• Raises the Income Tax exemption limit to Rs. 5 LPA
• Raises standard deduction from Rs. 40k to Rs. 50k
• Allows individuals to sell one house property and make investment in two houses without paying any CGT
• Raises the threshold for TDS on interest income from Rs. 10k to Rs. 40k
• Separate Department of Fisheries has been created
• Definition
– Process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost.
• Globally, 1.7 bn adults don’t have a basic transaction account.
Demand-side
– Low income
– Financial illiteracy
– Digital illiteracy
– Lack of awareness
– Poor marketing
Supply-side
– Branch proximity
– Documentation
– Repayment terms
– Attitude of bank staff
– Technical issues
• Finance & Development Corporations* to give
concessional finance to:
– Scheduled Castes
– Scheduled Tribes
– Safai Karamcharis
– Backward Classes
– Minorities
– Handicapped *Above are not for profit u/s 25 of Companies Act
• Rashtriya Mahila Kosh
• PM MUDRA Yojana
• Stand Up India Scheme
• Startup Village Entrepreneurship Programme
• Venture Capital Fund Scheme (for SCs & OBCs)
• Credit Enhancement Guarantee Scheme
• PM Jan Dhan Yojana
• Autonomous organization under MoWCD
• Provides micro credit to poor asset-less women
• Credit is given for income generating activities
• Offers loans for upto 12% simple interest to SHGs
• Loans upto Rs. 10 Lakh for non-corporate non-farm micro and small enterprises
– ~90% of this sector does not have access to formal sources of finance
– Disbursed by Commercial Banks, RRBs, Small Finance Banks, Cooperative Banks, MFIs and NBFCs
– Refinanced by Micro Units Development and Refinance Agency Bank (or MUDRA Bank)
• Loan products as per stage of growth:
– Shishu (50k)
– Kishore (50k to 500k)
– Tarun (500k to 1000k)
• Every bank branch has to give a loan between Rs. 1 Lakh to 1 Crore to at least:
– One SC or ST borrower
– One woman borrower
• Loan is for setting up a Greenfield enterprise in manufacturing, services or trading sector
• Also called National Mission for Financial Inclusion
• To ensure access to following financial services: – Banking/ Savings & Deposit Accounts
– Remittance
– Credit
– Insurance
– Pension
• About 34 Crore bank accounts opened as on Jan 2019
• Eight Elements of Good Governance
1. Participatory
2. consensus oriented
3. Accountable
4. Transparent
5. Responsive
6. effective and efficient
7. equitable and inclusive
8. follows the rule of law
• Strategy for New India @ 75
– detailed roadmap
• Aspirational Districts Programme (Jan 2018)
– Aimed at 115 most backward districts
– Convergence of multi sector schemes
– Ranking based public competition among districts
• Direct Benefits Transfer
– Cumulative transfer of funds has crossed Rs. 6 L Cr
– Estimate savings have touched Rs. 1.1 L Cr (up to Dec 2018)
• Civil Service
– Promote an officer oriented culture
– Reduce the no. of current 60+ separate civil services at central and state level through rationalization
– Encourage lateral entry at higher levels
– Bring down entry age in civil services
– Strengthen municipal cadres and outsource where possible
– Develop inclusive citizen-centric framework of governance
• Legal
– Create a repository of all existing central, state laws & rules
– Repeal redundant laws
– Reform criminal justice and procedural laws with focus on pre-institution mediation
– Prioritize court process automation and ICT enablement for electronic court and case management
– Introduce an administrative cadre in the judicial system
• Police
– Implementing Model Police Act 2015
– Greater representation of women
– Continual education for police personnel
– Reform of FIR lodging mechanism (introduce e-FIRs)
– Common nation-wide emergency number
– Separate cadre for cyber crimes
• Offering services in faceless, paperless and cashless mode
• Providing connectivity and digital identity to all
• Targeting benefits through Aadhar-enabled DBT
• Simplifying forms/processes + Process re-engineering
• Use Artificial Intelligence for better implementation
• Promote usage of UMANG App + My Gov App
• 5 L insurance cover per family per year for secondary/tertiary care;
• States to pay 40% cost;
• Implementation through State/District Health Agency
• 1. 5 Lakh Health & Wellness Centres to provide primary care
• At least 1 Medical College for every 3 Parliamentary Constituencies
• At least 1 Government Medical College in each State of the country
• Subsumes: RSBY + Senior Citizen Health Insurance Scheme (SCHIS)
• Current status (as on 31st Jan 2019): – 6600 HWCs have been made functional – Nearly 10 Lakh beneficiaries received treatment worth Rs. 1000 Crore
• Commitment to achieve Universal Health Coverage
• Increase govt. funding to 2.5% of GDP by 2025
• States should spend 8% of budget on health by 2020
– Currently it is around 5%
• Put Primary Health Care First
– It can tackle up to 80% of health needs and reduce need for specialized health services
• Focus on Financial Protection and not Notional Coverage
– In 2015-16: 25% pop. covered under health insurance
– With PMJAY, it is expected to touch 55% pop.
– NITI Aayog => 75% by 2022
• States must take Lead and Innovate
– Develop sub-district level health system
– Separate public Health cadre
– Strengthen urban primary health services
• NATIONAL SKILL DEVELOPMENT AGENCY (ADVICE & COORDINATION)
• NATIONAL SKILL DEVELOPMENT CORPORATION (INDUSTRY-LED)
– PRAVASI KAUSHAL VIKAS YOJANA
• PM KAUSHAL VIKAS YOJANA
– SKILL TRAINING TO 10 MILLION YOUTH BY 2020
– SHORT TERM TRAINING (150-300 HRS) TO DROPOUT / UNEMPLOYED
– RECOGNITION OF PRIOR LEARNING AND BRIDGE COURSES IF NEEDED
– KAUSHAL AND ROZGAR MELAS EVERY SIX MONTHS
– PLACEMENT ASSISTANCE AND PROPER MONITORING
• DEENDAYAL ANTYODAYA YOJANA
• START UP INDIA SCHEME
• STAND UP INDIA SCHEME – SC/ST and Women
• RURAL ENTREPRENEURSHIP:
– DDU SWANIYOJAN YOJANA – rural version of Startup India
– STARTUP VILLAGE ENTREPRENEURSHIP PROGRAMME (SVEP)
– RURAL SELF EMPLOYMENT TRAINING INSTITUTE (MORD)
– INDIA BPO PROMOTION SCHEME (IBPS)
– DAIRY ENTREPRENEURSHIP DEVELOPMENT SCHEME (DEDS)
• For Education
• For Economic Development
• For Social Empowerment
• For Political Representation & Reservation in Employment
• Other Institutional Mechanisms
Refer => Yojana Analysis August 2018
• Education outlay increases by 10%
• Focus on tech-led reforms in higher & secondary edu
• Allocation of:
– Rs. 0.3 L Cr to National Education Mission
• All schemes related to literacy / education improvement have been put under the umbrella of National Education Mission.
– Sakshar Bharat
- Literacy campaigns Adult Education & Skill Development
– Sarva Shiksha Abhiyan
– Rashtriya Madhyamik Shiskha Abhiyan (RMSA)
– Teachers Training
– Rs. 0.3 L Cr to school education (primary + secondary)
• UN Declaration of the Child Rights (1959)
• UN Convention on the Rights of the Child (1989)
– First legally binding international instrument to incorporate full range of human rights of child
– India is the signatory of UNCRC (1992) and post that changed its law on juvenile justice
• National Commission for Protection of Child Rights (2007)
• Right to Education Act 2009
• NCPCR Guidelines for Eliminating Corporal Punishment in School 2010
• Protection of Children Against Sexual Offences Act 2012
• Global Strategy for Women's and Children's Health (2016-2030)
• Art 21A: Right to free and compulsory elementary education for all children b/w 6 to 14 age
• Art 24: Right to be protected from any hazardous employment till the age of 14 years
• Art 39(e): Right to be protected from being abused and forced by economic necessity to enter occupation unsuited to their age or strength
• Art 39(f): Right to equal opportunities and facilities to develop in a healthy manner and in conditions of freedom and dignity and guaranteed protection of childhood and youth against exploitation and against moral and material abandonment
• Age-appropriate sex education in school and home
• Prevalence of Child labor and trafficking
• Malnutrition – Over & Under
• Regional Imbalances in Child Development
• Each state should have their own plan for Child Health
• Providing credit to poor families to offset Child labor
• PRIs should be involved in effective implementation of RTE & Child Labor Prohibition law
• ~2 Lakh population in small pockets in RJ, MP & Delhi are in family prostitution (e.g. Bedia community)
• Special attention to differently-abled children
• Sex education deserves spotlight
• World
– By 2050, 1 of every 5 persons will be 60+
• Currently, 1 of every 10 is 60+
• India
– Pop. (2018) = 100 million (> pop. of UK)
– Pop. (2050) = 324 million (> pop. of USA)
• Roots of traditional joint family system eroding:
– Rapid urbanization
– Higher aspirations among youth
– Increasing participation of women in workforce
• Increase in lifespan results in chronic functional disabilities leading to need for assistance
• Lack of special attention to diet, health related complexity not apprehended by the elders
• Quality of Life Index for Elderly
– 4 pillars:
• Physical
• Intellectual
• Social connectedness
• Spiritual
– Ease of Living will be proportional to avenues available for the development of the four domains of life after 60