India won't lose courage. We will fight and win: PM Modi

Published By : Admin | May 14, 2021 | 11:04 IST
For the first time, farmers of West Bengal will benefit from this scheme
Wheat procurement at MSP has set new records this year
Government is fighting COVID-19 with all its might

This exchange with all the farmer colleagues raises a new hope and creates a new confidence. As our Minister, Shri Narendra Singh Tomar ji, was saying now that today is Bhagwan Basaveswara Jayanti and Parshuram Jayanti also. Today is also the auspicious festival of Akshaya Tritiya. I also wish the countrymen Happy Eid.

With the wish that the morale of all the countrymen remains high in times of Corona and their resolve is further strengthened to defeat this pandemic, I would like to take forward the discussion that I had with all the farmer brothers. Present in this programme Minister of Agriculture & Farmers Welfare Shri Narendra Singh Tomar ji, my other colleagues in the Union Cabinet, all chief ministers, hon’ble ministers of state governments, MPs, MLAs and my farmer brothers and sisters from all over the country,

Today, we are holding this discussion in a very challenging time. Even during this period of Corona, the farmers of the country, while discharging their responsibility in the agriculture sector, have produced record food grains and are experimenting new methods in agriculture. Another instalment of PM Kisan Samman Nidhi is going to support your efforts. Today is the auspicious festival of Akshaya Tritiya, the beginning of the new cycle of agriculture, and today about 19,000 crore rupees have been transferred directly to the bank accounts of farmers. It will benefit about 10 crore farmers. The farmers of Bengal are going to get the benefit of this facility for the first time. Today, lakhs of farmers of Bengal have received their first instalment. As the names of farmers from the State are forwarded to the Central Government, the number of beneficiary farmers will increase further.

 

Friends,

The PM Kisan Samman Nidhi is benefiting small and marginal farmers more in particular. This amount is proving to be of great use to these farmer families in these trying circumstances. So far, about 1,35,000 crore rupees have reached about 11 crore farmers of the country under this scheme. That is, more than 1,25,000 crore rupees directly into the accounts of the farmers and without any middleman. Out of this, more than 60,000 crore rupees have been transferred to the farmers’ accounts in the Corona period alone. It is the government's constant endeavour to extend help directly and quickly and with complete transparency to those who need it the most.

Brothers and sisters,

Providing rapid and direct benefits to the farmers in government procurement of produce is also being done on a very comprehensive scale. While farmers have made record productions in agriculture and horticulture amid the challenges of Corona, the Government is also setting new procurement records on MSP every year. Record purchases of paddy earlier and now wheat are happening. So far, about 10 per cent more wheat has been procured at MSP this year as compared to the previous year. So far, about 58,000 crore rupees of wheat procurement has reached the farmers' accounts directly. Above all, the farmers don’t have to worry and wait long for their money for the produce being sold in mandis now. The money which rightfully belongs to the farmers is being directly credited to their bank accounts. I am satisfied that lakhs of farmers of Punjab and Haryana have become part of this direct transfer facility for the first time. So far, about 18,000 crore rupees have been credited to the bank accounts of farmers of Punjab and 9,000 crore rupees directly into the bank accounts of farmers of Haryana. The farmers of Punjab and Haryana are also experiencing and speaking vocally about the satisfaction of getting their entire money directly into their bank accounts. I have seen several videos on social media where farmers, particularly from Punjab, are speaking with enthusiasm regarding the direct transfer of the entire money into their bank accounts.

Friends,

The Government is constantly making efforts to provide new solutions and options in farming. Promoting organic farming is one such effort. Such crops also have low costs, are beneficial for soil and human health and also command better prices. A short while ago, I had a discussion with some farmers across the country engaged in this kind of farming. I am very excited to know about their spirit and experiences. Now organic farming is being encouraged extensively within a radius of about 5 kilometres on both sides of the Ganga so that the chemical used in the field does not flow into the Ganga during rains and the river is not polluted. These organic products being made available in the market are branded Namami Gange. Similarly, the natural farming system is also being encouraged on a large scale. At the same time, the Government is making efforts to provide cheap and easy bank loans to small and marginal farmers. For this, a special drive has been launched for the last one-and-a-half years for providing Kisan Credit Cards. More than 2 crore Kisan Credit Cards have been issued during this period. Farmers have taken loans worth more than 2 lakh crore rupees on these cards. Farmers associated with animal husbandry, dairying and fisheries have also started getting a huge benefit. Recently, the Government has taken another important decision and my farmer brothers and sisters would be happy with the government's decision as it will be very beneficial to them. In view of the Corona period, the Government has decided to extend the deadline for payment or renewal of KCC loans. All farmers can now renew their outstanding loans by June 30. Even during this extended period, the farmers will continue to get the benefit of the loans at 4 per cent interest.

Friends,

The contribution of the villages and farmers has been immense in India's fight against Corona. It is the result of your efforts that India is running the world's largest free ration scheme during the Corona period. Free ration was given to the poor for eight months last year under the Pradhan Mantri Garib Kalyan Yojana. Provisions have been made to ensure free ration to more than 80 crore colleagues in the months of May and June. The government is spending 26,000 crore rupees in this regard. I would urge the state governments to ensure that the poor do not have any problem in getting the free ration.

Friends,

After 100 years, such a deadly epidemic is testing the world at every step. There is an invisible enemy in front of us. And this enemy is imposter also and due to which we have lost many of our close ones. The pain that the countrymen have endured for some time now, the pain that many people have gone through, I feel the same pain. Being your ‘Pradhan Sevak’, I share your sentiment. All the bottlenecks during the second wave of Corona are being addressed. Efforts are being made on a war footing. You must have seen that all the departments of the Government, all the resources, the security forces of our country, our scientists, everyone is united in meeting the challenge of COVID. COVID hospitals are being set up rapidly in different parts of the country and oxygen plants are being set up with new technology. All our three forces -- Air Force, Navy and Army -- are engaged in this work with full force. Oxygen rails have been a big boost in this fight against Corona. These special trains are engaged in delivering oxygen to the remote parts of the country. Truck drivers carrying oxygen tankers are working non-stop. Be it doctors, nursing staff, sanitation workers, lab technicians, ambulance drivers, sample collectors – all are working 24 hours to save every individual. Efforts are on a war footing to augment the supply of essential medicines in the country. The government and the pharma sector of the country have augmented the production of essential medicines manifold in the last few days. Medicines are also being imported. In times of crisis, some people are engaged in hoarding and black marketing of medicines and essential commodities due to their vested interests. I would urge the state governments to take the strongest possible action against such people. This is an act against humanity. India is not a country that loses courage. Neither India nor any Indian will lose courage. We will fight and win.

Through this event, I want all the farmers and brothers and sisters living in villages to remain alert against Corona. This pandemic is spreading fast in rural villages. Every government is taking efforts to meet with this challenge. Awareness about this among rural people and cooperation of the panchayat institutes are equally important. You have never disappointed the nation and this is also expected of you this time. All the necessary steps at personal, family and social levels need to be taken to prevent Corona. It is very necessary to wear masks continuously and in a way so that the nose and face are completely covered. Secondly, do not take symptoms like cough, cold, fever, vomiting, diarrhoea lightly. First you have to isolate yourself and then get the Corona test done quickly. Start the medication as advised by doctors till the report comes.

Friends,

Vaccination is the best defence against Corona. The Central and state governments are doing their best to increase vaccination. About 18 crore vaccine doses have been given in the country. Free vaccination is on in government hospitals across the country. Therefore, get yourself vaccinated when your turn comes. This will give us protection and reduce the risk of serious illness. And yes, wearing of masks and distance of two yards has to be maintained even after vaccination. Once again, I extend my best wishes to all my farmer friends.

Many thanks!

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Text of PM’s address at third edition of Kautilya Economic Conclave in New Delhi
October 04, 2024
Today, India is the fastest growing major economy:PM
Government is following the mantra of Reform, Perform and Transform:PM
Government is committed to carrying out structural reforms to make India developed:PM
Inclusion taking place along with growth in India:PM
India has made ‘process reforms’ a part of the government's continuous activities:PM
Today, India's focus is on critical technologies like AI and semiconductors:PM
Special package for skilling and internship of youth:PM

Finance Minister Nirmala Sitharaman ji, President of the Institute of Economic Growth N K Singh ji, other distinguished guests from India and abroad at the Conclave, ladies and gentlemen! This is the third edition of the Kautilya Conclave. I am delighted to have the opportunity to meet you all. There will be numerous sessions here, discussing various economic issues over the next three days. I am confident that these discussions will help accelerate Bharat’s growth.

Friends,

This Conclave is being held at a time when two major regions of the world are in a state of war. These regions are crucial for the global economy, especially in terms of energy security. Amidst such significant global uncertainty, we are gathered here to discuss ‘The Indian Era.’ This shows that trust in Bharat today is unique... It demonstrates that Bharat’s self-confidence is exceptional.

Friends,

Today, Bharat is the fastest-growing major economy in the world. Bharat is currently the fifth largest economy in terms of GDP. We are number one in terms of global fintech adoption rates. Today, we are number one in smartphone data consumption. We are the second largest internet user base globally. Nearly half of the world’s real-time digital transactions are taking place in Bharat today. Bharat now has the world’s third-largest start-up ecosystem. In terms of renewable energy capacity, Bharat is ranked fourth. When it comes to manufacturing, Bharat is the second-largest mobile phone manufacturer. Bharat is also the largest producer of two-wheelers and tractors. And not just that, Bharat is the world's youngest country. Bharat has the third-largest pool of scientists and technicians globally. Whether it’s science, technology, or innovation, Bharat is clearly in a sweet spot.

Friends,

By following the mantra of ‘Reform, Perform, and Transform,’ we are continuously making decisions to drive the nation forward at a rapid pace. This is the impact that has led the people of Bharat to elect the same government for the third consecutive time after 60 years. When people’s lives change, they gain confidence that the country is moving on the right track. This sentiment is reflected in the mandate of the Indian public. The trust of 140 crore citizens is a great asset for this government.

Our commitment is to continue making structural reforms to make Bharat a developed nation. You can see this commitment in the work we have done in the first three months of our third term. Bold policy changes, a strong commitment to jobs and skills, a focus on sustainable growth and innovation, modern infrastructure, quality of life, and the continuity of rapid growth are reflected in the policies of our first three months. During this period, decisions amounting to over 15 trillion rupees i.e. 15 lakh crore rupees have been made. In these three months alone, work on numerous mega infrastructure projects has begun in Bharat. We have also decided to create 12 industrial nodes across the country. Additionally, we have approved the construction of 3 crore new houses.

Friends,

Another notable factor in Bharat’s growth story is its inclusive spirit. It was once believed that with growth comes inequality. But the opposite is happening in Bharat. Along with growth, inclusion is also taking place in Bharat. As a result, 250 million i.e. 25 crore people have been lifted out of poverty in the last 10 years. Along with Bharat’s rapid progress, we are ensuring that inequality is reduced and that the benefits of development reach everyone.

Friends,

The confidence in Bharat’s growth predictions also shows the direction we are heading in. You can see this in the data from recent weeks and months. Last year, our economy performed better than any prediction. Whether it’s the World Bank, the IMF, or Moody’s, all have upgraded their forecasts for Bharat. All these institutions are saying that despite global uncertainty, Bharat will continue to grow at a 7+ rate. We Indians are confident that we will perform even better than that.

Friends,

There are solid reasons behind this confidence in Bharat. Be it manufacturing or the service sector, the world today sees Bharat as a preferred destination for investment. This is not a coincidence but a result of major reforms over the past 10 years. These reforms have transformed Bharat’s macroeconomic fundamentals. One example is Bharat’s banking reforms which have not only strengthened the financial conditions of banks but also increased their lending capacity. Similarly, the GST has integrated various central and state indirect taxes. The Insolvency and Bankruptcy Code (IBC) has developed a new credit culture of responsibility, recovery, and resolution. Bharat has opened sectors such as mining, defence, and space for private players and our young entrepreneurs. We have liberalized the FDI policy to create more and more opportunities for investors around the world. We are focusing on modern infrastructure to reduce logistics costs and time. Over the past decade, we have significantly scaled up investments in infrastructure.

Friends,

India has integrated process reforms into the government’s ongoing initiatives. We have eliminated over 40,000 compliances and decriminalised the Companies Act. Numerous provisions that previously made business operations difficult have been amended. The National Single Window System has been introduced to simplify the processes of starting, closing, and obtaining clearances for companies. Now, we are encouraging state governments to accelerate process reforms at the state level.

Friends,

To boost manufacturing in Bharat, we have introduced Production Linked Incentives (PLI), the impact of which is now visible across many sectors. Over the past three years, PLI has attracted investments of approximately ₹1.25 trillion (₹1.25 lakh crore). This has resulted in the production and sales amounting to about ₹11 trillion (₹11 lakh crore). Bharat's progress in the space and defence sectors is also remarkable. These sectors have only recently been opened up, yet more than 200 start-ups have already emerged in the space sector. Today, our private defence companies account for 20 percent of the country’s total defence manufacturing.

Friends,

The growth of the electronics sector is even more remarkable. Just 10 years ago, Bharat was a major importer of most mobile phones. Today, over 330 million or more than 33 crore mobile phones are manufactured in Bharat. In fact, no matter which sector you look at, there are exceptional opportunities for investors in Bharat to invest and earn high returns.

Friends,

Bharat is now also focusing on critical technologies such as AI and semiconductors, and we are investing significantly in these areas. Our AI mission will enhance both research and skills development in the AI field. Under the India Semiconductor Mission, investments totalling ₹1.5 trillion (₹1.5 lakh crore) are being made. Soon, five semiconductor plants in Bharat will begin delivering 'Made in India' chips to every corner of the world.

Friends,

You are all aware that Bharat is the leading source of affordable intellectual power. A testament to this is the presence of more than 1,700 global capability centres of companies from around the world operating in India today. These centres employ over two million i.e. 20 lakh Indian youth, who are providing highly skilled services to the world. Today, Bharat is placing an unprecedented focus on maximising this demographic dividend. To achieve this, special attention is being devoted to education, innovation, skills, and research. We have introduced a significant reform in this area with the implementation of the New National Education Policy. In the past 10 years, a new university has been established every week, and two new colleges have been opened each day. During this period, the number of medical colleges in our country has doubled.

And friends,

We are focusing not only on expanding access to education but also on improving its quality. As a result, the number of Indian institutions in the QS World University Rankings has more than tripled over the past decade. In this year's budget, we announced a special package for skilling and interning millions of young people. Under the PM Internship Scheme, 111 companies registered on the portal on the very first day. Through this scheme, we are supporting 1 crore youth with internships at major companies.

Friends,

Bharat's research output and patent filings have also seen rapid growth in the past 10 years. In less than a decade, Bharat has risen from 81st to 39th in the Global Innovation Index rankings, and we aim to advance further. To bolster its research ecosystem, India has also created a research fund worth ₹1 trillion.

Friends,

Today, the world has high expectations from Bharat regarding a green future and green jobs, and there are equally significant opportunities for you in this sector. You all followed the G20 Summit held under Bharat's presidency. One of the many successes of this summit was the renewed enthusiasm for the green transition. During the G20 Summit, the Global Biofuel Alliance was launched at Bharat's initiative, and G20 member countries strongly supported Bharat's development of green hydrogen energy. In Bharat, we have set a target to produce 5 million tonnes of Green Hydrogen by the end of this decade. We are also advancing solar power production at the micro level.

The Government of India has launched the PM Surya Ghar Free Electricity Scheme, a large-scale Rooftop Solar Scheme. We are providing funding to every household for setting up rooftop solar systems and assisting with solar infrastructure installation. So far, more than 13 million i.e. 1 crore 30 lakh families have registered for this scheme, meaning these households have become solar power producers. This initiative will save an average of ₹25,000 per family. For every three kilowatts of solar power generated, 50-60 tonnes of carbon dioxide emissions will be prevented. This scheme will create approximately 1.7 million (17 lakh) jobs, producing a vast workforce of skilled youth. Therefore, numerous new investment opportunities are emerging for you in this sector as well.

Friends,

The Indian economy is currently undergoing a significant transformation. With strong economic fundamentals, India is on a path of sustained high growth. Today, Bharat is not only striving to reach the top but is also making concerted efforts to stay there. The world today offers immense opportunities across every sector. I am confident that your discussions will provide many valuable insights in the days to come.

I am confident that in the coming days, many valuable insights will emerge from your discussions. I extend my best wishes for this endeavour, and I assure you that this is not merely a debating forum for us. The discussions that take place here, the points raised, the do's and don'ts—those that prove beneficial—are diligently integrated into our governmental system. We incorporate them into our policies and governance. The wisdom you contribute during this churning process is what we utilise to shape a brighter future for our country. Your participation is, therefore, of immense importance to us. Every word you offer holds value for us. Your thoughts, your experience—they are our assets. Once again, I thank you all for your contribution. I also congratulate N. K. Singh and his entire team for their commendable efforts.

With warmest regards and best wishes.

Thank you!