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Tuesday, Oct 15, 2019

Govt may not launch more big schemes

epaper Updated: May 24, 2016 09:59 IST

NEW DELHI: Two years after taking charge, Prime Minister Narendra Modi-led Union government may not launch any major scheme, and instead focus on implementing the existing ones for the next three years, sources said.

The government has asked ministries, especially the finance ministry, to provide detailed reports, on the implementation and impact of projects, such as Jan Suraksha, which includes Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana.

The Mudra scheme, and Start Up India and Stand Up India programmes are also being monitored.

The focus on the finance ministry stems from the fact that the progress of schemes under the ministry, such as, Jan Dhan Yojana and Atal Pension Yojana, are relatively easy to evaluate as far data is concerned.

In contrast, it is difficult to measure the progress of certain schemes like Swachh Bharat and Beti Bachao Beti Padhao.

“The Jan Suraksha schemes are of particular importance as they would further help in expanding the scope of financial inclusion. Much like the Pradhan Mantri Jan Dhan Yojana, these are being monitored and progress reports are being sent regularly to ministries and the Prime Minister’s Office,” a senior government official told HT.

The finance ministry wants to showcase and present an encouraging progress report of its schemes in the next Union Budget, he added.

To increase awareness about these programmes, an aggressive advertising and marketing campaign may also be launched in the next few months, especially to attract the semi-urban and rural audiences.

“We have enough schemes and programmes targeted at the social sector and otherwise, we need proper implementation of these… implementation will be critical to take the country to the next stage of economic development,” said Rajiv Kumar, senior fellow, Centre for Policy Research.

Meanwhile, Hemant Contractor, chairman, Pension Fund Regulatory and Development Authority (PFRDA), had earlier said that as many as 7 million new subscribers are set to join the Atal Pension Yojana.

Till now, about 2.5 million subscribers have opted for the micro pension product, targeted at the unorganised sector.

First Published: May 24, 2016 05:57 IST

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