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Details of All Schemes Launched by Modi Government:-
With 2019 Lok Sabha elections right around the corner, all eyes have turned towards the government’s performance in the past four years, scrutinizing. Modi government came to power in 2014, and since then, it has launched several schemes and initiatives. This is the last year for the BJP government to prove its worth before its performance is put to test in the 2019 elections.
Several new schemes have been launched till now and some of the old schemes have been restructured or extended seeking their progress. From uplifting of the backward states to address the issue of malnutrition among women and children, from hindering drug trafficking among the youth to set up of solar plants in the rural areas, Modi Government is taking care of all the weak areas of the Indian economy through their schemes and programmes.
Following are the schemes/programmes launched by the Modi Government for the benefit of its country’s citizen and the country as a whole.
1. Ayushman Bharat-National Health Protection Mission
Ayushman Bharat Yojana is a scheme of the Central government which focuses on the wellness of the poor families and providing medical benefits to them. The scheme will include the on-going centrally sponsored schemes-Rashtriya Swasthya Bima Yojana (RSBY) and the Senior Citizen Health Insurance Scheme (SCHIS). On the auspicious occasion of the 72nd Independence Day, our honorable Prime Minister Narendra Modi announced the scheme. On 23rd September 2018, Ayushman Bharat Yojana was finally launched as Pradhan Mantri Jan Arogya Abhiyan.
2. Solar Charkha Mission
President Ram Nath Kovind launched Solar Charkha Mission on June 27, 2018, in which the government will be providing a subsidy of Rs. 550 crore to the thousands of artisans and generating employment in the rural areas. The Ministry of Micro Small and Medium Enterprise (MSME) will cover the 50 identified clusters across the country including in the Northeast and in each cluster 400 to 2,000 artisans will be employed. Along with this mission, the government also launched a Sampark portal, a digital platform on which five lakh job seekers can connect with the Ministry of Micro Small and Medium Enterprise (MSME).
3. Transformation of Aspirational Districts Programme
NITI Aayog announced “Transformation of Aspirational Districts” programme which aims to quickly transform and uplift 101 backward districts in India in terms of basic amenities, infrastructure facilities, health facilities, standards of living, etc. The primary areas of focus in this programme are Health & Nutrition, Agriculture & Water Resources, Education, Financial Inclusion & Skill Development, and Basic Infrastructure which would help the Government to decide which district has performed better under this programme.
4. National Nutrition Mission (POSHAN Abhiyan)
National Nutrition Mission was launched as an expansion of Beti Bachao Beti Padhao programme by Prime Minister Narendra Modi at Jhunjhunu in Rajasthan on the occasion of the International Women’s Day on March 8, 2018. The main objectives of this scheme are to attain proper nutritional status among children from 0-6 years, adolescent girls, pregnant women, and lactating mothers in a timely manner; reduce stunting, under-nutrition, and anaemia among young children, women, and adolescent girls; and lowering low birth weight by at least 2% per annum.
5. Anti-Narcotics Scheme
The Anti-Narcotics Scheme is further extended by the Union government for three years from 2017 to 2020 to prevent drug consumption and trafficking in the nation. The government has provided a financial assistance of Rs. 21 crore towards this scheme. The scheme monetarily assists the states and the Union Territories engaged in the controlling of inter-state and cross-border drug trafficking.
6. GOBAR-Dhan Yojana
The Galvanising Organic Bio-Agro Resources Dhan (GOBAR-DHAN) scheme was launched by Haryana’s Chief Minister Manohar Lal Khattar and Uma Bharti (Union Minister for Sanitation and Drinking Wat
er) on April 30 this year. The GOBAR-Dhan scheme is an effort by the government to improve the living conditions in the Indian villages and make them open-defecation free. A segment of the Swachh Bharat initiative, this scheme will focus on useful conversion of solid waste and cattle dung into manure and biogas.
7. Green Revolution-Krishonnati Yojana
The Green Revolution-Krishonnati Yojana has been further extended till 2019-20 beyond the 12th five-year plan by the Cabinet Committee on Economic Affairs (CCEA). This scheme comprises of 11 different schemes and missions under a single umbrella. The main aim of this scheme is the comprehensive development of the entire agriculture and allied sector. It is launched for the welfare of farmers and is a major step towards “Doubling the Farmers Income by 2022”.
8. Samagra Shiksha Scheme
The Samagra Shiksha Scheme was launched by the Union Ministry of Human Resource Development (HRD) on May 24, 2018, in view of improving the quality of education at school level in India. It is an overarching program which will incorporate digital technology and introduce skill development in the school education system. An annual grant of five thousand to twenty thousand rupees will be provided for strengthening libraries in schools under the program. The scheme unifies the elements of Sarva Shiksha Abhiyan (SSA), Rashtriya Madhyamik Shiksha Abhiyan (RMSA), and Teacher Education (TE) to treat school education holistically, from pre-school to Class 12 levels.
9. Atal Bhujal Yojana
Atal Bhujal Yojana is Central Government’s Rs 6,000-crore ambitious water conservation scheme launched to deal with the ever-deepening crisis of depleting groundwater level. The main objectives of this scheme are to revitalize groundwater level and create sufficient water storage for agricultural purposes; rejuvenation of surface water bodies so that groundwater level can be increased, especially in the rural areas; recharging sources of groundwater and ensure effective use of water by involving people at local level. The scheme was launched in water-stressed states such as Gujarat, Haryana, Karnataka, Maharashtra, Uttar Pradesh, Rajasthan, and Madhya Pradesh.
10. First “Khelo India School Games”
The Central Government of India inaugurated the first edition of the Khelo India School Games (KISG) at the Indira Gandhi Indoor Stadium in New Delhi from January 31 to February 8, 2018. This program highlighted India’s young sporting talent and their potential in sports. The main objectives behind KISG were to revive the sports culture in India at the grass-root level, to build a strong foundation of all the sports played in the country, and make India a great sporting nation. This mega event was held across 16 disciplines in the under-17 age category. Around 5,000 school children from all the 29 states and 7 union territories participated in the event.
11. National Bamboo Mission (Restructured under Budget 2018)
National Bamboo Mission has been restructured by the government in the Union Budget 2018 in order to promote commercial bamboo cultivation in the northeastern states to boost the income of the bamboo farmers. The Union Government has allocated Rs. 1,290 crore towards the mission to promote holistic development of bamboo production as an industry in the country. It will offer a continuous source of income to the bamboo farmers and communities owning bamboo groves. There is a proposition of utilizing this mission under the Pradhan Mantri Awas Yojana, the government’s flagship programme for housing to set up bamboo houses.
12. One Crore Loan in 59 minutes for MSMEs
Modi administration announced this scheme for the Micro, Small, and Medium Enterprises (MSMEs) on the eve of Diwali. As per this scheme, the eligible enterprises can avail loans up to Rs. 1 crore and it will be sanctioned within an hour. All they have to do is register at the SIDBI portal and wait for it to get approved. The Modi government’s aim through this scheme is to uplift the MSME sector of the country since it’s a significant one which contributes
towards the economy.
13. Deen Dayal Upadhyaya Grameen Kaushalya Yojana
Launched on 25 September 2014, Deen Dayal Upadhyaya Grameen Kaushalya Yojana, also known as DDU-GKY, aims to uplift the rural sector of India. This top scheme launched by Modi Government targets people in the age group between 15 and 35 years. Its vision is to turn the rural youth into a globally relevant and an economically independent workforce. It is also tasked with adding diversity to the income of poor rural families and catering to the rural youth’s career aspirations. Rs 1,500 crore is set aside which will be used for enhancing their employability. As part of the skill development initiative of the Modi government, disbursements would be made directly into bank accounts of the students through a digital voucher.
14. Pradhan Mantri Make in India
This scheme launched by Modi government is aimed to encourage companies to make their products in the country only. It also wants to bring more foreign investment in the Indian market. Launched on 25 September 2014, this Pradhan Mantri Make in India scheme permits 100% FDI (Foreign Direct Investment) in all but 25 sectors, namely, defence industry (49%), Media of India (26%), and Space industry (74%). After the launch of the scheme, ₹16.40 lakh crore was given to India as investment commitments and ₹1.5 lakh crore as investment inquiries. Due to these, in September 2014, India surpassed the US and China as a top global destination for FDI.
13. Swachh Bharat Abhiyan
This Modi government scheme is also known as Swachh Bharat Mission. Launched officially on Mahatma Gandhi’s birthday, 2 October 2014, the mission has the vision to make India open-defecation free by 2 October 2019. It aims to clean infrastructure, roads, and streets of rural areas, towns, and cities. Its objective is to construct community-owned and household-owned toilets. Since 2014, a total of 86 million toilets have been constructed
14. Sansad Adarsh Gram Yojana
Launched on Jayaprakash Narayan’s birth anniversary, 11 October 2014, this Modi government scheme focuses on the cultural and social development in the villages. The rural development programme has two key objectives. The first is to develop model villages which will be called Adarsh Grams. The objective will be achieved through the existing schemes as well as the nearly designed initiatives which will vary from village to village. The second objective is to curate models for local development which will be carried over to other villages as well.
15. Mission Indradhanush
This health mission was launched on 25 December 2014 by the government of India. Its primary goal is to immunize all kids under the age of 2 years and also the pregnant women against diseases which can be prevented by taking timely vaccines. There are several diseases targeted, namely, Hepatitis B, measles, tuberculosis, poliomyelitis, tetanus, whooping cough, Haemophilus influenza type B, Japanese encephalitis, pneumonia, Rotavirus, Rubella, and diphtheria.
It aims to cover 201 districts in its first phase. Of the total, 82 districts fall in the states of Madhya Pradesh, Rajasthan, Bihar, and Uttar Pradesh. The districts have been chosen such that they have almost 50% of India’s unvaccinated kids. The administration and planning of this key government scheme are similar to that of Pulse Polio Immunization (PPI)
16. Beti Bachao, Beti Padhao Yojana
Launched on 15 Jan 2015, this Beto Bachao, Beti Padhao Yojana scheme was launched to deal with the issue of skewed child sex ratio. According to the census data 2011, the child gender ratio is 918 girls for every 1,000 boys. It aims to improve the existing welfare services that are meant for girls. This initiative is also jointly supported by the Ministry of Human Resource Development, the Ministry of Health and Family Welfare, and the Ministry of Women and Child Development. The scheme was initiated with a funding of ₹100 crore. It mainly targets the regions in Delhi, Bihar, Punjab, Uttarakhand, Haryana, and Uttar Pradesh. Sakshi Malik, the Olympics 2016 bronze
medallist, is its ambassador.
17. HRIDAY – Heritage City Development and Augmentation Yojana
Launched on 21 January 2015, this Modi scheme aims to preserve the heritage character of all the Heritage Cities in the country. Its goal is to bring together the economic growth and urban planning to realize the vision. Set with a budget of ₹500 crore, its target cities are Warangal, Velankanni, Varanasi, Mathura, Puri, Kanchipuram, Gaya, Dwarka, Badami, Amritsar, Amaravati, and Ajmer. This scheme supports the revitalization of urban infrastructures such as monuments, and other heritage assets such as temples, Ghats, and more. This scheme will also oversee the development of information kiosks, citizen services, public transportation & parking, roads, sanitation facilities, etc.
18. Sukanya Samridhi Yojana (Girl Child Prosperity Scheme)
This scheme was launched by the Government of India on 22 January 2015. This scheme is also a part of Beti Bachao, Beti Padhao. It encourages parents with girl child to set up a fund for them which will take care of their marriage and future education expenses. This saving scheme provided tax benefits and an interest rate of 8.5% from October 2017 to December 2017. The account can be opened at any commercial bank’s branch or an India Post office.
19. Soil Health Card Scheme
Launched on 19 February 2015, this Modi scheme issues farmers soil cards. It aims to help farmers to produce higher yields at minimal cost. It plans to implement that through balanced use of fertilizers. This scheme spreads awareness among farmers about the right amount of nutrients for different types of crops. In plans to take soil samples which will be tested in the labs. The soil’s micro-nutrients deficiency and strengths will be measured. The results and the related suggestions will be printed on the cards and given to the farmers. The government is targeting 14 crore farmers with this scheme.
20. Pradhan Mantri MUDRA Yojana
The Modi government has set up the MUDRA (Micro Units Development & Refinance Agency Ltd. ) which aims to provide financial assistance to the small and micro enterprises for their activities in the non-farm and non-corporate sector. The Pradhan Mantri MUDRA Yojana (PMMY), however, provides funding to the organizations whose credit# needs fall below ₹10 Lakh.
Under this scheme, there are three stages which mark the funding needs and growth of the beneficiary organization in the question. These are:
Shishu: This covers loans less than ₹50,000
Kishore: This covers loans more than ₹50,000 and less than ₹5,00,000
Tarun: This covers loans more than ₹5,00,000 and less than ₹10,00,000
Under this scheme, eligible business segments include food-service units, fruits/vegetable vendors, service sector units, truck operators, machine operators, food processors, repair shops, small industries, and more.
21. Atal Pension Yojana
Atal Pension Yojana was launched by Modi in Kolkata on 9 May 2015. This government-backed pension scheme aims towards the unorganized sector. It has been found that as of May 2015, only one-fifth of the country’s population has any legit pension policy. This scheme aims to increase the ratio. The subscribers can opt for a monthly pension plan ranging from ₹1,000 to ₹5,000. They are required to make monthly contributions regularly.
22. Pradhan Mantri Jeevan Jyoti Bima Yojana
This Life insurance scheme was launched on 9 May 2015 by the PM Modi. People between the age of 18 and 50 with bank accounts are eligible for this scheme. On this Yojana, the GST is also exempted. The scheme has ₹330 as an annual premium. Under this scheme, the amount gets debited automatically from the account. An amount of ₹2 lakh will be paid to the nominee in case the subscriber dies. As of 30 May 2018, more than 5 crore people have enrolled in this scheme.
Retail Banking updates:
Details of All Schemes Launched by Modi Government:-
With 2019 Lok Sabha elections right around the corner, all eyes have turned towards the government’s performance in the past four years, scrutinizing. Modi government came to power in 2014, and since then, it has launched several schemes and initiatives. This is the last year for the BJP government to prove its worth before its performance is put to test in the 2019 elections.
Several new schemes have been launched till now and some of the old schemes have been restructured or extended seeking their progress. From uplifting of the backward states to address the issue of malnutrition among women and children, from hindering drug trafficking among the youth to set up of solar plants in the rural areas, Modi Government is taking care of all the weak areas of the Indian economy through their schemes and programmes.
Following are the schemes/programmes launched by the Modi Government for the benefit of its country’s citizen and the country as a whole.
1. Ayushman Bharat-National Health Protection Mission
Ayushman Bharat Yojana is a scheme of the Central government which focuses on the wellness of the poor families and providing medical benefits to them. The scheme will include the on-going centrally sponsored schemes-Rashtriya Swasthya Bima Yojana (RSBY) and the Senior Citizen Health Insurance Scheme (SCHIS). On the auspicious occasion of the 72nd Independence Day, our honorable Prime Minister Narendra Modi announced the scheme. On 23rd September 2018, Ayushman Bharat Yojana was finally launched as Pradhan Mantri Jan Arogya Abhiyan.
2. Solar Charkha Mission
President Ram Nath Kovind launched Solar Charkha Mission on June 27, 2018, in which the government will be providing a subsidy of Rs. 550 crore to the thousands of artisans and generating employment in the rural areas. The Ministry of Micro Small and Medium Enterprise (MSME) will cover the 50 identified clusters across the country including in the Northeast and in each cluster 400 to 2,000 artisans will be employed. Along with this mission, the government also launched a Sampark portal, a digital platform on which five lakh job seekers can connect with the Ministry of Micro Small and Medium Enterprise (MSME).
3. Transformation of Aspirational Districts Programme
NITI Aayog announced “Transformation of Aspirational Districts” programme which aims to quickly transform and uplift 101 backward districts in India in terms of basic amenities, infrastructure facilities, health facilities, standards of living, etc. The primary areas of focus in this programme are Health & Nutrition, Agriculture & Water Resources, Education, Financial Inclusion & Skill Development, and Basic Infrastructure which would help the Government to decide which district has performed better under this programme.
4. National Nutrition Mission (POSHAN Abhiyan)
National Nutrition Mission was launched as an expansion of Beti Bachao Beti Padhao programme by Prime Minister Narendra Modi at Jhunjhunu in Rajasthan on the occasion of the International Women’s Day on March 8, 2018. The main objectives of this scheme are to attain proper nutritional status among children from 0-6 years, adolescent girls, pregnant women, and lactating mothers in a timely manner; reduce stunting, under-nutrition, and anaemia among young children, women, and adolescent girls; and lowering low birth weight by at least 2% per annum.
5. Anti-Narcotics Scheme
The Anti-Narcotics Scheme is further extended by the Union government for three years from 2017 to 2020 to prevent drug consumption and trafficking in the nation. The government has provided a financial assistance of Rs. 21 crore towards this scheme. The scheme monetarily assists the states and the Union Territories engaged in the controlling of inter-state and cross-border drug trafficking.
6. GOBAR-Dhan Yojana
The Galvanising Organic Bio-Agro Resources Dhan (GOBAR-DHAN) scheme was launched by Haryana’s Chief Minister Manohar Lal Khattar and Uma Bharti (Union Minister for Sanitation and Drinking Wat
er) on April 30 this year. The GOBAR-Dhan scheme is an effort by the government to improve the living conditions in the Indian villages and make them open-defecation free. A segment of the Swachh Bharat initiative, this scheme will focus on useful conversion of solid waste and cattle dung into manure and biogas.
7. Green Revolution-Krishonnati Yojana
The Green Revolution-Krishonnati Yojana has been further extended till 2019-20 beyond the 12th five-year plan by the Cabinet Committee on Economic Affairs (CCEA). This scheme comprises of 11 different schemes and missions under a single umbrella. The main aim of this scheme is the comprehensive development of the entire agriculture and allied sector. It is launched for the welfare of farmers and is a major step towards “Doubling the Farmers Income by 2022”.
8. Samagra Shiksha Scheme
The Samagra Shiksha Scheme was launched by the Union Ministry of Human Resource Development (HRD) on May 24, 2018, in view of improving the quality of education at school level in India. It is an overarching program which will incorporate digital technology and introduce skill development in the school education system. An annual grant of five thousand to twenty thousand rupees will be provided for strengthening libraries in schools under the program. The scheme unifies the elements of Sarva Shiksha Abhiyan (SSA), Rashtriya Madhyamik Shiksha Abhiyan (RMSA), and Teacher Education (TE) to treat school education holistically, from pre-school to Class 12 levels.
9. Atal Bhujal Yojana
Atal Bhujal Yojana is Central Government’s Rs 6,000-crore ambitious water conservation scheme launched to deal with the ever-deepening crisis of depleting groundwater level. The main objectives of this scheme are to revitalize groundwater level and create sufficient water storage for agricultural purposes; rejuvenation of surface water bodies so that groundwater level can be increased, especially in the rural areas; recharging sources of groundwater and ensure effective use of water by involving people at local level. The scheme was launched in water-stressed states such as Gujarat, Haryana, Karnataka, Maharashtra, Uttar Pradesh, Rajasthan, and Madhya Pradesh.
10. First “Khelo India School Games”
The Central Government of India inaugurated the first edition of the Khelo India School Games (KISG) at the Indira Gandhi Indoor Stadium in New Delhi from January 31 to February 8, 2018. This program highlighted India’s young sporting talent and their potential in sports. The main objectives behind KISG were to revive the sports culture in India at the grass-root level, to build a strong foundation of all the sports played in the country, and make India a great sporting nation. This mega event was held across 16 disciplines in the under-17 age category. Around 5,000 school children from all the 29 states and 7 union territories participated in the event.
11. National Bamboo Mission (Restructured under Budget 2018)
National Bamboo Mission has been restructured by the government in the Union Budget 2018 in order to promote commercial bamboo cultivation in the northeastern states to boost the income of the bamboo farmers. The Union Government has allocated Rs. 1,290 crore towards the mission to promote holistic development of bamboo production as an industry in the country. It will offer a continuous source of income to the bamboo farmers and communities owning bamboo groves. There is a proposition of utilizing this mission under the Pradhan Mantri Awas Yojana, the government’s flagship programme for housing to set up bamboo houses.
12. One Crore Loan in 59 minutes for MSMEs
Modi administration announced this scheme for the Micro, Small, and Medium Enterprises (MSMEs) on the eve of Diwali. As per this scheme, the eligible enterprises can avail loans up to Rs. 1 crore and it will be sanctioned within an hour. All they have to do is register at the SIDBI portal and wait for it to get approved. The Modi government’s aim through this scheme is to uplift the MSME sector of the country since it’s a significant one which contributes
towards the economy.
13. Deen Dayal Upadhyaya Grameen Kaushalya Yojana
Launched on 25 September 2014, Deen Dayal Upadhyaya Grameen Kaushalya Yojana, also known as DDU-GKY, aims to uplift the rural sector of India. This top scheme launched by Modi Government targets people in the age group between 15 and 35 years. Its vision is to turn the rural youth into a globally relevant and an economically independent workforce. It is also tasked with adding diversity to the income of poor rural families and catering to the rural youth’s career aspirations. Rs 1,500 crore is set aside which will be used for enhancing their employability. As part of the skill development initiative of the Modi government, disbursements would be made directly into bank accounts of the students through a digital voucher.
14. Pradhan Mantri Make in India
This scheme launched by Modi government is aimed to encourage companies to make their products in the country only. It also wants to bring more foreign investment in the Indian market. Launched on 25 September 2014, this Pradhan Mantri Make in India scheme permits 100% FDI (Foreign Direct Investment) in all but 25 sectors, namely, defence industry (49%), Media of India (26%), and Space industry (74%). After the launch of the scheme, ₹16.40 lakh crore was given to India as investment commitments and ₹1.5 lakh crore as investment inquiries. Due to these, in September 2014, India surpassed the US and China as a top global destination for FDI.
13. Swachh Bharat Abhiyan
This Modi government scheme is also known as Swachh Bharat Mission. Launched officially on Mahatma Gandhi’s birthday, 2 October 2014, the mission has the vision to make India open-defecation free by 2 October 2019. It aims to clean infrastructure, roads, and streets of rural areas, towns, and cities. Its objective is to construct community-owned and household-owned toilets. Since 2014, a total of 86 million toilets have been constructed
14. Sansad Adarsh Gram Yojana
Launched on Jayaprakash Narayan’s birth anniversary, 11 October 2014, this Modi government scheme focuses on the cultural and social development in the villages. The rural development programme has two key objectives. The first is to develop model villages which will be called Adarsh Grams. The objective will be achieved through the existing schemes as well as the nearly designed initiatives which will vary from village to village. The second objective is to curate models for local development which will be carried over to other villages as well.
15. Mission Indradhanush
This health mission was launched on 25 December 2014 by the government of India. Its primary goal is to immunize all kids under the age of 2 years and also the pregnant women against diseases which can be prevented by taking timely vaccines. There are several diseases targeted, namely, Hepatitis B, measles, tuberculosis, poliomyelitis, tetanus, whooping cough, Haemophilus influenza type B, Japanese encephalitis, pneumonia, Rotavirus, Rubella, and diphtheria.
It aims to cover 201 districts in its first phase. Of the total, 82 districts fall in the states of Madhya Pradesh, Rajasthan, Bihar, and Uttar Pradesh. The districts have been chosen such that they have almost 50% of India’s unvaccinated kids. The administration and planning of this key government scheme are similar to that of Pulse Polio Immunization (PPI)
16. Beti Bachao, Beti Padhao Yojana
Launched on 15 Jan 2015, this Beto Bachao, Beti Padhao Yojana scheme was launched to deal with the issue of skewed child sex ratio. According to the census data 2011, the child gender ratio is 918 girls for every 1,000 boys. It aims to improve the existing welfare services that are meant for girls. This initiative is also jointly supported by the Ministry of Human Resource Development, the Ministry of Health and Family Welfare, and the Ministry of Women and Child Development. The scheme was initiated with a funding of ₹100 crore. It mainly targets the regions in Delhi, Bihar, Punjab, Uttarakhand, Haryana, and Uttar Pradesh. Sakshi Malik, the Olympics 2016 bronze
medallist, is its ambassador.
17. HRIDAY – Heritage City Development and Augmentation Yojana
Launched on 21 January 2015, this Modi scheme aims to preserve the heritage character of all the Heritage Cities in the country. Its goal is to bring together the economic growth and urban planning to realize the vision. Set with a budget of ₹500 crore, its target cities are Warangal, Velankanni, Varanasi, Mathura, Puri, Kanchipuram, Gaya, Dwarka, Badami, Amritsar, Amaravati, and Ajmer. This scheme supports the revitalization of urban infrastructures such as monuments, and other heritage assets such as temples, Ghats, and more. This scheme will also oversee the development of information kiosks, citizen services, public transportation & parking, roads, sanitation facilities, etc.
18. Sukanya Samridhi Yojana (Girl Child Prosperity Scheme)
This scheme was launched by the Government of India on 22 January 2015. This scheme is also a part of Beti Bachao, Beti Padhao. It encourages parents with girl child to set up a fund for them which will take care of their marriage and future education expenses. This saving scheme provided tax benefits and an interest rate of 8.5% from October 2017 to December 2017. The account can be opened at any commercial bank’s branch or an India Post office.
19. Soil Health Card Scheme
Launched on 19 February 2015, this Modi scheme issues farmers soil cards. It aims to help farmers to produce higher yields at minimal cost. It plans to implement that through balanced use of fertilizers. This scheme spreads awareness among farmers about the right amount of nutrients for different types of crops. In plans to take soil samples which will be tested in the labs. The soil’s micro-nutrients deficiency and strengths will be measured. The results and the related suggestions will be printed on the cards and given to the farmers. The government is targeting 14 crore farmers with this scheme.
20. Pradhan Mantri MUDRA Yojana
The Modi government has set up the MUDRA (Micro Units Development & Refinance Agency Ltd. ) which aims to provide financial assistance to the small and micro enterprises for their activities in the non-farm and non-corporate sector. The Pradhan Mantri MUDRA Yojana (PMMY), however, provides funding to the organizations whose credit# needs fall below ₹10 Lakh.
Under this scheme, there are three stages which mark the funding needs and growth of the beneficiary organization in the question. These are:
Shishu: This covers loans less than ₹50,000
Kishore: This covers loans more than ₹50,000 and less than ₹5,00,000
Tarun: This covers loans more than ₹5,00,000 and less than ₹10,00,000
Under this scheme, eligible business segments include food-service units, fruits/vegetable vendors, service sector units, truck operators, machine operators, food processors, repair shops, small industries, and more.
21. Atal Pension Yojana
Atal Pension Yojana was launched by Modi in Kolkata on 9 May 2015. This government-backed pension scheme aims towards the unorganized sector. It has been found that as of May 2015, only one-fifth of the country’s population has any legit pension policy. This scheme aims to increase the ratio. The subscribers can opt for a monthly pension plan ranging from ₹1,000 to ₹5,000. They are required to make monthly contributions regularly.
22. Pradhan Mantri Jeevan Jyoti Bima Yojana
This Life insurance scheme was launched on 9 May 2015 by the PM Modi. People between the age of 18 and 50 with bank accounts are eligible for this scheme. On this Yojana, the GST is also exempted. The scheme has ₹330 as an annual premium. Under this scheme, the amount gets debited automatically from the account. An amount of ₹2 lakh will be paid to the nominee in case the subscriber dies. As of 30 May 2018, more than 5 crore people have enrolled in this scheme.
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