Prime Minister Narendra Modi announced a new campaign Start-up India; Stand up India to encourage entrepreneurship among the youth of India. The campaign will also promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation. PM Modi promised to do away with the current practice of interview-based selections for low-skilled government jobs. In his Independence Day speech, he said each of the 1.25 lakh bank branches should encourage at least one Dalit or Adivasi entrepreneur and at least one woman entrepreneur.
Points to Note
- PM Modi has set deadline of 1000 days to connect 18,500 villages with electricity.
- PM Modi assured that GOI will provide houses and access to basic services to all and to make India a developed nation by 2022.
- GOI will rename the present Agriculture Ministry as ‘Agriculture and Farmers’ Welfare Ministry’.
- For low-skilled government jobs, the current practice of ‘interview-based’ selections will be replaced by online merit based recruiting.
- He said 10 crore people have enrolled for social security schemes in a mere 100 days.
- Talking about the financial inclusive programme Jan Dhan, he said 17 crore bank accounts were opened.
- Under the Skill India and Digital India initiative government to provide package of incentives to manufacturing units.
Test Your Knowledge
Who was the first Finance Minister of Independent India?
