The Pradhan Mantri Matru Vandana Yojana (PMMVY), launched in 2017, is a maternity benefit program by the Government of India. It aims to provide financial assistance and improve the health of pregnant women and lactating mothers belonging to socially and economically backward sections of society.
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What is the Eligibility Criteria for Pradhan Mantri Matru Vandana Yojana?
The applicant must be a pregnant woman of at least 19 years of age.
She should be employed and facing wage loss due to pregnancy.
The scheme is applicable only for the first live birth.
Eligible beneficiaries can apply within 270 days from the child's birth.
If a beneficiary delivers twins/triplets/quadruplets in her second pregnancy, with one or more girls, she will receive incentives for the second girl child as per PMMVY 2.0 norms.
Criteria for determining socially and economically disadvantaged sections include:
Women belonging to scheduled castes and scheduled tribes.
Women who are partially (40%) or fully disabled (Divyang Jan).
Women holding BPL Ration Cards.
Women beneficiaries under Pradhan Mantri Jan Aarogya Yojana (PMJAY) under Ayushman Bharat.
Women holding e-Shram cards.
Women farmers beneficiaries under Kisan Samman Nidhi.
Women holding MGNREGA Job Cards.
Women whose net family income is less than Rs. 8 lakh per annum.
Pregnant and lactating AWWs/AWHs/ASHAs.
Women holding Ration Cards under NFSA Act 2013.
Any other category as prescribed by the Central Government.
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The Pradhan Mantri Matru Vandana Yojana is a significant initiative to improve maternal and child health, empower women, and bridge the gap in financial security for expecting mothers from underprivileged backgrounds. By providing financial assistance during pregnancy and lactation, PMMVY encourages essential healthcare practices and empowers women to make informed choices for their well-being and their children's future.
The Matru Vandana Yojana, also known as PMMVY, is a maternity benefit program in India that provides financial assistance to pregnant women and lactating mothers from disadvantaged backgrounds.
How to apply for 6000 rupees for pregnant ladies?
PMMVY offers ₹5,000 for the first child (in installments) and ₹6,000 for the second girl child (one installment). You can register at Anganwadi centers or through ASHA/ANM workers. Check eligibility criteria online for details.
What is Pradhan Mantri Yojana for newborn babies?
PMMVY isn't directly for newborns, but it supports pregnant women and lactating mothers, indirectly benefiting their babies.
What is the Vandana Yojana scheme?
Vandana Yojana commonly refers to PMMVY, a program that provides financial support (vandana) to expecting mothers.
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^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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