Latest news with #VishwakarmaYojana
Time of India
a day ago
- Business
- Time of India
Over 34 crore people given employment since 2014: Manjhi
Patna: Hindustani Awam Morcha (HAM) patron and Union minister for micro, small and medium enterprises (MSME), Jitan Ram Manjhi, on Monday told the Rajya Sabha that those who criticise PM Narendra Modi should know that only his ministry has given employment to around 34 crore people in the country in the last 11 years. "Some people say PM Modi only talks. But I must tell them that 28 crore people got employment and 6 crore have been registered for micro and medium enterprises through the Udyam and Udyam Assist portals since 2014," Manjhi informed the Rajya Sabha while responding to supplementary questions on the opening day of the monsoon session. The MP from Gaya said there is no dearth of money in his ministry and even small entrepreneurs like cobblers and people running salons were getting financial assistance under various schemes like the PM Vishwakarma Yojana. Manjhi also spoke about the digital upgrade and adopting artificial intelligence in the MSMEs in the states like Haryana to increase productivity and promote competitiveness.
India Gazette
05-07-2025
- Business
- India Gazette
India ranks among top world's most equal societies: World Bank report
New Delhi [India], July 5 (ANI): India has emerged as one of the most equal societies globally, with a Gini Index of 25.5, according to the latest data from the World Bank. Ranking fourth worldwide in income equality, India now stands just behind the Slovak Republic, Slovenia, and Belarus. 'It reflects how India's economic progress is being shared more evenly across its population. Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering welfare support directly to those who need it most,' a release from the Social Welfare said. The Gini Index, a key measure of income distribution where 0 represents perfect equality and 100 denotes maximum inequality, places India ahead of advanced economies, including China (35.7), the United States (41.8), and all G7 and G20 countries. India's score has improved from 28.8 in 2011, reflecting steady progress in equitable growth. The country's strong performance in reducing poverty has played a central role in achieving greater equality. The World Bank's Spring 2025 Poverty and Equity Brief reports that 171 million Indians were lifted out of extreme poverty between 2011 and 2023. The poverty rate fell sharply from 16.2 per cent to just 2.3 per cent during this period, based on the USD 2.15 per day global poverty threshold. The release also highlights upon, government initiatives have underpinned this transformation. Flagship programs like PM Jan Dhan Yojana have expanded financial inclusion, with over 55 crore bank accounts. Aadhaar, India's digital ID system, now covers more than 142 crore individuals, streamlining welfare delivery through Direct Benefit Transfers, which saved Rs 3.48 lakh crore by March 2023. Healthcare equity has also improved through Ayushman Bharat, which provides Rs 5 lakh health coverage to families and has issued over 41 crore cards. The Stand-Up India scheme supports SC/ST and women entrepreneurs, while the PM Vishwakarma Yojana backs artisans with loans and training. PMGKAY, India's food security scheme, has benefited over 80 crore citizens, it added. (ANI)
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First Post
05-07-2025
- Business
- First Post
India ranks 4th in income equality, ahead of G7 and G20 nations; Jan Dhan & DBT reforms credited
According to the latest data from the World Bank, India has emerged as one of the most equal societies globally, with a Gini Index of 25.5. read more India has emerged as one of the most income-equal societies globally, securing the fourth spot in the latest World Bank rankings with a Gini Index of 25.5. The country now trails only the Slovak Republic, Slovenia and Belarus in terms of income equality. The Gini Index is a widely used measure of income distribution, where a score of 0 indicates perfect equality and 100 reflects maximum inequality. India's current score marks a significant improvement from 28.8 in 2011, highlighting steady progress towards equitable growth. STORY CONTINUES BELOW THIS AD 'This reflects how India's economic progress is being shared more evenly across its population,' said a statement from the Ministry of Social Welfare. 'Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering welfare support directly to those who need it most.' India's Gini score now places it ahead of many advanced and emerging economies, including China (35.7), the United States (41.8), and all G7 and G20 nations, according to the World Bank data. The country's strong performance in reducing poverty has played a central role in achieving greater equality. The World Bank's Spring 2025 Poverty and Equity Brief reports that 171 million Indians were lifted out of extreme poverty between 2011 and 2023. The poverty rate fell sharply from 16.2 per cent to just 2.3 per cent during this period, based on the USD 2.15 per day global poverty threshold. The release also highlights upon, government initiatives have underpinned this transformation. Flagship programs like PM Jan Dhan Yojana have expanded financial inclusion, with over 55 crore bank accounts. Aadhaar, India's digital ID system, now covers more than 142 crore individuals, streamlining welfare delivery through Direct Benefit Transfers, which saved Rs 3.48 lakh crore by March 2023. Healthcare equity has also improved through Ayushman Bharat, which provides Rs 5 lakh health coverage to families and has issued over 41 crore cards. The Stand-Up India scheme supports SC/ST and women entrepreneurs, while the PM Vishwakarma Yojana backs artisans with loans and training. PMGKAY, India's food security scheme has benefited over 80 crore citizens, it added. STORY CONTINUES BELOW THIS AD With inputs from agencies
Time of India
05-07-2025
- Business
- Time of India
World Bank: India ranks 4th in income equality, ahead of US and China; 171 million lifted out of extreme poverty
India has become one of the most equal societies in the world, ranking fourth globally in income equality with a Gini Index of 25.5, according to the latest World Bank data. India stands next only to the Slovak Republic, Slovenia, and Belarus which have better income equality scores. The Gini Index measures income distribution on a scale from 0 (perfect equality) to 100 (maximum inequality). India's score is better than that of major economies like China (35.7), the United States (41.8), and all G7 and G20 countries. A release from the Social Welfare department said, "It reflects how India's economic progress is being shared more evenly across its population. Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering welfare support directly to those who need it most." India's Gini Index has improved from 28.8 in 2011, showing steady progress in equitable growth. A key reason behind this has been the country's strong push in reducing poverty. The World Bank's Spring 2025 Poverty and Equity Brief noted that between 2011 and 2023, about 171 million Indians moved out of extreme poverty. During the same period, India's poverty rate dropped sharply from 16.2 per cent to just 2.3 per cent, based on the global poverty line of $2.15 per day. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo The report also pointed to various government initiatives that have helped drive this transformation. The PM Jan Dhan Yojana has widened financial inclusion with over 55 crore bank accounts. Aadhaar, the national digital ID system, now covers more than 142 crore people, making welfare delivery through Direct Benefit Transfers more efficient and saving Rs 3.48 lakh crore by March 2023. Healthcare access has improved with Ayushman Bharat, which offers Rs 5 lakh health cover and has issued over 41 crore cards. Schemes like Stand-Up India support SC/ST and women entrepreneurs, while the PM Vishwakarma Yojana helps artisans with loans and training. The PMGKAY food security programme has supported more than 80 crore people, the release added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
05-07-2025
- Business
- Mint
India ranks among top world's most equal societies, says World Bank report: What does it mean?
New Delhi [India], July 5 (ANI): India has emerged as one of the most equal societies globally, with a Gini Index of 25.5, according to the latest data from the World Bank. Ranking fourth worldwide in income equality, India now stands just behind the Slovak Republic, Slovenia, and Belarus. "It reflects how India's economic progress is being shared more evenly across its population. Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering welfare support directly to those who need it most," a release from the Social Welfare said. The Gini Index, a key measure of income distribution where 0 represents perfect equality and 100 denotes maximum inequality, places India ahead of advanced economies, including China (35.7), the United States (41.8), and all G7 and G20 countries. India's score has improved from 28.8 in 2011, reflecting steady progress in equitable growth. The country's strong performance in reducing poverty has played a central role in achieving greater equality. The World Bank's Spring 2025 Poverty and Equity Brief reports that 171 million Indians were lifted out of extreme poverty between 2011 and 2023. The poverty rate fell sharply from 16.2 per cent to just 2.3 per cent during this period, based on the USD 2.15 per day global poverty threshold. The release also highlights upon, government initiatives have underpinned this transformation. Flagship programs like PM Jan Dhan Yojana have expanded financial inclusion, with over 55 crore bank accounts. Aadhaar, India's digital ID system, now covers more than 142 crore individuals, streamlining welfare delivery through Direct Benefit Transfers, which saved ₹ 3.48 lakh crore by March 2023. Healthcare equity has also improved through Ayushman Bharat, which provides ₹ 5 lakh health coverage to families and has issued over 41 crore cards. The Stand-Up India scheme supports SC/ST and women entrepreneurs, while the PM Vishwakarma Yojana backs artisans with loans and training. PMGKAY, India's food security scheme, has benefited over 80 crore citizens, it added. (ANI)
