Important Government Schemes 2018

List of Important Government Schemes

Important  Government Schemes announced in Union Budget. Union Finance minister Arun Jaitley presented Union Budget 2018 in Parliament. It is last full budget of Narendra Modi Government before 2019 Lok Sabha elections. Several new schemes were announced. Here is some Important New Government Schemes announced in Union Budget 2018 -19. You will get questions on these schemes in various competitive Exams like RBI, SBI, IBPS, SSC etc

Important Government Schemes for upcoming Banking exams

1. National Health Protection Scheme

National Health Protection Scheme
National Health Protection Scheme

National Health Protection Scheme (Ayushman Bharat Scheme) will cover 10 crore poor and vulnerable families. Under it, up to Rs 5 lakh insurance cover will be provided to each family per year in secondary and tertiary care institutions. It will have 50 crore beneficiaries. It will be world’s largest government-funded healthcare programme.

How much is allocated for NHPS?

The government has allocated an amount of Rs. 2,000 crore., “Rs. 2,000 crore have been allocated for the scheme and the states will have to implement it with help from the Centre. The Centre will bear 60 per cent of the cost while 40 per cent will be borne by the states.”

The Centre had drawn up health plan for the scheme in which 40% of fund for the scheme has to come from state. Under it, the central government will contribute Rs 2,000 crore to scheme out of a total cost of Rs 5,500-6,000 crore – the remaining amount is to be paid by the state governments.

2. Operation Green

Operation Green
Operation Green

The government aims to focus on basic ingredients and not on additional commodities in agriculture. Operation Greens will work to increase demand in the economy as well with its demand forecasting model. To help in the structural and infrastructure part of the scheme, Jaitley announced that as many as 470 agriculture market committee (APMCs) promoted markets will now be connected to the e-nam platform while the government will help in development of 22,000 agricultural markets.

Operation Green will be launched with an allocation of Rs 500 crore on the lines of Operation Flood. It aims to promote farmer producers organisations, processing facilities, agri-logistics and professional management. It also aims to aid farmers and help control and limit erratic fluctuations in the prices of tomatoes, onions and potatoes (TOP). It is essentially price fixation scheme that aims to ensure farmers are given the right price for their produce. The idea behind it is to double the income of farmers by the end of 2022.

3. Eklavya School (Ekalavya schools for tribal children planned)

Ekalavya schools for tribal children planned
Ekalavya schools for tribal children planned

The government launch a series of residential schools for students from the scheduled tribes (STs), in view of the social discrimination faced by tribal communities. Eklavya schools will be established for scheduled caste (SC) and schedule tribe students by 2022 on the lines of Navodaya schools. They will be model residential schools set up in each Block. It will in areas with more than 50% tribal areas and 20,000 tribal people. These schools will be part of Navodaya Vidyalayas. It will provide training in sports and skill development. It has special facilities for preserving local art and culture.

4. Revitalising Infrastructure and Systems in Education (RISE) Scheme

Revitalising Infrastructure and Systems in Education (RISE) Scheme
Revitalising Infrastructure and Systems in Education   (RISE) Scheme

RISE scheme aims to lend low-cost funds to government higher educational institutions. It will be launched with a total investment of Rs. 1 lakh crore in the next four years. RISE scheme was announced in Union Budget 2017-18. It aims to lend lowcost funds to government higher educational institutions. Under it, all centrally-funded institutes (CFIs), including central universities, IITs, IIMs, NITs and IISERs can borrow from a Rs 1,00,000 crore corpus over next 4 years to expand and build new infrastructure. It will be financed via restructured Higher Education Financing Agency (HEFA), a non-banking Financial company.

5. Prime Minister Fellowship Scheme

Prime Minister Fellowship Scheme
Prime Minister Fellowship Scheme

In this scheme, the government wants to encourage undergraduate students (or those studying in five-year integrated programmes) from IITs/NITs/IISERs/IIITs (only centrally funded ones) to join IITs/IISc for PhD and offers them a huge financial incentive, both in terms of personal money (three times what regular PhD students in these institutes will get) and research grant. It is aimed at facilitating cutting edge research by provide high fellowship amounts to 1000 B. Tech students to pursue PhD in IITs and IISc. Its purpose is to make to produce better research in India and make its institutions climb up in global rankings.

About 30,000 students are graduating from all those lucky CFTIs. One would guess that about 30% of these students would have a CGPA of 8.0 or higher. So the total number of eligible students is, say, 10,000. Will we be able to attract 1,000 students out of 10,000 to do a PhD in the IITs/IISc? I have my doubts. What it will result in is that anyone from any of those CFTIs with 8+ CGPA can do a PhD in some IIT.

Fellowship – Framework

  • Up to 100 new Fellowships are provided every year
  • 50% of the scholarship comes from SERB [being equivalent to the prevailing Government norms for Junior Research Fellow / Senior Research Fellow (inclusive of HRA)], which can be revised as per the JRF/SRF norms from time to time
  • Rest 50% (matching equivalent of SERB component) comes from the partner company
  • Duration of the Fellowship is four years
  • If selected to receive the Prime Minister’s Fellowship for Doctoral Research, the candidate ceases to receive any other scholarship / salary from any other organisation, which he / she may be receiving at the time of enrolling into the scheme

6. Kisan Credit Card to Fishermen and Cattle owners

Kisan Credit Card
Kisan Credit Card Scheme

Kisan Credit Card was extended to fishermen and cattle owners. It will enable them to avail the easier loans. It will help people associated with milk production business in rural areas by providing financial assistance and also to fisheries.


Regional Rural Banks, Cooperative Banks and Public Sector Commercial Banks have implemented the Kisan Credit Card scheme. Its primary objective is to provide easily attainable short term loans to farmers. The scope of this unique facility also includes term loans for agriculture and other allied activities and is a determining factor for consumption loan. The scheme currently offers:

  • Credit to meet the financial requirements of agricultural and other allied activities.
  • Ancillary credit for crop production and other contingencies.
  • Insurance coverage for Kisan Credit Card holders.
  • National Crop Insurance scheme is offered to the Kisan credit cardholders, which provides coverage for crop loans given under the KCC scheme for certain crops.
  • Protection is provided against loss of crops due to pest attacks, natural calamities, etc.
  • In some cases collateral security is to be provided. If the loan amount is above Rs. 100000/-, then the cardholder has to pledge his land as mortgage and hypothecate the crops raised on it.

7. Affordable Housing Fund (AHF)

Affordable Housing Fund
Affordable Housing Fund

In line with the government’s aim to provide housing for all by 2022, the Union Budget on Thursday proposed to set up an affordable housing fund under the National Housing Bank (NHB). The 2017 budget had proposed to assign infrastructure status to affordable housing projects and facilitate higher investments.

Affordable Housing Fund (AHF) will be created under National Housing Bank (NHB). It will be funded from priority sector lending shortfall and fully serviced bonds authorised by Central Government. Beyond this, he did not elaborate about the proposed Fund. It will be used to construct one crore households in the rural areas Pradhanmantri Awas Yojana.

With the objective of boosting the supply of rural housing and augmenting the supply of affordable housing in urban areas, Jaitley said that 3.7 million homes will be built in urban areas in 2018-19 and 5.1 million homes in rural areas.

8. Gobar-Dhan Yojna

Gobar-Dhan Yojna
Gobar-Dhan Yojna

The GOBAR-Dhan Yojana aims to collect cattle waste and solid waste from farmers for sale to entrepreneurs, who there after, will produce manure, biogas and bio-CNG from the waste. “The scheme will connect farmers to buyers so that farmers can get the right price for dung and agricultural waste,” The plan will be launched in April 2018.

Gobar-Dhan Yojana (also known as Galvanizing Organic Bio-Agro Resource Fund scheme) aims to improve lives of the villagers. Under it, solid waste of dung and fields will be changed into compost, biogas and bio-CNG. Nearly 5000 gaushalas with an average of over 400 cattle to be included and 621 registered dairires to be covered. The government, with the GOBAR-Dhan Yojana, aims to produce cleaner fuels, eventually leading to a shift to biogas and bio-CNG.

The 19th Livestock Census 2012 pegs the total cattle and buffalo population in India at nearly 300 million, resulting in the generation of 3 million tonnes of cattle dung per day. In the first phase, 300 Open Defecation Free (ODF) districts will be covered by December, 2018, while the rest will be covered by October 2019.

9. National Bamboo Mission

National Bamboo Mission
National Bamboo Mission

The National Bamboo Mission will be a Centrally Sponsored Scheme, in which the contribution of the Central Government will be 100%. The Scheme will be implemented by the Division of Horticulture under the Department of Agriculture and Cooperation in the Ministry of Agriculture, New Delhi. The allocation of ₹1,290 crore for a restructured National Bamboo Mission (NBM) has raised hopes for a range of bamboo-based industries – from food professing to construction. This will help the people of rural and tribal areas.

Bamboo is essentially a type of grass, but its classification as a tree for 90 years prevented the northeast, which grows 67% of India’s bamboo, from exploiting it commercially unlike China, the only country with richer bamboo genetic resources.

The main objectives of the Mission are:  

  • To promote the growth of the bamboo sector through as an area based regionally differentiated strategy;
  • To increase the coverage of area under bamboo in potential areas, with improved varieties to enhance yields;
  • To promote marketing of bamboo and bamboo based handicrafts;
  • To establish convergence and synergy among stakeholders for the development of bamboo;
  • To promote, develop and disseminate technologies through a seamless blend of traditional wisdom and modern
    scientific knowledge.
  • To generate employment opportunities for skilled and unskilled persons, especially unemployed youths.

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