Top 10 Scheme Introduced By Modi Government

Modi Government has taken a lot of initiative to make India a global power in every aspect. With the 4 years of Modi governance, India has become a major player in terms of foreign investment, social development, economic development and society as a whole. These 4 years largely contributed a lot to the development of India. In the General Elections of 2014, Sri Narendra Damodardas Modi became our 14 Prime Minister. The Credit of the excellent governance goes to the many schemes and yojanas launched that became the root of the growth India is going through. There are a lot of scheme launched to benefit the people and society but among them, there are 10 Schemes that is used and benefited by many Indians-

Top 10 Yojanas Introduced By Modi Government

Pradhan Mantri Jan Dhan Yojana

Pradhan Mantri Jan Dhan Yojana is a financial inclusion program launched to benefit those people who cannot take benefit of the banking system. This yojana offers all the banking, credit, Insurance and remittances for the people. This scheme was launched by PM Modi on his first Independence Day Speech held on 15th August 2014. The Government of India holds the Guinness Book of World Records for Most bank account opened in one week

Launched Date-15th August, 2014

Slogan– Mera Khatha, Bhagya Vidhatha 

Account opened till now-318 million

Amount Deposited till now– Rs.792 Billion ($12 Billion)

Key features

  • No Minimum Balance Required
  • Accidental insurance cover of Rs.1Lakh
  • RuPay Debit Cards for every account holder
  • KYC Relaxations

Pradhan Mantri Mudra Bank Yojana

Pradhan Mantri Mudra Bank Yojana is a scheme focused on providing funding towards the business goal of a small entrepreneur who wants to grow or establish the business. This scheme provides a loan of up to Rs.10 Lakhs with low-interest Rate ensuring the business to gain the growth it requires without worrying about the repayment of the loan.

Launch Date– 8th April 2015

Targeted Audience– Small Business owner

Interest rate – 10-20% depending on the bank

Tenure of repayment– 1-5 Years

Key features

  • Shishu- offers loan up to 50,000/-
  • Kishor- offers loan up to 50,000/- to 5,00,000/-
  • Tarun- offers loan up to 5,00,000/- to 10,00,000/-

Pradhan Mantri Kaushal Vikas Yojana

Pradhan Mantri Kaushal Vikas Yojana is a scheme to provide adequate knowledge and training to the youth who are starting out their career. This scheme delivers a candidate with 221 courses to choose from covering all the fields in the career. These curses re-designed to provide adequate knowledge with the practical approach.

Launch Date– 2015

Goal– Skill Development

Department– Ministry of Skill Development and Entrepreneurship

Key Feature

  • Short Term Courses
  • Placement Offered
  • Anyone can apply under the age of 35
  • Focus on Developing the skills rather than the theory

Pradhan Mantri Yuva Yojana 

Pradhan Mantri Yuva Yojana is a scheme which was re-introduced to provide a better facility and education to the young generation. This scheme deals with the new courses dedicated to form an entrepreneur society and create big businesses. It deals with creating an Eco-system for all the business subsidiary like Investors, Entrepreneurs, and Companies etc. This Scheme also provides an adequate mentorship to the people who want to do big in the business world.

Launch Date– 2016

Goal– Provide ecosystem for Entrepreneur to over 7 lakh students in 5 years through 

Department– Ministry of Skill Development and Entrepreneurship,

Key Feature

  • Hub for Entrepreneur
  • Best training facility center providing higher learning
  • Providing a support financially to an individual

Pradhan Mantri Atal Pension Yojana

Pradhan Mantri Atal Pension Yojana is a pension scheme providing security to the retired with a monthly pension. The pension amount to be received by the pensioner ranges from Rs.1000-5000 per month. This scheme primarily focuses on the weak section of the society.

Launch Date– 2016

Joining Age-18 to 40 Years

Maturity Age- 60 Years

Key Feature

  • Pension for Wear section of the society
  • Monthly payment provided to the subscriber
  • Secures the future of an Individual

Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana is a scheme launched to provides protection to the future of the girl child. This scheme was launched to provide an account that provides a high-interest rate with tax-free maturity amount. The idea behind this scheme was to stop the female infanticide against the girl child. The best part of the account is that you need to pay the amount for 14 years but the maturity period is for 21 years.

Launch Date-22 Jan 2015

Eligibility– Girl Child Only up to 11 years

Maturity Age- 21 Years

Interest Rate- 8.5% as of 2019

Key Features-

  • High Interest rate
  • Protection of Girl Child
  • Tax Benefit to parents as well as maturity amount
  • Partial withdrawal for Higher education

Digital India

Technological advancement is what defines a country growth and power. With Modi dream of making India a global Superpower, the advancement of technology is essential. To meet this need sarkar launched the Digital India initiative to develop the country technological advancement. This campaign deliberately focused on making the technology available to consume to all the section of the society, to provide the advanced technology to the people of India and to connect every part of India through the Internet.

Launch Date-1 July 2015

Key Features-

  • Connecting every part of the country through Internet
  • Technological advancement and innovation
  • Digitizing the village with the latest technology
  • Developing the infrastructure as per the technological need.

Skill India

Skill is essential to develop a career this is the main goal behind the introduction of the scheme. Under this scheme, many sub schemes were launched like the PM Kaushal Vikas Yojana and Yuva Yojana. Sill India is a unique approach towards developing a skill instead of learning, meaning the courses focus is on the practical knowledge instead of theoretical knowledge.

Launch Date-15 July 2015

Goal– Skill Development

Department– Ministry of Skill Development and Entrepreneurship

Key Features-

  • Skill development of India
  • Providing jobs to the eligible candidate
  • Creating small business opportunity to the candidate

Make In India

Make in India is a campaign that initiated the manufacturing of the product in India for Indian as well as global consumers. Make in India raised a fund of $230 Billion investment from Foreign in this initiative which pushed this campaign furthermore. This initiative not only created a better place to start a business but also it made a lot of jobs opportunities for different individuals.

Launch Date-25 September 2015

Key Features-

  • World class manufacturing status & knowledge infrastructure
  • Raised on the global index of Ease of Doing Business
  • Global investment  increased in Indian Market
  • Step toward making India Global Superpower

Swatch Bharat Abhiyan

Swatch Bharat Abhiyan or Swachh Bharat Mission is a nationwide campaign focusing on the mission to cleanliness. Under this scheme, the people will be educated and reminded of the benefit of keeping the environment clean. This also included the installment and toilets in the regions where there is no toilet available. This scheme primarily benefited the villages where the people used to do open defecation. Now the government made toilets across the villages to keep the environment clean and the rate of the defection on open has reduced.

Launch Date- 2 October 2014

Slogan– One step towards cleanliness

Key Features-

  • Keeping Bharat Clean
  • Providing door to door Garbage services
  • Keeping the roadside garbage disposal clean
  • Reducing the number of persons who openly defecate

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