PM Modi addresses to the nation - Top announcements


PM Narendra Modi addressed the nation on December 31, 2016, 50 days after the demonetisation decision. Here is what the PM said:

1 8% interest rate will be guaranteed on deposits of up to Rs 7.5 lakh for 10 years for senior citizens; interest will be paid monthly

2 Rs 6,000 to be put into accounts of pregnant women in 650 districts for vaccination and other medical use

3 Banks have been asked to raise cash credit limit to small business to 25% from 20%

4 Government to stand guarantee for loans up to Rs 2 crore from current Rs 1 crore, to small businesses

5 3% interest waiver on loan up to Rs 2 lakh for construction of houses in rural India. Buy your dream home with IDBI Home Loans Ad IDBI Bank Home Loan

6 Government to pay interest for 60 days on loans taken by farmers for rabi season from district cooperative banks and primary societies

7 Two new schemes under Pradhan Mantri Awas Yojana to provide 4% interest waiver on loan of up to Rs 9 lakh and of 3% on loan up to Rs 12 lakh.

Saturday, 31st Dec 2016, 08:14:55 PM

Add Your Comment:
Post Comment