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25 September 2017
 |
| Prime Minister Narendra Modi (The Total Investment & Insurance Solutions) |
Prime
Minister Narendra Modi is set to launch a group of schemes that would bring
free electricity for five years for BPL cardholders. This is part of an
ambitious Saubhagya Yojna. The major objective is to provide last-mile
connectivity to ensure electricity reaches far-flung areas of the country.
This is being seen as a major push towards
fulfilling his electoral promises after demonetisation on November 8, 2016, and
the rollout of GST from July 1.
Some of the major highlights of the Saubhagya
scheme are:
* BPL
cardholders to get free electricity
* Those above the poverty line can pay for electricity in EMIs
* Government sets deadline of March 29, 2019 to bring electricity to all households
* 18,000 villages – 3 crore rural households - without electricity currently to benefit from the schemes
* Rs 16,320 crore outlay for the power scheme, a part of which will be borne by state governments
* Special focus on health and education for middle and low-income groups
* Those above the poverty line can pay for electricity in EMIs
* Government sets deadline of March 29, 2019 to bring electricity to all households
* 18,000 villages – 3 crore rural households - without electricity currently to benefit from the schemes
* Rs 16,320 crore outlay for the power scheme, a part of which will be borne by state governments
* Special focus on health and education for middle and low-income groups
Also on the menu are measures to encourage
domestic investments and provide more money for rural infrastructure and
affordable housing.
Putting more money into the hands of
consumers this festive season, easier loans to SMEs and expediting
disinvestment are among the steps being considered as part of a stimulus
package.
Chief Economic Advisor Arvind Subramanian was
tasked with preparing details of the pressure points facing the economy and the
probable remedies.The Total Investment
& Insurance Solutions
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