NEW DELHI: The slew of measures announced by Prime Minister Narendra Modi will enhance economic activities and pave way for "cleaner and bigger GDP", Finance Minister Arun Jaitley said today. 

In a series of tweets, Jaitley said: "PM's announcements will enable a cleaner & bigger GDP...PM's announcements will enhance economic activities".

Referring to the sops announced for different sectors, he said agriculture, MSME and housing segments will get a fillip. 

The Finance Minister, who will be presenting the budget for 2017-18 in February, also said the government is committed to cleansing political funding. 

On the announcement of fixed 8 pct interest rate on 10-year deposits up to 7.5 lakh for senior citizens, Jaitley said it is "great news". 

In his address to the nation, Modi said home loans in urban areas up to 9 lakh and 12 lakh will receive interest subvention of 4 pct and 3 pct, respectively. Also, in rural areas home loans up to 2 lakh will get interest rebate of 3 pct. 

Modi also said government will bear 60-days interest burden on farm loans taken for rabi crops and also doubled Nabard funding corpus to 41,000 crore. 

All 3 crore Kisan Credit Cards holders will be given RuPay debit cards, he added.

Read Also:

SBI Cuts Cost Of Lending Rate By 0.9 Pct Across Maturities

Double-Digit Growth In India's Tax Collection Figures: Jaitley