You can also see these economic policies as 9 trump cards of the Modi government. Image Credit source: File Photo : PTI
Prime Minister Narendra Modi took over the power of the Center for the first time in the year 2014 on 26 May. After that he got a second term in 2019 and in this way the BJP government headed by him has been in power for 9 years. In these 9 years, his government introduced many important economic policies which changed the lives of crores of people.
These 9 are very special among all the economic policies of the Modi government, because they affected almost every section of the country. Whether farmers or middle class, whether youth or women, these 9 policies have changed their lives.
Modi government’s 9 trump cards
You can also see these economic policies as 9 trump cards of the Modi government. This has completely changed the lives of the people.
- PM Kisan Scheme: The Modi government introduced this scheme just before the 2019 general elections. Under this scheme, more than 11 crore farmers of the country get financial assistance of Rs 6,000 every year. This helps them to meet the basic needs related to their farming.
- PM Garib Kalyan Yojana: During the period of Kovid, the government had started this scheme to help 80 crore poor people of the country. Due to this scheme, people did not have to face the brunt of starvation in dire times like Kovid. Due to this policy of the government, 80 crore people could get free food grains.
- GST: Goods and Services Tax (GST) was a step to change the country’s tax system forever during the Modi government’s tenure. This tax system integrated all the indirect taxes levied within the country. Because of this it became easy for crores of people to do business from one state to another.
- PM Jan-Dhan Yojana: This is one of the earliest schemes of the Modi government. This scheme was launched on 28 August 2014. This scheme expanded the reach of banking facilities to the most marginalized people in the country. People’s bank accounts were opened with minimum compliance. Because of these accounts, government subsidies started reaching the people directly. Today more than 43 crore people are taking advantage of this.
- PM Mudra Yojana: To meet the capital requirements of small enterprises in the country, to encourage entrepreneurship among the youth and to ensure access to cheap loans, the Modi government launched the Pradhan Mantri Mudra Yojana. So far 40.82 crore Mudra loans have been given in the country. The biggest thing in this too, about 70 percent of the borrowers of Mudra loans are women. While 51 percent people are from SC, ST or OBC category.
- PM Swanidhi Scheme: The problems of Kovid put the daily wage workers in more trouble. Meanwhile, the Modi government started a special scheme for ‘Street Vendors’. It was named ‘PM Swanidhi’. Under this, working capital loans are given by the government to those working as street vendors.
- PM Jeevan Jyoti Bima Yojana: Even after 70 years of independence, every person in the country did not have the security cover of life insurance. Modi government recognized this problem and started ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’. Under this, people get life insurance cover of up to Rs 2 lakh at an annual premium of Rs 330. Similarly, the government also launched the Accidental Insurance Scheme ‘Pradhan Mantri Suraksha Bima Yojana’, which provides an accident insurance cover of Rs 2 lakh at a premium of Rs 12 per year. Means insurance of Rs 4 lakh for less than Rs 350 for a year.
- Atal Pension Yojana: This economic scheme, started in the name of former Prime Minister Atal Bihari Vajpayee, can be taken advantage of by all citizens of the country between the age of 18 years to 40 years. Under this scheme, the beneficiary gets a guaranteed pension ranging from Rs 1,000 to Rs 5,000 after completing 60 years of age.
- Ujjwala Scheme: This is the policy of the Modi government which has solved a major problem of half the country’s population. More than 8 crore poor women of the country have got free cooking gas connections under this scheme. Due to this, the suffering of the large population living in the village was removed who depended on the traditional chulha for cooking. The burning of wood in traditional chulhas causes pollution, which is also injurious to health.