PM dedicates 75 Digital Banking Units across 75 districts to the nation

The Prime Minister, Shri Narendra Modi dedicated 75 Digital Banking Units (DBU) across 75 districts to the nation via video conferencing.

Addressing the gathering, the Prime Minister started by stressing that the 75 Digital Banking Units (DBU) will further financial inclusion and enhance banking experience for citizens. “DBU is a big step in the direction of Ease of Living for the common citizens”, he said. The Prime Minister informed that in such a banking setup, the government aims to provide maximum services with minimum infrastructure, and all of this will happen digitally without involving any paperwork. It will also simplify the banking procedure while also providing a robust and secure banking system. “People living in small towns and villages will find benefits like transferring money to availing loans. Digital Banking Units are another big step in that direction which is going on in the country to make the life of common man of India easier”, he added.

The Prime Minister said that the aim of the government is to empower the common citizen and make them powerful, and as a result, policies were made keeping in mind the last person and the entire government moving in the direction of their welfare. He pointed out the two areas on which the government worked simultaneously. First, reforming, strengthening, and making the banking system transparent, and secondly financial inclusion.

Recalling the traditional ways of the past where people had to go to the bank, the Prime Minister said that this government transformed the approach by bringing the bank to the people. “We have given top priority to ensure that banking services reach the last mile”, he said.  A huge change from the days when it was expected that poor will go to the bank to a scenario when the banks were going on the doorstep of the poor. This involved reduction of distance between the poor and the banks. “We not only removed the physical distance but, most importantly, we removed the psychological distance.” Highest priority was given to cover far flung areas with banking. The Prime Minister informed that today more than 99 percent of villages in India have a bank branch, banking outlet or a ‘banking mitra’ within 5 km radius. “Extensive Post Office network too was harnessed via India Post Banks for providing the banking needs to the common citizens”, he said. “Today the number of branches per one lakh adult citizens in India is more than countries like Germany, China and South Africa”, he added.

Despite initial misgivings in certain sections, the Prime Minister said, “today the entire country is experiencing the power of Jan Dhan Bank accounts.” He informed that these accounts enabled the government to provide insurance to the vulnerable at a very low premium. “This opened the way for loans for the poor without collateral and provided Direct Benefit Transfer to the accounts of the target beneficiaries. These accounts were the key modality for providing homes, toilets, gas subsidy, and benefits of schemes for farmers could be ensured seamlessly”, he said. The Prime Minister acknowledged the global recognition for India’s digital banking infrastructure. “The IMF has praised India’s digital banking infrastructure. The credit for this goes to the poor, farmers and labourers of India, who have adopted new technologies, made it a part of their lives”, he emphasised.

“UPI has opened up new possibilities for India,” the Prime Minister continued, “When financial partnerships are combined with digital partnerships, a whole new world of possibilities opens up. A huge example like UPI is before us. India is proud of this as it is the first technology of its kind in the world.” He informed that today 70 crore indigenous Rupay cards are in operation, a vast change from the days of foreign players and the elite nature of such products. “This combination of technology and economy is enhancing the dignity and affordability for the poor and empowering the middle class, while at the same time it is also eliminating the digital divide of the country”, he said. He also praised the role of DBT in eliminating corruption and said that more than 25 lakh crore rupees have been transferred in various schemes via DBT. He informed that he will transfer the next instalment to the farmers tomorrow. “Today the whole world is appreciating this DBT and the digital power of India. Today it is being seen as a global model. The World Bank has even gone so far as to say that India has become a leader in ensuring social security through digitization”, said the Prime Minister.

The Prime Minister informed that fintech is at the heart of India’s policies and efforts, and it is playing a key role in shaping the future. Digital banking units will further expand this capability of fintech. “If Jan Dhan accounts had laid the foundation of financial inclusion in the country, then Fintech would form the basis of financial revolution”, he said.

Referring to the government’s announcement of the launch of a digital currency based on blockchain technology, the Prime Minister pointed out that “Be it digital currency in the coming times, or digital transactions in today’s time, apart from the economy, many important aspects are associated with them”. He listed the savings, elimination of the hassle of physical currency and environmental benefits as key advantages. The Prime Minister pointed out that paper and ink for currency printing are imported, and by adopting a digital economy we are contributing to a self-reliant India while also benefiting the environment by reducing the consumption of paper.

The Prime Minister pointed out that banking today has gone beyond financial transactions and has also become a medium of ‘Good Governance’ and ‘Better Service Delivery’. Today, this system has given rise to immense possibilities for growth for the private sector and small-scale industries as well. He further added that there is hardly any area in India in which product and service delivery through technology is not creating a new startup ecosystem. “Digital economy today is a great strength of our economy, of our startup world, of Make in India and of self-reliant India”, he said. “Today our small industries, our MSMEs are also participating in government tenders through a system like GEM. They are getting new business opportunities. So far, orders worth Rs 2.5 lakh crore have been placed on GEM. Many more new opportunities will now arise in this direction through digital banking units”, he added.

“The economy of any country is as progressive as its banking system is strong”, the Prime Minister remarked. He informed that the country has shifted from the pre-2014 ‘phone banking’ system to digital banking in the last 8 years, and as a result, India’s economy is moving forward with a continuum. Recalling the old ways, the Prime Minister pointed out that before 2014, the banks used to get phone calls to decide their functioning. He further added that phone banking politics had made the banks unsafe and made the country’s economy insecure by sowing the seeds of thousands of crores of scams.

Throwing light on how the present government had transformed the system, the Prime Minister informed that transparency has been the main focus. He continued, “After bringing transparency in the identification of NPAs, lakhs of crores of rupees were brought back into the banking system. We recapitalized banks, took action against willful defaulters, and reformed the Prevention of Corruption Act.” He further noted that the resolution of NPA-related issues was expedited with the help of IBC while promoting the use of technology and analytics for loans, for the creation of a transparent and scientific system. “Decisions such as the merger of banks were victims of policy paralysis and the country took them boldly. The results of these decisions are before us today”, he added. He informed that a new self-driven mechanism is now being created for the banking system through new initiatives like digital banking units and innovative use of Fintech. There is as much autonomy for the consumers, there is also the same convenience and transparency for the banks, he said while asking the stakeholders to take the movement further.

In concluding his address, the Prime Minister urged the small business owners from villages to completely move towards digital transactions. He also urged banks to connect 100 merchants with them for going totally digital for the benefit of the country. “I am sure, this initiative will take our banking system and economy to a stage which will be future-ready, and will have the capability to lead the global economy”, Shri Modi concluded.

Union Minister of Finance, Smt Nirmala Sitharaman and Governor of Reserve Bank of India, Shri Shaktikanta Das were among those present on occasion among others. Chief Ministers, Union Ministers, State Ministers, Members of Parliament, banking leaders, experts and beneficiaries were connected via video conferencing.


In yet another measure to deepen financial inclusion, the Prime Minister, Shri Narendra Modi dedicated 75 Digital Banking Units (DBUs) to the nation via video conferencing.

As part of the Union budget speech for 2022-23, the Finance Minister announced setting up the 75 DBUs in 75 districts to commemorate our country’s 75 years of independence. The DBUs are being set up with the objective to ensure the benefits of digital banking reach every nook and corner of the country and will cover all the States and Union territories. 11 Public Sector Banks, 12 Private Sector Banks and one Small Finance Bank are participating in the endeavour.

DBUs will be brick-and-mortar outlets which will provide a variety of digital banking facilities to people such as opening savings accounts, balance-check, print passbooks, transfer of funds, investment in fixed deposits, loan applications, stop-payment instructions for cheques issued, applying for credit/debit cards, view statement of account, pay taxes, pay bills, make nominations, etc.

DBUs will enable customers to have cost-effective, convenient access and enhanced digital experience of banking products and services throughout the year. They will spread Digital Financial Literacy and special emphasis will be given to customer education on cyber security awareness and safeguards. Also, there shall be adequate digital mechanisms to offer real-time assistance and redress customer grievances arising from business and services provided by the DBUs directly or through Business Facilitators/ Correspondents.

The 75 Digital Banking Units will further financial inclusion & enhance banking experience for citizens.

— Narendra Modi (@narendramodi) October 16, 2022

Today, 75 Digital Banking Units are being launched across India. These will significantly improve banking experience for the citizens.

— PMO India (@PMOIndia) October 16, 2022

Ensuring maximum services with minimum digital infrastructure.

— PMO India (@PMOIndia) October 16, 2022

हमारी सरकार का लक्ष्य भारत के सामान्य मानवी को empower करना है, उसे powerful बनाना है।

— PMO India (@PMOIndia) October 16, 2022

Two aspects have been focused on to improve the banking services.

— PMO India (@PMOIndia) October 16, 2022

We have given top priority and ensured that banking services reach the last mile.

— PMO India (@PMOIndia) October 16, 2022

We are moving ahead with the resolve to transform the standard of living of every citizen.

— PMO India (@PMOIndia) October 16, 2022

The credit for success of India’s banking infrastructure goes to the citizens.

— PMO India (@PMOIndia) October 16, 2022

UPI has opened up new possibilities for India.

— PMO India (@PMOIndia) October 16, 2022

JAM trinity has significantly helped curb corruption.

— PMO India (@PMOIndia) October 16, 2022

Today the whole world is appreciating DBT and digital prowess of India.

— PMO India (@PMOIndia) October 16, 2022

आज Fintech भारत की नीतियों के, भारत के प्रयासों के केंद्र में है, और भविष्य को दिशा दे रहा है।

— PMO India (@PMOIndia) October 16, 2022

Banking sector has become a medium of ‘Good Governance’ and ‘Better Service Delivery’.

— PMO India (@PMOIndia) October 16, 2022

डिजिटल इकॉनमी आज हमारी इकॉनमी की, हमारे स्टार्टअप वर्ल्ड की, मेक इन इंडिया और आत्मनिर्भर भारत की बड़ी ताकत है।

— PMO India (@PMOIndia) October 16, 2022



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PM dedicates to the nation K. K. Patel Super Speciality Hospital in Bhuj

The Prime Minister, Shri Narendra Modi dedicated to the nation K. K. Patel Super Speciality Hospital in Bhuj, Gujarat today via video conferencing. The hospital has been built by Shree Kutchi Leva Patel Samaj, Bhuj. Chief Minister of Gujarat Shri Bhupendrabhai Patel was among those present on the occasion.

Speaking on the occasion, the Prime Minister appreciated that leaving the devastation caused by the earthquake behind, the people of Bhuj and Kutch are now writing a new destiny for this region with their hard work. “Today many modern medical services exist in this area.In this series, Bhuj is getting a modern, super specialty hospital today”, the Prime Minister said. This hospital is the first charitable super speciality hospital of the region which will act as guarantee of quality medical treatment for people of Kutch along with lakhs of soldiers, par military personnel and traders,  the Prime Minister informed.

The Prime Minister elaborated that better health facilities are not limited only to the treatment of disease, they also encourage social justice. “When cheap and best treatment is available to the poor, his faith in the system is strengthened. If they get freedom from the worry of the cost of treatment, they work hard to get out of poverty with more determination”, the Prime Minister said. The Prime Minister explained that in past years, all the schemes of the health sector have been implemented with this thought behind them.

Ayushman Bharat scheme has been instrumental in saving lakhs of crore rupees every year in the treatment of poor and middle class families along withJanaushadhi Yojana. Health and Wellness centres and campaigns such as the Ayushman Bharat Health Infrastructure Scheme are helping to make treatment accessible to all.

Ayushman Bharat Digital Health Mission is expanding the facilities for the patients. Modern and critical healthcare infrastructure has been developed through the Ayushman Health Infrastructure Mission in the district andbeing taken up to the block level. Hospital are being constructed in every district. Similarly, AIIMS are being established. Medical Colleges are expanding medical education and the country is likely to get record number of doctors in next 10 years.

Shifting to Gujarati, the Prime Minister said that ‘a situation has reached neither can I leave Kutch nor can Kutch leave me’. He talked about the recent expansion of medical infrastructure and education in Gujarat. He said today there are 9 AIIMS, more than three dozen medical colleges, up from 9 colleges earlier. Medical seats have increased from 1100 to 6000. Rajkot AIIMs has gone functional, and Civil Hospital Ahmedabad is getting 1500 bed  infrastructure for mother and child care, he informed. Facilities for cardiology and dialysis have grown manifold.

Shri Modi, reiterated his focus on preventive approach to health and requested to keep the emphasis on cleanliness, exercise and Yoga going. He also emphasized importance of good diet, clean water and nutrition. He asked the Kutch region to celebrate Yoga day at a grand scale. He also asked the Patel community to promote Kutch  festival abroad and increase the number of foreign tourists for the same. He also reiterated his call for 75 Amrit sarovars in every district.

Hospital in Bhuj will make good quality healthcare accessible to people at affordable price.

— Narendra Modi (@narendramodi) April 15, 2022

भूकंप से मची तबाही को पीछे छोड़कर भुज और कच्छ के लोग अब अपने परिश्रम से इस क्षेत्र का नया भाग्य लिख रहे हैं।

आज इस क्षेत्र में अनेक आधुनिक मेडिकल सेवाएं मौजूद हैं।

इसी कड़ी में भुज को आज एक आधुनिक, सुपर स्पेशियलिटी अस्पताल मिल रहा है: PM @narendramodi

— PMO India (@PMOIndia) April 15, 2022

बेहतर स्वास्थ्य सुविधाएं सिर्फ बीमारी के इलाज तक ही सीमित नहीं होती हैं, ये सामाजिक न्याय को प्रोत्साहित करती हैं।

जब किसी गरीब को सस्ता और उत्तम इलाज सुलभ होता है, तो उसका व्यवस्था पर भरोसा मज़बूत होता है: PM @narendramodi

— PMO India (@PMOIndia) April 15, 2022

इलाज के खर्च की चिंता से गरीब को मुक्ति मिलती है तो वो निश्चिंत होकर गरीबी से बाहर निकलने के लिए परिश्रम करता है: PM @narendramodi

— PMO India (@PMOIndia) April 15, 2022

बीते सालों में हेल्थ सेक्टर की जितनी भी योजनाएं लागू की गई हैं, उनकी प्रेरणा यही सोच है।

आयुष्मान भारत योजना और जनऔषधि योजना से हर साल गरीब और मिडिल क्लास परिवारों के लाखों करोड़ रुपए इलाज में खर्च होने से बच रहे हैं: PM @narendramodi

— PMO India (@PMOIndia) April 15, 2022

देश के हर जिले में मेडिकल कॉलेज के निर्माण का लक्ष्य हो या फिर मेडिकल एजुकेशन को सबकी पहुंच में रखने के प्रयास, इससे आने वाले 10 सालों में देश को रिकॉर्ड संख्या में नए डॉक्टर मिलने वाले हैं: PM @narendramodi

— PMO India (@PMOIndia) April 15, 2022



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PM dedicates to the Nation 35 crop varieties with special traits

The Prime Minister, Shri Narendra Modi dedicated to the Nation 35 crop varieties with special traits through video conference. The Prime Minister also dedicated to the nation the newly constructed campus of the National Institute of Biotic Stress Management Raipur. On this occasion, the Prime Minister also distributed the Green Campus Award to Agricultural Universities. He interacted with farmers who use innovative methods and addressed the gathering.

Talking to SmtZaitoon Begum of Ganderbal, Jammu and Kashmir, The Prime Minister talked about her journey of learning innovative agricultural practices and how she trained other farmers and how she is working for the education of girls in the valley. The Prime Minister mentioned that even in sports, girls from J&K are doing well. He also said that the needs of farmers with small holdings are the government’s priority and they get all the benefits directly.

While interacting with Shri Kulwant Singh, a farmer and seed producer of Bulandshahr, Uttar Pradesh, the Prime Minister enquired how he was able to produce a diverse variety of seeds. The Prime Minister asked how he benefits from his interaction with scientists at the agricultural institute at Pusa and what is the trend among the farmers about getting in touch with such institutions. The Prime Minister praised the farmer for processing his crops and doing value-additions. The Prime Minister said that the government is making efforts to get good prices for farmers with many initiatives like access to the market, good quality seeds, soil health cards etc.

Prime Minister enquired SmtDarshanaPedenkar, from Bardez, Goa, how she is cultivating diverse crops and rearing various livestock. He asked about the value-addition of coconut done by the farmer. He expressed happiness that how a woman farmer is flourishing as an entrepreneur.

Interacting with Shri Thoiba Singh from Manipur, the Prime Minister complimented him for taking up farming after a life in the armed forces. The farmer’s diversified activities such as agriculture, fishery and other allied activities drew the Prime Minister’s interest. The Prime Minister praised him as an example of Jai Jawan-Jai Kisan-Jai Vigyaan.

The Prime Minister enquired from Shri Suresh Rana, Udham Singh Nagar, Uttarakhand about how he started corn cultivation. The Prime Minister complimented the farmers of Uttarakhand for using FPOs efficiently and said that when farmers work collectively they benefit a great deal. The Government is trying to make every resource and infrastructure available to the farmers.

Addressing the occasion, the Prime Minister said in the last 6-7 years, science and technology are being used on a priority basis to solve the challenges related to agriculture. ”Our focus is very high on more nutritious seeds, adapted to new conditions, especially in changing climates,” said the Prime Minister.

The Prime Minister recalled the massive locust attack in various states last year, in the midst of the Corona pandemic. India had tackled this attack by making a lot of efforts, saving farmers from incurring too much damage, he said.

The Prime Minister stressed that whenever farmers and agriculture get a safety net, their growth becomes rapid. He informed that 11 crores Soil Health Cards were issued for the protection of the land. The Prime Minister listed the farmer-friendly initiatives of the Government such as campaigns to complete about 100 pending irrigation projects for providing water security to the farmers, providing new varieties of seeds to farmers to protect crops from diseases thus getting a higher yield. He added that along with increasing the MSP, the procurement process was also improved so that more and more farmers can get the benefit. More than 430 lakh metric tonnes of wheat has been procured in the Rabi season and farmers have been paid more than 85 thousand crore rupees. Wheat procurement centres were increased more than three times during the pandemic.

The Prime Minister said by connecting farmers with technology, we have made it easier for them to get help from banks. Today farmers are getting weather information in a better way. Recently, more than 2 crore farmers have been given Kisan Credit Cards.

The Prime Minister remarked that due to climate change, new types of pests, new diseases, epidemics are emerging, because of this, there is a big threat to the health of humans and livestock and crops are also being affected. Intensive continued research on these aspects is necessary. He remarked that when science, government and society work together, results will be better. Such an alliance of farmers and scientists will strengthen the country in dealing with new challenges.

The Prime Minister said efforts are being made to take the farmer out of the crop-based income system and encourage them for value-addition and other farming options. He stressed the need to further develop millets and other grains with solutions from science and research. He said that the purpose is that they can be grown in different parts of the country according to the local needs. He asked people to be prepared to use the opportunities provided by the UN declaring the coming year as the Year of the Millet.

The Prime Minister said along with our ancient farming traditions, marching towards the future is equally important. He said modern technology and new farming tools are at the core of future farming. “Efforts to promote modern agricultural machines and equipment are showing results today,” he added.

           Speaking on the occasion Union Agriculture Minister said that the Prime Minister makes constant efforts for the wellbeing of the small farmer. He is the Pradhan Sevak of the small farmer. Recalling what Prime Minister had done in the state of Gujarat in the field of Agriculture the Minister said that PM was instrumental in providing electricity and water for agricultural use in the state of Gujarat. The district of Kutch in Gujarat was transformed by progressive farming, cows were operated for cataract and agricultural growth rate in Gujarat went up to 9%.

              Shri Tomar talked about the various initiatives taken by the union government for the farmers. The Pradhan Mantri Fasal BimaYojna which brings farmers under the protective cover; The PM Kisan Samman Nidhi  which makes the farmers financially empowered; The goal of formation of 10000 Farmer Producer Organisations for which the government is spending 6865 crore; The Agriculture Infrastructure Fund for creating post harvest management infrastructure and community farm assests in villages; Provision of MSP which is atleast 50% over the cost of production; Provision of Kisan Rail and eNAM for marketing. The Minister said that the farm laws will usher in a new revolution from seed to market and will help in doubling farmers income.      

Trait specific field crop varieties dedicated to the Nation

Sr. No.



Specific trait



Him Shakti

High protein content (15.64%) and oil (8.91%)



Him Phaphra

High protein (13.1%) with methionine and iron (6.6 mg/100g) content


Winged bean

PBW 11-2

High pod yield and protein content


Faba bean


High seed yield and protein content (24.13%)



NRC 138

Early maturing amenable to mechanical harvesting



KBVS 1 (Karune)

First variety of soybean having green pod suitable for consumption



NRC 142

First double null variety free from anti-nutritional factor Kunitz trypsin inhibitor (KTI) and lipoxygenase-2 (principal contributor to off-flavour)



PusaDuble Zero Mustard 31

High yielding (26.4 q/ha) variety of mustard with Canola quality (erucic acid <2% and glucosinolates<30ppm)




High yielding (26.7 q/ha) hybrid of mustard with Canola quality (erucic acid <2% and glucosinolates<30ppm)



IPH 15-3

Early maturing (<150 day) and resistant to wilt and sterility and mosaic disease



IPH 09-5

Early maturing (<150 day) and resistant to wilt and sterility and mosaic disease



Pusa Chickpea 4005

A drought tolerant high yielding varieties of chickpea developed through marker assisted selection



IPCMB 19-3 (Samriddhi)

A Fusarium wilt resistant high protein (22.9%) variety developed through marker assisted selection


Pearl millet

PB 1877

Summer pearl millet variety rich in Iron (42 ppm) and zinc (32 ppm)


Pearl millet

HHB 67 Improved 2

Pearl millet hybrid rich in Iron (42 ppm) and zinc (32 ppm) and resistance to downy mildew



JaicarRaseela-CSV 49SS (SPV 2600)

Sweet sorghum suitable for 1G biofuel and silage making



CSH 47 (SPG 1798)

High biomass variety suitable for 2G biofuel and silage making


Forage sorghum

JaicarUrja-CSV 48 (SPV 2402)

High biomass variety suitable for 2G biofuel and silage making



Pusa Basmati 1979

Herbicide tolerance in the background of PusaBasmati  1121. Suitable for direct seeding also



Pusa Basmati 1985

Herbicide tolerance in the background of PusaBasmati  1509. Suitable for direct seeding also



Pusa Basmati 1886

Bacterial blight and blast resistance in the background of Pusa Basmati 6.



Pusa Basmati 1847

Bacterial blight and blast resistance in the background of Pusa Basmati 1509



Pusa Basmati 1885

Bacterial blight and blast resistance in the background of Pusa Basmati 1121



DRR Dhan 58

Resistant to bacterial blight (Xa21, xa13, xa5) and seedling stage salinity tolerance (Saltol QTL) in the background of Samba Masuri



DRR Dhan 59

Resistant to bacterial blight (Xa33) in the background of Akshyadhan



DRR Dhan 60

Resistant to bacterial blight (Xa21, xa13, xa5) and low soil phosphorus tolerance (Pup1) in the background of Samba Masuari



Pusa HQPM-1 Improved (APQH-1)

High 7.02 μg/g of provitamin, lysine (4.59%) and tryptophan (0.85%); widely adapted hybrid suitable for all zones



PusaBiofortified Maize Hybrid-1 (APH-1)

Rich in provitamin-A (6.6 μg/g), lysine (3.37%) and tryptophan (0.72%); hybrid suitable for northern hill and north eastern plain zone



Pusa HM4 Male Sterile Baby Corn (Shishu) (ABSH4-1)

First male sterile baby corn hybrid of the country

Saves Rs. 8,000-10,000/- per ha as no manual detasseling is required



DBW 332

High yielding wheat variety with 78.3 q/ha grain yield with high protein content (12.2%) and zinc (40.6 ppm)



DBW 327

High yielding wheat variety with high Zinc content (44.4 ppm) in its grains



HI 1636

High yielding biofortified variety with high zinc content (44.4 ppm) and excellent chapati quality (8.24/10)



HUW 838

High yielding wheat variety with high Zinc content (41.8 ppm) in its grains



MP (JW) 1358

High yielding wheat variety rich in protein (12.1%) and iron (40.6 ppm)



HI 8123

High yielding durum wheat variety with high zinc content (40.1 ppm) and protein content (12.1%) with good pasta acceptability (5.9)


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PM dedicates to the nation and lays foundation stone of key projects of oil and gas sector in Tamil Nadu


The Prime Minister Shri Narendra Modi dedicated to the nation and laid the foundation of key projects of the oil and gas sector in Tamil Nadu today via video conferencing. Prime Minister dedicated to the nation the Ramanathapuram – Thoothukudi natural gas pipeline and Gasoline Desulphurisation Unit at Chennai Petroleum Corporation Limited, Manali. He also laid the foundation stone of Cauvery Basin Refinery at Nagapattinam. Governor and Chief Minister of Tamil Nadu, and Union Minister for Petroleum and Natural Gas were present on the occasion.

The Prime Minister raised the issue of India importing over 85 percent of oil and 53 per cent of gas to meet the demand in 2019-20. He asked, can a diverse and talented nation like ours be so energy import dependent? He stressed had we focused on these subjects much earlier, our middle class would not be burdened. Now, it is our collective duty to work towards clean and green sources of energy, reduce energy dependence. “Our Government is sensitive to the concerns of the middle class”, he emphasized.

To achieve this India is now increasing the focus on ethanol to help farmers and consumers.There is a focus on furthering usage of solar power to become a leader in the sector.Public transport is being encouraged and alternative sources like LED Bulbs are being embraced to enable huge savings for middle class households, The Prime Minister said.

The Prime Minister asserted that while India is working to meet the growing energy demand, It is also reducing our energy import dependence and diversifying import sources. For this capacity is beingbuilt. In 2019-20, India was 4th in the world in refining  capacity. About 65.2 million tonnes of petroleum products have been exported.This number is expected to rise even further, said the Prime Minister.

Talking about overseas presence of Indian oil and gas companies in 27 countries The Prime Minister said that have investments worth approximately  Rupees two lakh seventy thousand crore.

Touching upon the ‘One Nation One Gas Grid’ vision, the Prime Minister said “we have planned to spend seven and a half lakh crores in creating oil and gas infrastructure over five years. A strong emphasis has been laid on the expansion of city gas distribution networks by covering 407 districts.”

The Prime Minister informed that consumer focused schemes like Pahal and PM UjjwalaYojana are helping every Indian household access this gas.95% of Tamil Nadu’s LPG customers have joined the PAHAL Scheme.  Over 90% of the active customers get direct subsidy transfer. Under the UjjwalaYojana, over 32 lakh BPL households in Tamil Nadu have been given new connections. Over 31.6 lakh households benefited from free refills under the PM GaribKalyanYojana, informed the Prime Minister.

The Prime Minister pointed out that Indian Oil’s 143 Km long natural gas pipeline from Ramanathapuram to Tuticorin being launched today will monetisethe gas from ONGC gas fields. This is a part of a larger natural gas pipeline project being developed at a cost of Rs. 4,500 crore. It will benefit Ennore,Thiruvallur, Bengaluru, Puducherry, Nagapattinam, Madurai andTuticorin.

These gas pipeline projects would also enable the development of City Gas projects which are being developed at 10 districts in Tamil Nadu  at an investment of Rs.5,000 Crore. The gas from ONGC field will now be delivered to Southern Petrochemical Industries Corp Limited Tuticorin . This pipeline is going to supply of natural gas as feedstock at a cheaper cost to SPIC for manufacturing fertiliser. Feedstock will now be continuously available with no storage requirements. This is expected to result in saving in the range of Rs.70 toRs.95 Crores in cost of production annually.This will also bring down the final cost of production of fertilizer, said the Prime Minister.

Prime Minister expressed the country’s plan to increase gas share in our energy basket from 6.3 percent currently to 15 per cent.

Enumerating the benefits for local cities the Prime Minister said the CPCL’s new refinery at Nagapattinam anticipates about 80% indigenous sourcing of materials and services.The refinery is going to boost development of transport facilities, downstream petrochemical industries and ancillary and small scale industriesin the region

Dwelling on India’s stress on increasing the share of energy from renewable sources. By 2030, 40% of all energy will be generated from green energy sources, said the Prime Minister. He said CPCL’s new Gasoline desulphurisationUnit at its refinery in Manali inaugurated today is another effort for a greener future

In the past six years, over Rs. 50,000 Crore worth oil and gas projects have been approvedfor implementation in Tamil Nadu. In the same period, over Rs 9100 crores worth projects sanctioned before 2014 were completed. In addition, over Rs 4,300 crore worth projects are in the pipeline.All the projects in Tamil Nadu are a result of joint efforts of our consistent policies and initiatives for sustainable growth of India, Shri Modi concluded.