Share
 
Comments
The results of the Assembly elections have made our resolve, to ensure progress for every group in Chhattisgarh, even stronger: PM Modi
Why is the Congress so bothered if the poor of this country are getting health benefits of 5 lakh rupees?: PM Modi
If someone has done no wrong, why would they be scared of investigations?: PM Modi
Nearly all the members of the ‘First Family’ of the Congress are being investigated in cases of serious crimes such as tax evasion and property scams: PM Modi
Nobody prefers ‘milawat,’ because not only is it bad for health but also bad for the country: PM Modi
No matter how much these ‘Maha-milawati’ groups come together, the Chowkidaar is going to stay alert of their corrupt actions: PM Modi

Prime Minister Narendra Modi addressed a public meeting in Raigarh, Chhattisgarh today.

The rally saw PM Modi describing the strong commitment of the BJP towards the state of Chhattisgarh, the state created by late Shri Atal Ji. He said, “Victory and Loss are part and parcel of life. However, the results of the Assembly elections have made our resolve, to ensure progress for every group in Chhattisgarh, even stronger.”

Lashing out at the Congress party for creating social progress of the people of Chhattisgarh by not letting them get the benefits of Ayushman Bharat Yojana, PM Modi asked, “Why is the Congress so bothered if the poor of this country are getting health benefits of 5 lakh rupees?” Continuing his attack on the Congress, Prime Minister Modi said, “Congress party not only misled poor people of this country in its 55-year rule but also destroyed their hopes and aspirations for a bright future; while in our 55-months rule, we have done quite the opposite. We have revived their hopes and aspirations and are continuously working towards empowering the poor and making them self-dependent.”

Reacting on the ruling Congress’ decision to ban the CBI from conducting investigations in Chhattisgarh, PM Modi said, “If someone has done no wrong, why would they be scared of investigations? Nearly all the members of the ‘First Family’ of the Congress are being investigated in cases of serious crimes such as tax evasion and property scams. Amidst all this, the Chowkidaar (PM Modi) remains alert of the Congress’ tactics to evade legal procedures and is trying to ascertain their secrets. Their close aides, who are corrupt middle-men are now being handed over to the investigating agencies.”

Reiterating his Lok Sabha statement about the ‘Mahagathbandhan’ as ‘Maha-milawat,’ PM Modi said, “No matter how much these ‘Maha-milawati’ groups come together, the Chowkidaar is going to stay alert of their corrupt actions. They have come together to form a weak government based on personal gains and compromises on crucial issues so that they can continue to loot the country as they have done before. However, nobody prefers ‘milawat,’ because not only is it bad for health but also bad for the country. Thus, I urge you all to remain vigilant and aware of these ‘Maha-milawati(s)’ and reject their divisive politics.”

Concluding his wide-ranging address at the rally, PM Modi highlighted how his government is building memorials and museums to pay tributes and to acknowledge the contributions made by popular tribal heroes from Chhattisgarh in driving their state and the country forward.

Click here to read full text speech

সেবা অমসুং সমর্পনগী চহি 20 তাক্লিবা ফোতো 20
Mann KI Baat Quiz
Explore More
It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi

Popular Speeches

It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi
India Inc raised $1.34 billion from foreign markets in October: RBI

Media Coverage

India Inc raised $1.34 billion from foreign markets in October: RBI
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
It is time to convert fintech initiatives into a fintech revolution: PM Modi
December 03, 2021
Share
 
Comments
“last year, in India, mobile payments exceeded ATM cash withdrawals for the first time”
“Transformational initiatives under Digital India have opened doors for innovative Fintech solutions to be applied in governance”
“Now it is time to convert these fintech initiatives into a fintech revolution. A revolution that helps to achieve financial empowerment of every single citizen of the country”
“Trust means that you need to ensure that the interests of people are secured. Fintech innovation will be incomplete without fintech security innovation”
“Our Digital Public Infrastructure solutions can improve the lives of citizens around the world”
“GIFT City is not merely a premise, it represents India. It represents India’s democratic values, demand, demography & diversity. It represents India’s openness to ideas, innovation & investment”
“Finance is the life blood of an economy and technology is its carrier . Both are equally important for achieving Antyodaya

Excellencies,

Distinguished colleagues,

My fellow citizens from the Tech and Finance world, Tens of thousands of Participants from over 70 countries,

Namaskar!

Friends,

I am delighted to inaugurate the first 'Infinity Forum' and welcome you all. 'Infinity Forum' represents the immense possibilities that Fintech has in India. It also shows the huge potential for India's Fintech to provide benefits to the entire world.

Friends,

The history of currency shows tremendous evolution. As humans evolved, so did the form of our transactions. From barter system to metals, from coins to notes, from cheques to cards, today we have reached here. Earlier developments used to take decades to spread across the world but not any more in this era of globalisation .Technology is bringing a big shift in the world of finance. Last year, in India, mobile payments exceeded ATM cash withdrawals for the first time. Fully digital banks, without any physical branch offices, are already a reality and may become common-place in less than a decade.

Friends,

India has proved to the world that it is second to none when it comes to adopting technology or innovating around it. Transformational initiatives under Digital India have opened doors for Fintech innovations to be applied in governance. Technology has also catalyzed financial inclusion. From less than 50% Indians having bank accounts in 2014, we have almost universalized it with 430 million Jan Dhan accounts in the last 7 years. So far, 690 million RuPay cards have been issued. RuPay cards clocked 1.3 billion transactions last year. UPI processed around 4.2 billion transactions in just last month.

Almost 300 million invoices are uploaded on the GST portal every month. More than 12 billion US dollars worth payment is done through the GST portal alone every month. Despite the pandemic, about 1.5 million railway tickets get booked online everyday. Last year, FASTag processed 1.3 billion seamless transactions. PM Svanidhi is enabling access to credit for small vendors across the country. e-RUPI has enabled targeted delivery of specified services without leakages; I can go on and on, but these are just a few examples of the scale & scope of Fintech in India.

Friends,

Financial inclusion is the driver of Fintech Revolution. Fintech is resting on 4 pillars; income, investments, insurance, and institutional credit. When income grows, investment becomes possible. Insurance coverage enables greater risk taking ability and investments. Institutional credit gives wings for expansion. And we have worked on each of these pillars. When all these factors come together, you suddenly find so many more people participating in the financial sector. The large base becomes the perfect springboard for Fintech innovations. Fintech industry in India is innovating to enhance access to finance and the formal credit system to every person in the country. Now it is time to convert these fintech initiatives into a fintech revolution. A revolution that helps to achieve financial empowerment of every single citizen of the country.

Friends,

As we see the widening reach of fintech, there are considerations that need attention. Fintech industry has achieved huge scale, and scale means people from all walks of life as customers. This fintech acceptability among the masses has a unique feature. That feature is trust. The common Indian has shown immense trust in our Fintech ecosystem by embracing digital payments and such technologies! This trust is a responsibility. Trust means that you need to ensure that the interests of people are secured. Fintech innovation will be incomplete without fintech security innovation.

Friends,

We believe in sharing our experiences and expertise with the world and learning from them as well. Our Digital Public Infrastructure solutions can improve the lives of people around the world. Tools like UPI and RuPay provide an unparalleled opportunity for every country. An opportunity to provide a low cost and reliable 'real time payment system' as well as a 'domestic card scheme' and 'fund remittance system'.

Friends,

GIFT City is not merely a premise, It represents the promise of India. It represents India's democratic values, demand, demography & diversity. It represents India's openness to ideas, innovation & investment. GIFT City is a gateway to the global fintech world. (IFSC) at GIFT City was born out of the vision that finance combined with technology would be an important part of India's future development. Our aim is to provide the best International Financial Services not just for India but for the World.

Friends,

Finance is the life blood of an economy and technology is its carrier. Both are equally important for achieving ''Antyodaya and Sarvodaya''. Our flagship Infinity Forum is part of our endeavor to bring together all key stakeholders of the global Fintech Industry to explore the limitless future of the industry. I remember the conversation I had with Mr Mike Bloomberg on this subject when we last met. And I thank the Bloomberg group for their support. Infinity forum is a forum of belief, belief in the spirit of innovation and the power of imagination. Belief in the energy of youth and their passion for change. Belief in making the world a better place. Let us together, explore and advance innovative ideas in Fintech to solve the most pressing issues emerging globally.

Thank You!