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
CSR in the Crossfire: Professor and practitioners debate over ethics in India Inc. at Kolkata's MCHD talk
October 24, 2025
-
News
Jashanpreet Singh Case: California under fire for licensing undocumented truck driver
October 24, 2025
-
News
India upgrades Technical Mission in Kabul to Embassy, days after Muttaqi's visit to New Delhi
October 22, 2025
-
News
Pakistan, Afghanistan agree to 48-hour ceasefire after deadly border clashes
October 15, 2025
-
News
Afghan Taliban, Pakistan exchange gunfire, dozens killed
October 15, 2025
-
News
Trump hails Netanyahu in Israel after hostage release, declares historic dawn of a new Middle East
October 13, 2025
-
News
Historic dawn of a new Middle East: Donald Trump addresses Israeli Parliament
October 13, 2025
-
News
Shah Rukh Khan receives maiden National Award from President Droupadi Murmu
September 23, 2025
-
News
Kolkata: Ahiritola Yubak Brinda invites Auram to make jewellery for Ma Durga and her family
September 20, 2025
-
News
Israel-US alliance 'never been stronger', Netanyahu says as State Secretary Rubio visit for talks
September 15, 2025




