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.
The Moral Contagion By Julia Hauser and Sarnath Banerjee HarperCollins, 140 pages, Rs 699 The world has lar
Addressing the Viksit Bharat Viksit Uttar Pradesh program in Lucknow on Monday, prime minister Narendra Modi launched 14,000 projects across the state, worth more than Rs 10 lakh crore at the fourth groundbreaking ceremony of UP Global Investors Summit held in February 2023. The projects relate to sectors
During the four days from Feb 16, more than a thousand birdwatchers throughout India are coming together with the goal of documenting as many birds as possible across the country’s diverse locations. Over one lakh birdwatchers globally participate in the annual Great Backyard Bird Coun
The Central Consumer Protection Authority has sought public comments on the ‘Draft Guidelines for Prevention of Misleading Advertisement in Coaching Sector’. The draft guidelines are placed on the website of the Department of Consumer Affairs and are accessible through the link:
In a landmark judgment, the Supreme Court of India has held the anonymous, unregulated and unlimited funding through electoral bonds and companies as unconstitutional. The five-judge Constitution Bench of the Supreme Court comprising chief justice DY Chandrachud and justices Sanjiv Khanna, B
The world is at the cusp of a revolution based on Industry 4.0 and green technologies, including AI, big data, IoT, EVs, solar power, etc., which offer developing countries the opportunity to leapfrog into economic prosperity. However, India’s gross expenditure on R&D (GERD) still stands at a mea