Those under debt are always poor even if they show a shining luxurious appearance. It is much better to be simple and debt free.
Just like individuals and families, no country can become prosperous till it remains debt ridden. India must get rid of debt. For this India must commit itself towards this goal. Here is one suggestion. Create one dedicated fund.
Loan Free India Fund
People of India will contribute tax free donations towards this fund. Donation collection boxes can be kept in all religious places, shops, offices etc. NRI's may also contribute to it. 0.1 % of all transactions can be dedicated to this fund. We can also cut down on wasteful expenditure and donate saved amount to this fund. We can sacrifice some of our expenses and donate to this fund.
India should target to become loan free. This will save a lot of amount towards welfare schemes and we will be able to eliminate poverty. Once this is achieved we should learn to live within our resources and avoid loans in future.
Set the goal - Self Reliance
Just like individuals and families, no country can become prosperous till it remains debt ridden. India must get rid of debt. For this India must commit itself towards this goal. Here is one suggestion. Create one dedicated fund.
Loan Free India Fund
People of India will contribute tax free donations towards this fund. Donation collection boxes can be kept in all religious places, shops, offices etc. NRI's may also contribute to it. 0.1 % of all transactions can be dedicated to this fund. We can also cut down on wasteful expenditure and donate saved amount to this fund. We can sacrifice some of our expenses and donate to this fund.
India should target to become loan free. This will save a lot of amount towards welfare schemes and we will be able to eliminate poverty. Once this is achieved we should learn to live within our resources and avoid loans in future.
Set the goal - Self Reliance
