The BJP-led NDA government has concluded eight years in power, with PM Narendra Modi proving that the era has been focused on good leadership and the wellbeing of the citizens. Several key judgments had been undertaken by the Cabinet after he entered power. Let us attempt to memorize the significant projects and strategies launched by the party for the nation’s progress and prosperity. All schemes of the Indian government are launched to address several economic and social problems that residents confront.
Here is the list of beneficial Schemes launched by the Modi government so far:
1. Make in India
Narendra Modi initiated and launched a major national initiative to promote investment, stimulate growth in research and development, guarantee product originality, and generate talent-based jobs by building an industrial sector. The strategic plan was to establish an investment-friendly culture, build efficient and modern technology, and introduce new areas to foreign investors. The project aims to “turn India into a worldwide design and manufacturing export center” by focusing on different economic areas for job creation and new skills.
2. Digital India
The goal is to transform India into an electronic-enabled economy. Under this initiative, the Indian government aspires for all govt departments and the citizens of India to communicate digitally or electronically to ensure effective administration and transparency. It also aims to cut paperwork by providing services accessible to citizens electronically. A strategy is also underway to link all towns and rural regions via the internet.
3. Jan Dhan Yojana
This is a prominent initiative for financial inclusion. On the first day of the program’s inauguration, 15 million bank accounts were established, with each account owner receiving Rs 1,000,000 in insurance coverage. Anybody can create fresh bank accounts with zero balances under this plan. The govt’s flagship program is to offer economical access to financial items and services. Through Direct Benefit Transfer, advantages like as, grants, scholarships, pensions, and COVID relief monies are paid to bank accounts opened under the scheme.
4. Swachh Bharat Abhiyan
PM Modi announced the Swachh Bharat Abhiyan to expedite efforts to achieve cleanliness throughout the country. 5 years after the campaign’s launch, towns, gram panchayats, municipalities, states, and union territories proclaimed themselves ODF by establishing over 100 million toilets in India. In October of last year, the PM began the second wave of the program, which aims to keep all cities garbage-free.
5. Atmanirbhar Bharat
PM Modi saw COVID-19 as a means to build a market for indigenous products. It’s when he stressed the significance of being ‘Atmanirbhar’ and asked people toward being Vocal for Local. It was carried out with the goal of promoting local vendors and small businesses so that they could withstand the economic downturn caused by the epidemic and help the country become self-sufficient.
6. PMSBY and PMJJBY
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) were inaugurated in 2015 to increase insurance insertion in the nation and offer insurance protection to the general public, particularly the poor and disadvantaged segments of society. PMSBY offers a Rs 2 lakh accidental death or complete disability pension cover and a Rs 1 lakh permanent partial impairment cover, whilst PMJJBY provides a Rs 2 lakh life insurance payout.
7. Skill India
The Skill India program’s major purpose is to provide adequate learning in market-relevant knowledge to about 40 crore youngsters by 2022. It also intends to expand the overall scope and space for undeveloped industries by creating possibilities for developing young talent within the country. This initiative is also known as India’s National Skills Development Mission.
8. Foreign Policy Switch to Fast-track Mode
Modi’s foreign policy is presently focused on strengthening ties with neighbors and encouraging foreign investment in India. In the United States, he spoke with various business executives and pushed them to join the Make in India campaign. On his tour to France, he asked the aircraft giant Airbus to look at manufacturing prospects in India. He presented a compelling argument for the Make in India project while in Germany. Modi has attempted to convey the notion of a more “strong, powerful, and secure” India.
9. Kisan Yojna
PM-Kisan Yojana is a government plan that offers basic income assistance of up to Rs 6,000 annually to all marginal and small-scale farmers. This 75,000-crore initiative aspires to reach 125 million farmers throughout India, irrespective of landholding size. The scheme intends to offer Rs 6000 in yearly income support to all qualified farmer households across the country in 3 equal payments of Rs 2,000 every 4 months.
10. Pradhan Mantri MUDRA Yojana
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme introduced by the Honorable Prime Minister on April 8, 2015, to offer non-corporate, non-farm small, and micro enterprises with the finance of up to 10 lakh. Under PMMY, these are called MUDRA loans. Specified Commercial banks, Microfinance institutions, Regional rural banks, Small Finance Banks, and Non – banking finance companies grant these loans.