Priorities for Narendra Modi 2.0

Focus is on making rural India strong, building infrastructure for the 21st century and expanding the startup ecosystem

Addressing both houses of Parliament, President of India Ram Nath Kovind said on this path of a new India, the rural India will be strong and urban India will also be empowered; on this path of a new India, the entrepreneurial India will attain new heights and the dreams of young India will also be fulfilled; on this path of a new India, all systems will be transparent and the prestige of honest countrymen will increase further; on this path of a new India, infrastructure for the 21st century will be built and all resources for creation of a powerful India will be mobilised.

Focus of Narendra Modi 2.0 is on agriculture, health, digital banking, space, Pradhan Mantri Awas Yojana, Bharatmala, Sagarmala, UDAN, Direct Benefit Transfer, Pradhan Mantri Mudra Yojana and Global Manufacturing Hub.

To enhance agriculture productivity, an investment of Rs. 25 lakh crore will be made in the coming years. The government is also planning to build storage facility near their village through the Grameen Bhandara Yojana but the missing part is the food processing industry which needs to be colocated with storage facility so that farmers can get more value for their harvest.

The benefit of cooperatives in the agriculture sector is being promoted. In other areas of agriculture also, the target is to create 10,000 new Farmer Producer Organisations (FPO) to benefit the farmers.

Women are being given priority in the registration of houses built under Pradhan Mantri Awas Yojana in the rural areas. Under this scheme, nearly 2 crore new houses will be built in the villages during the next three years.

On the health front, the government plans to set up about 1.5 lakh Health and Wellness Centres in rural areas by 2022. Around 18,000 centres have already been operationalised pan-India.

For providing banking to every doorstep, around 1.5 lakh post offices are being prepared to provide banking services through ‘India Post Payment Bank’ so that postman can act as a mobile bank to bring banking services to every doorstep.

The government has implemented world’s biggest healthcare scheme Ayushman Bharat Yojana to provide Health-Protection-Cover to 50 crore poor people. Till date about 26 lakh poor patients has availed treatment in hospitals.

Use of space technology has increased and it is helping India in strengthening security at land, air and water. Accurate weather forecast using space technology has also averted large scale destruction to life and property.

Chandrayaan-2 will be India’s first spacecraft to reach the Moon and the government is also making rapid progress towards achieving the goal of sending the first Indian in India’s own Gaganyaan by 2022.

Under Bharatmala Project, construction or upgradation of about 35,000 kilometers of National Highways is to be undertaken by 2022. In Sagarmala Project, a network of good quality roads is being constructed in coastal areas and ports. The government is also working extensively in the area of railways, airways and Inland Waterways. Under the UDAN Scheme, air connectivity to smaller towns is being expanded rapidly.

Under the Direct Benefit Transfer (DBT), funds from more than 400 schemes are being directly credited into the accounts of beneficiaries. During the last five years, Rs. 730,000 crore have been transferred through DBT. DBT has prevented Rs. 141,000 crore from falling into wrong hands but has also enabled deletion of about 8 crore ineligible beneficiaries. DBT will be further expanded for more schemes of central government.

The impact of Pradhan Mantri Mudra Yojna has been felt on a large scale. Under this scheme, about 19 crore loans have been disbursed for self-employment. An effort will now be made to cover 30 crore people by expanding this scheme.

To improve the start-up ecosystem, the government is simplifying the rules and the goal is to establish 50,000 start-ups in the country by 2024.

The government is planning to increase the number of seats in the country’s higher education system by 2 crore. To promote research in higher educational institutions, the government is planning to establish a National Research Foundation which will work as a bridge between different departments of the central government, science laboratories, higher educational institutions and industrial institutions.

Focus is to transform India into a Global Manufacturing Hub. Keeping in view, the government is planning to announce shortly Industry 4.0, a New Industrial Policy.

Insolvency and Bankruptcy Code is among the biggest and most impactful economic reforms undertaken in the country. With the coming into force of this Code, banks and other financial institutions have been able to settle directly or indirectly an amount of more than Rs. 350,000 crore.

All this will help India to become a $5 trillion economy by 2024 if all stakeholders work together in tandem.

 

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