Financial inclusion greatest success of Modi govt: Parrikar

Image
Press Trust of India Bhubaneswar
Last Updated : Jun 26 2016 | 8:28 PM IST
Drawing a parallel between former prime minister Lal Bahadur Shastri and the incumbent Narendra Modi, Defence Minister Manohar Parrikar today said financial inclusion is the biggest success of the NDA government at the Centre.
"There are several successes of the Modi government in the last two years. But the financial inclusion is the greatest success. As many as 21.7 bank accounts were opened within five-six months with zero balance. 70 per cent of them have already deposited Rs 37,700 crore in banks," Parrikar told reporters here.
He was on Odisha trip to attend BJP's Vikash Ustav on completion of two years of the NDA government in Cuttack.
"Like Shastriji, Modiji had appealed to well-to-do families to give up gas subsidy for the sake of the country's poor. The response to the appeal was unprecedented. As many as 1.20 crore people have given up gas subsidy. Many poor families now get benefits from the Ujjwala scheme," Parrikar said.
Stating that Shastri in 1965 had made an appeal to people to fast for one day to overcome the food scarcity problem, Parrikar said, "About five lakh women have been given cooking gas. This apart, the government has been successful in detecting 3.5 crore bogus cards and therefore, saved subsidy."
Quoting former prime minister Rajiv Gandhi, the defence minister said only 15 per cent of the benefits were earlier reaching people. Now after direct transfer of cash to beneficiaries, people are getting full advantage, he added.
"This is the success of the NDA government," he said.
Parrikar claimed that the people have availed Rs 63,000 crore under 59 different schemes of the central government.
Parrikar also claimed that Modi is the first Prime Minister who has come out to give account of his government to people after completion of two years in office.
He recalled how Indian democracy was "in danger" when the then prime minister Indira Gandhi imposed Emergency in 1975.
"The people of India reinstalled democracy in the country by defeating the Congress," he said, adding that those were black days in the history of the country.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 26 2016 | 8:28 PM IST

Next Story