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New Year 2017 scheme launched by PM Modi

Modi speech: Here is a list of all schemes announced by the PM


1) For the poor: Two new schemes under PM Awaas Yojna. Home loans for poor and middle class people up to Rs 9 lakh will get 4 percent exemption on interest and 3 percent for up to Rs 12 lakh loans.


2) For farmers: Sixty days interest waiver for farm loans taken from from district co-operative banks and co-operative societies.


3) For senior citizens: 8 percent interest up to Rs 7.5 lakh deposit by senior citizens in banks.


4) For small businesses: Credit guarantee for micro small and medium enterprises to be raised to Rs 2 crore from current Rs 1 crore.



5) For women: Pregnant women across India will be given Rs 6,000 in their bank accounts to take care of initial medical needs.

6) For farmers: The government will convert 3 crore Kisan Credit cards to RUpay Credit cards.

7) For small businesses: Banks have been asked to raise cash credit limit for small businesses to 25 percent from 20 percent.

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