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Day 1 of Modi government 2.0 Live Updates: Pension coverage approved for crores of small traders and farmers

Day 1 of Modi government 2.0: First Cabinet meeting of the NDA Government offers pension coverage to crores of farmers and small traders across the country.

Jun 1, 2019 13:48 IST
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Day 1 of Modi government 2.0: The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved that the ambit of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) would be comprehensively extended. With this decision, all land holding eligible farmer families (subject to the prevalent exclusion criteria) would avail of the benefits under this scheme.

It is estimated that 5 crore small and marginal farmers will benefit in the first three years itself.  The Central Government would spend Rs. 10774.50 crore for a period of 3 years towards its contribution (matching share) for providing social security cover as envisaged under the scheme.

Salient features of PM-KISAN scheme:
•    A voluntary and contributory pension scheme for all Small and Marginal Farmers (SMF) across the country.
•    Entry age of 18 to 40 years with a provision of minimum fixed pension of Rs.3,000/- on attaining the age of 60 years.
•    For example, a beneficiary farmer is required to contribute Rs 100/ - per month at median entry age of 29 years.  The Central Government shall also contribute to the Pension Fund an equal amount as contributed by the eligible farmer.
•    After the subscriber’s death, while receiving pension, the spouse of the SMF beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension, provided he/she is not already an SMF beneficiary of the Scheme.  If, the death of the subscriber happens during the period of contribution, the spouse shall have the option of continuing the Scheme by paying regular contribution.

3 Crore retail traders and shopkeepers to get pension coverage
•    Under this scheme all shopkeepers, retail traders and self-employed persons are assured a minimum monthly pension of Rs. 3,000/- month after attaining the age of 60 years.
•    All small shopkeepers and self-employed persons as well as the retail traders with GST turnover below Rs. 1.5 crore and age between 18-40 years, can enrol for this scheme.  The scheme would benefit more than 3 crore small shopkeepers and traders.
•    The scheme is based on self-declaration as no documents are required except Aadhaar and bank account. Interested persons can enrol themselves through more than 3,25,000 Common Service Centres spread across the country.
•    The Government of India will make matching contribution in the subscribers’ account.  For example if a person with age of 29 years contributes Rs. 100/- month, then the Central Government also contributes the equal amount as subsidy into subscriber’s pension account every month.

Day 1 of Modi government 2.0 Highlights @ 9.38am: Entry age of 18 to 40 years with a provision of minimum fixed pension of Rs.3,000/- on attaining the age of 60 years.

Day 1 of Modi government 2.0 Highlights @ 9.35am: Prime Minister Narendra Modi has approved  a new Central Sector Scheme, it is a voluntary and contributory pension scheme for all Small and Marginal Farmers (SMF) across the country.

Day 1 of Modi government 2.0 Highlights @ 9.30am: Landmark decision taken in the first Cabinet meeting of the NDA Government offers pension coverage to crores of farmers.

Day 1 of Modi government 2.0 Live Updates @ 6.17 pm: Amount of scholarship have been increased from Rs. 2,000 per month to Rs. 2,500 per month for boys and from Rs. 2,250 per month to Rs. 3,000 per month for girls.

Day 1 of Modi government 2.0 Live Updates @ 6.06 pm: Under National Defence scheme, Scholorships have been raised for children of police personnel.

Day 1 of Modi government 2.0 Live Updates @ 6.00 pm: Major changes approved in PM’s Scholarship Scheme under the National Defence Fund including enhanced scholarships for wards of police personnel martyred in terror or Maoist attacks.

Day 1 of Modi government 2.0 Live Updates @ 5.50 pm: PM Modi Tweets, "Our Government’s first decision dedicated to those who protect India!"

Day 1 of Modi government 2.0 Live Updates @ 5.45 pm: Nirmala Sitharaman aims to 5 trillion dollar economy by 2022.

Day 1 of Modi government 2.0 Live Updates @ 3.50 pm: The newly fomed Narendra Modi Cabinet will hold its first meeting at 5 PM. Possible date for convening the Parliament session could be decided in the meeting.

Narendra Modi Prime Minister and also in-charge of: Ministry of Personnel, Public Grievances and Pensions; Department of Atomic Energy; Department of Space; and All important policy issues; and All other portfolios not allocated to any Minister

Complete List of Modi government 2.0

1.   Raj Nath Singh    Minister of Defence.
2.   Amit Shah    Minister of Home Affairs.
3.   Nitin Jairam Gadkari    Minister of Road Transport and Highways; and Minister of Micro, Small and Medium Enterprises.
4.   D.V. Sadananda Gowda    Minister of Chemicals and Fertilizers.
5.   Nirmala Sitharaman Minister of Finance; and Minister of Corporate Affairs.
6.   Ramvilas Paswan    Minister of Consumer Affairs, Food and Public Distribution.
7.   Narendra Singh Tomar    Minister of Agriculture and Farmers Welfare; Minister of Rural Development; and Minister of Panchayati Raj.
8.   Ravi Shankar Prasad, Minister of Law and Justice; Minister of Communications; and Minister of Electronics and Information Technology.
9.   Harsimrat Kaur Badal, Minister of Food Processing Industries.
10.  Thaawar Chand Gehlot    Minister of Social Justice and Empowerment.
11.  Dr. Subrahmanyam Jaishankar, Minister of External Affairs.
12.  Ramesh Pokhriyal ‘Nishank’    Minister of Human Resource Development.
13.  Arjun Munda    Minister of Tribal Affairs.
14.  Zubin Irani    Minister of Women and Child Development; and Minister of Textiles.
15.  Dr. Harsh Vardhan    Minister of Health and Family Welfare; Minister of Science and Technology; and Minister of Earth Sciences.
16.  Prakash Javadekar    Minister of Environment, Forest and Climate Change; and Minister of Information and Broadcasting.
17.  Piyush Goyal    Minister of Railways; and Minister of Commerce and Industry.
18.  Dharmendra Pradhan    Minister of Petroleum and Natural Gas; and Minister of Steel.
19.  Mukhtar Abbas Naqvi    Minister of Minority Affairs.
20.  Pralhad Joshi    Minister of Parliamentary Affairs; Minister of Coal; and Minister of Mines.
21.  Mahendra Nath Pandey    Minister of Skill Development and Entrepreneurship.
22.  Arvind Ganpat Sawant    Minister of Heavy Industries and Public Enterprise.
23.  Giriraj Singh    Minister of Animal Husbandry, Dairying and Fisheries.
24.  Gajendra Singh Shekhawat    Minister of Jal Shakti.
Ministers of State (Independent Charge)
1.    Santosh Kumar Gangwar    Minister of State (Independent Charge) of the Ministry of Labour and Employment.
2.    Rao Inderjit Singh Minister of State (Independent Charge) of the Ministry of Statistics and Programme Implementation; and Minister of State (Independent Charge) of the Ministry of Planning.
3.    Shripad Yesso Naik  Minister of State (Independent Charge) of the Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); and
Minister of State in the Ministry of Defence.
4.    Dr. Jitendra Singh    Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region; Minister of State in the Prime Minister’s Office; Minister of State in the Ministry of Personnel, Public Grievances and Pensions; Minister of State in the Department of Atomic Energy; and  Minister of State in the Department of Space.
5.   Kiren Rijiju    Minister of State (Independent Charge) of the Ministry of Youth Affairs and Sports; and Minister of State in the Ministry of Minority Affairs.
6.   Prahalad Singh Patel    Minister of State (Independent Charge) of the Ministry of Culture; and Minister of State (Independent Charge) of the Ministry of Tourism.
7.   Raj Kumar Singh    Minister of State (Independent Charge) of the Ministry of Power;Minister of State (Independent Charge) of the Ministry of New and Renewable Energy; and Minister of State in the Ministry of Skill Development and Entrepreneurship.
8.   Hardeep Singh Puri  Minister of State (Independent Charge) of the Ministry of Housing and Urban Affairs; Minister of State (Independent Charge) of the Ministry of Civil Aviation; and Minister of State in the Ministry of Commerce and Industry.
9.    Mansukh L. Mandaviya  Minister of State (Independent Charge) of the Ministry of Shipping; and Minister of State in the Ministry of Chemicals and Fertilizers.
Ministers of State
1.    Faggansingh Kulaste    Minister of State in the Ministry of Steel.
2.    Ashwini Kumar Choubey    Minister of State in the Ministry of Health and Family Welfare.
3.    Arjun Ram Meghwal    Minister of State in the Ministry of Parliamentary Affairs; and Minister of State in the Ministry of Heavy Industries and Public Enterprises.
4.    General (Retd.) V. K. Singh    Minister of State in the Ministry of Road Transport and Highways.
5.    Krishan Pal    Minister of State in the Ministry of Social Justice and Empowerment.
6.    Danve Raosaheb Dadarao    Minister of State in the Ministry of Consumer Affairs, Food and Public Distribution.
7.    G. Kishan Reddy    Minister of State in the Ministry of Home Affairs.
8.    Parshottam Rupala    Minister of State in the Ministry of Agriculture and Farmers Welfare.
9.    Ramdas Athawale    Minister of State in the Ministry of Social Justice and Empowerment.
10.   Sadhvi Niranjan Jyoti    Minister of State in the Ministry of Rural Development.
11.   Babul Supriyo    Minister of State in the Ministry of Environment, Forest and Climate Change.
12.   Sanjeev Kumar Balyan    Minister of State in the Ministry of Animal Husbandry, Dairying and Fisheries.
13.   Dhotre Sanjay Shamrao    Minister of State in the Ministry of Human Resource Development; Minister of State in the Ministry of Communications; and Minister of State in the Ministry of Electronics and Information Technology.
14.   Anurag Singh Thakur    Minister of State in the Ministry of Finance; and Minister of State in the Ministry of Corporate Affairs.
15.   Angadi Suresh Channabasappa    Minister of State in the Ministry of Railways.
16.   Nityanand Rai    Minister of State in the Ministry of Home Affairs.
17.    Rattan Lal Kataria    Minister of State in the Ministry of Jal Shakti; and Minister of State in the Ministry of Social Justice and Empowerment.
18.    V. Muraleedharan    Minister of State in the Ministry of External Affairs; and Minister of State in the Ministry of Parliamentary Affairs.
19.    Renuka Singh Saruta    Minister of State in the Ministry of Tribal Affairs.
20.    Som Parkash    Minister of State in the Ministry of Commerce and Industry.
21.    Rameswar Teli    Minister of State in the Ministry of Food Processing Industries.
22.    Pratap Chandra Sarangi    Minister of State in the Ministry of Micro, Small and Medium Enterprises; and Minister of State in the Ministry of Animal Husbandry, Dairying and Fisheries.
23.    Kailash Choudhary    Minister of State in the Ministry of Agriculture and Farmers Welfare.
24.    Debasree Chaudhuri    Minister of State in the Ministry of Women and Child Development.

Day 1 of Modi government 2.0 Highlights @ 1.04 pm: Piyush Goyal gets Railways and Ministry of Commerce and Industry.

Day 1 of Modi government 2.0 Highlights @ 1.02 pm: Rajnath Singh gets Defence Ministry, Nitin Gadkari retains Road and Highways ministry, Ravi Shankar Prasad gets Law, communication and IT Ministry.

Day 1 of Modi government 2.0 Highlights @ 12.54 pm: Amit Shah gets Home Ministry while S. Jaishankar has become new Foreign Minister.

Day 1 of Modi government 2.0 Highlights @ 12.40 pm: PM Modi met Sri Lanka’s President Maithripala Sirisena at Hyderabad House, New Delhi. Both the leaders will have bilateral talks also.

Day 1 of Modi government 2.0 Highlights @ 12.30 pm: PM Modi met Prime Minister of Nepal KP Sharma Oli at Hyderabad House, New Delhi. Nepalese Prime Minister participated in PM Modi’s oath taking ceremony.

Day 1 of Modi government 2.0 Highlights @ 10.35 am Modi’s first engagement was with Bangladesh President Mohammed Abdul Hamid at 10.30 am in Hyderabad House, New Delhi.

 

Also Read: Narendra Modi Cabinet 2019: Who gets what porfolio, Full list here

Also Read: Modi Cabinet 2.0: Six Women Ministers include Smriti Irani, Harsimrat Kaur Badal, Nirmala Sitharaman

Also Read: Narendra Modi Cabinet 2.0: Total 57 Ministers took oath including 6 women

Also Read: Day 1 of Modi government 2.0 Live Updates: Amit Shah gets Home Ministry, S. Jaishankar Foreign Ministry, Nirmala Sitharaman Finance Ministry

3 Crore retail traders and shopkeepers to get pension coverage

·         Under this scheme all shopkeepers, retail traders and self-employed persons are assured a minimum monthly pension of Rs. 3,000/- month after attaining the age of 60 years.

·         All small shopkeepers and self-employed persons as well as the retail traders with GST turnover below Rs. 1.5 crore and age between 18-40 years, can enrol for this scheme.  The scheme would benefit more than 3 crore small shopkeepers and traders.

·         The scheme is based on self-declaration as no documents are required except Aadhaar and bank account. Interested persons can enrol themselves through more than 3,25,000 Common Service Centres spread across the country.

·         The Government of India will make matching contribution in the subscribers’ account.  For example if a person with age of 29 years contributes Rs. 100/- month, then the Central Government also contributes the equal amount as subsidy into subscriber’s pension account every month.

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