CAN ANY ONE EXPLAIN WHAT PURPOSE WOULD REALLY BE ACHIEVED IF EVERY ONE WOULD HAVE A BANK ACCOUNT? WHETHER PMJDY WOULD LIFT THE PUBLIC SECTOR BANKS TOO? It is a fact that PSU bank staff are under tremendous pressure to burn the midnight oil in making this scheme a success. And what is the purpose served by opening a bank account with zero balance? Instead of addressing the core issues of poverty, the government appears to be offering the public a bank account as a seeming panacea. Mr. Modi will do well to verify how many such non-frill accounts were opened by PSU banks during the UPA regime in the name of financial inclusion, and how many of them remain in operation today. After reporting the numbers, banks closed most of them. Were the accounts under PMJDY opened from specific target groups? Or was it a mad scramble for numbers by the bankers to satisfy their new political masters? Has there been any specific fund allocation for the scheme to justify the grandiose vision?
Posted on: Tue, 02 Sep 2014 15:06:53 +0000
Trending Topics
Recently Viewed Topics
© 2015