EXPLAINED NATIONAL

FACTUAL HIGHLIGHTS FROM PM MODI’S TRUST VOTE SPEECH

PM Modi

The NDA government led by Narendra Modi witnessed an eventful day as the floor of the House witnessed a no-confidence motion against the incumbent government being defeated. The motion was brought by Telugu Desam Party to supposedly protest against the denial of Special Category Status to Andhra Pradesh. During the marathon debate of 12 hours, the leaders from across all political spectrum traded charges against each other with rhetoric, monologues and revelations. All eyes were on PM Modi’s reply.

The following are some important factual highlights from PM’s speech in Lok Sabha

Rural Electrification:

The prime minister in his reply informed the house of how his government roped in 18,000 villages under electricity connection for the first time in seventy years after independence. Out of these, 15,000 villages are from Eastern and North Eastern regions which the previous government secluded and disconnected from the mainland India.

NPAs and Financial Stability:

Addressing the house, the PM mentioned that much before the internet banking, the Congress party was involved in phone banking, securing loans for its cronies from the commercial banks without project assessment or even clearances.

He added, total amount loaned by the banking sector was Rs. 18 lakh crores in first 60 years whereas, under the UPA government (2008-2014), the total disbursement stood at Rs. 52 lakh crores. Indiscriminate lending to crony capitalists, he said, led to the creation of huge Non Performing Assets.

A recapitalisation package of Rs. 2,10,000 crore has been sanctioned for recuperating the health of the banking system along with amended provisions of Insolvency and Bankruptcy Code and Fugitives Economic Offenders Bill, he said. Moreover, the NDA government has successfully recovered 55% of the top five NPAs through National Company Law Tribunal, he said.

Gram Swaraj Abhiyan:

Talking about the development of rural regions, the PM informed that his government strived to include all the 115 aspirational districts under the holistic development net which were designated as focus regions under Gram Swaraj Abhiyan. From providing electricity and cooking gas connections, vaccination to new born, LED bulbs to each household, to providing insurance cover, the NDA government used all means to connect these erstwhile inaccessible areas.

The government has also worked towards the provision of digital infrastructure under BharatNet Program to connect every village panchayat with high speed infrastructure connection, he told the House.

President’s Rule under Article 356:

Expressing his anguish towards the misuse of democratic powers for political gains by the Congress party, PM Modi said that the Congress government never spared an opportunity to unseat Chief Ministers they disliked, using unfair means and arbitrarily invoking article 356.

He added that the Congress under ex-PM Indira Gandhi’s rule imposed President Rule 50 times (1966-77, 1980-84), highest till date, in her two stints as PM of the country.

Financial Inclusion:

The PM said that it was the honour of his government to open the doors of banks for the poor who were earlier denied an opportunity to be part of the formal banking setup. Under Jan Dhan Yojana, the government opened 32 crore Jan Dhan Accounts.

Schemes for women:

PM Modi said that crores of poor women are leading smoke-free lives thanks to Ujjwala Yojana and Swachh Bharat Abhiyan has facilitated the provision of safe sanitation for women. The PM reiterated that the move against Triple Talaq, Beti Bachao Beti Padhao, stricter rape laws and other initiatives to improve sex ratio of the country, all being done.

Agriculture sector schemes:

Reiterating his government’s aim of doubling the farm income by 2022, the PM said that reforms have been carried out for the provision of seamless support throughout the farming cycle.

A total of 15 crore farmers got access to the soil health cards and the government completed the task of delivering 100% neem coated urea to all, he added. Replying further he said that the farmers got a total of Rs. 5,500 crores worth of insurance which is three times the premium that they paid.

Formal and Informal employment:

PM Modi told the House that a total of 13 crore youth got access to entrepreneur loans under MUDRA scheme and more than 10,000 start-ups are running in the country at present.

Talking of formal employment, he told that during September 2017-May 2018, 35 lakhs new subscribers got added to Employee Provident Fund and 5,68,000 people got added to New Pension Scheme. Cumulatively, the data shows that more than 50 lakh people joined the formal sector employment during that time period.

During 2016-17, 17,000 new Chartered Accountants got involved with the system and out of that around 5,000 started their new firms. If every single company employed around 20 people, all these new firms would have employed more than 1 lakh people, he added.

Presenting the informal employment statistics, the PM said that the transport sector saw a total sale of 7,60,000 commercial vehicles in 2017. Taking into account 25% of these sales to be resale, still the sector was able to generate employment for 11,40,000 people.

Similarly, with the total sale of 25,40,000 of passenger vehicles and accounting for 20% of these sale as resale, the sector was able to generate employment for nearby 5,00,000 people, he said.

Mentioning about auto-rickshaw sales, he said that during 2017, around 2,55,000 auto-rickshaws were sold. Deducting for the 10% of resold autos on the roads, the sector managed to generate employment opportunity for 3,40,000 people.

Summing up the entire transportation sector sale, the sector was able to provide work to 20 lakhs in the span of one year, he said.