PM Narendra Modi’s New Year Eve Demonetization Speech Details


Prime Minister Narendra Modi has addressed the nation on the New Year Eve Day regarding demonetization. The most awaited speech begun at 7.30 PM on December 31st 2016. The entire nation was eagerly waiting to hear the new decisions that are going to be made by the Prime Minister. 50 days are gone now after the demonetization of 500 and 1000 rupees note. December 31st 2016 is the dead line date for depositing 500 and 1000 Rs. Check out the complete points regarding demonetization made by Narendra Modi below.

PM Narendra Modi’s New Year Eve Speech Complete Points

Here are the complete quotes made by Narendra Modi during the New Year Eve Speech.

“the hardships that Indians have gone through in the last 50 days will be a burning example of sacrifice for generations to come”

“only 24 lakh people admit their income is above 10 lakh. Is this believable”

“Demonetization has made sure that money being used outside formal economy has been brought to formal economy”

“Under PM avaas yojana there will be 4% tax discount for loans up to 9 lakh and 3% tax discount on loans up to 12 lakhs”

“Govt of India will convert 3 crore Kisan credit cards to Rupay cards.This will help the farmers to have a better access to the money”

“Pregnant women will be given a Rs.6000 deposit in their bank accounts to take care of their initial medical needs”

“Senior citizens will be provided 8% interest on their deposits up to 7.5 lakh”

“Government to bear 60 days interest on farm loans taken from District Cooperative Central Bank & primary societies”

“No reason anymore for our country to lag behind; come, let’s rise beyond the clouds and work towards a bright future”

“Govt will provide 3% interest waiver on loans up to 2 lakhs for construction of houses in rural India”

“Banks have been asked to raise cash credit limit to small business to 25% from 20%”

About Demonetization New year eve speech

It has been 50 days since the PM of India declared the demonetization. A lot has happened in the last 50 days. It was on November 8, PM addressed the nation and declared ban of Rs.1000 and Rs.500 afterwards November 8. He also announced a 3-day ultimatum to make the transactions with the banned notes. He also asked the public to bear the difficulties for 50 days for the sake of the nation and its economic security. There has been massive turn-over to the economy in the last 50 days.


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