On PM Narendra Modi's birthday, here’s looking at 10 schemes that bolstered India's economic development, financial stability

PM Modi had sworn in as the 14th Prime Minister of India on 26 May 2014. Since then, a lot has been changed in India. And what could have been a better occasion to track the top 10 schemes of PM Modi that changed the growth trajectory of India:

PM-KISAN Scheme or Pradhan Mantri Kisan Samman Nidhi aims to provide financial support to farmers, the backbone of the country. Under the scheme, the government offers Rs 6000 every year in three instalments of Rs 2000 each to over 14.5 crore farmers across India. The funds are transferred directly to the bank accounts of the farmers.

Another scheme launched by PM Modi to support the farmers is Pradhan Mantri Kisan Pension Yojana. The scheme aims to offer a fixed monthly pension of Rs 3,000 to farmers across the country. 

 

Farmers in the age group of 18-40 years co-invest in the scheme jointly to secure their retirement age. The spouse of the beneficiary is entitled to receive 50% of the pension amount in case of the death of the beneficiary.  

Launched by PM Modi, Pradhan Mantri Jan Dhan Yojana is a financial inclusion scheme aimed at offering affordable banking services to all households in India. The schemes offer Indians a slew of services such as zero balance account, access to easy credit, insurance, and regular pension, among others. 

Pradhan Mantri Shram Yogi Maan-dhan aims to provide monthly pensions to subscribers of the scheme. The voluntary contributory pension scheme offers regular pensions to subscribers after they attain 60 years of age.

Launched way back in 2015, the Pradhan Mantri Mudra Yojna (PMMY) aims to provide loans worth up to Rs 10 lakh to small and micro-enterprises. The scheme was launched to create a valuable entrepreneurial ecosystem in India.

Atal Pension Yojana was launched by PM Modi to safeguard the retirement of workers employed in the unorganised sector. The scheme lets such people co-invest so that they can receive a decent pension of Rs 5000 by investing as little as Rs 210 per month. Atal Pension Yojana also replaced the Swavalamban Yojana. 

Start-up India was launched by Prime Minister Narendra Modi in 2016 to boost India’s startup ecosystem. Since the launch of the Start-up India programme, India has witnessed so many Indians entering the unicorn club. More startups are expected to generate value via entrepreneurship and innovation in the country in the coming times.

Pradhan Mantri Suraksha Bima Yojana was launched by PM Modi to insure India’s population from any unfortunate incidents. The insurance policy aims to provide some financial relief to families who lose their loved ones in accidents.

Last but not the least, PM Modi launched the Digital India Mission, a flagship programme of the Central government, that aims to transform India’s success story digitally. The scheme aims to create a digital India to empower Indian citizens.