Bank account for every Indian: Modi urges in his I-Day speech
New Delhi, Aug 15 (IBNS): In his first Independence Day speech, Prime Minister Narendra Modi on Friday vowed to ensure bank accounts for all Indians.
He said the reason for farmer suicides is due to their inability to
pay back loans to money-lenders which they take at high rate of
interest.
“Why are our farmers committing suicide? It’s because they have to
take money at huge interest rates from the money-lenders,” Modi said.
The MP announced a ‘people wealth scheme’ (Jan Dhan Yogna) that will ensure even the poorest of the poor to have a bank account of their own.
“There are crores of families which have mobile phones but no bank accounts. We have to change this. Economic development must benefit the poor and it should start from here,” Modi said.
He said that under the ‘Jan Dhan Yogna’ when a person would open a bank account he would get a debit card. The family would also get an insurance cover worth Rs. 1 lakh.
Top Headlines
-
News
Donald Trump picks 'smart and tough' Pam Bondi as new US Attorney General after Matt Gaetz withdraws
November 22, 2024
-
News
Baba Siddique murder case: Arrested Akashdeep Gill used a labourer's hotspot to evade tracking, say police
November 22, 2024
-
News
Canadian government denies media report that claims PM Modi knew of Khalistani leader Nijjar's killing
November 22, 2024
-
News
Pakistan: 42 Shiites die after gunmen open fire on vehicle in Kurram
November 22, 2024
-
News
PE firm TA Associates' strategic investment in VeeHealthtek
November 19, 2024
-
News
Manipur unrest: Civil society sets 24-hr deadline for BJP MLAs to take 'decisive action'
November 19, 2024
-
News
Delhi chokes as air quality remains in 'severe plus' category amid curb on several daily activities
November 19, 2024
-
News
Keir Starmer meets Narendra Modi in Brazil, announces relaunch of UK-India free trade agreement talks
November 19, 2024
-
News
Tirumala trust asks non-Hindu staffers to retire or opt for transfer
November 19, 2024
-
News
Manipur's unabated violence kills 1 more in Jiribam, Amit Shah schedules meeting today
November 18, 2024