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Home » India » 54 days after demonetisation:PM  Modi’s mega sop to lure the poor, farmers, traders

54 days after demonetisation:PM  Modi’s mega sop to lure the poor, farmers, traders

By Newsd
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Prime Minister Narendra Modi on Saturday said that the government would give the rebate of three and four percent on interest rates to the people who seek loans to build their houses in 2017.

“To make the people of the middle class and the poor to buy or build their homes, the government has brought to schemes under the Pradhan Mantri Awas Yojana,” he said while addressing the nation on New Year ’s Eve. The 50 day deadline period asked by PM Modi expired a day ago the Mann Ki Baat.

Acknowledging the sacrifice done by all Indians in the light of demonetization chaos, Modi said that there is no example else were in the world to match what India has done to fight black money.

“Kuch baat hai ki hasti mit ti nahi hamaari, is baat ko deshvasiyon ne ji kar ke dikhaya hai (There is a reason why our identities are not forgotten, the nation has shown that with their efforts.),” he said.

The special New Year eve address was fully packed with announcements aimed to lure the common Indians who were hardly hitten by the unplanned move of demonetisation.

As a New Year bonanza to the neo middle class, PM announced that  “ loans of up to 2 lakh rupees taken in 2017, for new housing, or extension of housing in rural areas, will receive an interest subvention of 3 per cent.

Dismissing the allegations of agriculture sector badly affected due to cash crunch , PM said “Rabi sowing is up by 6 per cent compared to last year. Fertilizer offtake is up by 9 per cent. During this period, the Government has taken care to ensure that farmers do not suffer for want of access to seeds, fertilisers and credit.”

He further announced the post demonetisation bonanza to Indian farmers. “Farmers who have taken loans for the Rabi crop from District Cooperative Central Banks and Primary Societies, will not have to pay interest on such loans for a period of 60 days. Farmers who have paid interest during the last two months, will receive these amounts back, directly into their bank accounts”, he announced.

Prime Minister  urged all parties and leaders to move away from a “holier than thou approach,” andto come together in prioritising transparency, and take firm steps to free politics of black money and corruption.


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