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Showing posts from January 2, 2017

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 c...

BHIM APP launched by PM Modi

PM Narendra Modi launches UPI based mobile payment app called BHIM  NEW DELHI: Urging people to make digital payments a "habit" to make the country a cashless economy, Prime Minister Narendra Modi on Friday launched a mobile app for the Unified Payment Interface (UPI). The application, which will be common across all banks and financial institutions, is called BHIM (Bharat Interface for Mobile).  In  his 40-minute speech at Talkatora Stadium in New Delhi during the inauguration of the DigiDhan Mela, Modi time and again evoked Dr Bhim Rao Ambedkar -- father of the Indian Constitution - and drew parallels between his contribution towards the upliftment of the downtrodden and the idea behind the BHIM mobile app  "Right now, business happens by the way of [currency] notes and coins. That day is not far when all business transactions will be conducted through the BHIM app," the prime minister said in Hindi.  The central banking system was born out of ...