PM created disruption in India through demonetisation drive: Lalu Yadav

Rashtriya Janata Dal (RJD) supremo Lalu Prasad Yadav on Sunday accused Prime Minister Narendra Modi of causing disruption across the nation post demonetisation.

"He is behind all the disruptions in the country. Without even thinking, he brought anarchy. He is governing the nation and he is the reason behind all the trouble that is taking place post demonetisation," Lalu told ANI.

Lalu said that the address made by prime minister through his national address was very disappointing.

On Saturday Prime Minister Modi announced several post demonetisation sops for the poor, middle class, pregnant women, senior citizens and farmers in a televised address to the nation.

He said that two new middle income categories have been created under the Pradhan Mantri Awas Yojana in urban areas; loans of up to nine lakh rupees taken in 2017, will receive interest subvention of four per cent and loans of up to 12 lakh rupees taken in 2017, will receive a interest subvention of three per cent.

Thanking bank officials for working hard during demonetisation process, Prime Minister Modi said the decision will force the corrupt and black money hoarders to come into the economic mainstream.

The Prime Minister also said had former prime minister Lal Bahadur Shastri, and legendary freedom fighter K. Kamraj and socialist Jayaprakash Narayan been alive, they would have welcomed the government's decision to scrap Rs. 500 and Rs. 1,000 notes and blessed the nation's citizens for their stoic and courageous approach and support for the decision.

"Economists have a consensus that cash should be in mainstream of economy. If Shastri, Kamaraj or other great leaders were alive, they would have blessed us. Citizens want to be back in the economic mainstream," he said.

He also said strong measures would be taken against bank officials who have been working in hand and gloves against unscrupulous persons in converting the black money into white.