What's New



No. of views : (1231)

PM Modi promises to offer traders loans up to Rs. 50 Lakhs without any mortgage

...................................................................................................

Posted on : 20/Apr/2019 15:16:43



 
 
 
Prime Minister Narendra Modi has promised that in case BJP is voted back to power, traders would be offered loans up to Rs. 40 Lakhs without any mortgage/collateral.

PM was participating in a meeting organised by Traders’ Associations’ Federation. He informed that there was nothing wrong with the implementation of GST. In the course of time, GST taxing system will be simplified and streamlined.

During the last 5 years’ rule by BJP, the process of obtaining loans has been simplified for the traders. Immediate loans are being processed in the Mudhra Scheme.  The simplified process enables the release of loans to the traders up to Rs. 1 Crore in just 59 minutes!

PM Midi stated that the traders are the backbone of the economy. The traders were not given their due at earlier times. However, over the last 5 years of BJP government under him, the lifeline of the traders is at an excellent level.

Once BJP is returned to power, a National Traders Welfare Board will be set up. The traders would be offered loans up to Rs. 50 Lakhs without any mortgage/collateral. Loan cards will also be given.

For the registered traders, ‘major-calamity insurance’ coverage of Rs. 10 Lakhs would be introduced. Further, a Welfare Board will be set up to process credit cards for traders and also arrange pension for the small traders

The Prime Minister mentioned that due to the initiatives taken by the central government, India had performed exceedingly well and advance by 65 places to the 77th place in the global list of countries rated for ease of doing business. Now, the target is to take the country within the top 50 countries in this list.