The Maharashtra Department of Prisons has launched a loan scheme for inmates serving sentences in jails across the state. This credit scheme is titled _______.

The correct answer is Jivhala.

Key Points

• The Maharashtra Department of Prisons has introduced a financing programme called Jivhala for prisoners serving terms in various institutions throughout Maharashtra.
  This recently introduced credit programme, called Jivhala, is provided by Maharashtra State Cooperative Bank.
• For Indian convicts, a first-of-its-kind credit programme has been introduced. The current loan programmes that the banks are offering to the nation's prisoners are only intended to be used for rehabilitation when their prison terms are complete. 
• The Yerawada Central Jail inmates in Pune are the subjects of the pilot programme for this programme. About sixty prisons in Maharashtra will use this programme.
• This programme was primarily created for all convicted criminals serving sentences of more than three years.
• 230 loan applications from the Yerawada Central Prison are being processed during the scheme's pilot phase.
• There have been 222 male and 8 female loan applications out of the total.

Important Points

• Loans over Rs 50,000 and up to Rs 5 lakh would be offered under the "Kishor" Scheme.
• A savings programme supported by the Indian government and geared towards parents of girls is known as Sukanya Samriddhi Account. The programme encourages parents to start a fund for their female child's future education.
• A government of India incentive for the unorganised sector is the Swavalamban Scheme. The Government of India will pay Rs. 1000 annually to each NPS-Swavalamban account as long as the contribution is between Rs. 1000 and Rs. 12000 annually. This pension programme is intended to provide retirement benefits to the unorganised sector.