Senior citizens to get 8% interest for 10 yrs on up to 7.5 lakh deposited in banks

December 31, 2016 20:18

Major post-demonetisation announcements by the PM:

- The government to stand guarantee for loans up to Rs 2 crore from current Rs 1 crore, to small businesses.

- Banks have been asked to raise cash credit limit to small business to 25 per cent from 20 per cent.

- Rs 6,000 assistance will be provided to pregnant women; the assistance money will be transferred to their account.

- For senior citizens, 8 per cent interest rates on up to rs 7.5 lakh deposited in their bank accounts will be secured for 10 years.

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