Attitude of average common Indian man
The above information gives the following readings.
1. Average common man does not want anything for free.
2. Average common man shows positive gratitude.
3. Average common man wants dedicated service and not controls.
4. Average common man does not shirk away responsibilities.
5. Average common man rises to any eventuality in need.
It is also inferred that the RBI sources were also astonished with the overwhelming responses.
Hence, why the Finance Ministry should not consider a scheme making all citizens including Persons of Indian Origin to take part in the development. A basic ground plan is as under.
Every India will contribute a minimum of Rs.1000 and a maximum of Rs.5000 towards a corpus revolving corpus. This being corpus it does not carry any interest on such deposits. It will yield about Rs.1,25,000 to Rs. 3,00,000 Crores. If Corporates or Persons of India Origin voluntarily contribute higher amounts will be accepted. At any rate there should be a ceiling for such deposits.
This amount will be managed by RBI.
Any state which requires funds for development, it may obtain advances from this corpus and pay a simple interest of say 4%. The amounts are to be recovered in equated installments from the 1st day of the quarter following the quarter in which the amounts were drawn.
Individuals are also entitled to loans as detailed in the Dhan Jan Yojana as overdraft.
Let this forum discuss further and recommend to Finance Ministry. more