore}$ over $4\,\text{years}$) to formalize the micro-fisheries sector.
• Recent Figures: Budget $2026-27$ allocated a record $₹2,500\,\text{crore}$ to $PMMSY$. Duty-free import limit for fishery export processing goods raised from $1\%$ to $3\%$.

DAY-National Rural Livelihoods Mission (DAY-NRLM)

• Universal Mobilization: Aiming to cover at least one woman from every rural poor household. Coverage reached $10.05\,\text{crore}$ women households in $90.90\,\text{lakh SHGs}$.
• Lakhpati Didi Mission: Target raised to $6\,\text{crore}$ women earning $₹1\,\text{lakh}+\text{ per year}$ by $2029$.
• Credit Provision: Collateral-free loans up to $₹20\,\text{lakh}$ for $SHGs$. Interest subvention brings rates to $7\%$ p.a. for loans up to $₹3\,\text{lakh}$.
• Technology: \"SHE-LEAPS\" platform launched in $June\,2026$ to track enterprise growth via the LokOS platform.

Viksit Bharat - G RAM G (VB-G RAM G)

• Statutory Shift: Replaced MGNREGA from $1\,\text{July}\,2026$. Statutory guarantee of $125\,\text{days}$ of wage employment (up from $100$).
• Funding: Shifted to a $60:40$ (Centre:State) model for general states from the previous demand-driven central funding.
• Wages: No notified daily wage below $₹300$. National average raised to $₹327.4$/day.
• Planning: Based on Viksit Gram Panchayat Plans ($\text{VGPPs}$) integrated with PM Gati Shakti.
• Fiscal Transition: Budget $2026-27$ allocated $₹95,692.31\,\text{crore}$ for the new mission, while MGNREGA received $₹30,000\,\text{crore}$ for liability wind-down.

SVAMITVA Scheme

• Purpose: Mapping rural inhabited (Abadi) land via drones to provide legal 'Record of Rights' (Property Cards).
• Progress (May 2026): Drone surveys completed in $3,26,889$ villages; Property Cards prepared in $1,81,354$ villages. States like Haryana and Uttarakhand reached full saturation.
• Impact: World Bank conference study noted the scheme unlocked an estimated $₹135\,\text{lakh crore}$ in rural land value. Over $10,900$ bank loans ($₹1,679\,\text{crore}$ cumulative) sanctioned using these cards as collateral.

Questions & Discussion

• Q: In which year was PMMY launched? A: 2015.
• Q: What is the maximum loan under \"Tarun Plus\"? A: $₹20\,\text{lakh}$.
• Q: Which state leads AIF projects as of 2026? A: Punjab ($32,823$ projects).
• Q: What is the effective interest rate for prompt KCC/MISS repayers? A: $4\%$.
• Q: When did VB-G RAM G replace MGNREGA? A: $1\,\text{July}\,2026$.