-Business Standard As on Dec 9, the Aadhaar Payment Bridge saw transactions crossing the 79.4 million mark across govt welfare programmes Unique Identification Authority of India (UIDAI) on Monday said the number of Aadhaar numbers that have been linked to bank accounts had touched 100 million, enabling these individuals to digitally receive subsidies and benefits under government schemes. It said establishing a link between an Aadhaar number and a bank account makes it...
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Jan Dhan: Inclusion scheme excludes most -Vrishti Beniwal
-Business Standard Restricts scope of life insurance cover to bring down burden on the exchequer The government has started applying exclusion principles to its inclusion scheme, the Pradhan Mantri Jan Dhan Yojana (PMJDY). The life cover of Rs 30,000 announced by Prime Minister Narendra Modi for all those opening a bank account under the scheme will now exclude many. The finance ministry has put several riders for defining one's eligibility for a life...
More »Fighting India’s silent epidemic -Soumya Swaminathan and Chapal Mehra
-The Hindu Tackling TB requires both strengthening the public sector and engaging the private sector Over 60 per cent of all Indians seek health care in the private sector according to India's last National Family Health Survey. This undoubtedly makes the private sector the largest provider of health services in India. The government health system, though vast and well-intentioned, continues to be overburdened with multiple challenges including long waiting hours, an ageing...
More »Quieter, steadier -Vikram S Gandhi
-The Indian Express The prime minister's Jan Dhan Yojana (JDY) is, in many ways, an improvement over previous financial-inclusion schemes. And with an aggressive target to cover 15 crore households with basic banking services, including an overdraft facility, debit card as well as accident and life insurance cover, it is the most ambitious attempt yet. However, to achieve its promise, the JDY needs to focus on implementation. As suggested by the...
More »Narendra Modi's Jan Dhan - what's new? -Debashis Basu
-The Business Standard Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres. How new is that? Narendra Modi's biggest project so far is Pradhan Mantri Jan Dhan Yojana (PMJDY), an aggressively promoted idea to open bank accounts. The English media ran full-page ads and TV commercials to announce the scheme that is supposed to reach largely rural households. It...
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