Financial inclusion is our core focus, says PM Modi

RSTV Bureau

 

New Delhi: Prime Minister Narendra Modi lighting the lamp  to inaugurate the National Conference of Dalit Entrepreneurs organised by DICCI in New Delhi on Tuesday, Dec 29, 2015. Union Minister for Mines and Steel, Narendra Singh Tomar and other dignitaries are also seen. Photo (PTI)

New Delhi: Prime Minister Narendra Modi lighting the lamp to inaugurate the National Conference of Dalit Entrepreneurs organised by DICCI in New Delhi on Tuesday, Dec 29, 2015. Union Minister for Mines and Steel, Narendra Singh Tomar and other dignitaries are also seen. Photo (PTI)

On Tuesday, Prime Minister Narendra Modi spoke about the importance of financial inclusion while inaugurating a national conference of Scheduled Caste and Scheduled Tribe entrepreneurs in Delhi.

“Financial inclusion is at the core of our focus. We want to create job-creators, not job-seekers,” the PM assured the entrepreneurs at the event in the capital.

He also added that the Centre was working for the empowerment of people especially those belonging to backward classes.

“Our government is ‘aap ki sarkar’ (your government). We are working for your empowerment,” the PM said.

In his speech, PM Modi went on to specify that the banks had given loans worth Rs 50,000 crore to small entrepreneurs under the MUDRA Yojana.

“80,000 borrowers have benefited from the scheme under which more than Rs 50,000 crore worth of loans have been given primarily to SC, ST, OBCs and women entrepreneurs who are engaged in small business and provide jobs to about 14 crore persons,” he said.

The PM also added that the government had also set up a Rs 200 crore venture capital fund to help people of backward classes. It has so far given loan worth Rs 144 crore to 28 businesses belonging to the SC/ST community.

PM Narendra Modi hailed Babasaheb Ambedkar’s contributions, saying that he was not only the architect of the Indian Constitution but also an accomplished economist.

“Babasaheb rightly said that industrialisation will give maximum benefit to our dalit sisters and brothers,” Prime Minister Modi said at the event.

The PM assured the dalit entrepreneurs that the strength of a pyramid depends on its base and the people at the base need to be empowered so that they can strengthen the Indian economy. The success of members at the gathering today could inspire anyone who faces adversity, he added.

He also expressed hope that the number of dalit entrepreneurs would be able to double in next two years.

“This is possible because this is your government at the Centre,” the PM said.

The PM also presented five business excellence awards to the entrepreneurs at the event.

Social Justice and Empowerment Minister Thawar Chand Gehlot was also present at the event.

(With inputs from PTI)