-Livemint.com With banks and ATMs under water, people were able to draw cash from Aadhaar-enabled micro-ATMs New Delhi: When heavy rains marooned large parts of Tamil Nadu, banking correspondents (BC) armed with Aadhaar-enabled micro-ATMs fanned out to help people retrieve cash from their bank accounts. The flood swept away many belongings including the bank pass book, debit card and other identification documents of S. Sangeetha, 28, who lives in Anumandai village in...
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₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha
-The Hindu Business Line Finance Minister meets bankers to set targets To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal. According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently. It was proposed that for the current fiscal, the target under ‘Shishu’ category would be ₹40,000 crore,...
More »Maharashtra launches RTI portal -Omar Rashid
-The Hindu Maharashtra on Thursday launched an online portal for Right to Information (RTI) applications. The web portal (www.rtionline.maharashtra.gov.in) can be used by citizens of the State to file online applications as well as first appeals under the RTI. The portal, available in both English and Marathi, informs applicants about the status/progress of their pleas. The fee for the application can be paid via internet banking or debit/credit cards. On submission of...
More »Government taking 'speedy' measures to help farmers
-PTI NEW DELHI: Emphasising that ample credit to the tune of Rs 7 lakh crore flows in the agricultural sector every year, the government today said it is taking "speedy" measures to help farmers who are grappling with debt burden. "We will not let down our farmers," Minister of State for Finance Jayant Sinha told Lok Sabha during Question Hour. He said many steps have been taken to reduce debt burden as...
More »This transaction is still incomplete -Erica Field, Charity Troyer Moore, Rohini Pande, Natalia, Rigol and Simone Schaner
-The Indian Express Earlier this month, the ministry of finance announced that over 50 million new bank accounts have been opened and 17 million Debit Cards issued since the launch of a bold new plan to grant financial access to the poor. Prime Minister Narendra Modi announced this initiative, called the Pradhan Mantri Jan Dhan Yojana (PMJDY), in a speech in August. Its ultimate goal is to reach 150 million unbanked...
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