PM Modi gave the mantra, banks should distribute loans fiercely to these sectors for faster development, know full details

PM Modi gave the mantra, banks should distribute loans fiercely to these sectors for faster development, know full details

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new Delhi. Prime Minister Narendra Modi has given a mantra to achieve fast growth rate and bring the economy out of the pressure of epidemic-inflation. He said that the role of banks will be most important in rapid economic growth.

Appealing to the banks, Modi said, give as much financial help to the business related to rural areas as possible. Apart from this, a large number of loans also need to be given to projects, health infrastructure, space, exports and startups like zero carbon emissions. In a virtual event organized on the topic ‘financing for growth and aspirational economy’, Modi suggested early implementation of the provisions of Budget-2022.

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Rural sector will lead the entire economy
Modi said that banks should give immediate loans to the business related to organic farming. Apart from this, the rural sector will move forward by promoting business like beekeeping, warehousing, food processing and transportation of agricultural products. With the development of these areas, we can become champion players of the world. This simply means that the rural sector will lead the entire economy, if it is given better financial help.

Consumers need support
The Prime Minister said, startups, exports and new enterprises related to renewable energy need support. Banks will have to play a big role in taking these forward. This will not only help in propelling the Kovid-affected economy, but will also create lakhs of new jobs. The campaign of self-reliant India can be completed only on the basis of banks.

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This sector can prove to be a game changer
According to the Prime Minister, drones, if supported in the space and geospatial sectors, can prove to be a game changer. He said that why should we not dream of coming in top-3 countries of the world in these areas. Will our institutions not cooperate in fulfilling this ambition? We should help to increase the products of the villages and take them to the global market.

Tags: bank loan, Prime Minister Narendra Modi, rural economy

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