PM Modi Launches Multiple Development Projects in Thiruvananthapuram

Prime Minister Narendra Modi launched several development projects and flagged off new train services in Thiruvananthapuram, Kerala. The initiatives focus on urban development, public transport, healthcare, scientific research, and financial inclusion, aligning with the broader vision of Viksit Bharat (Developed India).

What projects were launched?

The Prime Minister launched and inaugurated multiple projects across different sectors:

1. PM SVANidhi initiatives

• Launched the PM SVANidhi Credit Card
• Disbursed PM SVANidhi loans to one lakh beneficiaries
• The scheme supports street vendors and roadside sellers by providing easy access to institutional credit

2. Rail infrastructure

• Flagged off four new train services, including:
  • Three Amrit Bharat Express trains
  • One passenger train
• Amrit Bharat Express trains are designed to provide affordable, improved, and modern travel facilities for common passengers

3. Science and technology

• Laid the foundation stone for a CSIR–NIIST Innovation, Technology and Entrepreneurship Hub
• The hub aims to promote research, innovation, start-ups, and technology-based entrepreneurship

4. Healthcare

• Laid the foundation stone for a state-of-the-art Radiosurgery Centre at the
  Sree Chitra Tirunal Institute for Medical Sciences and Technology
• The centre will strengthen advanced medical treatment and healthcare infrastructure in the region

5. Postal services

• Inaugurated the new Poojappura Head Post Office
• This will enhance postal and financial services for residents

What did the Prime Minister say?

• PM Modi stated that the entire nation is working together towards ‘Viksit Bharat’
• He highlighted that cities play a crucial role in achieving this goal
• He pointed out that the central government has heavily invested in urban infrastructure over the last 11 years

What was said about income tax and banking reforms?

• The Prime Minister noted that middle-class families in Kerala have benefited from income tax exemptions
• He highlighted the government’s push for banking services at the grassroots level
• Increased financial inclusion has made it easier for ordinary citizens to access bank loans

Why is PM SVANidhi important?

• The PM SVANidhi scheme was introduced to support street vendors affected by economic disruptions
• It provides collateral-free loans and now credit cards, helping vendors build:
  • Credit history
  • Financial security
  • Access to formal banking
• PM Modi emphasised that credit cards, once limited to the wealthy, are now accessible to street vendors