-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...
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Water ATMs bring smiles to the faces of Rajasthan villagers
-IANS Barmer (Rajasthan): An Indian energy major and modern technology have combined to bring about a revolution in two districts of Rajasthan that were infamous due to the scarcity of potable water. Thanks to water ATMs, many otherwise arid villages here have 24X7 access to the commodity at the swipe of a card - at 20 litres for Rs.5. Under Cairn India's "Jeevan Amrit Project," kiosks with reverse osmosis (RO) plants have...
More »Putting the poor on the list -Charan Singh, Akshay Goenka and Ritesh Garg
-The Hindu Business Line A new approach to financial inclusion using post offices The Government is making intensive efforts to extend access to financial resources such as savings accounts, credit and insurance services to unbanked sections of our society, and the knowledge and freedom to leverage them to one's benefit. The Budget has already mentioned that the Government considers financial inclusion as an important thrust area and the Prime Minister is expected...
More »No benefits for beneficiaries-Anumeha Yadav
-The Hindu Nearly three years after the government began experimenting with Aadhaar-based payments in Jharkhand, it has not been able to start disbursing payments to beneficiaries at their doorstep Jharkhand was one of five pilot States chosen for an Aadhaar-enabled payment system (AEPS). Beginning with Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) payments in select blocks in four districts in 2012, AEPS added pension and scholarship schemes and the Janani Suraksha...
More »'Those Without Acc Can Soon Receive Money From ATMs'
-Outlook Mumbai: RBI Governor Raghuram Rajan today said individuals without a bank account will soon be able to receive money from those with bank accounts, using automated teller machines (ATM). "We have recently approved the in-principle setting up of a payment system which will facilitate funds transfer from bank account holders to those without accounts through ATMs," he said, delivering the DR Gadgil lecture here. Rajan said the move is driven by the...
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