The direct benefit transfer programme has resulted in Rs 50,000 crore savings for the government in the last three years as funds were directly transferred to 32 crore needy people, BJP President Amit Shah has said.
The Aadhaar-linked DBT scheme, he said, has helped in plugging leakages, removing middlemen and eliminating ghost beneficiaries.
As many as 32 crore people received funds in form of subsidies directly into their bank accounts resulting in savings of nearly Rs 50,000 crore to the exchequer over the last three years, he told PTI in an interaction.
Citing various achievements of the Narendra Modi-led government, Shah said, both direct and indirect taxes have witnessed a growth rate of 20 per cent, which is unprecedented in the history of independent India.
“On the economic front, the BJP-led government has performed very well. We are the fastest growing nation in the world and inflation by and large is under control,” he said.
Listing out the government’s high points during 2016-17, Shah said, there were many like “highest urea production, largest gas connection distribution, record coal and power production, highest national highway and rural road construction, vehicle manufacturing, biggest ever software export and highest ever forex reserve”.
Besides, he said his party “BJP had achieved the greatest political gain during the year”.
He further said that interest rates have been reduced remarkably and fiscal deficit has been reined in at 3.9 per cent in 2015-16.
It was under the NDA regime, the country saw a 5.1 per cent industrial growth and 4 per cent agriculture growth and also 45 per cent rise in FDI inflows, the BJP national president said, adding that exports also surged after registering a slowdown.
As a result, he said, per capita income has increased by Rs 10,000 to cross Rs 1-lakh mark at Rs 1.03 lakh.
On soaring financial markets, Shah said both key indices Sensex and Nifty have touched their record highs, triggered by the positive sentiment.
With regard to Goods and Services Tax (GST), he said, “We have moved ahead with it and it will be implemented soon.”
The government intends to implement the GST from July 1.
On other key initiatives, he said that under the Ujjwala Yojana, more than 2 crore women from BPL families have been given LPG connections and the target is to take this number to 5 crore by 2019.
As far as the power sector is concerned, Shah said, nearly 13,500 dark villages electrified out of a target of 18,456.
Power generation has increased by 30 per cent and the government has reduced electricity consumption by installing 23 crore LED lamps.
As part of government’s effort to fund the unfunded, more than 7.45 crore entrepreneurs have been given bank loans under Pradhan Mantri Mudra Yojana, he said.
Under the Mudra Yojana, a loan of up to Rs 50,000 is given under ‘Shishu’ plan, between Rs 50,000 to 5 lakh under ‘Kishore’, and between 5 lakh to 10 lakh under ‘Tarun’.
Banks have sanctioned more than 22,000 applications worth Rs 4,699 crore under ‘Stand Up India’, he said.
The scheme facilitates bank loans between Rs 10 lakh and Rs 1 crore to at least one scheduled caste/scheduled tribe borrower and at least one woman borrower per bank branch for setting up greenfield enterprises.
Talking about other social security schemes, he said Pradhan Mantri Suraksha Bima Yojana (PMSBY) has benefited more than 16 crore since its launch in 2015 while Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a low premium life insurance scheme, has covered over 3 crore.
With regard to pension scheme, he said, the Atal Pension Yojana (APY) has covered 38.23 lakh individuals and disbursed Rs 1,344 crore.
The subscribers base under the APY has reached about 53 lakh, he said, adding that 235 banks and the Department of Post are involved with the implementation of the scheme at present.