In public finance, schemes such as the Pradhan Mantri Jan Dhan Yojana (PMJDY) and Pradhan Mantri Mudra Yojana (PMMY) aim to provide financial inclusion and access to credit for individuals and small businesses. Additionally, the government also provides subsidies and tax benefits for certain industries and infrastructure projects.
In corporate finance, schemes such as the Make in India initiative and the Atmanirbhar Bharat Abhiyan aim to promote domestic manufacturing and increase the competitiveness of Indian businesses. The government also provides various tax incentives and subsidies for companies engaged in research and development, as well as for those investing in specific sectors such as renewable energy.
In personal finance, schemes such as the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) aim to provide life and accidental insurance coverage for individuals at a low cost. The government also provides various pension schemes for individuals such as the Atal Pension Yojana and the Pradhan Mantri Vaya Vandana Yojana (PMVVY).
CSC (Common Service Centers) are also playing a vital role in providing various services related to finance sector by providing various financial services like opening bank accounts, insurance policies, digital transactions, cash withdrawal, and various other services.
In summary, the government offers various schemes to aid the development of the finance sector through financial inclusion, subsidies and tax benefits, promoting domestic manufacturing, and providing insurance coverage and pension schemes for individuals. CSC centers also play an important role in providing financial services to the citizens.
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