On February 6, 2020, the Haryana government announced the Mukhya Mantri Parivar Samridhi Yojana (MMPSY) scheme. All eligible households would get social and financial security under this scheme, including those who own up to two hectares of land and have an annual family income of less than INR 1.8 lakh per year from all sources. This plan intends to provide financial and social security in life/casualty insurance, retirement, and so on. Let us take a look at what the scheme has to offer.
| Scheme Name | Mukhyamantri Parivar Samridhi Yojana |
| Executing Authority | Government of Haryana |
| Benefits | Rs.6000/- per year in financial and social security benefits |
| Beneficiaries | Low-income families |
| Registration Status | Open |
| Registration Mode | Online |
| Registration procedure | Self, CSC, Saral Portal |
| Mode of transfer of Benefit | Direct Benefit Transfer |
| Official website | https://cm-psy.haryana.gov.in/#/ |
Haryana Mukhyamantri Parivar Samridhi Yojana 2022
Haryana’s state government launched the Mukhyamantri Parivar Samridhi Yojana to provide social security to all eligible families. This sum of social security would be distributed to individuals in the form of life insurance, accidental insurance, and pensionary payments. This initiative will assist around 15 to 20 lakh households.
This scheme aims to offer financial and social security to all of the state’s eligible families, whether via life and accident insurance or pensions. It is a state-sponsored initiative for economically weaker sections of society with an annual income of up to Rs.1,80,000/- and landholding of up to 2 hectares. This scheme also applies to small company owners with certain yearly revenue.
Transfer of Benefit
The money owed to beneficiaries under the MMPSY scheme will be deposited immediately into their bank accounts using the Direct Benefit Transfer method (DBT). The government would provide Rs 6,000 per year to each eligible household under the plan. The Haryana Mukhyamantri Parivar Samridhi plan has two components.
Between the ages of 18 and 40 years: 4 avenues for financial aid
| Option 1 | Rs. 6000 per year in three payments of Rs. 2000 |
| Option 2 | A family member who is nominated will get Rs 36,000 after five years. |
| Option 3 | After reaching 60, the recipient would get a monthly pension of between Rs 3,000 and Rs 15,000. |
| Option 4 | After 5 years, family chosen members would get between Rs. 15,000 and Rs. 30,000. A recipient may elect for insurance coverage in which the state government pays the premium. |
Between the ages of 40 and 60 years: 2 avenues for financial aid
| Option 1 | Rs 6,000 per year, payable in three payments of Rs 2,000 each. |
| Option 2 | Rs 36,000 upon completion of 5 years |
MMPSY Provident Fund for families
- Beneficiaries of this programme can use their third payment via the Family Provident Fund. If an MMPSY recipient intends to take advantage of the FPF option, they must indicate so on the application form.
- If the recipient so desires, the remaining fund balance (after deduction of contribution/premium amounts for all choices) will be invested/utilized by the State Government on behalf of the family in the Family Provident Fund. Following that, the qualified family will get returns on their FPF investments. The family may withdraw the amount of FPF once a year or after five years.
Name of all schemes under MMPSY
We shall explore all schemes that fall below MMPSY in this section. Central government schemes are covered under MMPSY. These are mentioned below.
Pradhan Mantri Jeevan Jyoti Bima Yojana
Each qualifying applicant shall get Rs 500/- each month below MMPSY. Each household with one person aged 18 to 50 years is eligible for life insurance at a rate of Rs 330/- per year below PMJJBY. Premiums will be deducted from their bank accounts.
Pradhan Mantri Shram Yogi Maandhan Yojana
All qualified applicants or nationals should get a pension of Rs 3000/- upon attaining the age of 60 under this yojana. Applicants should get a monthly premium ranging from Rs 55/- to Rs 200/-, deducted automatically from their bank account. When all qualified candidates pay the premium every month, they will solely get the government’s monthly pension.
Pradhan Mantri Kisan Maandhan Yojana
After attaining the age of 60, all qualified applicants or residents shall get a monthly pension of Rs 3,000/-. The pension in the form of funds will be sent straight to the bank account of the qualified applicant.
Accident Insurance Benefit (Pradhan Mantri Suraksha Bima Yojana)
Under this scheme, each qualified citizen household (with a maximum of one person) shall pay Rs 12/- for accident insurance. If an insured or pensioner dies, they will get 2 lakh rupees.
Eligibility criteria for MMPSY
This plan is offered solely to the households indicated below who live in Haryana.
- Families having a monthly income of at least Rs 15,000 or an annual income of at least Rs 1.8 LPA and a family estate of at least 5 acres or 2 hectares
- Families having a family identification number, i.e., a PPP number (Parivar Pehchan Patra)
Documents required for MMPSY
The eligible beneficiaries of the scheme must provide the following documents:
- Land documents
- Proof of Address
- Family income certificate
- Family Id
- Bank details
- Aadhaar card
Info. regarding: Ambala cantt pin code
MMPSY Registration 2022
We shall address many points in this section to outline the MMPSY registration process for MMPSY. The procedure is as follows:
- If interested candidates want to apply online for this programme or yojana, they must visit the Haryana Parivar Samriddhi Yojana’s official website.
- To apply offline under this programme, applicants must visit Antyodaya Centers, Atal Seva Centers, or Saral Centers. Let me tell you that this plan benefits around 15 to 20 lakh households.
- Social security should be available to all qualified people. Additionally, they will get complete funding from the state government.
- Funds will be deposited straight into the bank accounts of all qualifying applicants.
- It is important to remember that all qualified applicants must apply for this plan before the application form’s deadline.
How to apply for MMPSY online?
An eligible family head must complete a short form and give some basic information about the family members, including landholding and income, and occupations of family members. They must also choose the appropriate social security alternatives for family members. On the MMPSY Web Portal, you may apply for registration under this programme.
Applying for MMPSY is simple and can be done online at the official MMPSY website
Step 1: Navigate to the official website and for MMPSY login, click on the citizen login link.
Step 2: Select MMPSY and submit an application for the Mukhya Mantri Parivar Samridhi Yojana.
Step 3: Verify your cellphone number with an OTP.
Step 4: Land ownership, family income, and family member belongings, among other things, should be disclosed.
Step 5: Finally, finish the submission and print a copy of the request form for future reference.
Eligible applicants can fill the form by reaching any of the following places listed below:
- SARAL Kendras
- Gas agencies
- Atal Sewa Kendras (common service centers)
- Antyodaya Kendras
Also see: Know all about Saral Haryana
Objects and benefits of the MMPSY Scheme
- The scheme’s primary purpose is to give financial and social security to the state’s disadvantaged households.
- This plan would cover all households with an annual income of less than 1.8 lakh rupees.
- Farmers and labourers in the unorganised sector would also be covered.
- It intends to bring together participants of six federal government initiatives under one roof.
- Each qualified household would get Rs 6,000 per year, subject to the premiums and payments for each of the six plans covered.
- The state government shall bear all relevant contributions (beneficiary and central government) under the plan.
- The amount will be paid straight to the beneficiary’s bank account through DBT.