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Shri Modi addresses Panchayati Raj convention at Mahatma Mandir

Event part of 50 years celebrations of Panchayati Raj.

CM stresses on use of technology, urges Talati Mantris to become computer literate for the growth of the state 

Shri Modi says Panchayat Mantris are Chief Secretaries of their village. Rs. 1000 per month allowance for them announced

 

 

Gandhinagar, Sunday: Gujarat Chief Minister Mr. Narendra Modi today announced a nine times increase in the special allowance of gram Panchayat Mantris from Rs.100 to Rs.900 per month as incentive to their duty plus Rs.100 per month cash allowance for maintaining accounts, besides conveyance allowance applicable to government Talati Mantris .

Addressing the valedictory function of the state-level workshop of gram Panchayat Mantris at Mahatma Mandir to mark the golden jubilee of Panchayat Raj in Gujarat, he said that it was for the first time in the history of Gujarat that Panchayat talati Mantris assembled at a state-level function. Earlier, he said, they contributed their share in bringing water and soil at the time of construction of Mahatma Mandir.

Mr. Modi said that working of the Panchayat Mantris have improved a lot, visible in the cleanliness of the villages. They made possible outsourcing of the job, too. He described 6-lakh pairs of hand of the employees as the strength of Gujarat Government. They contributed to 4,000 days political stability in the state.

He exhorted the Panchayat Mantris to take up the cause of water management in each village the way legendary Lakha Vanjhara had single-handedly built hundreds of ‘vavs’ (step wells) in the state.

Mr. Modi said that creating new districts and talukas, introducing the concept of Apno Taluko Vibrant Taluko (ATVT) and doubling the number of ‘prants’ from 55 to 110 for decentralization of administration, activated the neglected anganwadis and sakhi mandalis to generate a new wave of energy down to the village level. The government has launched EMPOWER project to make talati-mantries computer savvy, besides e-Gram, Vishwa Gram, SWAGAT online through broadband connectivity.

He described each Panchayat Mantri as the chief secretary of the village as they should provide able administration in their jurisdiction, in consultation with village elders and cooperation of all.

Mr. Modi suggested that Panchayat Mantris could celebrate January 26, May 1 and Diwali for which government could consider allocating some funds, too.

Shri Modi stressed on the importance of technology and said that it is now indispensible for human life. He cited different computer based development programmes and schemes of the Gujarat Government such as broadband connectivity, E-Seva and getting information through the Internet at village Panchayats.

Panchayat Minister Narottam Patel said that Panchayat Raj’s golden jubilee is like a Mahakumbha. He said that villages played a major role in the state’s march from swaraj (self-rule) to surajya (good governance) with gram panchayats being at the centre of activity. He said that Gujarat Government has spent Rs.34,000-crore in the all round development of villages in the state during the last four years through samras gam, paavan gam, teerth gam and other schemes.

Minister of State for Health Parbat Patel said that Gujarat Government has undertaken chiranjivi yojna, ma amritam yojna, 108 ambulance for better healthcare of the people.

Prominent among those present on the occasion included Education Minister Ramanlal Vora, Ministers of State Jaysinh Chauhan and Mohanbhai Kundaria, Parliamentary Secretary Sundarsinh Chauhan, Deputy Whip Ambalal Rohit, MLAs, Chief Secretary A.K. Joti and Principal Panchayat Secretary R.M. Patel.

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It is time to convert fintech initiatives into a fintech revolution: PM Modi
December 03, 2021
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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!