Lagatar24 Desk
New Desk, Dec 12: Prime Minister Narendra Modi on Sunday addressed the ‘Depositors First: Guaranteed Time Bound Deposit Insurance Payment up to Rs 5 lakh’ program.
While addressing the program he said that the middle and poor class have time and again suffered from the banking crisis, but present India is determined on resolving these problems. He also said that the BJP-led central government has enhanced financing system and has introduced various reforms in the last 7 years to benefit the poor and middle-class individuals.
“For years, the attitude of slipping the problems under the carpet was prevalent in our country. But today’s New India focuses on resolving the problems, not delaying their resolution,” said PM Narendra Modi while addressing depositors in a bank deposit insurance event in Delhi.
#WATCH | When I was CM, I repeatedly requested Centre to increase bank deposit insurance cover to Rs 5 lakhs from Rs 1 lakh but to no avail. So people sent me here to do it: PM Modi at an event on 'Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 Lakh' pic.twitter.com/GoEE34Jy2r
— ANI (@ANI) December 12, 2021
“Today is an important day for the banking sector and account holders. Today symbolizes the fact that the government has always kept the Depositors First. Depositors First, the name of this programe reflects our priority and responsibility towards them and their needs,” he added.
Union Finance Minister Nirmala Sitaraman and RBI Governor Shaktikanta Das were also present at the event.
