Print notes on Indian paper: Modi Photogallery

01 / 9

Prime Minister Narendra Modi took his 'Make in India' philosophy to Mint Street, exhorting the Reserve Bank of India to ensure that currency notes are printed on Indian paper with Indian ink. (PTI)

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02 / 9

Addressing the top brass of the central bank in an event to mark RBI's 80th anniversary, Modi raised the topic of 'Make in India', a subject close to his heart. (BCCL)

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03 / 9

The PM urged the central bank to make a resolution that from a particular date all notes in India would be printed on Indian-made paper with Indian Ink. (BCCL)

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04 / 9

Central bank officials said that work was already in progress to source materials from India. They said that while most of the ink was available in India, the central bank at present continued to import two-color ink. (PTI)

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05 / 9

Having self-sufficiency in printing of currency notes would ensure that no enemy state can purchase similar paper from international suppliers. (BCCL)

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06 / 9

A few years ago, there were reports in the international press of the Indian government cancelling currency orders with a global provider of currency notes on quality concerns. According to RBI, during 2013-14 (July-June), an expenditure of Rs 3,210 crore was incurred on security printing compared to Rs 2,870 crore during 2012-13. (PTI)

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07 / 9

Modi urged banks to be more understanding while dealing with the poor. (BCCL)

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08 / 9

Highlighting the success of the Jan-Dhan Yojana (JDY), which has garnered Rs 14,000 crore under 14 crore accounts, Modi said, "You have seen poverty among the rich when it comes to repaying loans. Today, you are witnessing the wealth of the poor thanks to the JDY scheme." (PTI)

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09 / 9

He pointed out that despite the JDY accounts being allowed zero-balance facility, more than 14% of these had balances. He said the government would soon launch the Mudra Bank next week, which will help the country harness the wealth generation and entrepreneurial ability of 5.25 crore small businessmen. According to Modi, loans under the Mudra Bank scheme would be delivered through mobile banking. (BCCL)

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