-The Times of India NEW DELHI: After an initial target of six crore rural and 1.5 crore urban households, the Jan Dhan scheme for the unbanked has touched 33.5 crore accounts of which 25.6 crore are “operative” while the deposits in the accounts add up to a substantial 85,494 crore. With the government’s focus shifting from “every household” to “every unbanked adult”, the PM Jan Dhan Yojana is offering an enhanced overdraft...
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Women-centric reforms needed for Financial Inclusion; gender-neutral schemes don't work amid societal bars -Sohini Sengupta
-Firstpost.com The year is due to end, and the report card for India's flagship Financial Inclusion programme, the Pradhan Mantri Jan Dhan Yojana for 2018 is out. Before diving into the specifics of the programme, it would be useful to remember that the year has been revelatory with regard to women's issues, from the #MeToo movement to the 217 years that it will apparently take to close the gender pay gap. In...
More »Statement of intentions
-The Hindu Business Line NITI Aayog’s document sets out economic goals, but there’s no roadmap The NITI Aayog’s Strategy for New India @75 lays out a checklist of priorities for economic policy-makers over the next three years. It sets out as an immediate priority, the ramping up of the investment rate to 36 per cent of the GDP by 2022, from 29 per cent at present in order to hit a growth...
More »Quick fix for the farmer -Tirtha Chatterjee & Ashok Gulati
-The Indian Express In the absence of patience and vision, the loan waiver remains the most favoured response to farm distress Thousands of farmers from different parts of India marched to Delhi on November 29-30 to register their protest against the Narendra Modi government’s perceived apathy and neglect of farmers’ demands. They were basically demanding three things: One, debate in Parliament to discuss farm distress; two, one-time loan waiver; and three,...
More »Cong Jan Dhan gripe
-The Telegraph World Bank report suggests that 33% of the Jan Dhan accounts were opened by people who already had bank accounts New Delhi: The Congress on Thursday said the Jan Dhan accounts, one of Prime Minister Narendra Modi’s flagship programmes, were “an exercise in mass deception”, aimed at creating propaganda tools for “self-praise” rather than the avowed objective of Financial Inclusion of the poor. “By December 2016, twenty-four per cent of the...
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