Region:
BRICS
Category:
Economy
Article type:
Opinion

Modi asked the banks to finance entrepreneurs India

Region:
BRICS
Category:
Economy
Article type:
Opinion
Author/s:
By Pablo Pla
Publication date:
Print article

The banks are asked to fund entrepreneurs who want to make up their own company cleaning and waste collection

Narendra Modi asked banks to become "agents of social transformation". The Indian Prime Minister said that banks have to bear the social causes and adopt a charter for the development of the nation. Modi had commissioned the SWACHH Bharat on October 2, 2014, and urged everyone in the country to fulfill the vision of Mahatma Gandhi. "Can we create Swachhta entrepreneurs ?, I wondered.

The initiative has to do with the call to more than 4 million people to clean streets, roads (routes) and improve the country's infrastructure.

The banks are asked to fund entrepreneurs who want to make up their own business cleaning and garbage collection.

"There is immense scope in the management of solid waste and water treatment," Modi said while speaking at an event marking the 60th anniversary of ICICI group.

"The financial sector can develop a new business sector and banks give priority to those who can create a Swachhta lakh entrepreneurs with the help of bank financing."

Basically point to solid waste management and wastewater treatment, which is big business. "We can create these entrepreneurs finance training and giving our youth. This can be sustainable in the long term," he said. The prime minister considered that banks would have to provide funds for infrastructure and may also provide financing for people to be entrepreneurs in these sectors.

traslation: Belén Zapata