Modi announces schemes for pregnant women, senior citizens

Modi said eight per cent interest up to Rs 7.5 lakh deposit by senior citizens in banks has been assured

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New Delhi, Dec 31: The Prime Minister said this fight for honesty needed to be strengthened: "It is natural to discuss what will happen with the corrupt. Law will take its own course."

Also read: Modi terms demonetisation as a 'historic cleansing ritual'

Following is the list of sops that Prime Minister Narendra Modi announced during his speech on the eve of the New Year.

Schemes announced by PM Modi

* Banks should work for benefit of poor, lower and middle classes

* Two new schemes under PM Awaas Yojna. Home loans for poor and middle class people upto Rs 9 lakh will get 4 per cent exemption on interest and 3 per cent upto Rs 12 lakh

* Sixty days interest waiver for farm loans taken from from district co-operative banks and co-operative societies

* Eight per cent interest up to Rs 7.5 lakh deposit by senior citizens in banks has been assured

* Credit guarantee for Micro Small and Medium Enterprises to be raised to Rs 2 crore from current Rs 1 crore

* Pregnant women across India will be given Rs 6,000 in their bank accounts to take care of initial medical needs

* Government will convert 3 crore Kisan Credit cards to RUpay Credit cards

* Banks have been asked to raise cash credit limit for small businesses to 25 per cent from 20 per cent

IANS

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