Welfare Scheme

byPaytm Editorial TeamNovember 3, 2025

Meaning

Government initiatives designed to improve citizen well-being.

Definition

A Welfare Scheme offers financial aid, healthcare, education, or other support to vulnerable populations. Aims to reduce poverty and promote social equity.

How It Works

Governments identify eligible beneficiaries by criteria. Funds or services are disbursed. Beneficiaries often Link a Bank Account to UPI for direct financial assistance.

Objectives and Benefits

Objectives include poverty alleviation, social security, and ensuring basic necessities. Leads to improved living standards and reduced disparities.

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