Understanding Income Tax Form 16

Form 16 is a TDS certificate issued to you by your employer, which contains a detailed record of the income earned as salary and taxes paid on it, in a financial year. It serves as a proof that the employer has deducted¬†TDS from your salary¬†and deposited with the I-T Department. Read this guide to learnContinue reading “Understanding Income Tax Form 16”

Indira Gandhi National Old Age Pension Scheme

Indira Gandhi National Old Age Pension Scheme was was launched by Ministry of Rural Development. All persons of 60 years and above (revised downwards from 65 in 2011) and belonging to below the poverty line category according to the criteria prescribed by the Government of India time to time, are eligible to be a beneficiaryContinue reading “Indira Gandhi National Old Age Pension Scheme”

National Family Benefit Scheme

  National Family Benefit Scheme implemented by Ministry of Rural Development. he scheme aims to provide a lump sum family benefit of Rs 10,000/- to the bereaved households in case of the death of the primary breadwinner irrespective of the cause of death. The scheme is applicable to people in the age bracket of 18-64Continue reading “National Family Benefit Scheme”

Atmanirbhar Bharat Rozgar Yojana: What is it and who can avail it?

Atma Nirbhar Bharat Rozgar Yojana is a scheme to incentivise jobs creation in the country. Under the scheme, govt will give subsidy to establishments for new hirings. The subsidy would be to cover for provident fund contributions by employees as well as employers for two years. The scheme is launched to boost employment in formalContinue reading “Atmanirbhar Bharat Rozgar Yojana: What is it and who can avail it?”

Rental for Warehousing Scheme – How to give a warehouse rent to the government?

Rental for Warehousing scheme was launched by the Ministry of Textiles. This scheme aims for providing financial support for renting warehouses abroad. Agencies abroad are increasingly welcoming Indian clients to rent space and use them for storage and warehousing, provided they are paid properly. However, when we consider small start-ups, we realize that the turnoverContinue reading “Rental for Warehousing Scheme – How to give a warehouse rent to the government?”

Mega Cluster Scheme: What is it? Who can avail?

Mega Cluster scheme was launched by the Ministry of Textiles. Mega cluster is an approach to scale up the infrastructural and production chain at Handicrafts clusters. It aims the clusters which were remained unorganized and have not kept pace with the modernization and development. Benefits Infrastructural improvement, modernization of the tools, machinery, process and productContinue reading “Mega Cluster Scheme: What is it? Who can avail?”

E-Travel Trade Recognition – Travel Trade Service Provider Registration | Ministry Of Tourism

E-Travel Trade Recognition was introduced by the ministry of Tourism. The scheme aims in granting approval to hotel projects from the point of view of this suitability for international tourists. The hotels were classifies under the star system into six categories from star one to five star deluxe. It was done by a classification committeeContinue reading “E-Travel Trade Recognition – Travel Trade Service Provider Registration | Ministry Of Tourism”

Sustainable Finance Scheme: Eligibility, Application Process, Interest Rate

Sustainable Finance Scheme was introduced by Small Industries Development Bank of India (SIDBI). The scheme was introduced for funding sustainable development projects that contribute energy efficiency and cleaner production but not covered under the international or bilateral lines of credit. Under this scheme all sustainable development projects such as renewable energy projects, Bureau of EnergyContinue reading “Sustainable Finance Scheme: Eligibility, Application Process, Interest Rate”

Biotechnology Ignition Grant (BIG) – What is it? How to Apply?

Biotechnology Industry Research Assistance Council (BIRAC) is a not-for-profit Public Sector Enterprise, set up by Department of Biotechnology (DBT) under Government of India. It act as an Interface Agency to strengthen and empower the emerging Biotech enterprise to undertake strategic research and innovation, addressing nationally relevant product development needs. BIRAC has initiated several schemes, networksContinue reading “Biotechnology Ignition Grant (BIG) – What is it? How to Apply?”

National Scheme of Welfare of Fishermen – Eligibility, Benefits, Insurance and Aid

National Scheme of Welfare of Fishermen is a centrally sponsored scheme. It plans to provide financial assistance to fishermen for building houses and among other things. For housing, state governments can ensure, an equitable distribution of houses among all villages in proportion to the number of eligible fishermen. The area of the plinth and theContinue reading “National Scheme of Welfare of Fishermen – Eligibility, Benefits, Insurance and Aid”