The Pradhan Mantri Garib Kalayan Yojana is retailored Income Declaration Sheme with a black money decalration option from December 17, 2016 to March 31st 2017. Money mobilised from the PMGKY Income Declaration Scheme will be utilised to finance the welfare programme for the poor which is called in the same name -Pradhan Mantri Garib Kalayan Yojana (PMGKY).
Previously, the government has notified Pradhan Mantri Garib Kalyan Yojana and a cess as a tax (including penalty) on black money in the form of deposit made with banks during the demonetization period (after November 9).
