Voice of Maharashtra

Jandhan, Aadhaar and Mobile enhance the quality of banking system in India - Nirmala Sitharaman

Mumbai / Aurangabad, 17th
Union Finance Minister Nirmala Sitharaman said that the triad of Jandhan, Aadhaar and Mobile has taken India's banking system to new heights and is helping the marginalized to get government help and raise their living standards.
He inaugurated the one-day seminar on National Bank Council-Manthan held in Aurangabad today. She was talking at the time.
Prime Minister Narendra Modi launched the Pradhan Mantri Jandhan Yojana program with the aim of realizing the motto of 'Sabka Saath, Sabka Vikas' and the newly added 'Sabka Vishwas'. Bank accounts are being introduced under this scheme for all those who are away from the mainstream without any discrimination. The scheme has been launched with the objective that every deprived family should have at least one bank account, they should be able to do bank transactions without any hesitation, get in the habit of saving and at the same time avail the benefits of various schemes. It is because of this scheme that the government was able to reach out to these poor people and help them during Kovid-19, said Finance Minister Sitharaman. All Jandhan accounts have been linked to Aadhaar number, making it easier to identify the real beneficiaries. He also said that corruption was automatically curbed. All Jandhan accounts are linked to mobile numbers. Therefore, the information of every transaction in this account is communicated to the concerned account holder through SMS message, in particular, these SMS messages are being sent through regional language, said Sitharaman.
At present, the government is crediting the benefits of several schemes directly to the beneficiaries through this direct transfer scheme, she said.
Dr. Bhagwat Karad
Speaking at the conference, Minister of State for Finance Dr Bhagwat Karad said that emphasis should be laid on aspiring districts which have been neglected so far to achieve the objective of financial inclusion. More than 43 crore bank accounts have been set up so far and about 80 to 90 per cent of the people have completed bank accounts. Karad said.
After the launch of Pradhan Mantri Jandhan Yojana, many people in the country have completed 18 years of age. Karad did. The conference was initially inaugurated by lighting a lamp. Punjab National Bank Managing Director and Chief Executive Officer S. S. Introduced by Mallikarjun Rao. The conference was chaired by Union Finance Secretary B. K. Sinha, Indian Banks Association President Rajkiran Rai, State Bank of India President Dinesh Khara, Policy Commission Senior Advisor Mrs. Anna Roy, Maharashtra Industrial Development Corporation Chief Executive Officer Dr. P. Anbalgan, Bank of Maharashtra Executive Director Hemant Tamata etc. are present.