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NDA saved over Rs 1 lakh crore in taxpayers’ money as compared to UPA, says PM Modi

NDA saved over Rs 1 lakh crore in taxpayers’ money as compared to UPA, says PM Modi

NDA saved over Rs 1 lakh crore in taxpayers’ money as compared to UPA, says PM Modi
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By CNBC-TV18 Feb 26, 2019 9:32:39 AM IST (Published)

At the News18 Network's Rising India Summit on Monday, Modi said, "We have weeded out eight crore fake bank accounts and saved Rs 1 lakh 10 thousand crore that earlier went to middlemen and to people who were not beneficiaries. All of this leakage has been plugged by our government."

Prime Minister Narendra Modi brought to light the gaps in the financial policies of the UPA government by saying that the BJP-led government pinpointed eight crore fake bank accounts and saved taxpayers’ money worth Rs 1.10 lakh crore, which was going to middlemen and those who are not beneficiaries.

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At the News18 Network's Rising India Summit on Monday, Modi said, "We have weeded out eight crore fake bank accounts and saved Rs 1.10 lakh crore that earlier went to middlemen and to people who were not beneficiaries. All of this leakage has been plugged by our government."
According to the latest numbers, the cumulative savings on account of Direct Benefit Transfer schemes, is Rs 1,09,983 crore as on December 31 from Rs 90,000 crore on March 31, 2018, indicating that savings of around Rs 20,000 crore have been made this fiscal.
"When we started Jan Dhan Yojana four years ago, we were made fun of. They said, by opening bank accounts of the poor, what are you planning? Some also said that those who do not have money to eat, what will they do with bank accounts? This is the reason why even after so many years of freedom, more than half the population did not have bank accounts. We opened their accounts and linked with Aadahar cards," Modi said.
Around 437 schemes at the last count under the DBT umbrella , the financial year has already touched Rs 2,32,100 crore this so far, compared to Rs 1,91,000 crore in the last financial year.
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