700 Maoists have surrendered post-demonetisation: Modi

New Delhi: Around 700 Maoists have surrendered post-demonetisation and funds to terrorists in Jammu and Kashmir have been choked, Prime Minister Narendra Modi said in Rajya Sabha on Wednesday, while insisting that the note ban has had a direct impact on naxalism and terrorism.

Replying to the debate on Motion of Thanks to the President's Address, he said cash as well as fake currency is used in promoting terrorism and naxalism.

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



said.

He went on to add: "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."

The Prime Minister said some people are "jumping up and down", saying Rs 2,000 notes were found on terrorists.

"We should know that in the post-note ban period in the country, there were attempts to loot banks and take away new currency notes, especially in Jammu and Kashmir because they (terrorists) were facing difficulties in carrying out day-to-day activities post demonetisation," he said.