CEO LETTER

Dear Readers,
In this latest edition of MyGov Pulse, we celebrate
the Democratic Excellence in General Elections 2024.
As truly said by PM Narendra Modi, people’s verdict
in this term’s elections displayed the extraordinary
achievements of India’s electoral process, including
the historic voter turnout in Jammu and Kashmir and
the remarkable participation of Particularly Vulnerable
Tribal Groups. Explore PM Modi’s third term and his
swift actions to benefit farmers and bolster housing.

As you read on, you will discover how India is leading

global efforts in environmental conservation with
initiatives like the ‘Ek Ped Maa Ke Naam’ campaign and
the phenomenal growth in renewable energy.

This time, we have brought to you a new section

Akash Tripathi, IAS ‘Sanskrit Saga’ to unveil the rich heritage of Sanskrit
CEO, MyGov and its lasting influence on Indian culture and
languages. Similarly, another exciting section, the
‘Cultural Kaleidoscope’ will take you on a culinary
journey through India’s diverse food landscape. From
indigenous spices to historical influences, discover the
rich mosaic of Taste of India.

Additionally, learn about India’s impressive foreign

exchange reserves, the return of 100 metric tonnes of
gold, and the groundbreaking launch of the world’s first
3D printed engine rocket by Agnikul Cosmos.

The edition also spotlights the Aatmanirbhar Bharat

initiative, revolutionizing the manufacturing sector and
attracting global investments.

Together, we will achieve the target of ‘Nation

First’ with Do not forget to participate in the exciting array of
activities introduced in our Engagement corner. From
one intention of Viksit Bharat 2047 exciting contests to quizzes, we have covered it all for
you.
- PM Narendra Modi
Join us in celebrating these milestones and more in this
insightful edition of MyGov Pulse.
 ENGAGEMENT
CORNER
Committed to its mission, MyGov consistently presents a dynamic range of interactive
initiatives spanning diverse fields. Seize these opportunities to actively engage and win
exciting prizes, participation certificates & more. Ensure your voice contributes to the
development of a new India!

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4 5

India at the Forefront
of Sustainable
Environmental
Initiatives
On the occasion of World Environment
Day, PM Narendra Modi launched ‘Ek Ped
Maa Ke Naam’ Campaign, by planting a
Peepal tree at Buddha Jayanti Park in Delhi.
Under his visionary leadership, India has
taken significant strides in environmental
conservation. These efforts have not only
positioned India as a global leader in the
fight against climate change but also set a
benchmark for other nations to follow.
6 7
Boom in India’s
Green Energy
India’s journey towards sustainability is
marked by significant achievements in
renewable energy. Since 2014, the country
has experienced a remarkable increase of
3475.4% in its renewable energy capacity.
The solar energy sector, in particular, has
shown an astounding growth of 2887.8% in
installed capacity. Likewise, the wind energy
capacity has more than doubled from 21 GW
to 46.42 GW over the same period. Currently,
India aims to achieve 50% of its total installed
electric power capacity from non-fossil fuel-
based energy sources by 2030.
Global Alliances &
Missions for Greener
Planet
India’s environmental strategy includes
several innovative and impactful movements.
The nationwide Swachh Bharat Abhiyan aims
to promote cleanliness and hygiene across
the country. The ban on single-use plastics
is another significant step towards reducing
pollution. One of the standout initiatives is the
Mission LiFE (Lifestyle for Environment), which
promotes an environmentally conscious
lifestyle. India has also been at the forefront
of forming global alliances for environmental
conservation. The International Solar Alliance
aims to promote solar energy utilization
worldwide. The National Green Hydrogen
Mission seeks to develop green hydrogen as
a clean energy source.
Future Goals: The
Panchamrit
Looking ahead, India has set ambitious goals
under the Panchamrit framework to continue
its green journey. These goals include
reducing carbon emissions by 1 billion tonnes
by 2030 and reducing the carbon intensity
of the economy by over 45% within the same
timeframe. India also aims to achieve net-
zero carbon emissions by 2070 and ensure
that 50% of its energy needs are met from
renewable sources by 2030. Additionally,
the country is targeting a non-fossil energy
capacity of 500 GW by 2030.
 Sanskrit, the ancient and classical language
of India, has a storied legacy beginning
with the compilation of the Rigveda, the
Sanskrit Saga
world’s earliest known book. Scholars date
the Vedas from 6500 B.C. to 1500 B.C.,
suggesting Sanskrit’s evolution into a highly

EVOLUTION
expressive language well before this period.
The dialects used in the Vedas, known as

OF SANSKRIT
Vedic Sanskrit, were distinct from classical
Sanskrit. Each Veda had its own grammatical
text, the Pratishakhya, which detailed word

Unlocking The Enduring Journey: From
Ancient Text to Modern Influence
forms and grammatical rules. This era
produced extensive literature, including the
Vedas, Brahmanas, Aranyakas, Upanishads,
and Vedangas, collectively termed Vedic
Literature.
Panini and the
Standardization of
Sanskrit
A pivotal figure in Sanskrit’s
development was Panini,
around 500 B.C. Panini
synthesized the grammatical
knowledge of his time into
the comprehensive text
Ashtadhyayi. This work set
the standard for both literary
and spoken Sanskrit and
remains the touchstone for
linguistic correctness to this
day.
Indo-European
Connections & Global
Recognition
Sanskrit is part of the Indo-Aryan or
Indo-Germanic language family, which
includes Greek and Latin. William Jones, an
18th-century philologist, famously noted
Sanskrit’s perfection, copiousness, and
refinement compared to Greek and Latin.
Despite its ancient roots, Sanskrit remains
a medium of expression for scholars
worldwide, including in the United States
and Germany. It is recognized as a modern
Indian language in the eighth schedule of
the Indian Constitution.
Influence on Other
Languages and
Literature
Sanskrit has significantly influenced the
development of other languages and
literature in India. Pali and Prakrit languages
evolved from Sanskrit, serving as mediums
for Buddhist and Jain teachings. A
substantial amount of Buddhist and Jain
literature was also composed in Sanskrit.
Prakrit languages, with regional variations
such as Paishachi, Shauraseni, Magadhi,
Ardha-Magadhi, and Maharashtri, were used
for ornate poetry and drama dialogues.
From these Prakrit languages, various
Apabhramsha languages developed. Hindi,
the official language of India, developed
from Shauraseni Apabhransha. Languages
like Tamil, Malayalam, Kannada, and Telugu
were significantly enriched by Sanskrit.
Sanskrit’s journey from ancient dialects to a
classical language has profoundly impacted
India’s linguistic and cultural landscape,
ensuring its relevance across millennia.

8 9
SpotLight
GENERAL ELECTION 2024
Celebration of Democratic Excellence
For a record-tying third term, Shri Narendra Modi took oath as the Prime Minister of India at a
ceremony at the Rashtrapati Bhawan on Sunday, June 9, 2024. Within 24 hours of resuming
office after being sworn in as Prime Minister of India, PM Narendra Modi and his newly formed
cabinet took some major decisions for the development and welfare of the nation and its

“
people.

The first decision involved authorizing the release of the 17th installment of the ‘PM Kisan
Nidhi’ funds. This will benefit 9.3 crore farmers and distribute around Rs 20,000 crores. Upon
signing the release of the funds, PM Modi said that the government remains committed

THIS VICTORY to farmers’ welfare. In another major decision, the Union Cabinet approved the Centre’s
assistance for constructing 3 crore more rural and urban houses under the Pradhan Mantri

IS THE Awas Yojana, to meet the housing requirements arising out of the increase in the number of
eligible families.

VICTORY OF
THE WORLD’S
BIGGEST
DEMOCRACY,
a victory of faith in the
country’s Constitution,
a victory of the ‘Sabka
Sath, Sabka Vikas’
mantra, and a victory
of 1.4 billion Indians.

10 11

SpotLight
The Magnitude
642 Million Indian voters
Efforts for Inclusivity
312 million women voters
Over 97 Crore electors
1.5 Cr polling & Security Officials
10.5 lakh polling stations
12
Home Voting facility for 85+ years old and
PwD voters.
Polling Officials navigated rivers in rafts to
reach the remote areas.
Special provisions for Manipur Internally
Displaced Persons with voting facility at
Special Polling Stations. 94 Special Polling
Stations were set in 10 districts. 1 SPS was
set up in Tengnoupal district for a single
voter.
Voter awareness messages at cricket
stadiums, Petrol Pumps, Railway Stations,
and Airlines.
Minimal Repolls: Meticulous planning,
training and review, ensured fewer repolls.
39 Repolls in General Election 2024 as
opposed to 540 in 2019. 25 out of 39
repolls were in 2 States only
102 villages of Bastar Division voted for
the 1st time in their own village.
DEMOCRATIC REVIVAL
IN J&K Highest Poll Participation
in 35 Years
In a monumental stride for India’s democratic process, Jammu and Kashmir (J&K) achieved
its highest voter turnout in 35 years during the General Elections 2024. The Union Territory’s
combined voter turnout (VTR) across its five Lok Sabha seats was an impressive 58.46%,
reflecting the robust democratic spirit and civic engagement of its people.
The Kashmir Valley’s voter turnout, Meanwhile, the Udhampur and Jammu
particularly in the three parliamentary constituencies saw turnouts of 68.27% and
constituencies of Srinagar, Baramulla, and 72.22%, respectively.
Anantnag-Rajouri, was remarkable, with
Ladakh, now a separate Union Territory, also
50.86% of voters casting their ballots. This
demonstrated strong voter engagement, with
marked a significant increase from the
a VTR of 71.82%.
19.16% turnout in the 2019 General Elections.
Specifically, Srinagar recorded a 38.49% The high turnout of electors highlights their
turnout, Baramulla 59.1%, and Anantnag- growing faith in the democratic process, a
positive and encouraging development.
Rajouri 54.84%, the highest in three decades.
13
SpotLight
PARTICIPATION
RECORDSBY
TRIBAL
COMMUNITIES
The 2024 General Elections in India have
witnessed a remarkable inclusion of
Particularly Vulnerable Tribal Groups (PVTGs)
and other tribal communities, thanks to
the Election Commission of India’s (ECI)
dedicated efforts over the past two years.
The ECI’s focused outreach led to extensive
enrollment and participation drives across
states with PVTG populations.
In a historic first, the Shompen tribe of Great
Nicobar participated in a General Election,
marking a significant milestone in India’s
democratic journey.
Madhya Pradesh’s Baiga, Bhariya, and
Sahariya tribes, totaling 6,37,681 eligible
voters, showcased their democratic spirit
with enthusiastic participation. Similarly,
Karnataka’s Jenu Kuruba and Koraga tribes
saw 100% enrollment of 39,498 eligible voters,
with tribal-themed polling stations enhancing
voter turnout.
14
Kerala’s five PVTG communities, including GLOBAL advancements,
DELEGATES
particularly the use
the Kurumba tribe, demonstrated their of Green Polling
commitment by walking long distances
LAUD
Stations and EVM-
to vote. In Tripura, the Reang community, VVPAT randomization.
DEMOCRATIC
also known as Bru, participated actively Delegates from
despite their dispersed and remote Australia, Bhutan, and
SPIRIT
locations. Odisha’s comprehensive Russia highlighted the
campaign ensured 100% enrollment of peaceful, inclusive, and
1,84,274 eligible PVTG voters through accessible nature of the
innovative awareness activities. The General Elections 2024 in India have received
elections.
international acclaim, with delegates from 23 countries
Bihar, Jharkhand, Gujarat, Tamil Nadu, Overall, the international
expressing admiration for the electoral process. During the
and Chhattisgarh also reported significant delegates unanimously
third phase on May 5, 2024, the largest-ever contingent
tribal participation, with comprehensive lauded India’s election
of international delegates participated in the International
campaigns and unique initiatives fostering process, noting its
Election Visitors’ Programme (IEVP). Divided into six
electoral inclusion. transparency, inclusivity,
groups, they visited Karnataka, Maharashtra, Gujarat, Uttar
The success of these efforts underscores Pradesh, Goa, and Madhya Pradesh, observing polling in 13 and the unwavering
a rejuvenated democracy, with PVTGs constituencies. faith of Indian voters in
playing an active role in shaping democratic ideals.
The delegates praised the transparency and technological
India’s future through their enthusiastic
participation in the 2024 General
Elections.
15

Cultural Kaleidoscope
TASTE OF
INDIA
A Journey Through
Its Diverse Culinary
Landscape
India’s culinary landscape is a vibrant mosaic,
reflecting the country’s rich cultural heritage
and centuries of interaction with the wider
world. The term “Indian food” is an umbrella
for a plethora of regional cuisines, each with
its unique flavors, ingredients, and culinary
techniques. The diversity in Indian cuisine is
16
a testament to the country’s varied climates,
soil types, cultural practices, and historical
influences.
Spices & Herbs: The
Heart of Indian Cuisine
Central to Indian cooking are spices and
herbs like ginger, turmeric, and tamarind, as
well as cumin and coriander from West Asia.
These spices enhance flavor, offer medicinal
properties, and are essential to Indian cuisine.
Combined into garam masala, they create the
complex, bold flavors defining Indian dishes.
The Evolution of Indian
Gastronomy
Indian cuisine is a “palimpsest,” reflecting
layers of historical and cultural influences.
From early agriculture in Rajasthan and
Mehrgarh around 8000 BCE to the Vedic
period’s focus on dairy and oilseeds, food has
always been central to Indian society. Vedic
caste stratification further shaped culinary
practices, introducing concepts of purity and
pollution in food.
Trade & Cultural
Exchange
From the 1st to 5th century CE, trade with
South-Asian countries and empires like
the Guptas facilitated cultural exchanges.
Spices became major commodities.
European colonization in the 16th
century enriched Indian cuisine, with the
Portuguese introducing potatoes and
chilies, and the British popularizing tea and
vegetables.
Philosophical &
Religious Influences
Between the 6th and 3rd centuries BCE,
Jainism and Buddhism emphasized ahimsa
(non-violence), promoting vegetarianism.
Food became a cosmic principle in the
cycle of life. The story of Buddha being
offered rice and milk by Sujata, leading to
his enlightenment, highlights food’s spiritual
significance in Indian culture.
Millets: India’s
Nutri-Cereals
Millets are resilient cereal grains integral to
Indian tribal food. India is the largest global
grower, cultivating millets with minimal water,
fertilizers, and pesticides, thus reducing the
carbon footprint. Millets are highly adaptive to
various ecological conditions, making them a
sustainable food source.
17

POSITIVE
NEWS
Unstoppable Rise in
Indian Forex Reserves
India’s foreign exchange reserves have
surged by 4.83 billion dollars to touch a new
lifetime high of 651.5 billion dollars as on May
31, 2024. The foreign currency assets, a major
part of the overall foreign exchange reserves,
increased by 5.065 billion dollars to 572.56
billion dollars.
India Brings Back 100
Metric Tonnes Of Gold
From UK
The Reserve bank of India brings back 100
tonnes of Gold from the Vault of UK to India,
marking a significant shift in its economic
policy. As of March 31, 2024, the RBI’s total
gold reserves increased to 822.10 metric
tonnes from 794.63 metric tonnes in the
previous year.
18
INDIA AT
G7 SUMMIT
2024
India’s participation in the recently held
G7 Summit in Apulia, Italy, underscores its
growing influence and strategic importance
on the global stage. Marking his first
international trip after being re-elected for
a third term, PM Narendra Modi highlighted
India’s commitment to playing a proactive
role in international affairs.
World’s First 3D
Printed Engine Rocket
Launched
India launched the world’s first rocket with
a single-piece 3D printed engine from
Sriharikota, showcasing indigenous innovation.
Supported by over 200 engineers and 45
former ISRO scientists, Agnikul aims for an
orbital mission by 2024-2025, validating in-
house technologies.
At the Summit, he emphasized India’s
achievements in digital technology,
showcasing a human-centric approach
to technological advancements. He
also highlighted India’s pivotal role
in AI as a founding member of the
Global Partnership for AI, promoting
international collaboration and well-
being through technological innovation.
A significant aspect of PM Modi’s
address at the Outreach Session was his
focus on the Global South. Celebrating
the African Union’s admission as a
permanent member of the G20 under
India’s presidency, he stressed the
importance of addressing the concerns
of developing nations.
Energy transition was another key topic,
with PM Modi outlining India’s goals of
achieving net-zero emissions by 2070.
India’s robust economic performance,
with a GDP growth rate surpassing that
of G7 countries, further cemented its
position as a critical player in the global
economy.
In sum, India’s participation in the G7
summit not only reinforced its economic
and technological prowess but also its
dedication to advocating for the Global
South, making it an indispensable
partner in shaping global policies and
reforms.
19
 domestic economy. This
vision is supported by a
Factors Driving
Aatmanirbhar comprehensive policy
Bharat framework that includes
Superior
initiatives such as Make in Performance
India, PM Gati Shakti, and The impressive performance of
Production-Linked Incentive manufacturing mutual funds can be
(PLI) schemes. attributed to several factors. Firstly, the
strength of B2B businesses within the
Though India’s manufacturing
manufacturing sector has significantly
industry has long remained at
boosted earnings growth and Return on
17% of the nation’s GDP, there’s
Equity (RoE). Additionally, the global shift
growing optimism about its
towards diversified supply chains has
potential. By encouraging
enhanced companies’ financial positions.
local production and providing
Secondly, Government initiatives such
incentives for manufacturing,
as Make in India and PM Gati Shakti have
the government has
created a robust foundation for growth,
attracted significant
fostering export-oriented growth and

MANUFACTURING
investments in various
import substitution. Thirdly, despite Covid
industries. The resurgence
challenges, India’s stable macroeconomic

SECTOR -
in the manufacturing sector,
fundamentals, supported by Foreign
coupled with government

INVESTOR’S
Institutional Investors (FIIs), Domestic
initiatives, has led to the
Institutional Investors (DIIs), and retail
creation and success of

PARADISE
investors, have maintained market stability.
several manufacturing mutual

India Gearing Up For

funds which have capitalized

Industry 4.0
India’s ‘Aatmanirbhar Bharat’ initiative has ignited a fire on favourable macroeconomic

in the manufacturing sector, attracting global investors
and paving the way for a new breed of financial
instruments - Manufacturing Mutual Funds. Launched in
2020, Aatmanirbhar Bharat aims to make India a global
manufacturing hub, by promoting indigenous industries,
reducing dependency on imports, and boosting the
trends and policy measures to
deliver impressive returns.
The Aatmanirbhar Bharat initiative, with its focus on
infrastructure development, skill development, and attracting
global investment, is transforming India’s manufacturing
sector. This transformation presents exciting opportunities
for investors seeking exposure to a high-growth industry.
Manufacturing Mutual Funds provide a convenient and
professionally managed way to participate in this growth
story and contribute to India’s journey towards becoming a
self-reliant manufacturing powerhouse.

20 21

Scheme Reflection
PM SVANIDHI
4 Years Of Empowering
Nano Entrepreneurs
Launched on June 1, 2020, the PM SVANidhi
scheme marks a significant milestone,
celebrating four years of empowering nano
entrepreneurs. This revolutionary micro-
credit initiative offers loans to street vendors
in three stages: the first tranche of Rs 10,000,
the second tranche of Rs 20,000 conditional
on the repayment of the first, and the third
22
tranche of Rs 50,000 upon repayment of
the second loan. The scheme incentivizes
timely repayments with a 7% interest
subsidy and rewards digital transactions
with cashback of up to ₹1,200 per
year. PM SVANidhi has significantly
transformed the landscape for street
vendors across India.The scheme stands
out not only as a financial aid but as a
comprehensive effort to formalize and
protect these essential service providers.
The implementation of PM SVANidhi
nudged states to notify rules under the
Street Vendors Act, 2014, ensuring legal
protection for vendors nationwide.
Letters of
Recommendation
Inclusivity has been a cornerstone
of PM SVANidhi. Recognizing the
challenges street vendors face in
obtaining recognition from Urban Local
Bodies (ULBs), the scheme introduced
Letters of Recommendation (LoR)
which allows vendors to establish their
profession without the need for fresh
surveys.
Bridging the Digital
Divide
SVANidhi promotes digital financial inclusion.
By equipping vendors with QR codes and
cashback incentives for digital transactions,
it has sown the seeds for a cashless future.
As of March 2024, more than 82 lakh loans,
amounting to over Rs. 10,978 crore, have
been disbursed to over 62 lakh street vendors
nationwide. According to an MSC study
conducted for MoHUA, street vendors make
an estimated 3 billion digital transactions
per month, with PM SVANidhi vendors
responsible for 20% of them.
Securing the Vendor’s
Future
The scheme also ensures the long-term
sustainability of vendors’ businesses by
offering higher loan amounts for those with
good repayment records. This progressive
approach prevents vendors from falling
into the trap of high-interest informal loans,
providing a reliable financial pathway.
Hassle-Free
Approach
Designed with extensive stakeholder
consultation, SVANidhi tackled the challenge
of recognition for informal vendors by
introducing LORs. It also addressed credit risk
through loan guarantees and involved a wide
range of financial institutions for easy access.
Journey So Far
No. of Beneficiaries: 64,29,735
Sanctioned Amount: Rs 12,124.74 Crore
Disbursed Amount: Rs 11,524.44 Crore
Loans Repaid: 30,93,159
No of branches onboarded: 1,76,180
Total Interest Subsidy paid: Rs 169.77 Crore
Beneficiaries on the basis of gender:
Male: 56%
Female: 44%
Beneficiaries on the basis of category:
OBC: 43%
General: 27%
SC: 19%
Minority: 7%
ST: 3%
23