Saturday, December 31, 2016

HIGHLIGHTS OF PM ADDRESS TO NATION 31.12.2016

HIGHLIGHTS OF PM ADDRESS TO NATION 31.12.2016
Interest subvention of 4% for house loan upto Rs 9 lakh and 3% for loan upto 12 Lakh in urban area under Pardhan Mantri Aawas Yojana
3% interest waiver on loan up to Rs 2 lakh for construction of houses in rural India
Govt to pay interest for 60 days on loans taken by farmers for rabi season from district cooperative banks and primary societies
3 crore Kissan credit card will be converted in to Rupay cards
NABARD shall release Rs 20000 crore to co operative banks.
Credit guarantee scheme for loans up to 2 crore for MSME sector.
Increased working capital loan limits
Rs 6,000 to be put into accounts of pregnant women in 650 districts for vaccination and other medical use
For senior citizens Monthly Income scheme shall be started ,Maximum Investment limit 7.50 lakh Interest Rate =8% period 10 years

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