Out of total 430.4 million PMJDY accounts, 368.6 million or 85.6 per cent are operative, and the average deposit per account is Rs 3,398
PM Modi Saturday lauded his government's 'Pradhan Mantri Jan Dhan Yojana' as it completed seven years
Pradhan Mantri Jan Dhan Yojana (PMJDY) is a flagship scheme of the government to promote financial inclusion
Even with hindsight, hard to say demonetisation was a success
Financial Inclusion is a national priority of the government as it is an enabler for inclusive growth, the finance ministry statement said
He also said digital connectivity is a resourceful ally in transforming people's lives
Rajan cautioned that one should not mistake pent up consumption for normal consumption.
The slow pace of withdrawals confirms what Reserve Bank of India Governor Shaktikanta Das stated in his monetary policy statement on Friday: 'Private consumption has suffered a precipitous decline'
The transfer has been staggered over a period of five days to avoid rush at the bank branches
But never have I been so thankful for my decision to quit my life in Mumbai and shift to Santiniketan as I have been in these times of the coronavirus
There is a view that an extension is not warranted. It suffices to lock down areas with incidence of coronavirus
To ensure that social distancing is maintained at the bank branches, the department of financial services, under the finance ministry, has issued guidelines to all banks
While the PM has led from the front and states have deftly helped the affected, our poor healthcare infra and stretched fiscal situation have exposed some chinks in India's armour, writes T N Ninan
PMJDY, launched on August 27, 2014, by Prime Minister Narendra Modi, was aimed at providing financial services to the poor.
The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT means
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Prices of onion in many places have crossed Rs 100 per kg
This is despite their strong branch network and plans to expand retail banking operations; PSB lead race, accounting for 70% of such accounts opened in the state
While accounts have been opened, a major chunk of the customers have no clue what to do with it
The PMJDY was launched on August 28, 2014, with an aim to provide universal access to banking facilities to the people in the country.