One Year of Modi 2.0 E-book PDF

The “One Year of Modi 2.0” e-book highlights the pressing challenges faced by our country and the world due to COVID-19, starting from the beginning of 2020. As nations globally entered lockdowns, people struggled to combat the disease’s spread. Under the strong leadership of Prime Minister Narendra Modi, Indians showed immense dedication to preventing the outbreak of COVID-19.

India seized the opportunity to turn this crisis into a chance for self-reliance, moving towards the vision of “Aatmanirbhar.” To support this goal, the Prime Minister introduced a 20 Lakh Crore Rupee Stimulus package, which accounts for around 10% of India’s GDP, designed to boost the economy and sustain its growth.

The Importance of Social Distancing

In his discussions with Gram Panchayats across the nation, the Prime Minister emphasized the need for maintaining a Do Gaj Ki Doori—or a distance of Two Yards—between individuals as a crucial measure for social distancing.

Major Financial Announcements

Announces Rs 1.7 Lakh Crore Financial Package

• The Narendra Modi Government announced a Financial Package of Rs 1.7 Lakh Crore on 26th March, focusing on emergency cash transfers for the poor.
• An ex-grant of Rs 1,000 will be given to 3 crore poor senior citizens, widows, and disabled individuals.
• Farmers will receive Rs 2,000 in advance under the existing PM Kisan Yojana for 9.72 crore farmers in early April.
• State Governments have been directed to use the Building and Construction Workers Welfare Fund to provide relief to construction workers.
• The government proposes to contribute 24% of monthly wages to the provident fund accounts for wage-earners below Rs 15,000 in businesses with fewer than 100 workers for the next three months.
• For 3 crore aged widows and Divyang individuals, Rs 1,000 will be provided to help them face difficulties over the next three months.
• For Women’s Self Help Groups (SHGs), the limit for collateral-free lending will double from Rs 10 to Rs 20 lakhs.
• The Employees’ Provident Fund Regulations will be updated to include the pandemic as a valid reason, allowing a non-refundable advance of 75% of the amount or three months’ wages, whichever is lower.
• State Governments will be asked to utilize funds from the District Mineral Fund (DMF) to enhance medical testing and treatment facilities related to COVID-19.

Announces Rs. 20 Lakh Crore Economic Stimulus Package & Calls for Aatmanirbhar Bharat, Self-Reliant India

• Relief measures for the poor, migrants, and the disadvantaged, including free food grains, cheaper loans, and affordable housing.
• Migrants – Rs. 3500 Crore in free food grains, with 8 Crore migrants receiving 5 kg of wheat/rice per person and 1 kg of pulses per family.
• Street Vendors – Rs. 5000 Crore in special credit facilities for 5 million street vendors.
• Job Creation – Rs. 1,01,500 Crore increase for MGNREGA to boost employment.
• Mudra Loans –
  • Relief of Rs 1500 Crore for Shishu Mudra Loans.
  • Interest subvention of 2% for 12 months.
• Urban Housing –
  • Rs 70,000 Crore Credit Linked Subsidy Scheme for those with incomes between Rs 6 to 18 Lakh.
  • An affordable housing scheme for migrant workers and the urban poor.
• Farmers –
  • Rs 2 Lakh Crore in concessional credit through Kisan Credit Cards benefiting 2.5 Crore farmers and fishermen.
  • 30,000 Crore in additional emergency working capital fund available through NABARD for 3 Crore small and marginal farmers.
• Agriculture Infrastructure Fund – Rs 1 Lakh Crore financing for agriculture infrastructure projects.
• Fisheries –
  • Rs 20,050 Crore allocated for the Pradhan Mantri Matsya Sampada Yojana.
  • Rs 11,000 Crore for marine, inland fisheries, and aquaculture development.
  • Rs 9000 Crore for infrastructure, including fishing harbours, cold chains, and markets.

For more detailed information, you can download the PDF version of this e-book containing all the insights. Make sure to grab your copy now and explore one year of Modi 2.0!