PM Modi addresses a public meeting in Fatehpur, Uttar Pradesh

Published By : Admin | February 17, 2022 | 16:07 IST
The people of Uttar Pradesh are determined to hold colourful celebrations of victory on 10th March, ahead of Holi: PM Modi in Fatehpur
PM Modi says UP all set to bless BJP again, slams ‘Parivarwadis’ for questioning vaccine drive
BJP's Double Engine Sarkar has given free ration to the poor for the last two years. Even big countries in the world could not make such arrangements for their citizens: PM Modi

Addressing an election rally in Uttar Pradesh’s Fatehpur to campaign for the BJP for the upcoming state polls, Prime Minister Narendra Modi said, “I am coming from Punjab. The mood in Punjab is to vote for BJP. Every phase of UP polls is voting for BJP. The people of Uttar Pradesh are determined to hold colourful celebrations of victory on 10th March, ahead of Holi.”

Slamming the opposition for creating vaccine hesitancy, PM Modi remarked, “'Parivarwadi' are calling COVID19 vaccines 'BJP ka Teeka'. Two kinds of people are scared of the vaccine - one is coronavirus and the other are those opposing the vaccines. These people have problem with Modi, Yogi and the vaccine.”

He further alleged, “During my first address from the Red Fort as the Prime Minister, I spoke about building toilets for the women in the villages. The opponents mocked this noble cause as they could never understand the pain of poor mothers and sisters. These people even opposed banning of triple talaq. Should I not think of the welfare of women of the country? Parivarwadi's are scared that their vote bank is vanishing as Modi is providing facilities like health schemes, houses, toilets etc. to the poor.”

During the rally, PM Modi remarked, “Bundelkhand is famous for its toys, for its rich tradition of handloom-handicrafts. The handicrafts of our tribal sisters and brothers are the best in the whole world. Special scheme has been started to promote artisans. Leaders of the opposition don’t like to endorse the ‘Vocal for Local’ mission as they think if the poor, dalits, backwards, tribals of the country will flourish then their vote-bank politics will end.”

Talking about farmers’ welfare, PM Modi said, “For decades, lakhs of farmers of Bundelkhand have been demanding to link Ken-Betwa and the double engine government has taken the initiative to complete this work. Water will reach the fields of Bundelkhand at a cost of more than 44 thousand crores.” PM Modi also warned that if ‘Parivarwadis’ come to power, they will stand as a hindrance in front of the Ken-Betwa link project.

“This entire area is very famous for many such agricultural products like Fatehpur's Chilli, Jhansi's Tulsi, Mahoba's Deshavari Paan. Especially for small farmers, such crops mean a lot. But what did opposition do for these crops, for small farmers? Today we are making new arrangements for the farmers – Beej Se Bazar Tak. We are sending thousands of rupees directly to the bank account of the farmers,” stated PM Modi while addressing a rally in Fatehpur.

Speaking further on politics over water, PM Modi iterated that the opposition has betrayed the trust of people for years whereas under the Double Engine Sarkar, water has reached the homes of lakhs in UP within two years.

“BJP's Double Engine Sarkar has given free ration to the poor for the last two years. Even big countries in the world could not make such arrangements for their citizens. Even the rich and prosperous countries could not do the work that India has done,” he added.

 

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Cabinet approves equity support to Small Industries Development Bank of India
January 21, 2026
Flow of credit to MSMEs will increase as SIDBI will be able to generate additional resources at competitive rates
Approximately 25.74 lakh new MSME beneficiaries will be added

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the equity support of Rs.5,000 crore to Small Industries Development Bank of India (SIDBI).

The equity capital of Rs.5000 crore shall be infused into SIDBI by the Department of Financial Services (DFS) in three tranches of Rs.3,000 crore in Financial year 2025-26 at the book value of Rs.568.65/- as on 31.03.2025 and Rs.1,000 crore each in Financial Year 2026-27 and Financial year 2027-28 at the book value as on 31st March of the respective previous financial year.

Impact:

Post equity capital infusion of Rs.5000 crore, number of MSMEs to be provided financial assistance is expected to increase from 76.26 lakh at the end of Financial Year 2025 to 102 lakhs (approximately 25.74 lakh new MSME beneficiaries will be added) by the end of Financial Year 2028. As per latest data (as on 30.09.2025) available from official website of M/o MSME, 30.16 crore employment is generated by 6.90 crore MSMEs (i.e. employment generation of 4.37 persons per MSME). Considering this average, employment generation is estimated to be 1.12 crore with the expected addition of 25.74 lakh new MSME beneficiaries by the end of Financial Year 2027-28.

Background:

With a focus on directed credit and anticipated growth in that portfolio over the next five years, the risk-weighted assets on SIDBI’s balance sheet are expected to rise significantly. This increase will necessitate higher capital to sustain the same level of Capital to Risk-weighted Assets Ratio (CRAR). The digital and digitally-enabled collateral-free credit products being developed by SIDBI, aimed at boosting credit flow, along with the venture debt being offered to start-ups, will further escalate the risk-weighted assets, requiring even more capital to meet healthy CRAR.

A healthy CRAR, well above the mandated level, is a key to protect credit rating. SIDBI will benefit from an infusion of additional share capital by maintaining a healthy CRAR. This infusion of additional capital would enable SIDBI to generate resources at fair interest rates, thereby increasing the flow of credit to Micro, Small & Medium Enterprises (MSMEs) at competitive cost. The proposed equity infusion in staggered or phased manner will enable SIDBI to maintain CRAR above 10.50% under high stress scenario and above 14.50% under Pillar 1 and Pillar 2 over next three years.