- Happy that RBI has taken a number of steps keeping the common person in mind.
- Schemes being launched today will help the investment culture and make it easier for retail investors to invest.
- Retail investors can buy government bonds via retail direct scheme rather than go via vehicles like mutual funds.
- All investment can now happen online via the mobile phone.
- In turn, government will be able to draw longer term funds for infrastructure development.
- The government has taken a number of steps to strengthen the banking sector.
- The problem of bad loans has been dealt with decisively.
- Resolution, recovery and recapitalisation has been prioritised.
- Governance in public sector banks has been strengthened.
- Co-operative banks too have been strengthened
Source: PM Speech At Launch
