Many banks adopt fraudulent practices to enrol customers in PMJJBY and PMSBY schemes purportedly due to the Modi government s pressure, a report claims.
The National Mission on Financial Inclusion, a.k.a. Pradhan Mantri Jan Dhan Yojana (PMJDY), was launched on this day in 2014. Over nine years, Jan Dhan accounts now number about 50 crore, with a deposit balance of over ₹2 lakh crore. More than 32 crore RuPay debit cards have been issued in these accounts, and 67% of the accounts have been opened in rural and semi-urban areas. Though there is no requirement of minimum balance under the scheme, the average balance per account has risen to ₹4,081.
IRDAI asks insurers to settle Odisha train accident claims proactively, publish claims-related information on their website on a daily basis for a week, and later, on a weekly basis for a month.