Asking banks to become 'agents of social transformation', Modi said the banks need to take up social causes and adopt a charter for the nation's development.
The Prime Minister launched a 'Swachh Bharat' initiative on October 2, 2014 and exhorted everyone in the country to fulfil Mahatma Gandhi's vision of Clean India.
"Can we create Swachhta Entrepreneurs? There is immense scope in solid waste management and water treatment," he said, while speaking at a function to celebrate 60 years of ICICI group.
"Solid waste management and waste water treatment is a big business. We can create such entrepreneurs by training and giving finance to our youth. This can be a sustainable in the long-term," he said.
The Prime Minister said banks give funds for infrastructure and they can also give finance to small people to make them entrepreneurs in such sectors.
He said that banks providing support to such entrepreneurs will help make the 'Swachh Bharat' vision a sustainable reality.
He said that the village chosen by ICICI Bank as a digital village has a cattle hostel, which had contributed immensely to improving incomes and cleanliness in the village.
He said more and more villages across India would adopt this model soon and rural development could emerge as a powerhouse of economic development for the country.
Modi had started Gujarat's first animal hostel in 2011, when he was the Chief Minister of the state, in this village in Sabarkantha district of Gujarat.
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app