The new scheme ‘Start-up India; Stand up India’ will promote bank financing for start-ups and offer incentives to budding entrepreneurs.
“We are looking at systems for enabling start-ups. We must be number one in start-ups… Start-up India; Stand up India,” he said, urging all the 1.25 lakh bank branches to fund at least one start-up of the tribals, dalits and women entrepreneurs.
The initiative, Modi said, would give a new dimension to entrepreneurship and help in setting up a network of start-ups in the country.
As part of the Skill India and Digital India initiative, the Prime Minister said incentives will be given to manufacturing units for generating jobs.
He discouraged the current practice of interview-based selections for low-skilled government jobs. He urged the authorities to promote merit by recruiting only through transparent, online processes.
PM Modi also reiterated his government’s resolve to make India a developed nation by 2022. He promised that every person will at least have a house and access to basic services like electricity. He said, electricity will reach all the 18,500 remote villages which still remain without power within the next 1,000 days.
The Prime Minister also spoke of the welfare schemes launched by the his government, including Atal Pension Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Jeevan Jyoti Yojana, and the schemes launched for labour welfare. He claimed that 10 crore people have enrolled for social security schemes in about 100 days.
Talking about the financial inclusive programme ‘Jan Dhan Yojana’, he said 17 crore bank accounts were opened. Although the accounts were to be zero-balance accounts, people deposited a whopping Rs 20,000 crore in them, reflecting the “richness of India’s poor”, he added.
(With PTI inputs)