PM Modi announces host of sops for farmers, women and marginalised section of society

Banks have been asked to raise cash credit limit to small business to 25% from 20%: PM Modi pic.twitter.com/v6rAZ59wwr

— ANI (@ANI_news) December 31, 2016

PM Modi says BHIM app has been launched to promote digital transactions. Modi stresses on clean up of political process and again repeats his plan of holding assembly and lok sabha elections today. 

He says people should be inspired by Mahatma Gandhi and look to fight against all societal evils. 

PM says there is no reason why our country should be left behind. 

PM Modi announces scheme for senior citizens. 8% interest on senior citizen's fixed deposit amount. 

Rs 7.5 lakh tak ki raashi par 10 years tak ke liye salaana 8% ka interest rate surakshit kiya jayega: PM Modi pic.twitter.com/3yNjldtvwI

— ANI (@ANI_news) December 31, 2016

Government to pay Rs 6000 to pregnant women for their balanced diet, vaccination etc. The amount will be directly deposited to their bank accounts. It will hopefully decrease Maternal Maternity rate, says PM Mpdi 

Under Pradhan Mantri Yawas Yojana, for making house in urban areas, 4% discount will be given for home loan upto Rs 9 lakh and 3% for home loan upto 12 lakh. For rural areas, 33% more homes will be made. 

In rural areas, if people want to make their house or renovate their old house, 3% discount will be given on home loan upto Rs 2 lakh. 

PM Modi says farmers have given stinging reply to what the opposition was saying. He says Ravi seed sowing is up 6%. 

PM says farmers will get loan at a much cheaper rate. He says NABARD will now give loan at a cheaper rate and govt will pay for the loss NABARD endures. 

Kisan credit cards will be converted to Rupay cards. 

District Cooperative Central Bank and primary society se kisaano ne jo karz liya hai, us karz ka 60 din ka byaaz sarkaar vahan karegi: PM pic.twitter.com/hbsA1RX2vH

— ANI (@ANI_news) December 31, 2016

Distt Cooperative Central bank se jin kisano ne Kharif aur Rabi ki buvai ke liye liya tha, us karz ke 60 days kar byaz govt vahan karegi: PM

— ANI (@ANI_news) December 31, 2016

Govt has also taken some decisions for benefit of MSME. 

Credit guaranty for small businessmen will be increased from Rs 1 crore to Rs 2 crore. Loans taken from NBFC will also be covered in this.  This hopefully will give a filip to small businessmen, according to PM Modi. 

PM says working capital loan will be increased. 

 

 

PM Modi urges banks to be more inclusive and conduct their operation keeping in mind the condition of poor, middle class and the lower middle class. PM urges banks to be inspired by the philosophy of Pandit Deenadal Upadhyay. PM says short term and long term effect of inclusive banking will soon be felt. He stresses on the fact that social inclusion is the only way of making India strong. 

He says government will bring some new schemes for the less fortunate today. 

Modi says govt officials have to ensure that they help the honest people. According to PM, black money is the pillar of all the illicit works that happens in the society. 

PM claims youth are leaving violence to comeback to the mainstream post demonetization. According to Modi, there is very little hope for dishonest people to evade law. He praises bank officials for doing their best in this difficult times. PM Modi says some people have tried to misuse the banking system for their own benefit. He warns that they will not be spared. 

According to PM, only 24 lakh people claim that their salary is over Rs 10 lakh per annum. According to Modi, it is a shocking figure and completely off the mark. PM says that it is high time that the real figure is known. PM asks what will happen to the traitors? He says that the law will take its own course and take strict action. PM says govt is friend of the good people and will try to bring the deviant to the right path. 

 

According to PM, the old notes were circulating more in parallel economy than in the real one. He says inflation, black marketing where mainly due to this reason. PM says they will like to ensure that there  is very less unaccounted cash out of the economic system. 

Modi cites names of luminaries like JP, Kamraj, Lohiya and says they would have praised demonetization. Modi says many people who were forced to do economy in cash are trying to come to mainstream post demonetization. PM says that he welcomes such endeavoure. 

According to Modi, this is a rare occasion in history where public and government are united to fight for truth. PM Modi acknowledges the hardship people have endured. He says many people wrote to him conveying their misery. 

Modi claims people communicated to him thinking PM is his own person. Modi says that govt has asked all concerned authorities to ensure that banking situation gets back to normal. He says special attention will be given that banking in rural places are facilitated. 

According to PM Modi, the inner zeal of people has been clearly manifested in the past couple of months. He gives example of past events where people have shown resilience and zeal. He says crores of people are fighting a internal war against malice plaguing the society. According to Modi, people have endured enormous hardship to fight against evils in the society.  He says people have fought against propaganda to ensure that nation's future is secured. 

With new hope, and new endeavour, I welcome the new year, says PM. The country took a giant step towards purification shortly after Diwali. This will be a major step in guiding the path of India in the coming years, says PM Modi. Modi says black money had even made honest to bent its knee in front of the corrupt, They were victim of circuimstances. 

Totes 

Will be disappointed if Modi doesn't enter with Stone Cold's theme music.

— Trendulkar (@Trendulkar) December 31, 2016

Makes sense 

I wish to hear from PM:3 plans
1. Attack on domestic non-cash black money
2. Closure of foreign black route
3. Transparent political funding

— Yogendra Yadav (@_YogendraYadav) December 31, 2016

Jokes coming thick and fast. 

Modifying
India
To
Reform
Our
Nation

M.I.T.R.O.N

— Overtly Covert (@bwoyblunder) December 31, 2016

I am gonna miss the start of #ModiSpeech. I hope, before the speech, there's national anthem and ads of Vicco Vajradanti.

— Sagar (@sagarcasm) December 31, 2016

We are just 20 minutes away from PM Modi's speech and the whole nation is waiting with bated breath. There are even reports of drinking games based on words said by PM Modi. There is nervous expectation of  any radical announcement PM may make in his speech. 

Mitron, here's the Modi Drinking Game I made two years back (in case you're gonna start drinking at 7:30 pm tomorrow). pic.twitter.com/GV0a3EQvhd

— Akshar (@AksharPathak) December 30, 2016