PM Modi attacks Mamata Banerjee over demonetisation: ‘Those who looted poor’s chit fund money are raising finger at me’

"Poor’s chit fund money was looted ….A lot of people had invested their money in chit funds and many of them had lost their lives because of that. These people are raising fingers on me today," said Modi.

By: Express Web Desk | New Delhi | Updated: November 24, 2016 1:22 pm
modi, narendra modi, demonetisation, agra, agra rally, pm modi in agra, mamata banerjee, modi attacks mamata, modi demonetisation Prime Minister Narendra Modi during a rally in Agra

Prime Minister Narendra Modi on Sunday attacked Mamata Banerjee for opposing government’s demonetisation move saying those who looted poor people with chit fund scam are doubting government’s intention. Addressing a rally in Agra after launching the Pradhan Mantri Gramin Awas Yojna, Modi said,”I know what sort of people are raising their voice against me? Does the country not know whose money was invested in chit fund business? Lakhs and crores of poor people invested money in chit funds. But with the blessings of politicians, crores and crores of rupees have vanished.”

“Due to chit fund loss, hundreds of head of families were forced to commit suicide. Look at history and they are raising fingers at me,” he said in barbs aimed apparently at Banerjee, who had been rallying political leaders against the demonetisation decision.

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Modi also cautioned people holding Jan Dhan accounts not to allow themselves to be used for laundering the money of the rich by depositing their ill-gotten wealth as they could unnecessarily get into problems with law.

Modi also said that lakhs of crores of rupees have been deposited in banks since November 8 after the move to demonetise the Rs 500 and Rs 1,000 currency notes was announced. “5 lakh crore deposited in banks since demonetisation… this has been done to change the fortunes of the youth, and for the betterment of the poor,” said the prime minister.

Read: Highlights of PM Modi’s Agra rally

The prime minister acknowledged that the country was reeling under hardships because of liquidity crunch due to demonetisation. “I had said that inconvenience is going to happen, but I want to commend the people who,despite all that, people are supporting it. I can assure you all that your sacrifice won’t go in vain,” he said adding, “Now corrupt are paying bills on times. I will review note ban and make changes.”

Read: Every Indian will have house by 2022: PM Modi

Modi said the country will emerge victorious after demonetisation that was a “test by fire”. “As I said on the very first day when I announced the decision, it is a time-consuming process. It will cause inconvenience and a little hardship but, I believe, the nation will come out victorious from this test by fire,” said Modi.

He said his government has been flexible in implementing the demonetisation decision and effected alterations as the need arose. “I have asked for 50 days. It’s been just 10 days and over 5,000 crore rupees have already been deposited in banks… the banks will infuse this money in the markets,” he added.

Modi said he did not take the demonetisation decision to trouble anyone but for the good of the coming generations.