-Down to Earth The government is clueless about incentives it has promised under its Pradhan Mantri Jan Dhan Yojana to bring every family under the formal banking system ON AUGUST 15, when Prime Minister Narendra Modi announced extending the financial inclusion plan of the former UPA government and renamed it Pradhan Mantri Jan Dhan Yojana (PMJDY), he was well aware of its limitations. Though launched in 2010, the plan had miserably failed...
More »SEARCH RESULT
Total Matching Records found : 97
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...
More »Quieter, steadier -Vikram S Gandhi
-The Indian Express The prime minister's Jan Dhan Yojana (JDY) is, in many ways, an improvement over previous financial-inclusion schemes. And with an aggressive target to cover 15 crore households with basic banking services, including an overdraft facility, Debit Card as well as accident and life insurance cover, it is the most ambitious attempt yet. However, to achieve its promise, the JDY needs to focus on implementation. As suggested by the...
More »Jan Dhan Yojana: Initially, overdraft amount might be small -Nupur Anand
-The Business Standard Based on the credit history banks may later decide to extend the amount Under the Pradhan Mantri Jan Dhan Yojana, the overdraft facility initially offered by banks will be less than Rs 5,000, the highest under the scheme. Based on credit history, lenders might extend the amount at a later stage. Earlier, the finance ministry had clarified a lower amount might be extended under the overdraft scheme. Under this, on...
More »Don’t bank on it, yet -Paranjoy Guha Thakurta
-Deccan Chronicle On August 15, Prime Minister Narendra Modi announced the Pradhan Mantri Jan Dhan Yojana, a financial inclusion scheme that will ensure that at least one member of each and every family in India not only has a bank account with a Debit Card, but is also provided an overdraft facility of Rs 5,000, a life insurance policy of Rs 30,000 and accident insurance cover of Rs 1,00,000. On August...
More »
