💰 Finance Government Schemes 2026
23 schemes — eligibility, registration & benefits
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All Finance Schemes (23)
PM Suraksha Bima Yojana — ₹2 Lakh Accident Insurance
PMSBY provides accidental death and disability insurance cover of ₹2 lakh for just ₹20 per year, renewable annually through bank auto-debit.
PM Mudra Yojana 2026 — Collateral-Free Business Loan ₹50K to ₹20 Lakh
Pradhan Mantri Mudra Yojana offers collateral-free business loans to micro and small enterprises under four categories: Shishu (up to ₹50,000), Kishore (₹50,001–₹5 lakh), Tarun (₹5 lakh–₹10 lakh), and Tarun Plus (₹10 lakh–₹20 lakh, launched 2024 for repeat Tarun borrowers). Over 52 crore loans sanctioned worth ₹27 lakh crore since 2015.
Atal Pension Yojana 2026 — Guaranteed ₹1,000–₹5,000 Monthly Pension | APY Registration
Atal Pension Yojana provides a guaranteed monthly pension of Rs.1,000 to Rs.5,000 after age 60 to unorganized sector workers. Over 7 crore subscribers enrolled. Small monthly contributions from age 18 ensure a dignified retirement income. Contributions also qualify for Section 80CCD(1B) tax deduction up to Rs.50,000.
PM Jeevan Jyoti Bima Yojana 2026 — Rs.2 Lakh Life Insurance at Rs.436/Year
PM Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed renewable term life insurance scheme that offers Rs.2 lakh death cover for any cause at just Rs.436 per year. The premium is automatically debited from the subscriber's savings bank account every year between 25 May and 31 May. Launched in 2015 under Pradhan Mantri Jan Suraksha Yojana, the scheme is available to all bank account holders aged 18 to 50 years and is administered through partner public and private sector banks.
PM Jan Dhan Yojana 2026 — Zero Balance Bank Account + ₹2 Lakh Insurance
Pradhan Mantri Jan Dhan Yojana (PMJDY) is India's largest financial inclusion scheme with 56+ crore accounts. Any Indian citizen can open a zero-balance savings account with free RuPay debit card, ₹2 lakh accident insurance, ₹30,000 life insurance, and ₹10,000 overdraft facility.
PM Swamitva Yojana 2026 — Village Property Card | Drone Survey | ₹5 Lakh Loan Collateral
PM Swamitva Yojana (Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas) provides legal property rights to village household owners through drone-based survey. Villagers get a Property Card (Adhikar Patra) which can be used as collateral for bank loans up to ₹5 lakh. Launched in 2020, covering 6 lakh+ villages across India.
PPF – Public Provident Fund 2026 — 7.1% Interest | Tax-Free ₹1.5 Lakh/Year | 15-Year Lock
Public Provident Fund (PPF) is India's most popular long-term savings scheme backed by the Government of India with guaranteed returns. Invest ₹500 to ₹1.5 lakh per year and earn 7.1% interest (compounded annually) — completely tax-free under Section 80C and Section 10. Maturity period is 15 years (extendable). Account can be opened at any post office or nationalised bank.
NPS – National Pension System 2026 — Market-Linked Pension + 80CCD Tax Benefit ₹2 Lakh
National Pension System (NPS) is a voluntary, contributory pension scheme regulated by PFRDA (Pension Fund Regulatory and Development Authority). Open to all Indian citizens aged 18–70. Invest in market-linked pension funds and receive a monthly pension after age 60. NPS offers additional tax deduction of ₹50,000 under Section 80CCD(1B) over and above the ₹1.5 lakh 80C limit.
SCSS – Senior Citizen Savings Scheme 2026 — 8.2% Interest | ₹30 Lakh Maximum | Post Office
Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme specifically for senior citizens (60+ years) offering the highest guaranteed interest rate among all small savings schemes — 8.2% per annum (paid quarterly). Maximum deposit ₹30 lakh per person. Backed by Government of India, completely safe. Available at all post offices and select banks.
PM Vaya Vandana Yojana (PMVVY) 2026 — Guaranteed 7.4% Pension for Senior Citizens via LIC | licindia.in
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a government-backed pension scheme exclusively for senior citizens aged 60 years and above, administered by LIC of India. PMVVY provides guaranteed pension income at 7.4% per annum for 10 years — payable monthly, quarterly, half-yearly, or annually — regardless of market conditions. Launched by PM Modi in 2017 and extended in subsequent phases, it allows investment of up to ₹15 lakh per senior citizen (₹30 lakh per couple), giving a maximum monthly pension of ₹9,250 per month. After 10 years, the full purchase price is returned to the investor or to their nominee on death. In case of critical illness, premature exit is permitted with 98% of purchase price returned.
Biopharma SHAKTI Mission India 2026 — ₹10,000 Crore Biotech & Pharma Boost | birac.nic.in
Biopharma SHAKTI (Synergizing Healthcare, Advancement, Knowledge, Technology and Innovation) is a new ₹10,000 crore flagship mission announced in Union Budget 2026-27 to position India as a global biotech and biopharma leader. The mission focuses on accelerating vaccine development, biologics manufacturing, biosimilar production, and genomics research. It builds on India's existing Biotechnology Industry Research Assistance Council (BIRAC) infrastructure and the Ayushman Bharat Health Infrastructure Mission. The scheme provides grants, equity support, and subsidised loans to biotech startups, MSMEs, and large pharma companies investing in next-generation biologics, mRNA platforms, cell and gene therapy, and precision medicine. India's pharma industry — valued at $65 billion — is already the world's 3rd largest by volume; Biopharma SHAKTI targets making it #1 by 2030.
NSAP Pension Scheme 2026 — Rs 200-500/Month to 3.5 Crore Elderly, Widows, Disabled | nsap.nic.in
National Social Assistance Programme (NSAP) is a flagship central social protection scheme providing monthly cash pensions to elderly (60+), widows, and persons with disabilities below the poverty line. Components: Indira Gandhi National Old Age Pension Scheme (IGNOAPS) — Rs 200/month (60-79 yrs), Rs 500/month (80+ yrs); Indira Gandhi National Widow Pension Scheme (IGNWPS) — Rs 300/month; Indira Gandhi National Disability Pension Scheme (IGNDPS) — Rs 300/month; Annapurna — 10 kg free grain. Over 3.5 crore beneficiaries annually. States often top up the central component.
NPS Vatsalya 2026 — Pension for Children | National Pension System for Minors
NPS Vatsalya is a dedicated National Pension System account for minors, launched in September 2024. Parents or legal guardians open and manage the account on behalf of a child below 18 years. A minimum annual contribution of ₹1,000 is required with no upper limit. On reaching 18, the NPS Vatsalya account seamlessly converts into a standard NPS Tier-I account, giving the young adult a head start on long-term retirement savings. Partial withdrawals (up to 25% of contributions, maximum 3 times) are allowed for education, medical treatment, or disability before the minor turns 18.
Unified Pension Scheme (UPS) 2025 — 50% Assured Pension for Central Govt Employees
The Unified Pension Scheme (UPS) is a central government pension reform approved by Cabinet in August 2024 and implemented from April 1, 2025. It offers central government employees currently under NPS (National Pension System) an assured pension of 50% of the average basic pay drawn over the last 12 months before superannuation, after completing 25 years of service. A minimum pension of ₹10,000/month is guaranteed for those with 10+ years of service. The family pension is 60% of the employee's pension amount. Pension is indexed to inflation through Dearness Allowance.
PM-CARES Fund 2026 — Prime Minister's Citizen Assistance & Relief in Emergency Situations | pmcares.gov.in
PM-CARES Fund (Prime Minister's Citizen Assistance and Relief in Emergency Situations) is a public charitable trust established on 27 March 2020 to receive donations for disaster relief, public health emergencies, and welfare measures. It is governed by a Board of Trustees chaired by the Prime Minister, with the Defence, Home, and Finance Ministers as ex-officio trustees. Donations qualify for 100% tax deduction under Section 80G of the Income Tax Act and are exempt from FCRA restrictions for foreign donations. PM-CARES has funded COVID-19 ventilators, oxygen plants, vaccine R&D, migrant relief, and education (PM-CARES for Children — separate scheme). Donations via pmcares.gov.in, online banking, UPI, debit/credit cards, NEFT/RTGS.
PM Shram Yogi Maandhan (PM-SYM) 2026 — ₹3,000/Month Pension for Unorganised Workers | maandhan.in
Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) is the flagship pension scheme for India's unorganised sector workers — street vendors, rickshaw pullers, domestic workers, construction labourers, agriculture labourers, hawkers, and home-based workers. Launched February 2019. Workers aged 18-40 with monthly income ≤ ₹15,000 contribute ₹55-₹200/month (based on entry age) and the Government of India matches the contribution on 1:1 basis. After age 60, beneficiaries receive a guaranteed monthly pension of ₹3,000 for life. 50+ lakh subscribers enrolled. Enroll at maandhan.in or any CSC.
One Rank One Pension (OROP) 2026 — Defence Pensioners Equal Pension by Rank | Latest OROP-3 Revision
One Rank One Pension (OROP) is the landmark Government of India scheme ensuring that defence personnel of the SAME RANK retiring with SAME LENGTH OF SERVICE get the SAME PENSION, regardless of retirement date. Approved November 2015 (effective from 1 July 2014). Periodically revised every 5 years. OROP-2 revision (Jan 2022) covered pensions till 1 July 2019. The Defence Ministry has approved further revision (OROP-3) effective from 1 July 2024, benefiting over 25 lakh ex-servicemen, war widows, and disabled soldiers. Pension arrears for OROP-3 are being disbursed through the SPARSH (System for Pension Administration RAKSHA) portal.
NPS-Lite Swavalamban 2026 — Pension Scheme for Unorganised Workers | npscra.nsdl.co.in
NPS-Lite (Swavalamban) is the simplified National Pension System for unorganised sector workers and low-income groups. Launched 2010. Subscribers contribute ₹100 to ₹12,000 annually. The Government of India contributed ₹1,000 annually to each subscriber's pension account from 2010-2017 (now closed for new subscriptions but existing subscribers continue). NPS-Lite has been gradually superseded by Atal Pension Yojana (APY) and PM-SYM. Existing NPS-Lite subscribers can: (a) continue NPS-Lite, (b) migrate to APY/PM-SYM. Operated by PFRDA through aggregators.
CGTMSE Credit Guarantee Scheme 2026 — ₹5 Crore Collateral-Free MSME Loan Guarantee | cgtmse.in
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is the backbone of collateral-free lending to MSMEs in India. It guarantees loans up to ₹5 crore from member banks and financial institutions to micro and small enterprises — without any collateral or third-party guarantee. CGTMSE covers 75-85% of the loan amount (up to 85% for micro enterprises, women entrepreneurs, NER/hilly states). The trust was set up jointly by the Ministry of MSME and SIDBI in 2000. Annual guarantee fee: 0.25-2.0% of the loan amount (subsidised for micro/women). Over 60 lakh guarantees issued worth ₹5 lakh crore+. Member Lending Institutions (MLIs): 130+ banks/NBFCs including PSBs, private banks, RRBs, SFBs, NBFCs. The borrower applies through the bank; the bank applies to CGTMSE for guarantee. New: CGTMSE 2.0 with enhanced limits.
Indira Gandhi National Widow Pension Scheme (IGNWPS) 2026 — ₹300-2,000/Month Widow Pension | nsap.nic.in
Indira Gandhi National Widow Pension Scheme (IGNWPS) is a sub-scheme under the National Social Assistance Programme (NSAP), providing monthly pension to widows from BPL households. Central government contribution: ₹300/month (age 40-79) and ₹500/month (age 80+). Most states top up to ₹500-2,000/month from their own budget. Total beneficiaries: over 1.5 crore widows across India. Age eligibility: 40-79 years (widows below 40 are covered under state widow pension schemes). For widows aged 80+, the pension automatically merges with IGNOAPS (old age pension) at ₹500/month central contribution. States like UP (₹500/month), Rajasthan (₹750-1500/month), MP (₹600/month), WB (₹1,000/month) provide enhanced amounts. Pension paid via DBT directly to bank/post office account. Application through Gram Panchayat/Block Office or online on NSAP portal (nsap.nic.in) or state pension portal.
Indira Gandhi National Disability Pension Scheme (IGNDPS) 2026 — ₹300-1,500/Month for Severely Disabled | nsap.nic.in
Indira Gandhi National Disability Pension Scheme (IGNDPS) is a sub-scheme of NSAP providing monthly pension to persons with severe or multiple disabilities (80%+ disability) from BPL households aged 18-79 years. Central government contribution: ₹300/month. States add their own contribution ranging from ₹200 to ₹1,200 more, making total pension ₹500-1,500/month depending on state. For disabled persons aged 80+, pension converts to IGNOAPS at ₹500/month central. Beneficiaries: over 15 lakh disabled persons. Covers all disability types: locomotor, visual, hearing, mental, multiple. Disability certificate of 80%+ from District Medical Board required. States like Maharashtra (₹600), MP (₹600), UP (₹500), Rajasthan (₹750-1,500) provide enhanced amounts. DBT to bank/PO account.
PM Karam Yogi Maan-Dhan (Traders Pension) 2026 — ₹3,000/Month Pension for Small Traders & Shopkeepers | maandhan.in
Pradhan Mantri Karam Yogi Maan-Dhan (PM-KYMM) is a central government voluntary pension scheme for small traders, shopkeepers, and self-employed individuals with an annual turnover of up to ₹1.5 crore. Launched on 22 July 2019, PM-KYMM guarantees a minimum pension of ₹3,000/month after the age of 60 years. It is a contributory scheme: subscribers contribute ₹55-200/month (depending on entry age 18-40 years) and the government contributes an equal matching amount. On the subscriber's death, spouse gets 50% family pension. Not mandatory — purely voluntary. Registration through CSC centres (free). 35 lakh+ traders registered. Important: trades registered under GST with turnover ≤ ₹1.5 crore. Also not available to EPFO/ESIC/NPS members. Implemented by Life Insurance Corporation (LIC) and administered through maandhan.in portal.
SFURTI Scheme 2026 — ₹2.5 Crore Grant for Khadi, Coir, Bamboo & Traditional Industry Clusters | msme.gov.in
Scheme of Fund for Regeneration of Traditional Industries (SFURTI) is a central government scheme under the Ministry of MSME that organises traditional industry workers — in khadi, coir, bamboo, honey, agarbatti, handloom, pottery, etc. — into clusters and provides funding for their development and modernisation. SFURTI provides: Hard interventions (machinery, tools, equipment — up to ₹2 crore); Soft interventions (skill development, design, quality, packaging — up to ₹25 lakh); Thematic interventions (technology upgradation, brand, marketing — up to ₹10 lakh). Per cluster total: up to ₹2.5 crore regular cluster or ₹5 crore heritage cluster. Implementing Agencies (IAs): KVIC, Coir Board, state government agencies, NGOs. 50 artisan clusters covered per year. Target artisans: 50,000+ per year. Artisans need not apply directly — their cluster/IA applies. Artisans benefit through improved equipment, market access, fair wages.
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About Finance Schemes in India
The Government of India runs several welfare schemes under the finance category to support citizens across all states. These schemes provide financial assistance, subsidies, training, and other benefits to eligible beneficiaries. All residents of India can apply for central government finance schemes by meeting the required eligibility criteria and submitting the necessary documents.
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