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.
The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on August 28, 2014 with an aim to provide universal access to banking facilities to all households
The government has shifted the focus on accounts from 'every household' to 'every unbanked adult'
SBI has started to reap profits as a total of Rs. 260 billion has been deposited with them under PMJDY so far
Launched in August 2014, the first phase of the PMJDY scheme was focused on opening basic bank accounts and RuPay debit card with inbuilt accident insurance cover of Rs 100,000
A staggering 295 million accounts have been opened under the scheme, according to data
On the completion of three years of the Jan Dhan Yojana, Prime Minister Narendra Modi today said the government has given "wings to millions of aspirations" through this scheme as also the social security schemes, Mudra yojana and Stand-Up India programme. He said the government's efforts to bring about a qualitative and transformative change in the lives of the poor and marginalised continue with "immense vigour". "Today, Jan Dhan Yojana completes 3 years. I congratulate the crores of people, particularly the poor, who benefitted from this initiative," Modi tweeted. "Jan Dhan Revolution is a historic movement to bring the poor, downtrodden and marginalised into the financial mainstream," he added. In another tweet, he said, "Through Jan Dhan Yojana, social security schemes, MUDRA & Stand-Up India, we have given wings to millions of aspirations." Yesterday, the prime minister had said that 30 crore new families have got Jan Dhan accounts in which almost Rs 65,000 crore have
PSBs account for Rs 50,800 cr, rural banks for Rs 11,683 cr, private banks for Rs 2,080 cr
The discussions are about how to make the process simpler for the poor and more cost-effective for telecom operators
The meeting will also discuss various steps taken to expedite recovery of bad loans
PMJDY accounts quadrupled from 53 million in September 2014 to 219 million in May 2016
MicroSave says 33% of customers claim this is not their first account
He also said the "concerted efforts" to tackle the menace of black money stashed abroad have started yielding results