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Sanju Verma Profile picture
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28 Oct, 3 tweets, 3 min read
.@RahulGandhi has always lied&made wild allegations about this being a Suit Boot ki Sarkar,that only favours rich industrialists

Well,#PMSVANidhi scheme of @narendramodi gov,launched in May,has been a big success;It aims to provide collateral free loans to hawkers&street vendors
Street vendors suffered during #lockdown;#SVANidhi has made it possible for them to get affordable loans up to Rs10000;They don’t have to go&plead in front of officials&can easily get loans through a portal

While opposition only cries foul,@narendramodi has empowered the poorest
A large number of hawkers from Bihar too,benefitted from #SVANidhi;5 million+ street vendors whose enterprises were operational on or before 24March,will benefit; Scheme valid till March2022

Over 2.71 lakh loans were disbursed,from 3.70 lakh approved applications

#BiharWithNDA

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More from @Sanju_Verma_

Sanju Verma Profile picture
25 Oct
My Oped of 4300 words in @eOrganiser analyses post-2005, high growth era,with GSDP@ 11.3%, with the Jungle Raaj in Bihar,in the pre-2005 era,when GSDP was just 3.19%--I dissect Bihar's economic rise from a #Bimaru State,to being an over 7 lakh Cr economy

organiser.org/Encyc/2020/10/…
Length of intermediate lanes in Bihar was 1705 km till 2005;it rose to 5654km under NDA,with rapid progress in last few yrs,thx to @narendramodi 💪

Similarly 15 years ago,length of seven metre wide,double-lane State highway was 107km,which rose to 4429 km under #NDA
#BiharPolls
Both Central&State govts allotted Rs 2672Cr in past 3yrs for constructing road network of 1636 km&75 bridges in 5 extremist-hit districts of Bihar

Under #RJD,#Bihar was a den of Maoist led #Naxalism,but under #NDA,it has become an aspirational, growth centric State

#BiharPolls
Read 4 tweets
Sanju Verma Profile picture
13 Oct
One-time disbursement of Special #FestivalAdvance,to amount to Rs4000Cr

If given by all state govts,another 8000Cr is expected to be disbursed& employees can spend on any festival

Interest free advance of Rs 10000 under #SpecialFestivalAdvance,to be paid back in 10 instalments
Govt employees will get pre loaded #Rupay card of advance value&scheme will be available till March 31st 2021,for #FestivalAdvance scheme

For #LTCCashVoucher scheme,cost will be Rs 5675Cr for central govt employees who opt for it,leading to demand infusion of 19000Cr
#DemandPush
For PSUs&PSB employees who opt for #LTCCashVoucher,cost will be Rs1900Cr&demand infusion will be for 9000Cr

To avail of #LTCCashVoucher,you have to buy goods with #GST of 12% or more,via digital modes

With #COVID19 derailing travel plans,cash voucher in lieu of LTC,a good move
Read 5 tweets
Sanju Verma Profile picture
12 Oct
#RetailInflation in Sep@7.34%,Vs 6.69% in Aug,is due to rise in food price index which rose from 9.05% to 10.68%,MoM

Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
By Dec,#CPI should ease& inflationary pressure will abate,due to #BaseEffect& #Kharif arrivals

Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown

With INR@73.11/$ level,threat of imported inflation is minimal

#CoreInflation at sub 6%,bodes well
#economy
#IIP contraction in Aug at 8% Vs 10.8% in July,is driven by relatively better numbers from #Mining& #ConsumerNonDurables

After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪

#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
Read 5 tweets
Sanju Verma Profile picture
10 Oct
Banks have sanctioned Rs 1.87 lakh Cr,to 50.7 lakh units under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme,#ECLGS,of @narendramodi govt💪

Rs 1.36 lakh Cr has been disbursed to over 27 lakh units in #MSME sector,impacted by slowdown caused by #coronavirus pandemic
Ambit of scheme,expanded to include #MSMEs with turnover of up to Rs 250Cr&individuals for business purposes

As of 5thOct2020,Rs 17460Cr of loans to individuals have been sanctioned,of which 5939Cr has been disbursed

#ECLGS scheme is a big success
#EconomicRecovery #GreenShoots
As many as 33 stranded housing projects with investment of 4197Cr accorded final approval under #SWAMIH scheme

Special window for Affordable&Mid Income Housing Fund #SWAMIH,is working at fast pace to provide relief to 25048 homeowners
#EconomicRecoveryOnTrack #ECLGS #GreenShoots
Read 4 tweets
Sanju Verma Profile picture
9 Oct
#RBIPolicy's key highlights

Mood shifting from fear&despair,to hope

Rural economy is resilient

20000Cr OMO slated for 15thOct

RBI to conduct Rs 1 lakhCr #TLTRO,to further augment liquidity

Inflation to ease from Q4
GDP to enter +ve territory from Q4

#Dovish Policy,overall👍
Ample liquidity prevented RBI from reducing #REPO,which has been retained at 4%

Also,inflationary pressures,prevented any further reduction in rates,at this stage

@narendramodi govt completed its 1st half borrowing for FY21 at only 5.82%,lowest in 16 yrs,which is great news💪
Two takeaways from what RBI Governor said&that merit more attention,are

Risk weights will be assigned to all #HomeLoans henceforth,in relation to loan to value ratio,to de-risk home loans

Market operations to be allowed for State Development Loans,#SDLs,to ease States' finances
Read 4 tweets
Sanju Verma Profile picture
7 Oct
As @narendramodi ji completes 20 remarkable yrs of being at the helm,it is time to re-plug my book #TruthandDare,which captures everything--from the #Gujarat model of development,which saw 15% growth in 2005-06,to new age #Modinomics,which has lifted over 75mn people from poverty
Price of #NaturalGas will be determined by market forces,to increase affordability👇

It will debottleneck E&P sector& make e-bidding,competitive &transparent

Will reduce demand-supply anomalies&imports

Bridge Trade deficit in Oil&gas

#CabinetDecisions by @narendramodi govt💪
Another decision by @narendramodi gov is the approval for 16.6km Kolkata East West rail corridor,that will connect Howrah on West Bank of Hoogly river,with Salt Lake City on East bank

Total project cost,8575Cr;will boost mass transit system&be ready by Dec2021
#CabinetDecisions
Read 8 tweets

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