Summary of Projects & Achievements: 48 Months of Narendra Modi Government (Important) (Part - 26) (Download PDF)

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Modern Infrastructure for a growing India: Enhancing efficiency and quality of life - Calibrated marketing freedom to incentivize gas production from deep-water, ultra deep water and high pressure-high temperature areas.

  • Steps to revitalize PPPs:

  • Public Utility (Resolution of Disputes) Bill

  • Guidelines for renegotiation of PPP Concession Agreements

  • New credit rating system for infrastructure projects

  • Reforms in FDI policy in the areas of Insurance and Pension, Asset Reconstruction Companies, Stock Exchanges

  • 100 % FDI through FIPB route in marketing of food products

  • ~70 languishing projects covering 8,300 km revived

  • Record 10,000 kms of National Highways to be approved in 2016 - 17

  • Total investment in roads including PMGSY - 97,000 cr.

  • Total outlay for infrastructure sharply increased to 2,21,246 Cr.

  • Opening up road transport by removing permits in passenger transport segment

  • Revive 160 unserved and underserved airports in partnership with State Governments /

Maintaining Fiscal Discipline

Boosting growth while ensuring fiscal prudence

  • Fiscal deficit in 2016 - 17 at 3.5%

  • Setting up a committee to review implementation of the FRBM act

  • Every new scheme sanctioned to have sunset date and outcome review

  • Plan expenditure - 5.50 lakh crore; increase of 15.3%

  • Plan/Non-Plan classification to be done away with from 2017 - 18

Reforming the Financial Sector

Building Trust, Improving Predictability

  • Comprehensive Central Legislation for dealing with menace of illicit deposit taking schemes

  • Roadmap for consolidation of public sector banks

  • Allocation of 25,000 cr. towards recapitalization of Public Sector Banks

  • General Insurance Companies owned by the Government to be listed in stock exchanges

  • Comprehensive code on resolution of financial firms to be introduced

  • Statutory basis for a Monetary Policy framework and a Monetary Policy Committee

  • Deepening of Corporate bond market

  • Financial Data Management Centre to be set up for data aggregation and analysis

  • Amendments in SARFAESI Act 2002 to enable sponsor of an ARC to hold up to 100 % stake in the ARC

Educating India’s Future

Unprecedented focus on quality of education

  • Increased allocation to Sarva Shiksha Abhiyan - better quality of education

  • Regulatory architecture to 10 public and 10 private institutions to emerge as world-class Teaching and Research Institutions

  • Higher Education Financing Agency -initial capital base of Rs. 1,000 Cr. can leverage more funds from market

  • Digital Depository for School Leaving Certificates, College Degrees, Academic Awards and Marksheets to be set-up.

  • 62 new Navodaya Vidyalaya to be opened

Governance and Ease of Doing Business

Minimum Government, Maximum Governance

  • Creating a social security platform –Bill for targeted delivery of subsidies, benefits and services Aadhar framework

  • Introduce DBT on pilot basis for fertilizers

  • Automation facilities in 3 lakh fair price shops by March 2017

  • Companies Act amendment to improve enabling environment for start-ups

  • Price Stabilization Fund to help maintain stable prices of pulses

  • Nationwide rollout of ATMs and micro ATMs through postal network

Energizing Rural India

Transforming Villages to Transform Lives

  • Total allocation - 87,700 Cr.

  • Rs. 2.87 lakh Cr. Grant in Aid to Gram Panchayats and Municipalities. Quantum jump of 228 % compared to the previous 5 year period

  • Shyama Prasad Mukherjee Rurban Mission - 300 Rurban Clusters

  • 100 % village electrification by 1st May 2018

  • Digital Literacy Mission Scheme - cover 6 Cr. additional households

  • Rashtriya Gram Swaraj Abhiyan – Rs. 655 Cr.

  • PMGSY – Rs. 27,000 Cr. allocation

Prosperous Farmers & Profitable Agriculture

From ‘Food Security’ to ‘Income Security’

  • Total allocation - 35,984 Cr.

  • ‘PM Krishi Sinchai Yojana’ in mission mode - 28.5 lakh hectares under irrigation

  • Long Term Irrigation Fund in NABARD - initial corpus of Rs. 20,000 cr.

  • 89 languishing irrigation projects covering 80.6 lakh hectares fast-tracked

  • Soil Health Card scheme - to cover all 14 Cr. farm holdings

  • Unified Agricultural Marketing ePlatform - common platform for wholesale markets

  • Rs. 15,000 cr fund for interest –subvention to reduce burden of loan repayment on farmers

  • PM Fasal Bima Yojana –allocation of Rs. 5500 cr.

A New Dynamism in Social Sector

Protecting and the vulnerable

  • LPG connection to all BPL families

  • New Health Protection Scheme health cover up to 1,00,000

  • Prime Minister Jan Aushadhi Yojana - 3,000 stores to be opened

  • ‘National Dialysis Services Programme’ in PPP mode

  • ‘Stand Up India Scheme’ - 2 projects per bank branch to benefit 2.5 lakh entrepreneurs

  • National Scheduled Caste and Scheduled Tribe Hub in partnership with industry associations

Tax Reforms to Boost Savings & Growth

Moving towards a simplified tax regime

  • Decreased tax burden on individuals - ceiling of tax rebate under section 87A raised from Rs. 2,000 to 5,000

  • Rent deduction limit under 80GG increased from Rs. 24,000 to 60,000

  • Tax relief for MSME sector –Turnover limit under Presumptive Taxation Scheme in section 44AD of IT Act increased to Rs. 2 Cr.

  • Roadmap to reduce corporate tax while phasing out tax exemptions

  • Deduction for additional Interest of Rs. 50,000 per annum for loans up to Rs. 35 lakh for first-time home buyers

  • 13 cesses levied by various Ministries to be abolished

Powering up India with Energy Efficient LED Lights

Substantial leap in energy efficient LED usage in India

India’s contribution to global demand for energy efficient LED

Indian LED Bulbs

  • Cheapest and most competitive in the world

  • Costs less than 1 dollar versus a global average of 3 dollars

Image of Indian LED Bulbs

Image of Indian LED Bulbs

Image of Indian LED Bulbs

Building a Connected India

Significant boost to building highway infrastructure

  • Number of National Highway Kilometres Awarded
Image of Significant boost to building highway infrastructure

Image of Significant Boost to Building Highway Infrastructure

Image of Significant boost to building highway infrastructure

Exceptional Performance by Shipping Corporation of India under NDA Govt

Turnaround of Rs. 476 Cr in one year

Image of Turnaround of Rs. 476 Cr in one year

Image of Turnaround of Rs. 476 Cr in One Year

Image of Turnaround of Rs. 476 Cr in one year

Start Up India for a Prosperous India

New Incentive for Startups

  • Self-certification compliance

  • No inspection for first 3 years

  • No income tax on profits for first 3 years

  • Mobile app for start-up registration in one day

  • Startup India hub as single point contact

  • Exemption from capital gains tax on personal property sold to invest in startup

  • 80 % rebate on patent filing fee

  • Bankruptcy Bill 2015 - 90 days to exit business

  • 500 tinkering labs

  • 35 public-private incubators

  • 31 innovation centres at national institutes

  • Dedicated fund of Rs. 10,000 Cr to promote startups

  • Credit guarantee scheme for loans

  • 5 new bio clusters and 7 new research parks

  • Patent regime and IPR to be simplified

NDA Govt Launches a Pioneering Crop Insurance Scheme

Minimum Premium, Maximum Insurance for Farmer Welfare

Pradhan Mantri Fasal Bima Yojana

  • Farmer’s contribution to premium reduced significantly.

  • Use of simple & smart technology through phones & remote sensing for quick estimation and early settlement of claims.

  • Multiple Localized risk and post-harvest losses taken into account to farmer is alone in times of distress.

  • New scheme removes the previous capping on premium so that farmers get full sum insured.

Pradhan Mantri Mudra Yojana: Empowering Entrepreneurs

Image of Pradhan Mantri Mudra Yojana

Image of Pradhan Mantri Mudra Yojana

Image of Pradhan Mantri Mudra Yojana

One Grid, One Frequency for Better Power Supply to South India

  • 71 % increase in transmission capacity to south India
Image of Transmission Capacity Increased

Image of Transmission Capacity Increased

Image of Transmission Capacity Increased

Ensuring Uninterrupted Power Supply

  • Coal supply Issues for power plants resolved
Image of Coal supply Issues for power plants resolved

Image of Coal Supply Issues for Power Plants Resolved

Image of Coal supply Issues for power plants resolved

- Published/Last Modified on: November 5, 2018

Education, Economy, Agriculture/Agro Industries, Govt. Schemes/Projects

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