Jan Dhan scheme News

This system has already saved the nation Rs 3.48 lakh crore in leakages and inefficiencies, she informed. 

Sitharaman also appreciated PM Modi's move of introducing several women as ministers during the recent Union Cabinet expansion. There are presently 11 women ministers in the Union Cabinet.

Prime Minister Narendra Modi would meet a large number of rickshaw and cart pullers during a visit to his Varanasi parliamentary constituency on Friday, officials said.

State Bank of India expects its accounts under the Jan Dhan scheme to break even next year given the healthy growth in average deposits in these accounts, while total deposits have more than doubled to Rs 5,125 crore as of June-end.

Advocating deeper broadband penetration to ensure success of Jan Dhan scheme, telecom regulator TRAI's chief Rahul Khullar on Wednesday said financial inclusion will otherwise remain a "pipe dream" and merely opening bank accounts will not serve the purpose.

Over six crore bank accounts have been opened so far under the Pradhan Mantri Jan Dhan Yojana (PMJDY), Finance Minister Arun Jaitely said on Saturday.

Government has asked all state-owned general insurers and country's largest life insurer LIC to finalise the micro-insurance products to be sold to account holders in the second phase of the Jan Dhan scheme to be rolled out from January 26.

The Finance Minister in consultation with LIC has finalised arrangement for payment of premium towards life insurance cover under Jan Dhan scheme.

Expecting the government's efforts to expand financial inclusion to help curb ponzi menace, Sebi chief U K Sinha has said that agents, lured by 20-30 percent commissions, have been pushing illicit schemes among gullible investors in the absence of good savings products.

Hailing Prime Minister Narendra Modi's 'Jan Dhan Yojna', the US-India Business Council (USIBC) today described it as an "important step" toward the next stage of India's social and economic development.

State Bank of India on Friday welcomed the 'Jan-Dhan Yojana' launched by Prime Minister Narendra Modi and said it will give a boost to the government's ambitious financial inclusion drive.

Seeking to integrate the poor into formal banking channel, Prime Minister Narendra Modi on Friday announced 'Pradhan Mantri Jan Dhan Yojana' under which they will be provided a bank account with the facility of a debit card and a built-in insurance cover of Rs 1 lakh.