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Digital disparity threatens achievements of financial inclusion under PM Jan-Dhan scheme
India

Digital disparity threatens achievements of financial inclusion under PM Jan-Dhan scheme

Despite the success of Pradhan Mantri Jan-Dhan Yojana, the use of plastic money and electronic payments has lagged

Coronavirus Outbreak: Govt to deposit Rs 1,000 in women PMJDY accounts in next two months in equal instalments
Business

Coronavirus Outbreak: Govt to deposit Rs 1,000 in women PMJDY accounts in next two months in equal instalments

Urging people not to believe rumours, the finance ministry on Thursday said Rs 500 has been deposited in each PMJDY account held by women for April and Rs 1,000 more will be given over the next two months in equal instalments

Coronavirus Outbreak: Banks to commence remitting Rs 500 per month to women PMJDY account holders from tomorrow
Business

Coronavirus Outbreak: Banks to commence remitting Rs 500 per month to women PMJDY account holders from tomorrow

Banks to commence remitting Rs 500 per month to women PMJDY (Pradhan Mantri Jan Dhan Yojana) account holders from tomorrow

Old SBI debit cards will be blocked from 1 January; here is how to replace them with EMV chip, PIN-based cards
Business

Old SBI debit cards will be blocked from 1 January; here is how to replace them with EMV chip, PIN-based cards

If the SBI customers are yet to receive the new EMV chip cards, they can approach their respective home branch for changing the card free of cost immediately, the bank said.

Deposits in Pradhan Mantri Jan Dhan Yojana accounts cross Rs 1 lakh cr-mark: Finance Ministry data
Business

Deposits in Pradhan Mantri Jan Dhan Yojana accounts cross Rs 1 lakh cr-mark: Finance Ministry data

Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark

Jan Dhan Yojana’s triumph shows financial inclusion gaining pace; scheme a launching pad for success of DBT, other products
Business

Jan Dhan Yojana’s triumph shows financial inclusion gaining pace; scheme a launching pad for success of DBT, other products

Allegations of large-scale misuse of Jan Dhan accounts by black money hoarders seeking to convert their illegitimate wealth in cash during demonetisation are yet to be proved.

Why the BJP's much-feted aspirational districts scheme has failed to gain ground
Business

Why the BJP's much-feted aspirational districts scheme has failed to gain ground

In a true marketing-savvy style that has come to be associated with the regime, the backward districts were to be henceforth called aspirational districts

Deposits in Jan Dhan accounts inch towards Rs 1 lakh crore mark; total stand at Rs 96,107 crore
Business

Deposits in Jan Dhan accounts inch towards Rs 1 lakh crore mark; total stand at Rs 96,107 crore

The total balance in the Jan Dhan accounts, which has been steadily rising, was at Rs 97,665.66 crore as on 3 April, as per the latest government data

Arun Jaitley to meet heads of public sectors banks tomorrow; to review financial performance, bad loan situation
Business

Arun Jaitley to meet heads of public sectors banks tomorrow; to review financial performance, bad loan situation

The meeting will review the annual financial performance of public sector banks, credit offtake in the economy, priority sector lending and progress made under various social sector schemes

Over 20 lakh people join modified Jan Dhan Yojana, takes total number of account holders to 32.61 crore
Business

Over 20 lakh people join modified Jan Dhan Yojana, takes total number of account holders to 32.61 crore

As many as 20 lakh people have joined the modified Pradhan Mantri Jan Dhan Yojana (PMJDY).

Govt makes flagship financial inclusion scheme 'Jan Dhan' open-ended with more incentives, says Arun Jaitley
Business

Govt makes flagship financial inclusion scheme 'Jan Dhan' open-ended with more incentives, says Arun Jaitley

Launched in August 2014, the first phase of the Pradhan Mantri Jan Dhan Yojana (PMJDY) was focused on opening basic bank accounts and RuPay debit card with inbuilt accident insurance cover of Rs 1 lakh.

72nd Independence Day: Narendra Modi's speech to stream on YouTube; PM likely to push for greater financial inclusion
India

72nd Independence Day: Narendra Modi's speech to stream on YouTube; PM likely to push for greater financial inclusion

Narendra Modi is likely to announce pilot projects of Ayushman Bharat and push for financial inclusion in his Independence Day speech.

Govt says 20% or over 6  cr accounts opened under Pradhan Mantri Jan Dhan Yojana lying dormant
Business

Govt says 20% or over 6 cr accounts opened under Pradhan Mantri Jan Dhan Yojana lying dormant

An estimated 31.20 crore Jan Dhan accounts with an aggregate deposit balance of over Rs 75,000 crore were opened till February, out of which 25.18 crore (or 81 percent) were operative, Minister of State for Finance Shiv Pratap Shukla told the Rajya Sabha

Budget 2018: With more funds, Jan Dhan can graduate from savings to wealth creation
Business

Budget 2018: With more funds, Jan Dhan can graduate from savings to wealth creation

Jan Dhan accounts could be used for income generating activities in poultry, piggery, goatery etc

Fact-checking Narendra Modi: 13 of prime minister’s 16 claims on govt schemes true or partly true, 3 false
India

Fact-checking Narendra Modi: 13 of prime minister’s 16 claims on govt schemes true or partly true, 3 false

Narendra Modi at the Hindustan Times Leadership Summit he defended his term so far by listing out the steps he had taken towards a “systemic overhaul"

Financial inclusion in India must focus on informal sector, says Grameen Foundation chief Prabhat Labh
India

Financial inclusion in India must focus on informal sector, says Grameen Foundation chief Prabhat Labh

Financial inclusion needs to focus on the entire informal sector rather than individual customers, according to Prabhat Labh, chief executive of Grameen Foundation India, the country arm of Washington-DC-based microfinance non-profit Grameen Foundation.

As equities boom, stock market inclusion can be the next big thing to propel economic growth
Business

As equities boom, stock market inclusion can be the next big thing to propel economic growth

Today we have around three crore registered investors in the capital markets, which form barely two percent of the entire population.

SBI spent Rs 775 cr in maintaining Jan Dhan accounts says govt
Business

SBI spent Rs 775 cr in maintaining Jan Dhan accounts says govt

Bank-wise and year-wise information on the cost of operation of Pradhan Mantri Jan Dhan accounts is not maintained