HOUSING
- For urban poor: 4% subsidy on interest for 9 lakh rupee loan; 3% subsidy on 12 lakh loan
- Rural poor: housing quota under PM Awas increased by 33%; 3% off on 2 lakh rupee loan
FARMERS
- Rabi sowing area increased by 6%; fertilizer offtake increased by 9%
- Govt will transfer some money into accounts of farmers; dist coop banks asked to give rebate for rabi loans
- 20,000 cr more for NABARD to give subsidized loans, govt will compensate NABARD
- 3 crore kisan credit cards to be converted to RuPAy cards in next 3 months.
MSME
- Small industries credit guarantee increased from 1 cr to 2 crore. Govt will provide guarantee when banks lend to small industries. NBFCs also included in this scheme
- Cash credit limit raised for small industries from 20% to 30%
- Working capital limit for small industries raised from 20% to 30%
- For small industries with turnover of 2 crore, interest rate rebate to 6% from 8%
WOMEN
- Maternity benefit for rural pregnant women to be 6000 rs deposited in their accounts (for registration, immunization, nutrition)
SENIOR CITIZENS
- For money of upto 7.7 lakh a lock in of interest rate for 10 years @ 8%, payable monthly
Here are the three interesting points from his New Year Eve Address:
1. Modi took names of a range of Indian legends from Mahatama Gandhi to BR Ambedkar but he omitted the first PM Jawaharlal Nehru from his speech. Of course, Sangh icon Deendayal Updhyay found mention in his speech.
2. Modi quoted Allama Iqbal in his address: Kuch baat hai ki hasti mit ti nahin hamari. So did Mohan Bhagwat in his annual Vijayadashmi speech this year.
3. The trademark ‘Mitron’, the way the PM likes to address audiences, was missing in the speech. ‘Doston’ took its place.
