Modi promises collateral-free loan, insurance, pension, credit card as he woos traders - India Post
18 April 2019 6:30 PM GMT
NEW DELHI: In a strong re-election pitch to the business community, Prime Minister Narendra Modi Friday promised collateral-free loan of up to Rs 50 lakh, Rs 10-lakh accidental insurance to GST-registered entities, credit card facility for traders, a pension scheme for small shopkeepers and a new retail policy. ...
- NEW DELHI: In a strong re-election pitch to the business community, Prime Minister Narendra Modi Friday promised collateral-free loan of up to Rs 50 lakh, Rs 10-lakh accidental insurance to GST-registered entities, credit card facility for traders, a pension scheme for small shopkeepers and a new retail policy.
- Addressing a traders' convention here, Modi said opposition Congress abused businessmen by calling all of them 'chor' (thieves), while the Father of the Nation Mahatma Gandhi used to take pride in hailing from the businessmen community of Baniya.
- The BJP government, he said, has stood by traders in thick and thin and will upon re-election set up a National Traders' Welfare Board to address their issues.
- "They called all businessmen chor (thieves)" without realising the contribution of the business community in the economy, he said.
- The prime minister said he has in the five years of the BJP-led NDA government at the Centre worked to simplify lives and businesses of traders by scraping 1,500 archaic laws, simplifying processes and providing easy credit.
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