PM Modi addresses to the nation - Top announcements


Ajit Kumar AJIT KUMARWISDOM IAS, New Delhi.

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

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