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Inspired by ideals of Gandhi ji & Sardar Patel, we are working for welfare of people of this country: PM
My dream is that every poor of this country should have roof over his head by 2022: PM Modi
We have brought the Soil Health Card. We are training our farmers with scientific methods of farming: PM
Our Government would take every step that uplifts poor & underprivileged: PM
Police stations are functioning like SP offices, criminals are committing crimes sitting in jails: PM Modi
It is time to free Uttar Pradesh from misrule of SP, BSP & Congress: PM Modi

Prime Minister Narendra Modi addressed a huge public meeting in Khushipur, Uttar Pradesh. During his address Shri Modi started his address by remembering Shri Lal Bahadur Shastri. “Fortunate that I was raised on the land where Mahatma Gandhi and Sardar Patel were born”, he said. “Inspired by ideals of Gandhi ji & Sardar Patel, we are working for welfare of people of this country, he further added. 

PM Modi remarked that poor have a right to roof over their heads and the Government at the centre is committed to achieve this dream. “My dream is that every poor of this country should have roof over his head by 2002,” said PM Modi.

PM talked about the welfare of farmers and the various schemes the government has launched benefiting the farmers. He spoke about, soil health card scheme, irrigation, neem-coating of urea and Pradhan Mantri Fasal Bima Yojana and said these are aimed at benefiting farmers. “We have brought the Soil Health Card. We are training our farmers with scientific methods of farming,” he added. “UP government is anti-farmer. Why is it that farmers don't benefit from the Fasal Bima Yojana? Why they don't help farmers in distress.,” he further added. 

Shri Modi opined that we want to work for the empowerment of poor and said, “Being raised in a poor family, am aware of the hardships they face. We would take every step that uplifts them,” he added. Shri Modi said that his government wants rural India to be smoke-free. We want them to have access to clean fuel. We have provided 55 lakh LPG connections in Uttar Pradesh so far said PM Modi. “We want poor households to have access to clean fuel. We aim to provide 5 crore families with LPG connections in 3 years,” he said. 

Shri Modi further mentioned that govt has eliminated interviews for jobs for grade 3 & 4 to reduce corruption, We eliminated interview processes for class 3, 4 jobs. This reduced corruption. “We asked Uttar Pradesh govt to implement it, but they did not,” said PM Modi. PM attacked the Samajwadi Government and said that the state government encouraging corruption and discrimination in the state. 

PM Modi questioned the present SP government about the law and order situation in the state.  He said the women in UP do not feel safe. He remarked that the women are scared to come out of their houses alone even during the daytime. He added, "Law and order situation is improper in UP and the state government is not doing anything to improve it. Police stations are functioning like SP offices, criminals are committing crimes sitting in jails."

Shri Modi urged people to Vote for BJP and change the government for development of Uttar Pradesh. “It is time to free Uttar Pradesh from misrule of SP, BSP & Congress. It is time to think about welfare of our youth so they prosper,” concluded PM Modi. 

Several party karyakartas were also present at the public meeting.

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20 ஆண்டுகள் சேவை மற்றும் அர்ப்பணிப்பை வரையறுக்கும் 20 படங்கள்
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’பரவாயில்லை இருக்கட்டும்’ என்ற மனப்பான்மையை விட்டு விட்டு “ மாற்றம் கொண்டு வரலாம்” என்று சிந்திக்கும் நேரம் இப்போது வந்து விட்டது : பிரதமர் மோடி

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’பரவாயில்லை இருக்கட்டும்’ என்ற மனப்பான்மையை விட்டு விட்டு “ மாற்றம் கொண்டு வரலாம்” என்று சிந்திக்கும் நேரம் இப்போது வந்து விட்டது : பிரதமர் மோடி
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It is time to convert fintech initiatives into a fintech revolution: PM Modi
December 03, 2021
பகிர்ந்து
 
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“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!