PM Modi Address to India on 31.12.2016 – Watch Video

[ Read Text of PMs Modi address to nation ( India) on 31.12.2016 – ( Hindi ) ]

PM Modi in his Address to India on 31.12.2016 had annouced many new scheme

• Two new Housing Schemes
• Secheme for Fixed deposit interest to Senior Citizen to be kept at @ 8% for 10 years upto Rs 7.5 Lakh
• Scheme for pregnant Ladies : Rs 6000 will be directly deposited into bank account
• Mudra Yozna Loan to be doubled.
• Credit to MSME sector to be doubled from 1 crore to 2 crore.
• Loan of farmers – 60 days interest will be born by Govt, Kisan Cerdit cards will be converted into Rupay cards.
• Working capital loan for digital payments – Limit increased from 20% to 30%

प्रधानमंत्री नरेंद्र मोदी का राष्ट्र के नाम संबोधन | 31/12/2016

PM addresses the nation | 31/12/2016 [ English]

PM initiates several schemes for the welfare of poor& middle class

Prime Minister Narendra Modi addressed the nation on New Year’s eve, 50 days after the demonetisation move.

Top Quotes:

• Demonetisation has caused deep infliction on black money, terror, human traffickers and counterfeit currency
• India has gone through a massive cleansing process,purification drive with demonetisation. In the new year, we hope to return normalcy to banks
• Law will do its job on illegal wealth holders but government’s priority is that honest get protection & their difficulties are reduced
• Indians were desperate to break free of corruption, but were given no chance to do this earlier.
• India has set a new example for the world with this exercise.
• The commitment and discipline with which Indians have tackled the cash crunch will be cited for generations.
• This is the first instance in India’s history when the government and the people have fought shoulder to shoulder. I got thousands of letters – they shared pain, and reaffirmed resolve.
• The government’s priority is to ensure help and protection for the honest.
• In such short time, so much money has never come to banks. I appeal to banks to prioritise the poor, lower middle class and underprivileged.
• When corruption and black money is talked about, political funding becomes a large part of the conversation. The time has come for all political leaders to understand the people’s anger. Politicians must shun a holier than thou mentality and work towards reforming the political system.
• Economists will review the events after Diwali. But it’s also important for others to do the same.
• Only 24 lakh people have declared their income of being over Rs 10 lakh
• I urge banks to take initiatives and launch schemes keeping in mind the poor and the middle class people
• Bank employees and authorities along with people have done exemplary work, yes there have been reports of a few indulging in corruption
• All concerned directed to restore normalcy in banking system, particularly in rural & far flung areas, to end difficulties of people
• Citizens have proved that for them truth & honesty are important despite inconveniences post demonetization
• The way people have showed exemplary courage & patience, leaders like Ram Manohar Lohia,Lal Bahadur Shastri would have been proud of them.
• India has become a witness to a Shuddhikaran or purification drive.
• The problems which the people have faced for the betterment of the country is an example in itself
• After Diwali, our country took an important decision to curb black money which will have long term benefits.

Highlights of his Speech

• Banks have been asked to raise cash credit limit to small business to 25% from 20%
• Government to stand guarantee for loans up to Rs 2 crore from current Rs 1 crore, to small businesses
• 3% interest waiver on loan up to Rs 2 lakh for construction of houses in rural India.
• Government to pay interest for 60 days on loans taken by farmers for rabi season from district cooperative banks and primary societies
• Two new schemes under Pradhan Mantri Awas Yojana to provide 4% interest waiver on loan of up to Rs 9 lakh and of 3% on loan up to Rs 12 lakh.

Here are the live updates of PM Narendra Modi’s speech:

• 125 crore Indians will welcome the new year with new decisions, new spirits.
• India has become witness to a shuddhikaran(purification) drive.
• For coming years, this will decide the course of things to come.
• Humans feel suffocated by the evils brought in over time. He tries to break free from them.
• Our lives had been entangled in black money, corruption; Had forced the honest people to kneel before it.
• They had no choice but to accept it.
• What happened after Diwali shows Indians were looking for a way to beat it.
• Whether it is the 1962 war or the 1965 war, India has seen the patriotism of its people.
• Intellectuals will surely discuss it sometime.
• To fight external evils is an ordinary thing.
• But when ordinary Indians come to fight the evil within, it is inspiring.
• After Diwali, Indians with patience, sacrifice, fought to defeat evils.
• Kuchh baat hai ki hasti mit ti nahi humari:Indians have lived this saying.
• Social evils had become part of our life. But events after November 8 force us to reflect back on that.
• It has proved how important sachhaiand achhai are to Indians.
• It shows, what is discipline. In the face of misinformation, the ability to see the truth.
• The pain that Indians have borne will be an example for generations.
• Indians have laid the foundation for a bright future based on their hard work, their mettle.
• This is the first instance in history when the government and the people have fought shoulder to shoulder.
• My countrymen, I know you have had to stand in line for hours to take out your own money, face a lot of pain.
• I got thousands of letters, they shared their pain, reaffirmed their resolve.
• You do not want to stay back in the fight against corruption, black money, fake currency.
• In the new year, we hope to take the bank towards normal functioning.
• We have to focus on normalising the functioning of banks – Especially in far flung areas, rural areas. All problems should be fixed.
• What Indians have done, there is no example for it in the world.
• In the past few years, 500 and 1,000 notes were less in circulation and more in a parallel economy.
• The amount of cash we had was not usual.
• In our economy, notes were bolstering inflation, black marketing, taking what is the right of the poor.
• The patience, discipline and resolve that crores of Indians have shown, had Lal Bahadur Shastri, JP Narayan, Lohia were here, they would bless Indians.
• Ordinary citizens joined the effort of the government to help the poor.
• Such heartening examples have come to light in the past few weeks.
• My beloved countrymen, how long will we turn away from the truth.
• I want to give you an information.
• Either you will burst out laughing or get explode with rage.
• There are just 24 lakh people in country who admit their income is more than 10 lakh.
• Every city you see, has people with large bungalows and cars. Don’t you think the fight against black money and corruption deserves more power?
• Brothers and sisters, law will do its job, punish the guilty. But for the government what is a priority is how the honest are secured and how honesty is more widely established.
• This government is a friend of the honest and hopes to bring the dishonest back on the right track.
• You often have poor experiences with red tapism, and bureaucracy.
• Whether it is Central government or state government, all are responsible for the welfare of the ordinary people and seclusion of the dishonest.
• Terrorists, Naxalites, human traffickers are all dependent on black money.
• This one decision struck them deep.
• Today, in large numbers, youth are leaving the path of violence and returning to the mainstream.
• If we are alert we can stop them from going back.
• The wealth that was outside the mainstream economy, has returned to it.
• The cunning people looking for loopholes have been thwarted. Technology has helped in this fight.
• They have been forced to return to the mainstream.
• Bank officials have had a major contribution in this effort. Women have stayed back to work long hours. Post offices have functioned for long hours.
• Yes, some serious crimes have been revealed and the people responsible wont be spared.
• At this time, I will say one thing to the banks.
• History is witness that Indian banks have never had such a huge influx of wealth.
• Keeping in mind the independence of banks, I want to appeal to them to focus on the middle class and the underprivileged.
• Banks should work for the benefit of the poor and not let this opportunity go.
• As much as possible, they should work for the welfare of the people.
• When policies are made for the people, societies are strengthened and there are long term gains. It ensures better results.
• Villagers, poor, farmers, Dalit, are strengthened.
• The country will progress faster.
• Sabka Saath Sabka Vikasto reaffirm this.
• The government is bringing a few new schemes.
• So many years after independence, lakhs of poor don’t have their homes.
• As black money grew, homes became out of reach of the poor and the middle class.
• In 2017, villagers who want to build their homes or expand them will get loans
• For loans up to 2 lakh – 3% interest relief; 9 lakh – 4% interest relief; 12 lakh – 3% interest relief will be given.
• Such an environment had been created that farmers were suffering.
• This year the Rabi harvest has been high.
• Government will take care of interest for 60 days for farmers who had taken loans from district coop, central bank.
• 20,000 crore in NABARD fund to give loans to farmers.
• In 3 months, 3 crore Kisan Credit Cards will be transformed to RuPay credit cards.
• Farmers had to go to banks to withdraw money. With this they will be able to sell and buy at any place.
• Just as agriculture is important, so are MSMEs. Keeping this in mind, the government has taken some decisions
• For small entrepreneurs, credit guarantee raised from 1 crore to 2 crore.
• Loans by non-banking financial companies will also be covered in this.
• Shopkeepers and small businessmen will get more loans because of this.
• The government has also said for small businesses, cash credit limit raised to 25 per cent from 20 per cent.
• A few days ago the government gave huge tax relief to small entrepreneurs.
• On digital transactions, their tax will be calculated at 6 per cent, not 8.
• For pregnant women, a national scheme is being launched.
• Pregnant women will get Rs. 6,000 for their delivery, vaccination, for nutritious meals.
• This will be transferred straight to their account.
• This will help reduce the reduce deaths of mothers during childbirth .
• When banks get large deposits, they reduce interest rates on deposits.
• Senior citizens will be assured 8 per cent interest on their deposits up to Rs. 7.5 lakh.
• When corruption and black money is brought up, political funding becomes a large part of it.
• Time has come for all political leaders to understand the people.
• From time to time parties have taken corrective steps, accepted limitations.
• Today, the time has come when politicians shun holier than thou mentality and work towards reforming the political system.
• Even the President has spoken on this.
• There has always been space for all constructive steps in our country.
• There are quite a few positive signs when it comes to digital transactions.
• Yesterday the government launched BHIM. I encourage people to use it as much as possible.
• Economists will review the events after Diwali. But it’s also important for others to do the same.
• Indians have shown unprecedented patience.
• In 1917, under Mahatma Gandhi’s leadership, the first Satyagraha was launched in Champaran.
• A hundred years later, we see Indians still have the same strength.
• Mahatma Gandhi is not anymore but people have shown that his spirit lives on.
• We must not let this fight against corruption and black money stop.
• We are 125 crore people, 65 per cent people under 35, have all the means.
• An India like this has no reason to stay behind.
• The new year is coming with rays of new resolves. Let us all overcome all obstacles and build a new future.