Protection of honest is Govt’s priority: PM

Source: The Hitavada      Date: 01 Jan 2017 09:59:54



Dec 31,


“Demonetisation is a historic cleansing ritual and people of the country had taken the biggest ‘shudhi yagna’ after Diwali”


PRIME Minister Narendra Modi on Saturday set out a stern warning of tough action against the “dishonest” people even as he announced a slew of sops for senior citizens, farmers, rural housing, women and small entrepreneurs to soften the blow of demonetisation.
He also assuaged the honest people that the Government will act as a friend to them so that their difficulties are eased.
“The law will take its course with full force. The Government will help the honest and protect them and see their difficulties are eased. How honest will gain from the Government. This Government is a friend of good people and wants to build on the good environment for the people to return to goodness,” he said.
Acknowledging that “serious offences” have been committed by some bank and Government officials taking advantage of
situation, he said “they will not be spared”.
The Prime Minister said that thousands of people had written to him about the hardships they faced due to demonetisation but the November 8 decision proved that Indians wanted freedom from corruption.
“The corruption had made the people of the country to bow before of it without their will. And they wanted to come out of it,” Modi said.
Terming demonetisation as a “historic cleansing ritual”, Modi said people of the country had taken the biggest “shudhi yagna” after Diwali.
Among the sops announced in his address to the nation at the end of 50-day demonetisation period, Modi said senior citizens will get 8 per cent interest on deposits of upto Rs 7.5 lakh for 10 years and deposit of Rs 6000 into accounts of pregnant and lactating women in rural areas to meet medical expenses.
The progress of the MUDRA Yojana has been very encouraging. Last year, nearly 3 and a half crore people have benefited from this. The Government now aims to double this, giving priority to Dalits, Tribals, Backward Classes and Women.
For farmers, he announced that banks will not charge interest for 60 days on loans taken from district cooperative central bank and primary societies for rabi crop.
For construction or expansion of a rural house, 3 per cent interest will be waived on loan of upto Rs 2 lakh.
They will get even better access to loans from cooperative societies with the Government adding Rs 20,000 crore to the Rs 21,000 crore fund created by NABARD last month.
The Government has decided, that 3 crore farmers who have Kisan Credit Cards, will be given RuPay debit cards within three months. Kisan Credit Cards were launched in 1998, but so far, it was essential to go to a bank, to use them. Now, farmers will have RuPay Debit Cards, which they can use anywhere.
Announcing two new schemes under Pradhan Mantri Awas Yojana, he said 4 per cent interest subvention on loans upto Rs 9 lakh and 3 per cent on loan upto Rs 12 lakh.
The Prime Minister also said that the Government would also build 33 per cent more houses in the villages under the Pradhan Mantri Grameen Awas Yojana. A scheme to provide pregnant women financial aid of Rs 6,000 as part of efforts to bring down the maternal mortality rate. “The scheme will be applicable across the over 650 districts of the country. Under this scheme a pregnant woman will be provided with Rs 6,000 for covering hospital admission, vaccination and nutritional food,” said Modi.
“The money will be directly transferred to pregnant women bank accounts,” he said, adding that it “will greatly help in bringing down maternal mortality rate”.
Currently the scheme is being implemented on a pilot basis in 53 districts with the benefit amount being Rs 4,000.
Prime Minister Modi addressed the nation a day after the nearly two-month long demonetisation exercise came to end.
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