Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
nirmala sitharaman 3
September 18, 2021

Fin Min Credits JAM Trinity As Game-Changer; Expanded Reach To The Poor

admin Financial Leadership

The Jan Dhan-Aadhar-Mobile (JAM) trinity has proven to be the game changer as it has brought many, even in the farthest corners during the pandemic into the ambit of financial inclusion.

Finance Minister Nirmala Sitharaman said that the Jan Dhan-Aadhaar-Mobile (JAM) trinity has proved to be a game-changer and helped in reaching out to the citizens living in the farthest corners of the country, during the coronavirus pandemic. She was addressing the Rashtriya Bank Parishad-organised ‘Manthan’, a one-day meeting in Aurangabad, which she inaugurated virtually.

Looking back at the questions that abounded when the Jan Dhan scheme was launched initially, the initiative has reached the farthest person in the country.

“The inclusion of people in Jan Dhan stood by us in the COVID-19 pandemic, and we could help the people directly so that they can live their lives,” Sitharaman added. She further noted on how Aadhaar linkage also helped in getting KYC-verified accounts.

“It helped us to get a credible robust structure through which banking, financing facilities could reach people. The last of the trinity, that is mobile, where every information about the deposit, benefits of government schemes (MNREGA) or the subsidies in the account, was sent even in regional languages,” she said.

The Minister said the Rashtriya Bank Parishad would prove to be beneficial for this region of Maharashtra. Union Minister of State for Finance Bhagwat Karad, who chaired the conclave, said the focus henceforth would be on opening Jan Dhan accounts of those who have reached the age of 18. The focus will also be on opening accounts in 111 aspirational districts across the country. The agenda of discussion in Aurangabad included difficulties in availing Mudra loans and the agriculture sector, he said. Punjab National Bank CEO and MD S S Mallikarjun Rao said, “The government has taken timely and impactful measures to bring the economy on track. It helped those who lost their jobs, entrepreneurs, industry and agriculture segment of the country.”

Rao added that the contribution of Maharashtra in the country’s economy is “lion’s share” in terms of industrialisation and developing entrepreneur skills in the state, and it has a healthy deposit ratio.

(PTI)

→

Scrapping Of Retro Tax Has Increased Govt-Industry Trust : Rajnath Singh Bugs And Glitches Persist On IT Portal, Infosys Misses Deadline

Related Posts

sahil-vaidya-image

Financial Leadership

OMTV Appoints Sahil Kiran Vaidya As Head Of Business And Strategy

Xavier-PRabhu-IPREX-Regional-Director-1

Financial Leadership

Xavier Prabhu To Join IPREX Leadership Team

Srinivasan-Nadadhur-CFO-eClerx

Financial Leadership

eClerx appoints Srinivasan Nadadhur as CFO

Movements

  • adobe danDan Durn Appointed As Adobe’s New Chief Financial Officer
  • Vineet Mahajan_Vineet Mahajan Appointed As New CFO Of Avanse Financial Services On Sept 27
  • bharat pet director financeVetsa Ramakrishna Gupta To Lead Bharat Petroleum As Director Finance
  • tender cuts cfoTenderCuts Names Satya Rakesh as New CFO
  • dailmer CFOManish Thakore Helms Daimler India Commercial Vehicles as CFO

Selected Stories

  • start-upCash-strapped Pak Secures Deal With IMF To Restore Stalled USD 6 Bn Aid

    Read more

  • sahil-vaidya-imageOMTV Appoints Sahil Kiran Vaidya As Head Of Business And Strategy

    Read more

  • indian rupeeInvestors richer by over Rs 5.77 lakh cr as markets rally

    Read more

  • 20211208_135038Mutual Funds Can Resume Investing In International Stocks: Sebi

    Read more

  • green energyIndia Needs $223 Bn To Meet 2030 Renewable Capacity Goals: Report

    Read more

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.