PM Modi addresses Jan Jatiya Mahasabha in Jhabua, Madhya Pradesh

Published By : Admin | February 11, 2024 | 13:12 IST
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Prime Minister Narendra Modi addressed Jan Jatiya Mahasabha in Jhabua, Madhya Pradesh, where he expressed his gratitude and offered his respects to the people of the region. The event witnessed an overwhelming turnout, indicative of the strong support and enthusiasm of the people towards the government's initiatives and vision for the state, PM Modi expressed happiness.

PM Modi commenced his address by paying homage to Lord Deva Zhiri Mahadev and acknowledging the sacred soil of Jhabua. He extended his respects to the indigenous communities, mothers, and sisters of the region, expressing heartfelt joy in meeting them, akin to meeting his relatives. Reflecting on the deep-rooted connection between Jhabua and Gujarat, PM Modi emphasized the geographical and emotional ties shared by the people of both regions.

Amidst the preparations for Bhagoria, PM Modi conveyed his best wishes to the community for the upcoming festivities. He announced the release of the development fund for the Adarsh Gram Yojana and the initiation of major railway projects in Madhya Pradesh, underscoring the government's commitment to enhancing connectivity and fostering progress in the region.

PM Modi clarified that his visit was not for the promotion of Lok Sabha elections but to express gratitude to the people of Madhya Pradesh. He lauded the support received in the assembly elections and highlighted the increasing public endorsement of the BJP government's governance model.

Drawing a contrast between the governance eras in Madhya Pradesh, PM Modi praised the transformative efforts of the double-engine government in propelling the state towards development. He criticized the Congress party's neglect of tribal welfare and highlighted the BJP government's initiatives aimed at empowering tribal communities.

He said, “Young people may not even remember, but today Madhya Pradesh, which was once counted among the sickest states in the country before the BJP government, is rapidly progressing on the path of development. The biggest reason behind making Madhya Pradesh sick was the Congress' hate-filled attitude towards villages, the poor, and tribal areas. They never cared about the development of tribal society or thought about their dignity. For them, the tribal people only meant some votes. They remembered villages, the poor, and the backward only when elections approached.”

PM Modi emphasized the government's focus on education, healthcare, and infrastructure development in Madhya Pradesh. He underscored the significance of the ownership scheme in providing land documents to the people and highlighted the PM JANMAN Yojana's impact on the rapid development of tribal communities.

“For us, the tribal society is not just a vote bank, but it is the pride of the nation. Your respect and your development, both are guaranteed by Modi. Modi does not approve if even a single tribal child falls behind due to lack of education. Our tribal society has been sustaining itself on forest resources for thousands of years. During the Congress era, legal barriers were imposed on the rights of tribals. By amending the forest laws, our government has returned forest rights to the tribal society” said Prime Minister Narendra Modi.

Addressing the Congress party's divisive tactics, PM Modi warned against their attempts to incite unrest and divide communities for political gain. He condemned Congress' attitude towards tribal society and criticized their opportunistic approach during elections.

“Congress has been in power for so many years. However, they did not worry about the untimely deaths of tribal youths and children. They knew that innocent tribal people would not hold their government responsible for diseases. This wasn't just an election issue,” said PM Modi.

Highlighting the government’s initiative towards tribal communities and their upliftment, PM Modi said, “Those who are the most deprived, the most backward, are the top priority in our government. The tribal society, which was cut off from the mainstream of development till now, has now started rapid development under the PM JANMAN Yojana. Its benefits will be for tribal communities like Baera, Bharia, and Sahariya in this region.”

Speaking of the infrastructural developmental journey in Madhya Pradesh, the Prime Minister said that the government is focusing equally on modern infrastructure in MP. In the ten years of the Congress government, MP received as much money for railway development as we are sending 24 times more to MP today.

PM Modi lashed out at Congress’ and its allies' intentions when it comes to public welfare. He said, “Those who neglect the public face this fate. Congress is now trapped in its own sins. It will struggle as much to get out of it as it struggles more. Congress and its friends have only two strengths. When they are in power, they loot. When they are out of power, they incite people. In other words, loot and unrest are the oxygen of Congress. When these are stopped, the political strength of the Congress party starts to wane. In most states, the public has shut down their loot by rejecting them from power. Now, they are trying to divide people based on caste, language, and region to regain power. But the country is watching their actions. The country will not let their schemes succeed.”

Underscoring the government’s initiatives towards empowering women and self-help groups, PM Modi said, “The Namodrone Didi campaign by the central government is also going to provide modern drones to 15 thousand self-help groups across the country. Soon, Namodrone Didis will also be seen leading the agricultural revolution in Jhabua.”

PM Modi concluded his address by expressing confidence in the continued progress of Madhya Pradesh with the support of its people. He thanked the audience for their overwhelming presence and reiterated his commitment to the state's development and prosperity.

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Cabinet approves Startup India Fund of Funds 2.0 to Mobilize Venture Capital for India’s Startup Ecosystem
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Rs. 10,000 crore corpus to support deep tech, tech-driven innovative manufacturing startups, and early-growth stage startups

In a major boost to India’s growing startup ecosystem, the Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has approved the establishment of the Startup India Fund of Funds 2.0 (Startup India FoF 2.0) with a total corpus of Rs. 10,000 crore for the purpose of mobilizing venture capital for the startup ecosystem of the country.

The Scheme is designed to accelerate the next phase of India’s startup journey by mobilising long-term domestic capital, strengthening the venture capital ecosystem, and supporting innovation-led entrepreneurship across the country.

Launched under the Startup India initiative, Startup India FoF 2.0 builds on nearly a decade of sustained efforts to make India one of the world’s leading startup nations. Since the launch of Startup India in 2016, India’s startup ecosystem has witnessed an extraordinary transformation growing from fewer than 500 startups to over 2 lakh Department for Promotion of Industry and Internal Trade (DPIIT)-recognised startups today, with 2025 marking the highest ever annual startup registrations.

Building on Fund of Funds for Startups 1.0

The Startup India FoF 2.0 follows the strong performance of the Fund of Funds for Startups (FFS 1.0), which was launched in 2016 to address funding gaps and catalyse the domestic venture capital market for startups.

Under FFS 1.0, the entire corpus of Rs. 10,000 crore has been committed to 145 Alternative Investment Funds (AIFs). Such supported AIFs have invested over Rs. 25,500 crore in more than 1,370 startups across the country in sectors such as agriculture, artificial intelligence, robotics, automotive, clean tech, consumer goods & services, e-commerce, education, fintech, food & beverages, healthcare, manufacturing, space tech, and biotechnology amongst others.

FFS 1.0 played a pivotal role in nurturing first-time founders, crowding in private capital, and helping build a strong foundation for India’s venture capital ecosystem.

Key Features of the Scheme:

While the first phase built the ecosystem, Startup India FoF 2.0 is designed to take Indian innovation to the next level. The new fund will have a targeted, segmented funding approach to support:

  1. Deep tech and tech-driven innovative manufacturing: Prioritizing breakthroughs in high-tech areas that require patient, long-term capital.
  2. Empowering early-growth stage founders: Providing a safety net for new and innovative ideas, reducing early-stage failures caused by lack of funding.
  3. National reach: Encouraging investment beyond major metros so that, the innovation thrives in every corner of the country.
  4. Designed to address high‑risk capital gaps: Directing greater capital to priority areas which are important for self-reliance and boosting economic growth.
  5. Strengthen India’s domestic venture capital base, particularly smaller funds to further boost the domestic investment landscape.

Startup India FoF 2.0 is expected to play a pivotal role in shaping India’s economic trajectory, leading to transformational impact.

Startup India Fund of Funds 2.0 is expected to play a critical role in advancing India’s innovation-led growth agenda. By supporting startups that build globally competitive technologies, products, and solutions, the Fund will contribute to strengthening India’s economic resilience, boosting manufacturing capabilities, generating high-quality jobs, and positioning India as a global innovation hub.

Aligned with the national vision of Viksit Bharat @ 2047, the Fund represents the Government’s continued commitment to empowering entrepreneurs, fostering innovation, and unlocking the full potential of India’s startup ecosystem.