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Wednesday, October 8, 2014

Jan Dhan Yojana: PM lauds bank staff for successful rollout

The Prime Minister Narendra Modi has commended bank officers and staff for the excellent work put in by them in rolling out the Pradhan Mantri Jan Dhan Yojana (PMJDY) successfully.

In an e-mail sent out to bank staff and officers, Modi said he was delighted by the unprecedented response PMJDY had received so far.

Over 5 crore bank accounts have been opened within five weeks of launch against a target of 7.5 crore accounts in the first year, he said.

“This is primarily due to your diligence and commitment. I had urged you to ensure that no one is left behind without a bank account. I always had faith in the ability of our system to rise to any challenge and with your unflinching dedication, sense of purpose and hard work, your results have far exceeded expectations”, Modi said.

At the same time, Modi also cautioned that reaching the last few who do not have bank accounts was going to be progressively more difficult.

“We must not slacken our efforts in ensuring full coverage”, he said.

Modi said this was also the time to reflect and make mid-course corrections as required. A lot of effort will be required in promoting financial literacy amongst the new account holders.

New accounts also need to be kept alive and properly utilised. Aadhaar numbers will need to be seeded in bank accounts. Facilities like e-KYC must be gainfully utilised.

Also, bank branches and bank mitras will have to play a more proactive role so that every account holder is reached by a banking agent regularly, Modi said.

Source : The Hindu


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