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Inclusive Growth and Issues Arising From It Lesson-4 Presented By: Roman Saini
In This Lesson Inclusive Growth Elements Of Inclusive Growth Policy Initiatives
Inclusive Growth There are several elements of Inclusive Growth broadly categorized into: Poverty Reduction . Employment Generation Agricultural Development Industrial Development Financial Inclusion .Social Sector Development Environmental Sustainability Regional Balance Gender Equality Group Equality
Inclusive Growth Government has taken various initiatives across important sectors to achieve inclusive growth such as Inclusiveness as Poverty Reduction Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM): The Mission aims at creating efficient and effective institutional platforms of the rural poor, enabling them to increase household income through sustainable livelihood enhancements and improved access to financial services In addition, the poor would be facilitated to achieve increased access to rights, entitlements and public services, diversified risk and better social indicators of empowerment .
Inclusive Growth Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM): Aims to To reduce poverty and vulnerability of the urban poor households by opportunities, resulting in an appreciable improvement in their livelihoods. . The mission would aim at providing shelters equipped with essential services to enabling them to access gainful self employment and skilled wage employment the urban homeless in a phased manner. Address livelihood concerns of the urban street vendors by facilitating access to suitable spaces, institutional credit, social security and skills to the urban street vendors for accessing emerging market opportunities.
Inclusive Growth Other schemes which are aimed at reducing poverty are Mid-Day Meal Programme (MDM), National Social Assistance Programme (NSAP), Integrated Child Development Services (ICDS), Sarva Shiksha Abhiyan (SSA), National Health Mission (NHM), Pradhan Mantri Gram Sadak Yojana (PMGSY), Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Indira Awas Yojana (IAY), National Rural Drinking Water Programme, Swachh Bharat Abhiyan (SBA)
Inclusive Growth Inclusiveness Through Employment Generation Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA): It provided for a legally backed employment provision, guaranteeing 100 days of wage employment on demand at statutory minimum wages, to people in all the rural areas of the country. . It also aimed at creating durable assets and strengthening of a rural livelihood resource base of the rural poor. This scheme aided rural population to secure their rights to employment and it provided a great opportunity for the social and economic empowerment of weaker sections like dalits and women. It also significantly improved the wage income levels of rural households and also reduced considerably the distress migration.
Inclusive Growth Prime Minister's Employment Generation Programme (PMEGP) Generating self-employment opportunities in both rural and urban areas. Entrepreneurship development was an important aspect of this self-employment scheme Deen Dayal Upadhyay Gramin Kaushal Yojana Deen Dayal Upadhyay Gramin Kaushal Yojana launched to cater to rural youth employment opportunities With rural population still forming close to 70 per cent of India's population, enhancing the employability of rural youth is the key to unlocking India's demographic dividend SETU (Self Employment and Talent Utilisation) .SETU is a Techno-Financial, Incubation and Facilitation Programme to support all aspects of start-up businesses, and other self-employment activities, particularly in technology-driven areas, with an initial funding of Rs 1,000 crore initially in NITI Aayog for this purpose.
Inclusive Growth Skill Development Atal Innovation Mission will be an Innovation Promotion Platform involving academics, entrepreneurs, and researchers and draw upon national and international experiences to foster a culture of innovation, R&D and scientific research in India. The platform will also promote a network of world-class innovation hubs and Grand Challenges for India. Initially, a sum of Rs 150 crore will be earmarked for this purpose. . Other flagship initiatives with an aim of job creation are Make in India, Skill India, Stand up India, MUDRA Bank etc.
Inclusive Growth Financial Inclusion Financial inclusion schemes aims to include everybody in the society by giving them basic financial services without looking at a person's income or savings. .They also eliminate document barriers and provide financial services to the less fortunate sections of the society. Financial inclusion intends to improve financial literacy and financial awareness in the nation and aims to establish proper financial institutions to cater to the needs of the poor people It also intends to bring in mobile banking or financial services in order to reach the poorest people living in extremely remote areas of the country. .
Inclusive Growth Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Aims to enhance the level of insurance penetration in the country and to provide insurance cover to common people especially poor and the Underprivileged Sections of the society Atal Pension Yojana (APY) Aims to address the longevity risks among the workers in unorganized sector and to encourage the workers in unorganized sector to voluntarily save for their retirement. Pradhan Mantri Mudra Yojana The basic objective of the scheme is to promote & ensure bank finance to unfunded segment of the Indian economy. . To provide microfinance to entrepreneurs in rural hinterland of India