Prime Minister Modi at IDFC Bank Launch

With aim to support villagers in risky time, Prime Minister Modi launches IDFC Bank. Modi ji launched this bank with a aim to give potential growth to villagers they will get some support in there risky time. This is a good initiative by central government for helping farmers and villagers to educate, employed and to support in there bad times. A country can fight with price rise only when the base ground i.e villages of the country are strong and highly developed to support in the financial crisis of the country and moreover can fulfill the requirement by supplying good agriculture support. 

PMO Tweets

We have never fully understood the potential of our villages. Our villages can be great growth centres: PM https://t.co/6ZHKdWtWuJ

— PMO India (@PMOIndia) October 19, 2015

Here are few points the Prime Minister highlighted:

1. We have never fully understood the potential of our villages. Our villages can be great growth centres.
2. Banking sector is seeing changes. Mobile banking is coming up.
3. We are starting this from Madhya Pradesh & that too an area with many tribal communities.
4. We have decided to bring improvements in the appointments at the top levels of the banks. This improves efficiency.
5. Bad loans in the past few years is a problem but we can’t only cry about it. We are trying to solve this problem.