PM holds an important meeting to review announcements made in his Red Fort speech
On Saturday, Prime Minister Narendra Modi reviewed the preparations for the implementation of two key announcements he had made in his Independence Day speech this year.
PM Modi on August 15 had announced ensuring affordable credit for poor and middle-class housing and providing solar power for households. He reviewed the preparedness for the implementation of these two announcements.
In his Independence Day speech, the Prime Minister said: “The weaker sections who live in the cities face a lot of problems. Middle-class families are dreaming of buying their own houses.
“We are coming up with a new scheme in the coming years that will benefit those families that live in cities but are living in rented houses, or slums, or chawls and unauthorized colonies.
“If they want to build their own houses, we will assist them with relief in interest rates and loans from banks that will help them save lakhs of rupees.
“If the income tax bracket for my middle-class families is raised from Rs.2 lakh to Rs.7 lakh, it benefits the salaried class, the middle class the most.”
[With Inputs from IANS]
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