develop_region: 
South-Asia
iso2: 
IN
iso3: 
IND
Continent: 
Asia
Official name: 
Republic of India

Innovations in social protection financing: Impact Bonds

Increasing focus on evidence-based solutions to global development issues calls for innovation in interventions in this space. There is also a need to crowd in private investment given the fiscal constraints faced by governments around the world in financing social protection and development. Impact Bonds can succeed in attracting investment and achieving a shift in policy dialogue to outcome-evaluation, evidence and accountability, although it remains a challenge to find outcomes that serve a policy purpose that are also relevant to investors. Impact bonds In recent years, Impact Bonds have started being discussed as a potential solution for certain kinds of social challenges. These bonds have been variously named as Social Impact Bonds, Development Impact Bonds, Pay-...Read more

A controversial change to the age limit of an elderly welfare payment scheme is unlikely to be stopped, but officials should study how it could be implemented better, a top-level adviser to Hong Kong’s leader has said.

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The move is being taken after four years when the government increased pensions for the aged, widows and others from Rs 200 to Rs 1,000 per month. 

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Pradhan Mantri Matru Vandana Yojana (PMMVY) is a maternity benefit scheme implemented by Department of Social Welfare, Nagaland. It is a conditional cash transfer (DBT) scheme of Rs. 5000 for pregnant women and lactating mothers of 19 years of age and above for the ‘first live birth’ to be paid in three installments. Forms will be available at Anganwadi Centres and/or CDPO’s office.

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Brihanmumbai Municipal Corporation (BMC) has decided to opt for direct cash transfers to women self-help groups and differently-abled women, instead of distributing items among them.

Every year, under the women and child welfare scheme, the municipality’s planning department selects needy residents, including women self-help groups and women with over 40 per cent disability, providing them aid to set up a livelihood.

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Government is working on an Incentive Scheme wherein seven weeks wages shall be reimbursed to employers who employ women workers and provide the maternity benefit of 26 weeks paid leave, as provided for in the Maternity Benefit (Amendment) Act, 2017. 

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About 20 lakh new eligible persons are expected to benefit under the Aasara pension scheme following the State government’s decision to reduce the minimum age limit from 60 years to 57 years, commencing from April next. This would be in addition to the existing 40 lakh beneficiaries. Since there is no cap on the number of beneficiaries, the number is likely to increase further based on the applications received from eligible persons.

The State government will double the existing pension amount for beneficiaries in various categories.

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In a major relief to eligible beneficiaries, the State government decided to double the amount for all beneficiaries of Aasara pension scheme commencing from April next.

​Further, the government will also select new eligible beneficiaries under the scheme, for which selections will begin shortly.

Chief Minister K Chandrashekhar Rao on Wednesday directed Chief Secretary SK Joshi to initiate necessary measures in this regard and complete the selection process of eligible beneficiaries based on the voters’ list.

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Spending on health will double by 2025, with India intent on improving its record on mortality of mothers and infants.

India has pledged to spend $100bn (£79bn) more on healthcare over the next seven years in a move partly aimed at reducing maternal mortality rates.

The country will more than double its health spending from just over the current 1% of GDP to 2.5% by 2025, prime minister Narendra Modi announced.

 

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The direct benefit transfer (DBT) scheme for nutritional support to Tuberculosis (TB) patients — Nikshay Poshan Yojana (NPY) — rolled out from April this year has recorded slow progress in the last eight months. Of the 18 lakh registered TB patients across the country, only 4.69 lakh, barely 26% of the beneficiary pool, have received cash transfer so far.

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