Hailing the slew of pro-poor and pro-farmer incentives announced by the Prime Minister Narendra Modi on New Year eve, the Punjab Chief Minister Mr. Parkash Singh Badal today said that these steps would give the much needed impetus to the economy besides ensuring the well being of all.In a statement issued here, the Chief Minister lauded Mr. Modi for taking these historic decisions, which were the need of the hour. He said that the dynamic and visionary leadership of Mr. Modi was proving as a boon for the entire country as for the first time in the history of Indian democracy, any Prime Minister has taken such decisions which were directed towards the welfare of every strata of society. Mr. Badal said that Prime Minister has proved that he was man of actions, who was fully dedicated for the development of the country and prosperity of people.The Chief Minister said that the initiatives of Mr. Modi aimed at enhancing the scope of Financial reforms to usher in an era of clean economy were a revolutionary step, which would be very helpful in progress and growth of the country.
He said that 60 days’ interest waiver for the farmers on loans taken from agriculture banks would give the much needed relief to the farming community, which was on the cross roads due to the wrong policies of the previous Congress governments. Likewise, Mr. Badal said that the decision of granting government guarantee for Rs 2 crore loan given to small business would be instrumental in giving boost to the economy. The Chief Minister said that the various slabs of interest waiver for Housing loans besides higher interest earning for the senior citizens would immensely benefit the common man. Extending fulsome support to Prime Minister on demonetization, he said that this move would prove very beneficial for the countrymen as this step has been taken in larger interest of the country. He said that after initial hiccups this scheme, which was the brain child of Prime Minister, would act as a catalyst to wipe out the parallel economy propelled by black money and corruption from country besides several other social maladies.