14 Banks Nationalised

SKU: 20 July 1969


The featured newspaper carries the most important policy decision of the year viz. Nationalisation of Banks.

The nationalization of banks was a major plan of action under the ten-point programme introduced by Indira Gandhi in her first tenure as a Prime Minister. The importance of this revolutionary change was to balance the uneven distribution of credit between the growing commercialized section of the society and the rural workers and small borrowers. This helped the poor labourers and farmers to get loans more easily for their livelihood purposes.


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