Year in review: Major announcements by Prime Minister Narendra Modi in 2016

New Delhi, Ashish Ranjan | Updated : 31 December 2016, 02:09 PM

The year 2016 has seen many big announcements from the PM Modi’s government. The most prominent announcement came in the form of demonetisation. Apart from demonetisation, many other schemes were also announced.

Here are the complete account of major announcements in the year 2016:

# Lucky Grahak Yojana and Digi Dhan Vyapar Yojana: Prime Minister Narendra Modi launched two schemes to encourage digital transactions -- 'Lucky Grahak Yojana' and 'Digi Dhan Vyapar Yojana'.

# Pradhan Mantri Garib Kalyan Yojana: The Pradhan Mantri Garib Kalyan Yojana (PMGKY) notified along with other provisions of Taxation Laws (Second Amendment) Act, 2016 came into effect from 17 December 2016. It will remain open until March 31, 2017.

# Demonetisation: Prime Minister announced on November 8 that Rs 500 and Rs 1000 notes will cease to be legal tender.

# Urja Ganga project: Prime Minister launched "Urja Ganga", an ambitious gas pipeline project which will bring piped cooking fuel to residents of this ancient temple town of Varanasi besides catering to millions of consumers in neighbouring states of UP.

# SAUNI Yojana Gujarat: During a gathering in Rajkot on 20th August the Chief Minister of Gujarat, Vijay Rupani, announced that 10 dams of the Saurashtra region will be filled with water from Narmada under the SAUNI Yojana. This is a special yojana that will be inaugurated by the Prime Minister of India.

# Insolvency and Bankruptcy Code, 2016: The Insolvency and Bankruptcy Code, 2016 is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. The Insolvency and Bankruptcy Code, 2015 was introduced in Lok Sabha in December 2015. It was passed by Lok Sabha on 5 May 2016.

# Sagar Mala project: Sagar Mala project is a strategic and customer-oriented initiative of the Government of India to modernize India's Ports so that port-led development can be augmented and coastlines can be developed to contribute in India's growth. It looks towards "transforming the existing Ports into modern world class Ports and integrate the development of the Ports, the Industrial clusters and hinterland and efficient evacuation systems through road, rail, inland and coastal waterways resulting in Ports becoming the drivers of economic activity in coastal areas.

# e-NAM Platform: PM Modi launched e-NAM – the e-trading platform for National Agriculture Market on April 14, 2016. 21 mandis from 8 States had join e-NAM

# Gatiman express launch: The train was launched on 5 April 2016 and completed its maiden journey within 100 minutes.

# Stand Up India: Prime Minister Narendra Modi have launched the Stand Up India scheme on April 5, at Sector 62, Noida. The scheme aims at promoting entrepreneurship amongst scheduled castes, scheduled tribes and women.

# Prime Minister's Crop Insurance Scheme: Prime Minister's Crop Insurance Scheme was launched by Prime Minister of India Narendra Modi on 18 February 2016. It envisages a uniform premium of only 2 per cent to be paid by farmers for Kharif crops, and 1.5 per cent for Rabi crops.

# Startup India: Prime Minister Narendra Modi launched Startup India campaign on January 16, 2016. The campaign is aimed at providing assistance to start-up companies in India. He announced list of incentives to be given for start-ups.

First Published: Saturday, December 31, 2016 12:03 PM
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