After rolling out a host of schemes, including those targeted at the social sector such as Pradhan Mantri Suraksha Bima Yojana, Atal Pension Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana, among others, the government will now focus on their implementation.
Besides, with several key reforms including the goods and services tax (GST) Bill stuck in Parliament logjam, the government is set to expedite the introduction of other measures, which do not need to be routed through Parliament.
Modi will himself keep an eye on the progress of these schemes and hold review meetings from time to time, sources said. By October, the government is set to bring in the bankruptcy law, which is likely to further boost the Make in India initiative.
“The focus would not be on launching any more new schemes but on the execution of each of them,” a senior government official who did not wish to be identified said.
Modi has also made it clear to his team that implementation would be key to ensure that India does not suffer due to the imminent slowdown in China.
The official added that the government is keen to ensure that these schemes achieve their desired results in the next six months, to help it prepare a positive report card before the Budget presentation next February.
Last week, the Centre directed banks to disburse a loan of Rs 1,22,188 crore to small business units as part of Mudra loans under Pradhan Mantri Mudra Yojana. Besides, the performance of public sector banks would also depend on their success with such schemes.