-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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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...
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 »A bank account for Mary -Jayshree Venkatesan
-The Hindu The PMJDY celebrates success on its website, but thousands of Marys remain outside the banking system. This won’t change unless the scheme alters both design and implementation A few months ago, when the Pradhan Mantri Jan Dhan Yojana (PMJDY) was still being spoken of as a success for the largest number of accounts opened in a day, earning the government a Guinness world record, I visited the branch of a...
More »The inclusion project -Shamika Ravi
-The Indian Express A little more than a week ago, World Bank chief Jim Yong Kim praised Prime Minister Narendra Modi for launching the Pradhan Mantri Jan-Dhan Yojana (PMJDY), which he called an “extraordinary effort” at financial inclusion. According to the Union finance ministry, India has attained 99 per cent financial inclusion, measured as households’ access to bank accounts. Within three months of launching the PMJDY, the government entered the Guinness...
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