Start up India, Stand up India

Prime minister Narendra Modi put his emphasis squarely on entrepreneurship and job creation, announcing incentives for companies that generate employment besides launching a new campaign `Start up India, Stand up India' to promote bank financing for startups by the underprivileged.
In his second Independence Day speech as the PM, Modi also announced that the Union agriculture ministry will be renamed as the `Ministry for Agriculture and Farmers' Welfare' with a view to take care of farming community needs. He said the government was for the One Rank One Pension (OROP) scheme, but did not commit a specific timeline for its implementation, drawing sharp reactions from ex-servicemen.
Vowing to make India corruption-free, Modi said Rs.6,500 crore of undeclared foreign assets have been brought to book since the framing of a tough black money law and the drive will continue despite the `side effects'. Another Rs.4,500 crore has come through action under Prevention of Money Laundering Act (PMLA) during the last 10 months, he said, outlining the series of steps taken to tackle the menace of black money.
From the Red Fort, he said each of the 1.25 lakh bank branches should encourage at least one Dalit or Adivasi entrepreneur and at least one woman entrepreneur. As part of the Skill India and Digital India initiative, the PM said incentives will be given to manufacturing units for generating jobs. Modi also questioned the practice of “interviews“ for recruitments even at junior levels and asked departments concerned to end this practice and promote merit by recruiting only through transparent, online processes. The PM reiterated his government's resolve to make India a developed nation by 2022, with a house and access to basic services like electricity to all. Modi also spoke of the welfare schemes launched by his government, including Atal Pension Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, and the schemes for labour welfare. He said 10 crore people have enrolled for social security schemes in 100 days and some 17 crore bank accounts were opened under the Jan-Dhan Yojana. Although these were to be zero-balance accounts, people deposited a whopping Rs.20,000 crore in them, reflecting the “richness of India's poor“, he added.