During the Independence Day speech, Prime Minister Narendra Modi spoke about the issues related to the middle class and the steps the government is undertaking to give them a boost.
“Be it farmers or the salaried class, they form a large part of the country’s middle class. And people who have come from the middle class are making a name for themselves across the world. Doctors, engineers, lawyers, scientists from the middle class have made the country proud across the world. They can make miracles happen,” said PM Modi.
“They want opportunities and an open playing field. Our government is working towards helping the middle class achieve their dreams. The middle class can make miracles happen. Be it low cost internet or low cost smartphone or cheap airfare or highways — all these will give a boost to the strength of the middle class,” PM Modi said.
“If you have noticed, any person who emerges from poverty and enters the middle class section, they always dream of owning a house. They want an equal life. For the first time the EMI of a home loan is getting a rebate of up to Rs 6 lakh during the payment period. Last year, a fund of Rs 25,000 crore was established to complete thousands of incomplete houses,” he said during the speech.
“Joining cooperative banks with RBI will secure the earnings of the middle class. The hard-working middle class households will reap the benefits of the reforms of MSME and agriculture sectors,” he added.