Prime Minister Narendra Modi thanked people in India for cooperating with Government in Demonetization drive, and fight against corruption and black money. Demonetisation has dealt a severe blow to terrorism, Naxalism, Maoism, counterfeit currency trade, drug trade, human trafficking. 500 and 1000 rupee currency notes were used less for legitimate transactions and more for a parallel economy.
In his address to Nation, he thanked people for there patience amid cash crunch because of ban of Rs 500 and Rs 1000 notes.
On the New Year eve Government is bringing some new programs for the people, he has announced two housing schemes on the principle of Sabka Saath – Sabka Vikaas. Two new middle-income categories have been created under the Pradhan Mantri Awaas Yojana in urban areas. The number of houses being built for the poor, under the Pradhan Mantri Awaas Yojana in rural areas, is being increased by 33 percent. Loans of up to 9 lakh rupees taken in 2017, will receive interest subvention of 4 percent. Loans of up to 12 lakh rupees taken in 2017, will receive interest subvention of 3 percent. The number of houses being built for the poor, under the Pradhan Mantri Awaas Yojana in rural areas, is being increased by 33 percent. In addition to this, another scheme is being put in place for the neo middle and middle classes in rural areas. 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 percent.
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. Arrangements are being made to provide farmers even better access to loans from cooperative banks and societies. 3 crore farmers who have Kisan Credit Cards, will be given RuPay debit cards within three months. Now, farmers will have RuPay Debit Cards, which they can use anywhere.
A new scheme for financial assistance to pregnant women is introduced. 6000 rupees will be transferred directly to the bank accounts of pregnant women who undergo institutional delivery and vaccinate their children.
For senior citizens, they will receive a fixed interest rate of 8 percent for a period of 10 years, on deposits up to 7.5 lakh rupees.
“Mitron” word missing from PM Narendra Modi address to the nation and look at what Twitter says about it.