Following is the list of sops that Prime Minister Narendra Modi announced during his speech on the eve of the New Year.
* Banks should work for benefit of poor, lower and middle classes
* Two new schemes under PM Awaas Yojna. Home loans for poor and middle class people upto Rs 9 lakh will get 4 per cent exemption on interest and 3 per cent upto Rs 12 lakh
* Sixty days interest waiver for farm loans taken from from district co-operative banks and co-operative societies
* Eight per cent interest up to Rs 7.5 lakh deposit by senior citizens in banks has been assured
* Credit guarantee for Micro Small and Medium Enterprises to be raised to Rs 2 crore from current Rs 1 crore
* Pregnant women across India will be given Rs 6,000 in their bank accounts to take care of initial medical needs
* Government will convert 3 crore Kisan Credit cards to RUpay Credit cards
* Banks have been asked to raise cash credit limit for small businesses to 25 per cent from 20 per cent
--IANS
ag-and/hs/vm
Disclaimer: No Business Standard Journalist was involved in creation of this content