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Understanding Income Tax Act 1961: A Comprehensive Overview of Section 10(10D)

by insurancelifegalaxy.blogBlog, Finance, Financial Planning, Government SchemePosted on 2 Comments

Introduction to Income Tax Act 1961 The Income Tax Act of 1961 is a comprehensive legislation that governs income taxation in India. It establishes the legal framework within which income tax is levied on individuals, companies, and other entities. The primary purpose of the Act is to create a fair and standardized process for the …

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Pradhan Mantri Kisan Maan Dhan Yojana: Empowering India’s Farmers

by insurancelifegalaxy.blogGovernment SchemePosted on 3 Comments

Introduction Agriculture is the backbone of India’s economy, employing a significant portion of the population. However, farmers often face numerous challenges, including financial instability and lack of social security. To address these concerns, the Government of India launched the Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) in September 2019. This ambitious scheme aims to provide …

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Matshya Sampada Yojana: Boosting India’s Aquaculture Sector

by insurancelifegalaxy.blogGovernment SchemePosted on 3 Comments

The Matshya Sampada Yojana, also known as the Pradhan Mantri Matsya Sampada Yojana (PMMSY), is a flagship scheme of the Government of India aimed at revolutionizing the country’s fisheries and aquaculture sector. Launched in May 2020, this ambitious program seeks to enhance fish production, create employment opportunities, and improve the livelihoods of fishermen and fish …

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Matratva Vandana Yojana: Empowering Mothers for a Healthy Future

by insurancelifegalaxy.blogBlog, Finance, Financial Planning, Government Initiatives, Government Scheme, Government Schemes, InsurancePosted on 2 Comments

Matratva Vandana Yojana is a government initiative aimed at providing financial assistance to pregnant women in India. This scheme, launched in 2014, aims to support expectant mothers by offering them monetary benefits for their healthcare needs during pregnancy and childbirth. The primary objective of the Matratva Vandana Yojana is to ensure that every pregnant woman …

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Pradhan Mantri Jeevan Jyoti Bima Yojana: A Lifeline for Financial Security

by insurancelifegalaxy.blogFinance, Financial Planning, Government Initiatives, Government Scheme, Government Schemes, Insurance, InvestmentPosted on 4 Comments

Financial security is a crucial aspect of our lives, and having a safety net in place is essential to protect ourselves and our loved ones. In India, the government has introduced several schemes to promote financial inclusion and provide affordable insurance options to the masses. One such initiative is the Pradhan Mantri Jeevan Jyoti Bima …

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National Pension System: A Secure Pathway to a Comfortable Retirement

by insurancelifegalaxy.blogAgriculture, Blog, Energy, Finance, Financial Planning, Government Initiatives, Government Scheme, Government Schemes, Insurance, InvestmentPosted on 6 Comments

Retirement is a phase of life that we all look forward to. It’s a time when we can finally relax and enjoy the fruits of our labor. However, to make the most of our golden years, it is crucial to plan for our financial security in advance. This is where the National Pension System (NPS) …

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