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Duplication of accounts under Jan Dhan Yojna on rise: Survey

-PTI The report noted 31% of multiple account holders (with a bank account in addition to PMJDY) are actively using alternate bank account. New Delhi: Duplication of accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) is on the rise while 28 per cent of accounts are lying dormant, says a survey by financial inclusion consulting firm MicroSave. According to the survey, conducted in 42 districts spread across 17 states and one union...

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No Gamechangers For Farmers -Ashok Gulati

-The Indian Express Budget makes the right moves on agriculture, but they may not be bold enough. In the last two weeks, Prime Minister Narendra Modi addressed three rallies of farmers, one each in MP, Karnataka and UP. Although it was late in the game, as farmers have been reeling under acute distress for two years, yet better late than never. Addressing the rallies, the PM thundered he would like to...

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Polavaram is reaping the Jan Dhan benefit -Gunturi Naga Sridhar

-The Hindu Business Line The scheme has made life easier for the people of this Andhra Pradesh village, one of the first in the state to have 100 per cent financial inclusion. But the local experience also throws up a few questions relevant nationally, reports Gunturi Naga Sridhar Fourty-year-old M Ravamma, from Polavaram, a village in the Krishna district of Andhra Pradesh, had a nightmarish experience two months ago. Her husband complained...

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Aid for rescued bonded labourers may go up -Somesh Jha

-The Hindu To liberate crores of children, transgenders and others trapped in human trafficking, beggary or any such forms of forced labour, the Union government has proposed a major revamp of the rehabilitation scheme for rescued bonded workers, raising aid from the present Rs. 20,000 to Rs. 3 lakh. The government has finalised a proposal to institute a three-tier rehabilitation funding scheme, under which a rescued transgender or disabled person will get...

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Rural households have higher debt than urban counterparts: NSSO report -Jitendra

-Down to Earth The debt in rural households is higher, even though their total assets are lesser than urban households   A new survey by the National Sample Survey Organisation (NSSO) shows that rural households have higher debts than their urban counterparts. At the same time, an urban household owns more than double the asset than that of a rural household. A rural household, on an average, owned assets of Rs 10...

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