Shishir Tripathi | October 22, 2014
Some issues related to the pradhan mantri jan dhan yojana (PMJDY) have surfaced which even the RBI governor has flagged, like duplication of accounts. How do you plan to ensure effective implementation of the scheme and solving these problems?
We are aware of it, but it might have happened because some people may have felt that by opening an account under PMJDY they might get additional benefits which are being offered under the scheme, such as overdraft facility and insurance cover of '1 lakh. We are trying to educate people that the benefits which are being offered under PMJDY will also be available to account holders who had opened their accounts before the launch of this scheme. So, those who already have an account, do not need to get another account just to avail these benefits.
People are not totally aware about the provisions related to the overdraft facility and insurance cover. In many cases people are lining up in the banks asking for overdraft.
Sometimes there is misinformation in the system, but we will eradicate it by disseminating information, and through financial literacy. We are educating people through different means and we will overcome these problems very soon.
This interview appeared in the October 16-31, 2014 print issue
The central government is set to present a complex and comprehensive report of its revenues and expenditures throughout the financial year in the budget address on February 1. Modi led NDA government will present the interim budget this year as elections are set to take place in April.
Narendra Modi-led NDA government is due to present its last budget on February 1, before the 2019 general elections. Finance minister Arun Jaitley, who is currently in US for medical treatment, is likely to present the budget. This will be an interim budget of the NDA government.
The government has said that state-run BHEL and Libcoin are in talks to form a world class consortium to initially build 1 GWh (Gigawatt hours) lithium ion battery plant in India. The plant’s capacity will be enhanced up to 30 GWh after some time. With this, India has finally taken steps into its ene
The centre has given the green signal for regularisation of pay scales of board level executives in National Hydroelectric Power Corporation Ltd (NHPC), North East Electric Power Corporation (NEEPCO), THDC India Ltd. (formerly Tehri Hydro Development Corporation Ltd.) and Satluj Jal Vidhyut Nigam Ltd. (SJV
The government has given approved the project for capacity expansion of Numaligarh Refinery from 3 MMTPA (million metric tonne per annum) to 9 MMTPA. The plan envisages setting up of crude oil pipeline from Paradip to Numaligarh and product pipeline from Numaligarh to Sil
Maharashtra has been the pioneer in establishing a dedicated unit and necessary infrastructure for cybercrime investigation. It is headed by Brijesh Singh, an IPS officer, as special inspector general of police, cyber. After successfully implementing the crime and criminal tracking network and system (CCTN