Prime Minister Narendra Modi addressed the media on Saturday.
Prime Minister Narendra Modi is addressing the nation a day after the 50-day deadline to deposit old Rs 500 and Rs 1,000 notes ended.
Here are the highlights:
- Indians have shown patience, sacrifice to fight black money
- Government focusing on normalising banking operations, especially in rural areas
- Only 24 lakh people in India accept that they earn more than Rs 10 lakh per year
- In next three months, 3 crore Kisan credit cards will be made Rupay cards
- Small traders to get loans up to Rs 2 crore under credit guarantee from central government
- Banks have been asked to raise cash credit limit to 25 per cent from 20 per cent for small traders
- People living in rural areas will get 3 per cent rebate on interest rate on loans up to Rs 2 lakh for building or renovating home
- Small traders to get loans up to Rs 2 crore under credit guarantee from central government
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