Prime Minister Narendra Modi spoke at length about the long-term benefits of his government’s demonetisation move at a rally in Moradabad in poll-bound Uttar Pradesh. While listing out the benefits of the November 8 decision to demonetise high currency notes of ₹ 500 and ₹ 1000, he also cautioned the poor about the misuse of their Jan Dhan accounts.
“Today those who have stashed black money are queuing up outside the house of poor people, asking for their help. But I want to tell poor people in whose account money has been deposited, don’t touch that money, if they insist on asking for money, ask for proof. I am finding ways to put behind bars those guilty of stashing their black money into the Jan Dhan accounts of the poor,” threatened the Prime Minister.
PM Modi was referring to reports large sums of money, even up to ₹ 49,000, being deposited in Jan Dhan accounts which until November 8 had only a paltry sum of few rupees.
While acknowledging the inconveniences that the people had to face after demonetisation, the Pime Minister again reiterated that the inconvenience was only for a limited period of time and it was necessary to wipe out black money from the economy.
“We had to stand in queue to buy sugar. We had to stand in queue to buy kerosene. We had to stand in queue to buy wheat. Thanks to those who ruled for 60 years, this country was wasting away in queues. What I have done is to start a queue to end all queues,” said PM Modi while taking pot shots at the previous Congress governments who were allegedly insensitive to the needs of the poor in the country.
He again urged the crowds to start using mobile wallets and go cash-less as much as possible.
“You have a phone, then your phone is your wallet. You don’t need to withdraw money from ATMs. You can buy what you want from the money in your account through your phones,” assured the Prime Minister.
PM Modi also wooed the voters to say that he did not contest the Lok Sabha election from UP just to win, but to eradicate the state of poverty. He stressed on his government’s mission to carry out development across India and eradicate poverty.