Prime Minister Narendra Modi on Wednesday insisted the direct role of demonetisation in curbing naxalism and terrorism. PM Modi said funds to terrorists in Jammu and Kashmir have been choked and 700 Maoists have surrendered post-demonetisation.

“In the last 30-40 days (after demonetisation), over 700 Maoists have surrendered in the country. The process is on,” PM said.

PM Modi also added, “It cannot be that nobody in the House is satisfied with the surrender of Maoists. How can it be? But if it is not, then there is some other meaning to it.”

Prime Minister also said that fake currency used in the economy could not reach banks due to demonetisation.

“Now since such a big amount of currency has come to the banks, it will increase their capacity to lend to the common man,” PM said.