11 Things to Expect from PM Modi’s New Year’s Eve Address

Speculations about whether Narendra Modi would be able to provide relief to the demonetisaion-hit country are rife.

Despite the festive cheer on New Year’s Eve, everyone is waiting eagerly to hear Prime Minister Narendra Modi’s address to the nation on 31 December. It is being speculated that Modi will present a new course of action following the 31 December deadline for depositing demonetised currency.

Everyone is also waiting to see if the Prime Minister would be able to provide some solution or relief to the country struggling in the aftermath of demonetisation.

Here is our two pence of what you can we expect from the PM’s address that has firmly overshadowed the New Year’s Eve cheer.

1. Increased credit limit for farmers with bona fide bank accounts.
2. A moratorium of one year or more for repayments of these loans.
3. All Jan Dhan account holders to be given credit cards with a limit of Rs 10,000.
4. Confiscation of ‘benami’ or undisclosed property and its auction proceeds to go to the Garib Kalyan scheme.
5. A roadmap for ‘Dharmyudh’-2, the fight against corruption.
6. Increase in the credit limit of shopkeepers along with the condition of smooth transactions with banks.
7. Providing new jobs in accordance with the digital push.
8. Special plan to promote services related to the Aadhar card.
9. Special facilities for girls’ bank accounts.
10. A year’s supply of free gas cylinders for Below Poverty Line households.
11. An income transfer scheme for about 100 million families with financially weak backgrounds in both rural and urban areas.

(With inputs from Business Standard.)