The Prime Minister highlighted the importance of creating economic policies to strengthen the rural economy.He said the vision of his government is to empower rural India by transforming villages into vibrant centres of growth and opportunity.”Our government’s intentions, policies and decisions are empowering rural India with new energy,” he said.He noted that through the PM Kisan Samman Nidhi, farmers have received approximately Rs 3 lakh crore in financial assistance.Noting that over the past 10 years, the amount of agricultural loans has increased by 3.5 times, he mentioned that now livestock and fish farmers are being provided with Kisan Credit Cards.In addition, more than 9,000 Farmer Producer Organizations (FPOs) in the country are receiving financial assistance.He further underlined that the government has consistently increased the MSP for several crops over the past 10 years.”When intentions are noble, the results are satisfying,” Modi said and added that the country is now reaping the benefits of the hard work done over the past 10 years.Citing a recent large-scale survey that revealed several important facts, the Prime Minister noted that compared to 2011, consumption in rural India has nearly tripled, indicating that people are spending more on their preferred items.He noted that previously, villagers had to spend more than 50 per cent of their income on food, but for the first time since independence, the expenditure on food in rural areas has fallen below 50 per cent, and are now spending on other desires and needs, improving their quality of life.Highlighting another significant finding from the survey, which revealed that the gap in consumption between urban and rural areas has decreased, the Prime Minister remarked that it was previously believed that urban individuals could spend more than those in villages, but continuous efforts have reduced this disparity.He noted that these achievements could have been realized during previous governments’ tenures, but for decades after independence, lakhs of villages were deprived of basic necessities.He pointed out that the majority of SC, ST, and OBC populations reside in villages and were neglected by previous governments.This led to migration from villages, increased poverty, and a widening gap between rural and urban areas.In his speech, Modi also mentioned a recent study by the State Bank of India, which revealed that rural poverty in India has decreased from approximately 26 per cent in 2012 to less than 5 per cent in 2024.In an apparent jibe at opposition parties, Modi said that while some people have been chanting slogans to eradicate poverty for decades, the country is now witnessing a real reduction in poverty.Speaking at the occasion, Finance Minister Nirmala Sitharaman said banks have undertaken saturation drive for 16 government schemes including Pradhan Mantri Jan Dhan Yojana, PM Mudra and PM SVANidhi.Celebrating Rural India’s entrepreneurial spirit and cultural heritage, the Grameen Bharat Mahotsav 2025 is being organised from January 4 to 9 with the theme ‘Building a Resilient Rural India for a ‘Viksit Bharat 2047’.The Mahotsav, through various discussions, workshops and masterclasses, aims to enhance rural infrastructure, create self-reliant economies, and foster innovation within rural communities.
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