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.
As India celebrates 70 years of freedom, Governance Now looks back and picks 70 words – or phrases, buzzwords, slogans, events – that best define this ancient nation and young democracy. Here, you will find much to be proud of, much tinged with pangs of nostalgia. Then there are entries that
Dr Kenneth E Thorpe, a professor of health policy and management at Emory University in the US and also the executive director of Partnership to Fight Chronic Diseases (PFCD), says that the government alone cannot do everything. “They don’t have the resources and capacity. So we have to fin
Energy Efficiency Services Limited (EESL), a joint venture company of PSUs of ministry of power, signed an agreement with oil marketing companies (OMCs) of ministry of petroleum and natural gas for distribution of energy efficient appliances under the flagship Unnat Jeevan by Affordable LEDs and applianc
Union minister for civil aviation, P Ashok Gajapathi Raju inaugurated the upgraded passenger terminal building of Jammu airport. Notably, Jammu airport belongs to the Indian Air Force, and airports authority of India (AAI) maintains a civil enclave for civil aircraft operat
The election commission has become increasingly assertive in the past few months, showing its mettle in times of electoral challenges. Weeks after rooting from EVMs and just days after the poll panel declared votes cast by two rebel Congress legislators in the Rajya Sabha e
Is Amit Shah`s blueprint for 350-plus seats in 2019 Lok Sabha elections achievable?