BJP promises Rs 126 lk cr worth of investments by 2024

BJP promises Rs 126 lk cr worth of investments by 2024

BJP Manifesto: Total Investment Promise

Prime Minister Narendra Modi, BJP President Amit Shah and Union Home Minister Rajnath Singh during the release of Bharatiya Janata Party's (BJP) manifesto for Lok Sabha elections 2019, in New Delhi. (PTI Photo)

The BJP on Monday promised new investments of a little over Rs 126 lakh crore if voted back to power in the upcoming Lok Sabha elections.

 The investments would be made in the next five years to 2024.

 The party manifesto released earlier in the day pledged to invest the highest ever Rs 100 lakh crore capital investment on infrastructure sector by 2024.

 It promised another 25 lakh crore to improve the productivity of the farm sector but did not give any time limit.

 Besides, it assured new agriculture loans up to Rs. 1 lakh at a 0% interest rate for 1-5 years on the condition of prompt repayment of the principal amount.

 Rs 1 lakh crore loan guarantee was promised to small and medium businesses, which were largely hit by 2016 demonetisation and GST thereafter. The loans will be provided by 2024.

 The manifesto also committed an allocation of Rs. 10,000 crore to ensure availability of storage and marketing tools and infrastructure like ice-boxes, cold storages, ice-plants for small and traditional fishermen.