4 Years of Modi Government

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4 years of modi government
4 years of modi government

4 Years of Modi Government

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Key Developments at a Glance

  • Doubling of Farmers’ Income by 2022 – aimed at increasing farmers’ income for which various schemes and plans have been formulated.
  • Deen Dayal Upadhyaya Grameen Jyoti Yojana launched in 2015 to provide electrification to rural areas with a total outlay of Rs 76,000. 100% villages (5,97,464 as per census 2011) have been electrified as in May 2018 GARV Website and a mobile app launched for real time and transparent monitoring.
  • MAKE IN INDIA, launched in 2014, has been successful in making India a global manufacturing hub, brought India the Fastest Growing Economy Tag since 2014. India has featured among the top 10 economies in terms of FDI inflows according to WIR 2016.
  • DIGITAL India launched by government in 2015 with a vision to create one digital literate in every family by 2020 thereby transform the country in to digitally empowered nation, a target has been set to provide Wi-Fi hotspots in 2.5 lakh gram panchayats across the country.
  • STARTUP India Scheme, launched in 2016, a Fund of Funds has been set up with an initial corpus of Rs 10,000 crore to support innovation driven Startups, the fund is being managed by SIDBI. Many measures have been taken over last two years to build a strong startup ecosystem in the country. A total of 9716 startups have been registered till May 2018 and the growth rate in startup is encouraging.
  • First of its kind UDAN Scheme – Udey Desh Ki Aam Naagrik launched in October 2016 to improve connectivity of 33 un-served airports and 12 underserved airports in the country. Half of the seats on the plane capped at Rs 2,500 per hour flight. Government of India will be providing subsidy for airlines connecting regional airports.
  • Under Ujjwala Scheme 8 Crore Poor women will be provided free LPG connections by 2020.Download Financial Institutions in India and World Notes PDF
  • As per a recent report by World Bank (April 2018) Global Findex Report, India has performed extraordinarily in Financial Inclusion, the number of account holders in the country have increased to 80% in 2017.Jan Dhan Account holders in March 2018 stood at 314.4 Million. Statistics say that of the 51.4 Core accounts opened globally between 2014-1755% accounts are from India.
  • Swachh Bharat Abhiyan – (India’s biggest ever cleanliness drive) launched in 2014.As per the recent economic survey Sanitation coverage in Rural Areas increased to 76% in 2018. 296 Districts, 3,07,349 Villages and 11 states as in February 2018 have been declared Open Defecation Free. In its recent report, UNICEF has estimated that a household in an ODF village in rural India saves Rs 50,000 every year.
  • AYUSHMAN Bharat Mission – acclaimed to be World’s largest government funded health programme titled National Health Protection Scheme will cover
    10 crores (approximately 50 crore beneficiaries) poor and vulnerable families with an early protection of Rs 5 Lakh per family for secondary and tertiary care hospitalization and also 5 Lakh health and wellness centers will be developed in the country to bring healthcare close to homes.
  • Total Foreign Direct Investment in India between 2014-2017 at USD 209 Billion.
  • PM MUDRA Yojana – launched in 2015, Rs 4.68 Lakh Crore sanctioned as in 2018 from 10.38 Crore MUDRA Loans. Target proposed in 2018-19 – 3 Lakh Crore, out of total loan accounts, 76% accounts belonged to women and 56% belonged to SC, ST or OBC.
  • ATAL Pension Yojana a flagship scheme of the government of India which provides guaranteed maximum pension of Rs 5,000 and primarily targeted at unorganized sector workers who constitute 85% of the Workforce has crossed 1 Crore subscribers mark in 3 years in March 2018.
  • 1054 essential medicines, including lifesaving drugs, have been brought under Price Control regime after May 2014, which gave the consumer total benefit Rs. 9113 crores as in 2017.
  • SURGICAL STRIKE – Indian Army conducted surgical strikes in PoK on 29th September, 2016 to protect Indian borders and put an end to cross border terrorism.

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Agriculture and Rural Development

Agriculture and Rural Development has been a primary focus of the government over the last four years, in fact as per the recent Economic Survey one of the core focus area of the government on its long term plan is Agriculture along with Education and Employment.

  • Doubling of Farmers’ Income by 2022 – aimed at increasing farmers’ income for which various schemes and plans have been formulated.
  • To facilitate direct sale of produce to customers by farmers’ – 22000 Grameen Agricultural Markets and 585 APMCs marketing infrastructure upgraded and linked to e-NAM.
  • Minimum Support Price for all unannounced Kharif Crops @ 150% of Production Cost along with Rabi Crops.
  • Institutional Credit to Agriculture Sector 2017-18 – 10 Lakh Crore
    target for 2018-19 – 11 Lakh Crore
  • 42 Mega Food Parks have been sanctioned to be set up in India which will act as a direct linkage between Farm – Processing Centers – Consumer Markets.
  • Corpus for Animal Husbandry Infrastructure Development 2018
    – 10,000 Crore.
  • Growth in White Revolution 2014-17 – 9%
  • Growth in Blue Revolution 2014-17 – 1%
  • Highest ever production estimate of food grains in 2017-18 – 49 Million Tonnes.
  • Budget allocation for Agriculture in 2018-19 – Rs 58,080 Crore
  • First of its kind Soil Health Card launched in 2015 to be issued to 120 Million farm holdings in the country which provides information about the soil health.
    100 Million soil health cards issued till December 2017
  • Promotion of Organic Farming – Paramparagat Krishi Vikas Yojana. Every farmer will be provided financial assistance of Rs 50,000 per hectare during three years’ period. Targeted to bring 2 Lakh hectares under organic farming in the country.
  • PM Fasal Bima Yojana – Lowest ever premium collection scheme for Crop Insurance covering all risks of a crop cycle.
    Kharif – maximum 2.0%; Rabi – maximum 1.5% and
    Horticulture Crops – 5%Download Heads of Important Organizations PDF
  • Agriculture Credit for Joint Liability Groups over 2014-17 – Rs 16,268 Crore and total JLGs 15.85 Lakh.
  • PM Krishi Sinchayee Yojana – Per drop – More Crop Scheme and Har Khet Ko Pani Scheme, is a national mission for increasing farm productivity by enhanced focus on bringing investments, increasing cultivable area under irrigation and implementing water saving technologies. Comprehensive budget of Rs 50,000 Crore from 2015-2020
  • First of its kind, ARYA (Attracting and Retaining Youth in Agriculture) Scheme for attracting and retaining youth in rural areas to take up various agri-enterprises in agriculture for sustainable and gainful employment.
  • Loans to self-help groups increased to Rs 42,500 Crore in 2016-17. Target set for 2017-18
  • Total expenditure target of government in 2018-19 for creation of livelihood and infrastructural facilities in rural areas – Rs 14.34 Lakh Crore
  • Deen Dayal Upadhyaya Grameen Kaushalya Yojana – a placement linked skill developed scheme implemented in PPP Model which targets rural youth in age gap 15-35 years. 23 Lakh youth trained so far.
  • Sansad Adarsh Gram Yojana launched in 2014 by PM Narendra Modi for holistic development of Gram Panchayats to uplift and develop rural India. Member of Parliaments have to identify districts and formulate a strategy to implement all possible schemes in the district for the better performance on various set parameters,1214 SAGY Gram Districts from 478 districts across the country have been identified till November 2017.
  • Mission Antyodaya – launched in 2017, aimed at bringing 1 crore households out of poverty. Target set to bring 50,000 Gram Panchayats out of poverty by October 2019.

Economic Development, Commerce and Industry
Power and Infrastructure

  • Deen Dayal Upadhyaya Grameen Jyoti Yojana launched in 2015 to provide electrification to rural areas with a total outlay of Rs 76,000 Crore.100% villages (5,97,464 as per census 2011) have been electrified as in May 2018 GARV Website and a mobile app launched for real time and transparent monitoring.
  • Ujala Scheme – 06 Crore LEDs distributed under the scheme.
  • Surplus Coal Production: 554 Million tonnes in 2016-17.
  • Commercial Coal Mining Opened up to Private Sector in 2018 to enhance coal production as more than 70% of the country’s power generated in India is thermal power which increases our dependence on coal.
  • MAKE IN INDIA, launched in 2014, has been successful in making India a global manufacturing hub, brought India the Fastest Growing Economy Tag since 2014. India has featured amongst the top 10 economies in terms of FDI inflows according to WIR 2016.
  • DIGITAL India launched by government in 2015 with a vision to create one digital literate in every family by 2020 thereby transform the country in to digitally empowered nation, a target has been set to provide Wi-Fi hotspots in 5 lakh gram panchayats across the country
  • STARTUP India Scheme, launched in 2016, a Fund of Funds has been set up with an initial corpus of Rs 10,000 crore to support innovation driven Startups, the fund is being managed by SIDBI. Many measures have been taken over last two years to build a strong startup ecosystem in the country. A total of 9716 startups have been registered till May 2018 and the growth rate in startup is encouraging.
  • SAGARMALA Project to identify 400 sea port projects in India at an investment of Rs 7 Lakh Crore and Chabahar Port in Iran being developed by India for strategic investments and bridging enhanced connect with the western countries.
  • Loss making Shipping Corporation of India in 2013-14 turned to Profits Rs 437 Crore in 2015-16.
  • First of its kind UDAN Scheme – Udey Desh Ki Aam Naagrik launched in October 2016 to improve connectivity of 33 un-served airports and 12 underserved airports in the country. Half of the seats on the plane capped at Rs 2,500 per hour Government of India will be providing subsidy for airlines connecting regional airports. A new Civil Aviation Policy was also announced.

    Download Banking Current Affairs January – May 2018

  • Jal Marg Vikas Project implemented with support and financial assistance from world bank. JMVP -1 covering 1380 Kms between Varanasi and Haldia at estimated cost of Rs 5369 Crore.
  • 208 Railway over bridges and under bridges being constructed with an outlay of Rs 20,800 Crore
  • Budgetary allocation for Infrastructure sector in 2018-19 – Rs 5.97 Lakh Crore.
  • 100% FDI (Foreign Direct Investment) allowed in Railways under the Automatic Route
  • First time rail connectivity to northeast in 2014 flagged off by PM Narendra Modi. Meghalaya – Assam
  • First Bullet Train in India between Ahmedabad – Mumbai as a part of Diamond Quadrilateral Network of High Speed Rail
  • India’s first high horsepower locomotive 12000 HP built in collaboration with Alstom built at Madhepura Locomotive Factory, Bihar
  • PM Awas Yojana – 1 Crore Houses will be built by 2019 to achieve the ambitious target of Housing for All by 2022
  • Under Saubhagya – Sahaj Bijli Har Ghar Yojana – 4 Crore households are provided free electricity connection with an outlay of Rs 16,000 Crore
  • Under Ujjwala Scheme 8 Crore Poor women will be provided free LPG connections by 2020.
  • India Ranked 100th on Ease of Doing Business Index in 2017, an improvement from 130th in 2016. Government of India roped in IIFT, ICAI, ICSI and NICMAR to connect with various ministries and coordinate to improve the rank further in 2018.
  • As per a recent report by World Bank (April 2018) Global Findex Report, India has performed extraordinarily in Financial Inclusion, the number of account holders in the country have increased to 80% in 2017.Jan Dhan Account holders inMarch 2018 stood at 4 Million. Statistics say that of the 51.4 Core accounts opened globally between 2014-17 – 55% accounts are from India.
  • Growth rate of manufacturing sector in 2016-17 – 1%. Recently, India has also emerged as the second largest producer of the mobiles in the world.
  • As per the recent report from world bank, India is the highest recipient of remittances in 2017, a whooping USD 69 Billion
  • India has retained the fastest growing economy tag in 2018.
  • The average GDP growth estimate of India is 7.4% in 2018-19

    Download Important Loan Agreements in 2018 PDF

  • Path breaking reforms introduced in Taxation with implementation of GST in July 2017 bringing complex indirect taxes under single regime. Simplified Tax Structure of 5%, 12%, 18%, 28%.
  • Total Foreign Direct Investment in India between 2014-2017 at USD 209 Billion.
  • PM MUDRA Yojana – launched in 2015, Rs 4.68 Lakh Crore sanctioned as in 2018 from 38 Crore MUDRA Loans. Target proposed in 2018-19 – 3 Lakh Crore, out of total loan accounts 76% accounts belonged to women and 56% belonged to SC, ST or OBC.
  • ATAL Pension Yojana a flagship scheme of the government of India which provides guaranteed maximum pension of Rs 5,000 and primarily targeted at unorganized sector workers who constitute 85% of the Workforce has crossed
    1 Crore subscribers mark in 3 years in March 2018.
  • Demonetization – of Rs 500 and Rs 1000 currencies, launched in November 2016 and that has received appraisals from world over has brought a major fillip in digital transactions and unearthing of black money in the country.
  • Fiscal Deficit at 5% of GDP in 2017-18 and estimated at 3.3% of GDP in
    2018-19
  • Rs 2.11 trillion PSU Banks recapitalization planned by government of India.

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    Health, Education, Employment and Environment

    • Swachh Bharat Abhiyan – (India’s biggest ever cleanliness drive) launched in 2014.As per the recent economic survey Sanitation coverage in Rural Areas increased to 76% in 2018. 296 Districts, 3,07,349 Villages and 11 states as in February 2018 have been declared Open Defecation Free. In its recent report, UNICEF has estimated that a household in an ODF village in rural India saves
      Rs 50,000 every year.
    • PM Kaushal Vikas Yojana – launched in 2015, more than 5,700 training centers opened across the country with more than 16 lakh youth Women constitute 50% of the enrolled candidates under PMKVY.
    • SANKALP Scheme providing market relevant training to 3.5 crore youth in the country.
    • AYUSHMAN Bharat Mission – acclaimed to be World’s largest government funded health programme titled National Health Protection Scheme will cover 10 Crore (approximately 50 crore beneficiaries) poor and vulnerable families with an early protection of Rs 5 Lakh per family for secondary and tertiary care hospitalization and also 5 Lakh health and wellness centers will be developed in the country to bring healthcare close to homes.
    • Mission INDRADHANUSH – launched in 2014, to cover all those children who have been partially vaccinated or not vaccinated during routine immunization rounds. The mission has covered 2.53 crore children and 68 lakh women till August 2017 and is accelerated to cover full immunization to atleast 90% by December 2018, the earlier target of 2020 has been advanced.
    • As per the recent amendment to Maternity Benefit Act, maternity leave period for working women has been extended from existing 12 weeks to 26 weeks.
    • 1054 essential medicines, including lifesaving drugs, have been brought under Price Control regime after May 2014, which gave the consumer total benefit Rs. 9113 crores as in 2017.
    • International Yoga Day being observed worldwide every year on 21st June and has been inscribed in the cultural heritage of Humanity by UNESCO.
    • Unnat Bharat Mission 2.0 to connect higher education institutions with rural India for studying and assisting in the upliftment of rural India in all possible measures.
    • GIAN (Global Initiative of Academic Network) Scheme approved aimed at improving quality in higher education and research by partnering with 32 countries and counting.
    • Green Skill Development Programme launched by government of India to train over 5 lakh workers in environment and forest sectors in the country for sustainable conservation and management of natural resources.
    • POSHAN Abhiyaan was launched on in March 2018 by the Prime Minister in Jhunjhunu which is aimed at reducing stunting, under-nutrition, anemia (among young children, women and adolescent girls), the primary target of the mission is to bring down stunting among children in the age group 0-6 years from 4% to 25% by 2022.

    Social Justice and Women Empowerment

    • First of its kind Sukanya Samriddhi Scheme for the girl child launched in 2015 which is a deposit account exclusively for the girl child that involves a systematic investment till the girl attains 14 years of age with a yearly cap of Rs 1,50,000. The amount will be allowed for withdrawal only after the girl child attains 18 years of age, till then interest at 1% will be paid by the government of India.
    • Houses Sanction under PM Awas Yojana (Grameen) to be registered in the name of the women member in the family.Download Budget, Economic Survey 2018 and other Facts and Figures in 2018 PDF
    • Stand Up India Scheme: To promote entrepreneurship among SC/ST and Women launched in 2016. Loans to more than 15000 entrepreneurs given comprising of 80% women.
    • PM Ujjwala Yojana – To provide free LPG connection to 8 Crore poor women in the country in order to protect the health of the women.
    • Mahila Shakti Kendra: A scheme to upgrade anganwadi centers and rebuild them for community participation and empowerment of women.
    • One Stop Centers for Women: SAKHI – launched in 2015, to provide medical, police, legal help and psychological counseling to women affected by violence under one roof.
    • As per the amendment to Maternity Benefit Act, Maternity leave for working women has been extended to 26 weeks from existing 12 weeks in 2017.
    • PM Surakshit Matritva Abhiyan: To provide assured, comprehensive and quality antenatal care, free of cost, to all pregnant women on 9th of every month. 40 lakh antenatal checks completed till date.

      Defence; Science and Technology

      • SURGICAL STRIKE – Indian Army conducted surgical strikes in PoK on 29th September, 2016 to protect Indian borders and put an end to cross border terrorism.
      • ONE RANK ONE PENSION which has been sidelined for the past four decades has been passed in the regime of Modi Government.
      • Government of India has recently announced that it will ensure to pay a compensation of not less than one crore to the families of troops killed in the line of duty.
      • Operation Muskan launched in 2015 and Operation SMILE launched in 2016 are assisting state governments in rescuing lost children.
      • NAVIC – India’s GPS (Indian Regional Navigation Satellite System) has been setup by India to provide accurate real-time positioning and timing across
        1500 Kms in and around India.
      • A record number of 104 satellites have been launched in to the space by ISRO on board of PSLV C-37 in a single mission.
      • MANGALYAN Mission (India’s Mission to MARS) has been successful.

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