Hyderabad: PMJDY succeeding in bringing everyone under the purview of banking services: Banking Experts
PIB organized by Webinar on the occasion of the 7th anniversary of PMJDY
Banking experts are of the view that the Prime Minister’s Jandhan Yojana (PMJDY) is succeeding in bringing everyone under the purview of banking services. ‘
On the occasion of the 7th anniversary of the launch of the Prime Minister’s Jandhan Yojana (PMJDY), banking experts said in a webinar hosted by the Press and Communication Office (PIB) of the Union Ministry of Information and Broadcasting that Jandhan’s accounts had greatly contributed to the direct access of government assistance to the poor during the Kovid epidemic.
Addressing the webinar, Shri Ram Narayan Boga, General Manager, State Bank Institute of Rural Development, said that apart from providing government assistance to genuine beneficiaries through Jandhan accounts linked to Aadhaar and mobile numbers, it was possible to do so without the involvement of intermediaries.
Apart from providing unsecured loans to Jandhan account holders through ‘Mudra Yojana’, we also offer overdraft facility, life insurance and accident insurance facility. More than 43 crore Jandhan accounts have been opened in the country, of which more than 55 per cent are for women, said Shri Ram Narayan.
He said 11 crore eligible Jandhan accounts were yet to be opened in the country and efforts were being made to provide banking services to all of them in the current financial year. He explained to the Jandhan account holders about ‘Pradhan Mantri Jeevan Jyothi Bima Yojana’, ‘Pradhan Mantri Suraksha Bima Yojana’ and ‘Atal Pension Yojana’.
Telangana Grameen Bank Chairman Shri V. Arvind Speaking on the webinar said that while there were 14 lakh Jandhan accounts in their bank, more than 8 lakh of them were women. He said 75 per cent of Jandhan accounts in their bank were linked to Aadhaar.
“We are trying to provide ‘Pradhan Mantri Suraksha Yojana, Pradhan Mantri Bima Yojana’ facility to every Jandhan account holder by monitoring the accounts from time to time through a dashboard,” he said. A Jandhan client who died of electrocution recently was given a sum of Rs 2 lakh by his relatives within 48 hours of his death through the ‘PM Suraksha Yojana’.
Andhra Pradesh Grameen Vikas Bank chairman Mr K. Praveen Kumar, BM jandhan Yojna cornerstones of the six elements. Banking Correspondent, through bank mitras .. Making banking services available to all, “We are providing overdraft facility to Rs 10,000, promoting financial literacy by promoting the use of ATMs, setting up a credit guarantee fund to help banks in case of debt evasion, providing insurance cover to clients and providing pension facility to those in the unorganized sector,” he said. They said they had 16 lakh Jandhan accounts in their bank, two-thirds of which were women’s.
Zero Mass Corporate BC Director Shri Loknath Panda said that their company provides banking services in remote areas of the country through tens of thousands of outlets. He said the technology has greatly contributed to bringing banking services closer to the people through PMJDY.
PIB and ROB Director Mrs. Shruti Patil delivered the inaugural address and SBI Deputy General Manager Mr. Mohandas introduced the speakers.