SYNOPSIS: The Narendra Modi-led government has been characterized by its emphasis on development and welfare of the citizens. Since coming to power in 2014, the government has launched several schemes and initiatives to transform India into a more prosperous and equitable society. These schemes, popularly known as PM Modi Yojana, cover a wide range of areas, from healthcare and education to rural development and infrastructure. Some of the most popular yojanas launched by PM Modi include the Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Fasal Bima Yojana (PMFBY), Pradhan Mantri Awas Yojana (PMAY), and Pradhan Mantri Kaushal Vikas Yojana (PMKVY). These schemes have been successful in bringing about a positive change in the lives of millions of Indians. The PMJDY has brought millions of unbanked people into the formal banking system, while the PMFBY has provided insurance cover to farmers in case of crop failure. The PMAY has made it possible for people from economically weaker sections to own their own homes, and the PMKVY has provided skill training to youth to make them job-ready. PM Modi's yojanas have not only improved the standard of living of the people but have also encouraged a culture of entrepreneurship and innovation in the country. The schemes have been praised globally and have become a model for other developing countries. PM Modi's vision and leadership have been instrumental in making India a global superpower. In this article, we will take a closer look at some of the most significant PM Modi Yojana and their impact on the lives of the people. |
1. Pradhan Mantri Jan Dhan Yojana:
Launched in August 2014, the Pradhan Mantri Jan Dhan Yojana (PMJDY) aims to provide financial inclusion to every household in India.
Under this scheme, people can open a bank account with zero balance, get a debit card, and avail of other benefits such as insurance cover and overdraft facility.
According to the Ministry of Finance, as of February 2022, over 43 crore (430 million) accounts have been opened under the scheme, with a total deposit of over Rs. 1.5 lakh crore (approx. $20 billion).
This scheme has been instrumental in bringing the unbanked population into the formal banking system and promoting financial literacy and inclusion.
2. Swachh Bharat Abhiyan:
Swachh Bharat Abhiyan, launched on 2nd October 2014, is a cleanliness drive aimed at achieving a clean and hygienic India.
This scheme focuses on improving sanitation facilities, promoting awareness about hygiene and cleanliness, and building toilets in rural and urban areas to make India clean and open defecation-free.
The Swachh Bharat Abhiyan has been successful in bringing about a behavioral change in people's attitudes towards hygiene and cleanliness.
According to the Ministry of Housing and Urban Affairs, as of February 2022, over 10 crore (100 million) toilets have been constructed under the scheme.
3. Ayushman Bharat Yojana:
Launched in September 2018, the Ayushman Bharat Yojana, also known as Pradhan Mantri Jan Arogya Yojana (PMJAY), is a healthcare scheme aimed at providing healthcare coverage to the vulnerable sections of the society.
This scheme aims to provide health insurance cover of up to Rs. 5 lakh per family per year, covering both secondary and tertiary healthcare services.
According to the National Health Authority, as of February 2022, over 15.5 crore (155 million) beneficiary families have been enrolled under the scheme, with over 1.5 crore (15 million) hospital admissions and a total claim amount of over Rs. 26,000 crore (approx. $3.5 billion).
4. Ujjwala Yojana:
Launched in May 2016, the Ujjwala Yojana is a scheme aimed at providing free LPG connections to women from below poverty line households.
This scheme aims to replace traditional cooking fuels such as wood, coal, and kerosene with clean LPG, thereby reducing indoor air pollution and improving the health of women and children.
According to the Ministry of Petroleum and Natural Gas, as of February 2022, over 9.4 crore (94 million) connections have been distributed under the scheme.
Additionally, PM Modi has emphasized the need for a practical and industry-oriented education system, providing equal importance to education and skilling.
Initiatives like Virtual Labs and National Digital Library have been launched to change the education sector, and the government is focusing on creating a skilled workforce for Industry 4.0 sectors, providing internships and apprenticeships to the youth.
6.Make in India: Launched in 2014, this scheme aims to promote manufacturing and increase employment opportunities in the country.
According to the Ministry of Commerce and Industry, as of February 2022, the initiative has led to the creation of over 1.25 crore (12.5 million) jobs in the manufacturing sector.
7.Digital India: Launched in 2015, this scheme aims to transform India into a digitally empowered society.
According to the Ministry of Electronics and Information Technology, as of February 2022, over 4 lakh (400,000) Common Service Centers (CSCs) have been set up under the scheme, providing various e-governance services to citizens.
8.Atal Pension Yojana: Launched in 2015, this scheme aims to provide a pension to the unorganized sector workers.
According to the Pension Fund Regulatory and Development Authority, as of February 2022, over 3.3 crore (33 million) subscribers have been enrolled under the scheme, with a total asset under management of over Rs. 26,000 crore (approx. $3.5 billion).
9.Pradhan Mantri Mudra Yojana (PMMY): Is a flagship scheme launched by the Indian Government on 8th April 2015.
The aim of this scheme is to provide financial assistance to the small and micro-enterprises in India.
The scheme was launched with the objective of "funding the unfunded" and promoting entrepreneurship among the youth in the country.
Under the PMMY scheme, loans are provided to the entrepreneurs at low-interest rates without the need for collateral.
The scheme is implemented by various public sector banks, regional rural banks, and microfinance institutions across the country.
The loans provided under the scheme are classified into three categories based on the loan amount, which are:
Shishu: Loans up to Rs. 50,000
Kishore: Loans from Rs. 50,001 to Rs. 5,00,000
Tarun: Loans from Rs. 5,00,001 to Rs. 10,00,000
According to the Ministry of Finance, the scheme has been highly successful in providing financial assistance to small and micro-enterprises.
As of 31st March 2021, the total number of loans disbursed under the PMMY scheme stands at 29.91 crore (299.1 million) with a total amount disbursed of Rs. 16.56 lakh crore (approximately $223 billion USD).
Here are some additional data points to help illustrate the impact of PMMY:
The scheme has provided loans to over 50% women entrepreneurs.
The highest number of loans have been provided in the state of Uttar Pradesh, followed by Tamil Nadu and West Bengal.
As of March 2021, the Shishu category (loans up to Rs. 50,000) has the highest share in the number of loans disbursed under the scheme, accounting for 77% of the total loans disbursed.
The loan repayment rate under the PMMY scheme has been consistently high, with a repayment rate of over 95% as of March 2021.
Overall, the PMMY scheme has played a crucial role in promoting entrepreneurship and providing financial assistance to small and micro-enterprises in India, contributing to the country's economic growth and development.
10.Pradhan Mantri Fasal Bima Yojana: Launched in 2016, this scheme aims to provide insurance coverage and financial assistance to farmers in case of crop failure or damage.
According to the Ministry of Agriculture and Farmers' Welfare, as of February 2022, the scheme has covered over 6.75 crore (67.5 million) farmers, with an insurance coverage of over Rs. 2.05 lakh crore (approx. $27 billion).
Conclusion: The PM Modi Yojana has been successful in transforming India in many ways, from providing financial inclusion to promoting cleanliness and hygiene to improving healthcare accessibility. These schemes have been instrumental in empowering the marginalized sections of society and promoting inclusive and sustainable development. With the government's continued focus on development and welfare, it is expected that more such schemes will be launched in the future, paving the way for a more prosperous and equitable India. |
How PM Awas Yojana works?
The Pradhan Mantri Awas Yojana (PMAY) is a housing scheme launched by the Government of India in 2015.
The scheme aims to provide affordable housing to all sections of society, particularly those who belong to the economically weaker section (EWS) and the low-income group (LIG).
1.Identification of Beneficiaries: The government identifies eligible beneficiaries based on various parameters such as income level, family size, and location.
According to the Ministry of Housing and Urban Affairs, around 1.12 crore (11.2 million) beneficiaries have been identified under the PMAY-U scheme as of February 2023.
2.Credit Linked Subsidy Scheme (CLSS): The PMAY provides a subsidy on home loans under the Credit Linked Subsidy Scheme (CLSS) to make housing loans more affordable.
The subsidy amount varies based on the income category of the beneficiary.
For example, beneficiaries from the EWS and LIG categories can avail of a subsidy of up to Rs. 2.67 lakhs and Rs. 2.35 lakhs, respectively.
As per data from the Ministry of Housing and Urban Affairs, around 69 lakh (6.9 million) beneficiaries have availed of CLSS subsidies as of February 2023.
3.Housing for All: The PMAY has two components - Pradhan Mantri Awas Yojana - Urban (PMAY-U) and Pradhan Mantri Awas Yojana - Gramin (PMAY-G). PMAY-U aims to provide affordable housing to urban poor while PMAY-G aims to provide housing to rural poor.
As per data from the Ministry of Rural Development, around 2.24 crore (22.4 million) houses have been constructed under the PMAY-G scheme as of February 2023.
4.Construction of Houses: The government provides financial assistance to eligible beneficiaries to construct or purchase a house.
The assistance is provided in the form of a subsidy or a loan. For example, under the PMAY-U scheme, beneficiaries can avail of a subsidy of up to Rs. 1.5 lakhs for the construction of a house.
As per data from the Ministry of Housing and Urban Affairs, around 83 lakh (8.3 million) houses have been sanctioned under the PMAY-U scheme as of February 2023.
5.Monitoring and Evaluation: The progress of the scheme is monitored and evaluated regularly to ensure that it is being implemented effectively.
The government has set up a dashboard to monitor the progress of the scheme in real-time.
The dashboard provides details such as the number of houses sanctioned, the number of houses under construction, and the number of houses completed.
The dashboard is accessible to the public and can be accessed at the PMAY website.
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Overall, the PMAY is a comprehensive scheme aimed at providing affordable housing to all sections of society.
The scheme has been implemented successfully, and it has helped millions of people across the country to own a house.
Best Yojana of Modi Government
2 Stand Up India Initiative
Stand Up India is a government initiative launched on 5th April 2016 by the Ministry of Finance, Government of India, to promote entrepreneurship among women and marginalized sections of society. Here are some key features of the Stand Up India initiative:
Eligibility: The scheme is available to women and entrepreneurs from Scheduled Castes (SC) and Scheduled Tribes (ST) communities.
Loan Amount: Under the scheme, loans between Rs. 10 lakhs and Rs. 1 crore are provided to eligible entrepreneurs.
Loan Repayment: The repayment tenure for the loans provided under this scheme is up to 7 years, with a moratorium period of up to 18 months.
Application Process: The application process for Stand Up India loans is entirely online,(www.standupmitra.in). with a dedicated portal set up for the same.
Collateral-Free: Loans under the Stand Up India scheme are collateral-free, which means that borrowers do not need to provide any collateral security to avail of these loans.
Here are some key data points related to the Stand Up India initiative:
As of March 2021, over 1.79 lakh loans have been sanctioned under the scheme, with a total amount of Rs. 23,366 crore.
Of the loans sanctioned, around 80% have been given to women entrepreneurs, and around 20% have been given to entrepreneurs from SC and ST communities.
The top five states in terms of the number of loans sanctioned are Tamil Nadu, Karnataka, Maharashtra, Uttar Pradesh, and Andhra Pradesh.
The Stand Up India scheme has been successful in promoting entrepreneurship among women and marginalized sections of society, with many first-time entrepreneurs availing of the loans provided under the scheme.
The initiative is part of a larger set of government schemes aimed at promoting entrepreneurship and job creation, including the Start-Up India scheme, Mudra Yojana, and the National Skill Development Mission.
4.Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)