Appraisal of recently launched government schemes

1. Appraisal of recently launched schemes by
Indian Government
Group 9
Devank B Pandya
Srishti Manocha
Dhruv Adlakha
Sourav Jain
Lakshay Budhiraja
Shubham Jain

2. Pradhan Mantri Jan Dhan Yojna
 Financial inclusiveness and banking access
 Insurance Cover and Conviction of security
 Saving the poor from the money lenders
 Eliminating middle men for transfers like subsidies
Mera Khata Bhagya Vidhata
World’s largest financial inclusion scheme
 Overdraft facility puts pressure on the banking
sector
 Dormant account a persistent issue
 Cybercrimes is an issue for the illiterate section of
the society
 Duplicity of accounts

3. Make in India
 Develop job opportunities
 Expansion of GDP
 Development of rural areas
 Increase in brand value
 Foreign flow of capital
Get the manufacturing sector to grow at 10% on a
sustainable basis over a long run
 Manufacturing based economy and threat of
negligence of agriculture which needs immediate
attention
 Loss for small entrepreneurs
 Depletion of natural resources and threat of
environmental degradation

4. Pradhan Mantri Bima Fasal Yojna
 Lowest premium of all the crop insurance schemes
till date
 Post harvest coverage
 Covers localized risks such as hailstorms, landslide,
inundations
 Encourage farmers to adopt innovative and
modern agricultural practices
Minimum premium, maximum insurance for
farmer welfare
 Increased financial burden on the government and
budget allocations needs to be made
 Doesn’t cover loss caused by wild animals
 Reach of technology very limited in rural areas

5. Gold Monetisation Scheme
 Dead gold lying with families will now earn interest
with no issues of safety
 Will reduce import of gold
 Foreign exchange reserves and value of rupee
could be kept in check
 Exemption on various taxes for the interest earned
from the scheme
Earn, while you secure
Mobilize the gold held by households and institutions in the
country
 Tax on conversion of Physical gold into gold
deposits with a flat tax of 20% on the capital gain
 Very low rate of interest
 Jewelleries cannot be deposited which contains
the major chunk of India’s gold reserves
 People expect appreciation of gold value

6. Pradhan Mantri Suraksha Bima Yojna
 Scheme is very flexible
 Easy to apply for and continue
 Very low cost, will bring in the rural economy
 Simple claim settlement process
 Highly reliable
Minimum basic accidental insurance cover at a
minimal cost
 The amount is just Rs 2Lac which may not be
sufficient
 Existing accidental insurance are more competitive

7. NITI Ayog
 More efficient and transparent
 Aligned with the image of India as a free
market based economy
 Much more flexible than the Planning commission
with mid term goals of 7 years and a 15 year vision
Advisory body providing critical directional and
strategic inputs across key elements of policy to
both centre and state
 Expectation of people from a new institution may
become a hindrance
 More members as compared to Planning
commission, may lead to conflicts
 Overlap in the roles of NDC, Governing Council
and Inter-state council leading to policy conflict

8. THANK YOU