Ever since coming to power in 2014, Prime Minister Narendra Modi has spearheaded initiatives aimed at enhancing the living standards of the citizens of India. Such visionary schemes have dramatically transformed life standards, including free medical facilities, reduced house prices, and subsidies on necessities. Their impact goes beyond the urban boundaries and reaches even the remotest villages, further cementing PM Modi’s image as a leader for the underprivileged. Let’s take a closer look at five of these widely acclaimed schemes that continue to empower millions across India in 2024.

1. Pradhan Mantri Awas Yojana (PMAY): A Roof Over Every Head

Launched in 2015, the PM Awas Yojana, or PMAY, is a gamechanger in addressing the critical need for affordable housing for India’s low-income population. This impactful scheme works through a credit-linked subsidy model, which enables the beneficiaries to get loans at significantly reduced interest rates. As of 2024, more than 4 crore houses have been sanctioned under PMAY, and this creates a tangible difference in the lives of countless families. This program meets different categories under the below-poverty level category by guaranteeing an option for secure and respectable lifestyles.   2. PM Ujjwala Yojana: Enabling Women, Enabling Societies

PM Ujjwala Yojana was launched in the year 2016

Before this scheme, the number of people dependent upon unhygienic, hazardous cooking fuels ran in millions, thus constituting a grave health risk-a threat more particularly for the women. PM Ujjwala Yojana addresses this issue effectively as to date, more than 10 crore free LPG connections are distributed. This has unquestionably improved the health and well-being of hundreds and thousands of families, giving women a lot of leeway by reducing drudgery, providing clean cooking environment, and using valuable time for other leisure activities. 3. Atal Pension Yojana: Securing a Worry-Free Future   Atal Pension Yojana, which was launched in 2015, caters to the long-term security of the low-income group.

This brilliant plan enables an individual between 18 and 40 years of age to invest a small amount regularly, with a fixed pension at retirement age. APY contributors can also opt for their desired pension amount, and the contributions are automatically adjusted. As of 2024, more and more people are actively engaging with APY, taking control of their future financial well-being and ensuring a dignified retirement.

4. PM Suraksha Bima Yojana

Insurance for All at Affordable Prices Recognizing the importance of life insurance, PM Modi introduced the PM Suraksha Bima Yojana (PMSBY) in 2015. This highly affordable scheme offers life insurance coverage of ₹2 lakh for an annual premium as low as ₹20.   PMSBY caters to individuals between the ages of 18 and 70, providing financial security for their families in the event of an unfortunate event.

With millions registered under it as of 2024, PMSBY has facilitated countless families in saving and mitigating financial hardship when the going gets tough. 5. PM Jan Dhan Yojana: A Financial Inclusion at its Best Launched in 2014, the PM Jan Dhan Yojana (PMJDY) was another significant step taken towards attaining financial inclusion across India. This scheme enables even the poorest of people to open zero-balance bank accounts, thus enabling them to become a part of the formal financial system.   PMJDY accounts provide many benefits, such as government benefits, overdraft facilities, debit cards, and most importantly, a safe place to save money.

As of 2024, PMJDY boasts millions of account holders, enabling them to manage their finances efficiently, build a credit history, and access crucial financial services.

Conclusion: A Legacy of Empowerment These are only a few of the many revolutionary programs initiated during the leadership of Prime Minister Modi. Today, these programs are influencing the lives of millions and creating a sense of empowerment in economic terms, an improvement in living standards, and a feeling of security among the deprived lot. In 2024 and thereafter, these will be there as testaments to the commitment of this government to building a better India, inclusive and prosperous for all.

Read More :- 

SBI Life Smart Platina Supreme A Comprehensive Guide

How to Claim 100% of Your PF Money A Comprehensive Guide

Fixed Deposits: A Safe Haven for Senior Citizens in 2024

Unveiling the Risks: A Deep Dive into Mutual Fund Investments