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PRAYAAS Scheme The Employees’ Provident Fund Organisation (EPFO) sent the pension payment orders to the retiring employees under the Employees’ Pension Scheme, 1995 through the “PRAYAAS” initiative. PRAYAAS is an initiative of the EPFO to disburse pension payment orders on the very day of retirement/ superannuation.

Model Insurance Villages

Model Insurance Villages The Insurance Regulatory and Development Authority of India (IRDAI) has come out with the concept of Model Insurance Villages (MIV). The idea behind the MIV concept is to offer comprehensive insurance protection to all the major insurable risks that villagers are exposed to and make available covers at an affordable or subsidised cost. Such MIVs are expected to tackle losses due to natural calamities like floods and earthquakes. There’s no catastrophe insu

State Disaster Response Fund

State Disaster Response Fund The Centre has released the first instalment of the State Disaster Response Fund (SDRF) for 2021-22 to all the States, in the wake of the second wave of COVID-19. Normally, the annual exercise of the release of the first instalment is usually done in June, as per the recommendations of the Finance Commission. As a special dispensation, the Department of Expenditure, Ministry of Finance, at the recommendation of the Home Ministry, has released in advance the