Latest news with #MantriJanDhanYojana
NDTV
7 days ago
- Business
- NDTV
Jan Dhan Account Holders Can Complete Re-KYC Till September 30: RBI
New Delhi: RBI Governor Sanjay Malhotra announced on Wednesday that a large number of Pradhan Mantri Jan Dhan Yojana accounts have become due for re-KYC (Know Your Customer) updates, as the government's flagship financial inclusion scheme completed 10 years. Consequently, public sector banks are organising camps for re-KYC of Jan Dhan scheme accountholders at the panchayat level from July 1 to September 30, Malhotra said in his MPC speech. "The banks are organising camps at the Panchayat level in an endeavour to provide services at customer doorsteps. Apart from opening new bank accounts and re-KYC, the camps will focus on micro insurance and pension schemes for financial inclusion and customer grievance redress," the Governor said. Re-KYC is a simple process where one can update their personal and address details to keep their records up to date with the bank where they have accounts. RBI today also announced a policy for settlement of claims in respect of bank accounts, and articles kept in safe custody or safe deposit lockers of dead bank customers. This is expected to make settlement more convenient and simpler. Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a government financial inclusion programme to ensure access to financial services, namely, basic savings and deposit accounts, remittance, credit, insurance and pension in an affordable manner. Under the scheme, a basic savings bank deposit (BSBD) account can be opened in any bank branch or Business Correspondent (Bank Mitra) outlet, by persons not having any other account. Rupay debit card is provided to the PMJDY accountholder. Accident insurance cover of Rs 2 lakh is available with RuPay card issued to the PMJDY account holders. "Pradhan Mantri Jan Dhan Yojana has transformed access to financial services for the poorest. It has bridged the gap between banks and the unbanked, promoting dignity, self-reliance and economic inclusion," PMO India said in a post on X. As of date, over 55.90 crore accounts have been opened under PMJDY. Further, the government has taken many initiatives to deepen financial inclusion and ensure that access to basic banking services. In this direction, 53.85 crore loans amounting to over Rs 35.13 lakh crore have been sanctioned under the Pradhan Mantri MUDRA Yojana (PMMY). The PMMY provides collateral-free credit of up to Rs 20 lakh to micro and small enterprises, thereby enabling self-employment and income generation. The panchayat level camps are also facilitating registrations for several key schemes, including the Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, and Atal Pension Yojana.
Business Standard
05-08-2025
- Business
- Business Standard
Over 55.90 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana
Ministry of Finance stated in a latest update that the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014 marked a significant step in banking the unbanked by facilitating the opening of basic savings bank deposit accounts, with associated features such as RuPay debit cards and an in-built overdraft facility. As on date, over 55.90 crore accounts have been opened under PMJDY. The Government has undertaken several measures to ensure that credit inclusion complements deposit inclusion, with a strong focus on funding the unfunded. Further, Reserve Bank of India (RBI) mandates Priority Sector Lending (PSL) targets to ensure that credit flows to sectors such as agriculture, micro and small enterprises, weaker sections, and other underserved areas of the economy.
Hans India
17-07-2025
- Politics
- Hans India
BJP chief calls upon partymen to adopt booth-centric strategy
Hyderabad: Telangana BJP chief N Ramchander Rao stressed at the concluding session of the mandal and division presidents' workshop held in Ghatkesar, calling upon party workers to adopt a booth-centric strategy to secure electoral victory. Addressing the meeting on Wednesday, he highlighted the indispensable role of party workers and underscored the position of grassroots engagement as the cornerstone of the BJP's political campaign in Telangana. Rao opened by urging every worker to commit wholeheartedly to the mantra, 'Victory is born in the booth,' asserting that the path to securing constituencies—and ultimately, the state—begins at the polling booth level. He emphasized that workers are the lifeblood of the party and must be recognized, respected, and encouraged for their efforts. The workshop served as a strategic forum for reinforcing the party's outreach goals. Rao stressed the importance of addressing local issues across divisions and mandals and holding the incumbent state government accountable for its failures. He stated that BJP leaders must become the voices of the people and actively bring their grievances into public discourse. Turning to achievements at the national level, Rao spotlighted several flagship initiatives under Prime Minister Narendra Modi's leadership. He cited the success of the Pradhan Mantri Jan Dhan Yojana, which has brought 80 crore citizens into the banking system, making them direct participants in the national economy. By leveraging Direct Benefit Transfer (DBT), he explained that beneficiaries now receive financial aid without the interference of middlemen, effectively curbing corruption. Rao drew contrasts between the current central government and the preceding United Progressive Alliance (UPA), accusing the latter of widespread scams and neglecting public welfare. In contrast, he described Modi's tenure as transformative, particularly for marginalized communities. He also highlighted social security schemes such as the Atal Pension Yojana, Pradhan Mantri Suraksha Bima Yojana, and Pradhan Mantri Jeevan Jyoti Bima. He revealed that Telangana alone has 48 lakh beneficiaries, indirectly impacting 1.5 crore family members, underscoring the tangible reach of these initiatives. Further, Rao praised the Pradhan Mantri Mudra Yojana for empowering youth and entrepreneurs by offering interest-free or low-interest loans. He noted that this scheme has sparked financial independence among lakhs of young individuals and contributed to the growth of small and medium-sized enterprises across the nation. He asked the leaders and party workers to make concerted efforts to win every booth, secure every constituency, and make Telangana a BJP stronghold. For this, he stressed the core BJP vision of grassroots empowerment, transparency in governance, and inclusive development.
