-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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Govt eyes post offices, kiranas for pension plans -Sidhartha
-The Times of India NEW DELHI: After the success with opening bank accounts and two insurance schemes, the government is lining up a major push for retirement savings under its financial inclusion programme. The finance ministry has begun talks to rope in 1.5 lakh post offices along with kirana shops and chemists to sell pension plans with an assurance of minimum returns. Sources told TOI that the department of posts, which is...
More »Collateral-free loans offer hope to women -Sidhartha K
-The Times of India NEW DELHI: Until recently, Rajni, who lives in Tilak Nagar in west Delhi, used to work in a boutique. Now, she has decided to have her own setup, for which she has borrowed Rs 50,000 from Punjab National Bank. "I haven't decided whether I will take up a place or do it from home," she said. In Bawana, on the outskirts of Delhi, Kamla has taken a loan from...
More »Aadhaar now most widely held ID with 92cr holders -Rajeev Deshpande
-The Times of India NEW DELHI: The Aadhaar card is now the most widely held identification document in the country with a voluntary enrolment of 92 crore people. It is also perhaps the sole ID for many of its holders, including many families below the poverty line. In comparison, 5.7 crore people have passports, 17 crore people PAN cards, 60 crore voter ID cards, 15 crore ration cards and 17.3 crore driving...
More »Market regulator, central bank move SC on Aadhaar
-Business Standard Seek relaxation of order restricting Aadhaar usage in PDS and LPG subsidies The Securities Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) on Tuesday moved the Supreme Court for modification of the apex court's order on Aadhaar, issued in August. The two regulators sought relaxation of the order, which stated the unique identity card should not be insisted upon except for public distribution scheme (PDS) items...
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