DeitY's target: 32,000 rural e-kiosks to act as bank agents

Common services centres may come handy in implementing Pradhan Mantri Jan Dhan Yojana, which would cover 7.5 crore households, with at least one bank account

pratap

Pratap Vikram Singh | August 28, 2014



The department of electronics and information technology (DeitY) has set a target of making 32,000 common services centres (CSCs) as business correspondents by March 2015.

CSC is a part of national e-governance plan intended to set up internet-enabled kiosks in villages to deliver services electronically to people. 

As of now, 15,000 centres are acting as business correspondents. Speaking on the sidelines of an annual conference on financial inclusion through CSCs, Dr Dinesh Tyagi, CEO, CSC special purpose vehicle (SPV), a nodal body created by DeitY to oversee the rural kiosks project, said on an average 150 banking transactions take place in each of these CSCs.

CSC SPV has tied up with 27 public sector banks to make village level entrepreneurs, who would run the kiosks as banking correspondents. The agency is now collaborating with private sector banks. Banks including Axis, Federal and ICICI are already on board, he said.

These centres also sell insurance and pension products. The CSC network had got pension fund regulatory and development authority (PFRDA) accreditation in 2013.

The CSCs would soon start to enroll people for bank accounts using eKYC, which until was being used by the private sector banks.

Meghalaya, Sikkim and Maharashtra are better performing states in terms of banking transactions. In terms of overall performance, the performing states include Andhra Pradesh, Rajasthan, Karnataka and Madhya Pradesh, Tyagi said.

Prime minister Narendra Modi is expected to launch Pradhan Mantri Jan Dhan Yojana (PMJDY), which is aimed at covering 7.5 crore households with at least one bank account, tomorrow. Financial literacy has been accorded priority under the PMJDY. A standardized financial literacy material has also been prepared in vernacular languages to create awareness about the Yojana. Tyagi said CSCs will are located in rural areas will come handy for the government to achieve this target.

The new government, under its Digital India programme, plans to add over one lakh centres, taking the number of centres to 2.5 lakh.

Comments

 

Other News

Why Ayurveda needs a new apex body

Ayurveda: The True Way to Restore Your Health and Happiness By Dr. G. G. Gangadharan Ebury/Penguin, 224 pages, Rs 299 Dr G.G. Gangadharan, a champion of Ayurveda for three and a half decades, has penned an introductory book on India’s ancient

‘Extend Mumbai Model post-pandemic to improve civic services’

The ‘Mumbai Model’, which helped the city beat Covid-19, came in for praise from the supreme court too. The BMC can now extend that model of decentralisation for more efficiency in day-to-day citizen services and to make Mumbai a better-managed and future-ready city, says the Praja Foundation.

“No ratings certainly better than bad ratings”

Though there is no weekly viewership data for individual news channels coming since mid-October 2020, after allegations of manipulation of television rating points (TRPs) by three news channels, percentage of viewers watching news across the world doubled during lockdown. According to Avinash Pandey, CEO,

Delhi plans implement ‘Mumbai Model’ soon

A team of the Delhi government’s health department has visited Mumbai to learn from the city’s officials how to battle Covid-19 more efficiently, following the supreme court’s advice last month that the capital should learn from the ‘Mumbai model’ that has successfully control

Why India’s ranking on Happiness Index has been falling

The World Happiness Report, one of the best tools for evaluating global happiness, is based on how ecstatic people perceive themselves to be. It considers six characteristics to rank countries on overall happiness: GDP per capita, social support, life expectancy, freedom to make choices, generosity, and pe

Can people with allergies take the shot? Experts answer FAQ on vaccination

* If I have contracted Covid, after how many days can I get myself vaccinated? * Can people with allergies get vaccinated? * Can pregnant women take the vaccine?  What about lactating mothers? * Do I get enough antibodies after getting vaccinated?

Visionary Talk with Avinash Pandey, CEO ABP News Network on News Broadcast - Issues & Its Future



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter