Subhadra Yojana

Apply Subhadra Yojana Online! Odisha Subhadra Yojana is a significant initiative towards women empowerment across the state. The scheme was announced by Prime Minister Narendra Modi in May 2024, which aims to improve the self-reliance of married women by providing them a large sum of Rs 50,000 for Five years and help them meet their personal and household needs.

 

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Contents [hide]

• 1 What Is Subhadra Yojana
• 2 Subhadra Yojana Overview
• 3 Benefits of Odisha Subhadra Yojana
• 4 Eligibility Criteria to Apply
• 5 Subhadra Yojana: Required Documents
• 6 How to Apply for Odisha Subhadra Yojana Online
• 7 Frequently Asked Questions

What Is Subhadra Yojana

The state government of Odisha launched the Subhadra Yojana, a program that aims to offer financial assistance to economically weaker women in the state. Eligible women will receive cash vouchers worth up to Rs 50,000 for 5 years, with Rs 10,000 to be given every year. This support should enable them to meet different requirements such as purchasing rations, education, and health facilities thus enhancing their general standard of life.

Applicants for the Subhadra Yojana must be married residents of Odisha. Through this scheme, women become empowered, hence enhancing their social status thereby reducing dependability on others for daily expenses. Thus, through this financial support, there is expected to be an improvement in the empowerment and upliftment of women in the state.

Subhadra Yojana was introduced by the Bharatiya Janata Party (BJP) on May 12th, 2024 as it fulfills its pledge to change the lives of women in Orissa State. It also includes a scheme where farmers are supported through procuring paddy at Rs 3100 per quintal which further contributes to economic development within the region.

Subhadra Yojana is one of the instances of women’s welfare by the BJP, showing their desire to help Odisha women lead more comfortable and self-reliant lives. This program marks a major step towards improving the financial standing and self-sufficiency of females so that they can take care of themselves as well as their families in a better way.

Subhadra Yojana Overview

Name of the Scheme	Subhadra Yojana
Announce Date	12 May 2024
State	Odisha
Beneficiary	Married Woman
Benefits	INR.50,000/ Cash Vouchers
Aim of Scheme	Woman Empowerment
Party	Bharatiya Janata Party (BJP)
Age Limit	21 and 60 years old.
Application Mode	Online/ Offline
Start Date	17 September 2024
Last Date	Update Soon

Benefits of Odisha Subhadra Yojana

Under the Odisha Subhadra Yojana, the following benefits are provided to eligible Under the Odisha Subhadra Yojana, the following benefits will be provided to eligible women beneficiaries:

1. Financial Assistance:
   • Each eligible woman will receive a cash voucher worth Rs 50,000.
   • These vouchers can be encashed over a period of Five years.
   • Rs 10,000 per year, to be paid in two installments.
   • Budget Rs. 55,825 crore allocated.
2. Economic Empowerment:
   • The primary goal is to improve women’s economic standing, making them self-sufficient and financially independent.
3. Targeted Beneficiaries:
   • The scheme primarily targets married women, especially those without government jobs.
   • It aims to include one woman from each family to ensure universal benefit.
4. Anganwadi Workers’ Inclusion:
   • Women working as Anganwadi workers are also included in this scheme, providing them with additional support.
5. Political Commitment:
   • The Bharatiya Janata Party (BJP) in Odisha has pledged to implement this scheme if they come into power.
   • They have also pledged to guarantee the procurement of paddy at Rs 3,100 per quintal, generate 3.5 lakh jobs in five years, and reimburse investors who lost money on chit fund businesses.
6. Digital Transaction Incentive:
   • Additional incentive of Rs. 500 will be given to 100 beneficiaries with highest digital transactions in each Gram Panchayat and Urban Local Body.
7. Application Process:
   • Free application forms available at Anganwadi Centres, Block Offices, Mo Seva Kendras, Jan Seva Kendras, etc.
   • A call center will be set up for assistance.
8. Scheme Duration:
   • Implemented from FY 2024-25 to FY 2028-29
9. Implementation & Monitoring:
   • The Women and Child Development Department will establish a Subhadra Society for the scheme’s implementation and monitoring.

The Odisha Subhadra Yojana aims to uplift the status of women in the community by providing them with financial independence and support.

Eligibility Criteria to Apply

Here are the key eligibility criteria for the Odisha Subhadra Yojana:

1. State Residency: The applicant must be a permanent resident of Odisha.
2. Gender: Only female applicants are eligible.
3. Marital Status: Only married women can apply.
4. Age Range: The applicant should be between 21 and 60 years old of 01.07.2024.
5. Employment Status: The applicant should not be employed in any government sector.
6. Household Limitation: Only one eligible woman per family can benefit from this scheme.
7. Income: Annual family income should be Rs 2.5 lakh or less.
8. Anganwadi Workers: Special benefits are extended to Anganwadi workers under this scheme. (If your Husband is a government employee then you are not eligible.)
9. Asha Workers: Special benefits are extended to Asha Didi workers under this scheme. (If your Husband is a government employee then you are not eligible.)

Make sure to review these criteria carefully before applying to ensure you meet all the requirements for the Odisha Subhadra Yojana.

Subhadra Yojana: Required Documents

To apply for the Subhadra Yojana, applicants need to submit several essential documents to verify their eligibility and facilitate the processing of their applications. Below is a detailed guide on the documents required:

1. Aadhar Card: The Aadhar Card is the most important government document required for the application. It confirms the identity of the applicant and verifies that they are a permanent resident of a particular state in India.
2. Bank Account: Applicants must have an active bank account in any bank within the Odisha state to receive the financial assistance provided under the Subhadra Yojana.
3. Address Proof: Valid address proof is necessary to confirm the residential address of the applicant. This can include documents such as a voter ID card, driving license, or any other government-issued address proof.
4. Mobile Number: A valid mobile number is required for communication purposes and to receive updates regarding the application status.
5. Residence Certificate: A residence certificate is required to verify that the applicant resides in the state of Odisha.
6. Email ID: A valid email ID is required for correspondence and to receive electronic notifications about the application process.
7. Electricity Bill: An electricity bill can be submitted as a supporting document for address proof and to verify the applicant’s residence.
8. Passport Size Photo: Passport size photos are necessary to confirm the identification of the applicant.
9. Income Certificate: The income certificate identifies the annual income of the applicant, which is crucial for assessing the need for financial assistance under the Subhadra Yojana.
10. Ration Card: The ration card is required to apply for the Subhadra Yojana. It helps identify financially unstable individuals in the state, enabling the government to provide assistance to the poor.
11. Age Proof: To meet the age eligibility criteria, applicants must provide valid age proof. The eligible age group for the Subhadra Yojana is between 21 to 60 years. Applicants outside this age range will not be considered for the scheme.
12. Marriage Certificate: The marriage certificate is necessary to meet the marriage eligibility criteria. Only married female citizens are eligible to receive financial assistance under the Subhadra Yojana.
13. Other Documents: Any other documents mentioned in the scheme guidelines should also be submitted as part of the application.

By ensuring the submission of all the above documents, applicants can complete their application for the Subhadra Yojana and increase their chances of receiving the financial assistance provided by the scheme.

How to Apply for Odisha Subhadra Yojana Online

If you’re an eligible woman in Odisha and wish to apply for the Subhadra Yojana 2024, you can follow these steps to complete the application process online:

Step-by-Step Application Guide:

1. Visit the Official Website: Go to the official website of the Subhadra Yojana. (Note: The official website has not been announced yet. Please stay tuned for updates from the government.)
2. Access the Home Page: Once you are on the official website, the home page will be displayed.
3. Initiate the Application: Look for and click on the Apply Now or Online Application option on the home page.
4. Fill Up Application Form: Fill in your details such as name, date of birth, address etc carefully into an application form which appears on your screen.
5. Upload Required Documents: Scan and upload the necessary documents as specified in the form. Ensure that all documents are clear and legible.
6. Review Your Information: Confirm all entered details again to ensure accuracy doubly make sure that uploaded documents are right and meet all necessary specifications as required.
7. Submit Your Application: After verifying all information, click on the Submit option to finalize your application.
8. Receive and Print the Application Receipt: Once submitted, you will receive an application receipt. Print out this receipt and keep it safe for future reference.

Important Notes:

• Official Website Announcement: As of now, the official website for the Odisha Subhadra Yojana has not been notified. Keep an eye out for official government announcements regarding the website launch.
• Application Timing: The scheme was announced by the Prime Minister in May 2024. The online application process will begin once the official website is live.

By following these steps, you can easily apply for the Subhadra Yojana 2024 once the official website is available. Make sure to stay updated with the latest information from government sources regarding the official website and application dates.

 

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WHAT IS SHARE MARKET

 

 

The share market is a platform where buyers and sellers come together to trade on publicly listed shares during specific hours of the day. People often use the terms ‘share market’ and ‘stock market’ interchangeably. However, the key difference between the two lies in the fact that while the former is used to trade only shares, the latter allows you to trade various financial securities such as bonds, derivatives, forex etc.

The principal stock exchanges in India are the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Types of Share Markets

Stock markets can be further classified into two parts: primary markets and secondary markets.

• Primary Share Markets

When a company registers itself for the first time at the stock exchange to raise funds through shares, it enters the primary market. This is called an Initial Public Offering (IPO), after which the company becomes publicly registered and its shares can be traded within market participants.

• Secondary Market

Once a company’s new securities have been sold in the primary market, they are then traded on the secondary stock market. Here, investors get the opportunity to buy and sell the shares among themselves at the prevailing market prices. Typically investors conduct these transactions through a broker or other such intermediary who can facilitate this process.

What Is Traded On The Share Market?

There are four categories of financial instruments that are traded on the stock exchange. These include:

1.     Shares

A share represents a unit of equity ownership in a company, and shareholders are entitled to any profits in the form of dividends and bear any losses the company may face. Many investors manage their shares through a Share trading app.

2.     Bonds

To undertake long term and profitable projects, a company requires substantial capital. One way to raise capital is to issue bonds to the public. These bonds represent a “loan” taken by the company. The bondholders become the creditors of the company and receive timely interest payments in the form of coupons. From the perspective of the bondholders, these bonds act as fixed income instruments, where they receive interest on their investment as well as their invested amount at the end of the prescribed period.

3.     Mutual Funds

Mutual funds are professionally managed funds that pool the money of numerous investors and invest the collective capital into various financial securities. You can find mutual funds for a variety of financial instruments like equity, debt, or hybrid funds, to name a few.

Each mutual fund scheme issues units that are of a certain value similar to a share. When you invest in such funds, you become a unit-holder in that mutual fund scheme. When instruments that are part of that mutual fund scheme earn revenue over time, the unit-holder receives that revenue reflected as the net asset value of the fund or in the form of dividend payouts.

4.     Derivatives

A derivative is a security that derives its value from an underlying security. This can have a wide variety such as shares, bonds, currency, commodities and more! The buyers and sellers of derivatives have opposing expectations of the price of an asset, and hence, enter into a “betting contract” with regards to its future price.

Conclusion

Today, investing in stocks can be considered as one of the best ways to generate long term wealth. With a strategic investment plan, any investor can achieve their long term financial goals with the help of the stock market.

Advantages of Stock Market

Now that you know what is share market, let’s uncover some of its advantages:

• Appropriate for Growth: Selling business shares generates steady, predictable, long-term financial growth. These revenues can be used by businesses to grow and flourish.
• Simple Entry and Exit: Buying and selling shares of any company at a price determined by supply and demand for that particular share allows for simple entry and exit on the stock market.
• Regulated Processes: A safe sanctuary for investors since listed businesses must comply with strict disclosure obligations and regulatory restrictions set forth by stock exchanges and market regulators. Stockbrokers who follow the route outlined by SEBI are not left behind.
• Secure Clearing Procedure: Investors purchasing equities that will be sent to their Demat Accounts are guaranteed a dependable and secure clearing procedure by the stock exchanges.

How Does The Stock Market Work?

One cannot truly understand the share m

arket definition without knowing how it works. Businesses use the stock market to raise capital by offering investors ownership holdings. Shares of stock are the name given to these equity investments.

Without incurring debt, companies can obtain the necessary funds to run and grow their operations by listing the shares for sale on the stock market. By trading their funds for shares on the stock market, investors gain.

Investors benefit from corporations' efforts to grow and expand their operations since these investments increase in value over time, resulting in capital gains for the stockholders. Furthermore, as their revenues increase, businesses distribute dividends to their stockholders.

While they fluctuate greatly over time, individual stocks' performances are considered collectively. The stock market is one of the most dependable methods to increase your money because it has traditionally given investors average yearly returns of about 10%.

What Are the Functions of a Stock Market?

There are several vital roles that stock markets play in an economy's financial structure. Besides knowing what is share market, explore the major roles that stock markets play for both businesses and investors:

Capitalization

One of its main purposes is the stock market's ability to help companies get funds. Businesses raise money for various uses, including R&D, project investment, operations expansion, and stock issuance (equity securities via IPO Investment). Investors give firms the funds to expand and generate economic value by buying these stocks.

Availability of Liquid Assets

The stock market offers investors liquidity by providing an easy-to-use platform for buying and selling stocks. Since it enables investors to quickly turn their assets into cash, liquidity is significant. It also promotes investment by giving investors who wish to sell their shares an exit route.

Discovering Prices

The supply and demand of stocks are the primary factors influencing prices in the stock market. It provides a forum for investors to voice their thoughts regarding a company's worth. Market prices are established due to continuous stock trading and represent investors' assessments of a company's past, present, and future performance.

Wealth Generation

This is an essential role that the stock market plays. Buying stock in companies with a price increase allows investors to profit significantly. As a result of this expansion, individual investors gain from capital appreciation.

Dividend Payout

A company's shareholders receive dividends, which are payouts generated by earnings. This gives shareholders a reliable source of income.

Risk Transfer

A certain amount of risk is associated with stock market investing. Investors risk seeing their assets lose value due to shifting market dynamics or the success of the businesses they fund. When investors trade stocks, they are basically sharing and transferring these risks.

Financial Measurement

It's common knowledge that the state of the economy as a whole can be inferred from stock market performance. In contrast, a dropping market may portend future downturns or economic instability. A rising stock market can reflect both economic growth and investor optimism.

Market Efficiency

Stock prices in efficient markets are updated promptly and precisely based on available information. In turn, this promotes market efficiency and openness by incentivizing businesses to give the public timely and accurate data.