Only 24 Lakh People Accept They Earn More Than Rs 10 Lakh Per Year: PM Modi

Prime Minister Narendra Modi is addressing the nation a day after the 50-day deadline to deposit old Rs 500 and Rs 1,000 notes ended. 

Here are the highlights: 

• Indians have shown patience, sacrifice to fight black money
• Government focusing on normalising banking operations, especially in rural areas
• Only 24 lakh people in India accept that they earn more than Rs 10 lakh per year
• In next three months, 3 crore Kisan credit cards will be made Rupay cards
• Small traders to get loans up to Rs 2 crore under credit guarantee from central government
• Banks have been asked to raise cash credit limit to 25 per cent from 20 per cent for small traders
• People living in rural areas will get 3 per cent rebate on interest rate on loans up to Rs 2 lakh for building or renovating home
• Small traders to get loans up to Rs 2 crore under credit guarantee from central government