SEATTLE—India’s Prime Minister Narendra Modi took the nation by storm when he fluidly snatched the reigns of governance from the Congress party in 2014. The National Democratic Alliance (NDA) flourished as a result. Modi’s BJP (Bharthiya Jantha Party) has been at the epicenter of political activity and development ever since.
Narendra Modi has had to grapple with challenges within the party while establishing his rule. Steering an economy with a growth rate of 7.6 percent will be a progressive endeavor. Amid forging steadfast international relations and promoting India’s capacity, Modi has made steady progress and headway with regards to the alleviation of poverty.
The following strategies set in motion by Narendra Modi will hopefully help to alleviate poverty in India:
Pradhan Manthri Jan Dhan Yojna (Public Wealth Scheme)
Launched on August 28, 2014, this efficient strategy revolves around the provision of accessible and flexible financial services to the poor. This encompasses more availability of saving schemes coupled with credit and banking services.
A recent study has accentuated how Pubic sector and rural banks have benefitted as a result. It is a positive sign that many have gained from the provision of overdrafts. Deposits have also sky rocketed to 118 percent since its inception.
Beti Bachao, Beti Padhao (Save Daughter, Educate Daughter)
This is one of the major triumphs among the schemes. The goal behind it is to empower young girls so that they can obtain quality education. Additionally, this will combat the low child sex ratio and the threat of dowry and child marriage in low-income groups. Many states in India have taken on this commitment.
Make in India
This strategy has indeed reached a pinnacle of success so far. As attracting investments to boost FDI (Foreign Direct Investments) and providing employment is imperative for the economy, this strategy will prove fruitful for the cause.
This endeavor has also greatly bolstered entrepreneurship. The recent Make In India Awards has aimed to encourage existing start-ups by small businesses. Nearly $63 billion was received in FDI in the year 2015 alone, and many sectors have benefitted as a result.
Swacch Bharath Abhiyan (Clean India campaign)
The most ubiquitous concern in India is sanitation and Modi has promised to remain active in the matter through this initiative. Poor hygiene conditions can lead to the spread of water and air born diseases, and this initiative will counteract the high rates of open defecation and involve the building of 12 crore toilets.
The Government has recently called for a thorough clean-up of ten iconic sites to transcend the sanitation message. So far, funds amounting to Rs 369.74 crore have been secured and many sectors of the economy have been mobilized.
Many services are now taxed to promote cause and safeguard funds. Furthermore, Modi especially hopes to make a difference in the next three years.
Overall, Modi’s strategies will alleviate poverty in India and pave the way for a sustainable future, hopefully in a country where corruption and funds are not a hindrance. His other actions and plans also echo this objective.
His ongoing trip to South Africa highlights how campaigns such as Make In India has been an imperative tool in attracting businesses to India. Modi’s focus on both political, social and economic reform will address poverty alleviation and the underlying necessary changes.
– Shivani Ekkanath