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
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