PM Modi announces schemes and sops on New Year's eve: All you need to know

In a New Year eve address that sounded more like a budget speech, PM Modi announced interest subvention on housing for the urban and rural poor, provided enhanced credit guarantees to small traders and MSMEs, gave a 60-day interest waiver on select farm loans, and ensured higher interest earnings for senior citizens. He also directed cash-rich banks to go out of the way to help the not-so-privileged.


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