New Delhi – In his speech on the occasion of India’s 78th Independence Day, Prime Minister Narendra Modi said that when it comes to reforms, if I go into its discussion, it will probably take hours. But I want to give a small example. The reform that happened in the banking sector. Just think – what was the condition of the banking sector, there was no development, no expansion, no increase in trust. Not only this, due to the kind of activities that were going on, our banks were going through crises. We did many reforms to strengthen the banking sector. And today due to that, our banks have made their place among the few strong banks in the world. And when the bank is strong, then the strength of the formal economy also increases. When the banking system is formed, when the requirements of the common poor, especially the middle class family, the banking sector has the biggest strength to fulfill them. If he needs a home loan, he needs a vehicle loan, my farmer needs a loan for a tractor, my youth needs a loan for start-ups, sometimes my youth needs a loan for education, someone needs a loan to go abroad. All these things are possible through it.
