- Pradhan Mantri Jan Dhan Yojana:
Mr Narender Modi has turned out to be a leader with substantiated will and intensified drive to pluck India out of its economic predicament. The leader is always as good as his leadership and Mr Modi has proved to be a cut above the rest, owing to his unconventional ways that cut through the glass ceilings of propaganda and constraints. His conviction to power through, his belief in his goals, his knowledge about his subject and his perpetual will to learn reflects through his speeches, body language and decision making. His entire cabinet has been his army in arms that has stood by him and aided him with the necessary support to actualise various plans for the overall benefit of the nation
2. Pradhan Mantri Mudra Yojana:
Another scheme that deserves mention and applause is the “Pradhan Mantri Mudra Yojana” that extends monetary help to people who want to start their business from scratch or wish to expand their business from a small scale. The scheme was ratified under the patronage of our honourable Prime Minister and came into effect on 8 April,2015. MUDRA is an acronym for micro units development and refinance agency ltd which is a public sector financial institution whose function swivels around the idea of providing loans at low interest rates to the micro finance and non banking financial institutions which in turn can be disbursed to the MSMEs who can avail these for vehicle loans, business installation loan, business loans group loans(BLGL), and as rural business credit(RBC) all for the purpose of expanding their business. the traditional scenario for availing loans doesn’t reach out to a large section of our population due to lack of collateral or other necessary requirements but under this scheme the pre requisites are rather tolerant and flexible. The main aim is to provide easy credit to small enterprises in order to scale up.
3. Sukanya Samriddhi Yojana:
Under Modi government’s flagship campaign “Beti bachao, Beti padhao”, a slogan that resonates with the heart and soul of our country and has struck a chord with indigenous as well as people all over the world, a savings scheme was launched which was endorsed by the government of India called “Sukanya Samriddhi Yojana”and as the name rightly alludes to, it is aimed at the growth and development of the girl child and it is needless to mention that India needed such a nudge from a long time and our government is not shy of providing that necessary nudge.
4. Pradhan Mantri Suraksha Bima Yojana:
Another scheme that is worth mentioning and has proved to be yet another touchstone for Modi government is the accident insurance scheme called the Pradhan Mantri Suraksha Bima Yojana which was launched by Prime Minister Narendra Modi on 8 May, 2015 in Kolkata. Two other insurance schemes namely Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojana were also launched alongside Pradhan Mantri Suraksha Bima Yojana. The scheme literally aims at hand carrying the citizens of our country towards getting accident insurance cover owing to its nominal premium rates. It is appalling to know that only 20 percent of the population in our country avails any kind of insurance. Given the colossal size of our population, this figure is very alarming. Modi government has made an effort to hone the economic security scenario of our country by launching this scheme. Financial security for contingencies is one concept that continues to elude a large section of our population and confrontation with any unforeseen situations or emergencies provokes a lot of financial despair for the victim and his family. This scheme is available at a nominal annual premium of Rs12 and gives accidental death and disability cover. Under the ambit of this scheme the nominee gets a cover of Rs 2 lakh in case of accidental death or full disability, accidental death or full disability whereas in unfortunate scenarios of partial Permanent disability a life coverage of Rs 1 lakh is provided to the insured person. Apart from that any death, disability or accident arising out of natural calamities also falls under the ambit of this scheme. In case of death of the policy holder the nominee if stated and the legal heir if the nominee is not stated can file for the claim what shall in turn be appropriated to the account of the policy holder which in turn shall be disbursed to the nominee or legal heir’s account. A financial influx in such testing times helps the family and the victim to resurrect their life with some ease and safeguard their future wellbeing.
5. Deen Dayal Upadhyaya Gram Jyoti Yojana:
When we talk about the economic growth of a country like India, we have to pivot our attention towards the rural sector for it is the dominating faction of our society. One such scheme that is accountable for substantial work in this sphere is the “Deen Dayal Upadhyaya Gram Jyoti Yojana”. This scheme aims at providing a perpetual power supply to the rural India so as to facilitate their growth and development. Though this scheme is a revamped version of a former scheme but it has a much wider scope and a much clearer objective.
6. Atal Pension Yojana:
: India as an economy, relies heavily on the unorganized sector for its employment and income generation. Though efforts are being made to streamline the unorganized sector in various possible ways, but it still doesn’t take away from the fact that a sizeable population of our country currently falls within the ambit of unorganized sector. One such scheme that aims at providing financial security and stability to india’s unorganized sector is called the “Atal Pension Yojana” which was launched by the Modi governmemt in june,2015 . The scheme is a remodelled version of an already existing scheme called the Swavalamban Yojana, which was not received in the best of taste by the citizens.
7.Pradhan Mantri Jeevan Jyoti Bima Yojana:
Another such scheme that aims at including maximum people within the ambit of financial and economic security is called the Pradhan Mantri Jeevan Jyoti Bima Yojana appropriated and approved by the government of India. It is a life insurance scheme and was launched by Prime Minister Narender Modi in May,2015. This scheme is applicable to any Indian citizen who is 18-50 years of age and has an active bank account. This scheme is also linked the Jan dhan accounts and allows for an automatic deduction in the annual premium every year. Available at an annual premium of a meager amount of Rs330 per annum , it is aimed at attracting people to avail the benefits of this social security scheme. At the time of death of the insured person, the beneficiary is liable to get an amount of Rs two lakhs. It is an one year cover which can be renewed each year. All bank account holders can avail this scheme through the use of net banking or by simply filling out a respective form at the bank branch.
8. Make In India:
One scheme that has created ripples all over with world with its strong appeal is the “Make In India” campaign by the Modi government which is more like an comprehensive ideology in itself. The scheme was launched on September 25, 2014 and is primarily aimed at enriching India’s identity as that of an industrial powerhouse. Make in India resonates strongly with India’s desired economic state. The scope of this scheme is very wide and includes a wide variety of activities aimed at enriching India’s economic reliance upon itself. The department of industry policy and promotion (DIPP) has worked in synergy with specialists from all spheres to devise various strategies that could be implemented so as to make India an attractive destination for investment and business. The aim was to foster a top of the line manufacturing ambience and an alike IT infrastructure that could make India emerge as the new hub for business both nationally and internationally. The scheme focuses on 25 sectors fundamentally that includes aviation, chemicals, automobiles etc. These sectors shall be reinforced with additional help in various ways so as to strengthen them.
9.PRADHAN MANTRI SANSAD ADARSH GRAM YOJANA:
PRADHAN MANTRI SANSAD ADARSH GRAM YOJANA is another scheme launched by the Modi government that aims at strengthening the rural sector in our country. As the name of this scheme clearly suggests, it brings the parliament members from various constituencies under a shade and make them accountable for the development of villages in their areas. Under this scheme villages have to be converted into their best possible self also called Adarsh Grams, by strengthening the social and cultural infrastructure in the village and also by orienting the villagers with the power of resource mobilization.
The MPs have to take charge of three villages each from their respective constituencies provided those villages are not their or their in laws’ native places. These villages have to be converted into Adarsh grams by 2019. The plan is to achieve a remarkable target of 6433 adarsh grams by 2024.
10. Goods and Services tax:
The implementation of GST which is an acronym for goods and services tax is amongst the mainspring achievements of the Modi government. GST is a tax that is levied on each stage of the production process but is refundable to all parties except the final consumer. It is an indirect tax. Though the deliberations for GST had been going on since long, it was during Modi government’s tenure that the bill for GST saw the light of the day. It took a lot of toil by the cabinet to get it ratified and rolling because of a lot of disruptions by the opposition. But nevertheless all the efforts yielded good result and the bill was passed in an iconic midnight session of the parliament on 1st july,2017 by the president of India. The session was a decorated one as it marked the attendance of dignitaries from various spheres.