Match the following flagship social security and welfare schemes of the Government of India with their respective nodal administrative features and target beneficiary frameworks:
- Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM)Voluntary and contributory pension scheme providing a minimum assured pension of ₹3,000/month for unorganized sector workers (entry age 18–40 years) under the Ministry of Labour and Employment.
- PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)Central Sector micro-credit initiative facilitating collateral-free working capital loans to urban vendors administered by the Ministry of Housing and Urban Affairs.
- Pradhan Mantri Vaya Vandana Yojana (PMVVY)Subsidized pension scheme exclusively for senior citizens aged 60 and above providing guaranteed payout operated through Life Insurance Corporation of India (LIC).
- Stand Up India SchemeBank-credit facilitation initiative providing loans between ₹10 lakh and ₹1 crore for greenfield enterprises to SC, ST, and women entrepreneurs.
Answer
Pradhan Mantri Shram Yogi Maan-dhan matches with the unorganized sector contributory pension scheme under the Ministry of Labour and Employment. PM SVANidhi matches with the micro-credit working capital scheme for urban street vendors under the Ministry of Housing and Urban Affairs. Pradhan Mantri Vaya Vandana Yojana matches with the guaranteed senior citizen pension scheme implemented through LIC. Stand Up India Scheme matches with the bank-credit initiative for SC/ST and women greenfield entrepreneurs.
Each scheme is accurately matched with its structural purpose and nodal administration: PM-SYM provides unorganized sector pensions via the Labour Ministry; PM SVANidhi delivers vendor micro-credit via MoHUA; PMVVY provides guaranteed senior citizen pensions via LIC; and Stand Up India offers greenfield bank credit for SC, ST, and women entrepreneurs.
Step-by-Step Solution
Key Concept
Social Security Architecture and Welfare Scheme Nodal Administration