Dhanchayat video vans with micro-ATM’s will cover 5000 villages
Geetanjali Minhas | July 31, 2015 | Mumbai
To bring awareness about dangerous consequences of borrowing money from unorganised financial sector, HDFC Bank Ltd has launched an educational video film called ‘Dhanchayat’.
As part of HDFC Bank’s swachch banking initiative for rural India the film shows methods of clean and convenient banking.
The Dhanchayat video vans with micro-ATM’s will have biometric facility to enable instant e-KYC (know your customer) using Aadhaar. The vehicles will travel across rural areas spanning east, west south, north and central India.
The aim is to educate the rural population about the importance of transparency in dealings as also the dignity and self respect of the individual in borrowings. The vans will be stationed at typical assembly points in villages such as haats, bazaars, melas and village panchayats
In line with the government financial inclusion, the programme was launched by Aditya Puri, managing director of HDFC Bank and deputy managing director Paresh Sukhtankar.
The vans will cover 5,000 villages across the country and encourage local population to join the organised banking sector. The initiative will be scaled up later. “Iit is a board mandated objective at HDFC Bank to support inclusive growth. We believe this cannot be achieved in an environment where misinformation and a lack of familiarity with the organised finance is pushing people towards unorganised sources of finance” said Suktankar.
Not only Dhanchayat reinforces Pradhan Mantri Jan Dhan Yojana, but it also will help impact the initiative the way it should.
“Often customers have accounts, they do not operate them. Similarly people may have accounts but not be aware of services available and don’t know if they should or should not transact. Dhachayat would probably help overcome some of those inhibitions and make those accounts instruments of financial inclusion. This is about banking as against informal sector which is part of their community and creating awareness and demand so people can benefit out of it,” he said.
Tejas Express, a semi-high speed train, is supposed to run at 200 kmph. But, on its inaugural run between Mumbai to Karmali (Goa), it touched a maximum speed of 110 kmph. A few days before it was flagged off by railway minister Suresh Prabhu on May 22, Indian Railways claimed that the train
The National Human Rights Commission has issued a notice to the Jharkhand government and sought a report over 1,000 children being reportedly abducted and recruited by Maoists over the past few years. The commission cited a news article and said that it brings forth the sta
In 1998, as a 12-year-old, I was fascinated by the spectacle on display in the streets of Chandni Chowk, where I grew up, during the Chaudhvin Ka Chand festival, which recreated the Mugh
What restricts MOOCs’ acceptance despite having credits? It is just a matter of time. India has been used to the traditional way of education. However, the fact that India is the second biggest learner base for edX, after the United States, speaks volumes ab
Sameer Srivastava, a school topper from Meerut in Uttar Pradesh, wanted to study in an IIT like any other engineering aspirant. But getting into an institution where only less than one percent of the applicants are selected was a big hurdle. Not cutting the IIT mark, Sameer decided to settle for an
There was a time in India when one had to go to a university and be physically present to attend classes in order to earn a degree. Then came distance education, making higher education easily accessible to one and all. The Indira Gandhi National Open University – better known by its ac