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<h1>Government Launches Pradhan Mantri Garib Kalyan Deposit Scheme 2016 to Boost Tax Compliance Under Finance Act</h1> The Pradhan Mantri Garib Kalyan Deposit Scheme, 2016, established by the Government of India under the Finance Act, 2016, commenced on December 17, 2016, and was valid until March 31, 2017. This scheme applied to individuals declaring under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016. It was notified by the Central Government in consultation with the Reserve Bank of India, aiming to facilitate compliance with direct tax regulations.