Instead of hamstringing public sector banks with social schemes, it is time to transfer many of these financial tasks to India Post. Public sector bank employees are so overwhelmed by the sheer number of government-sponsored schemes they are saddled with, that they have begun to come up with parodies. One such spoof scheme is what […]
Inclusion and opportunity
To be a catalyst for growth, financial inclusion must also be commercially viable. The opening of more than 11.5 crore bank accounts under the Jan Dhan Yojana (JDY) in less than a year is no doubt a tremendous achievement. It has been nearly 10 years since the term “financial inclusion” started gaining currency in Indian banking. […]
Awareness camp on new insurance schemes held
On the occasion Bank officials educated the public about the benefits and other conditions and formalities for availing benefits of these insurance schemes. An awareness camp was organized by the Lead Bank Officer(LBO) Ramban, here today at Maitra Community Hall to aware general public about the Pradhan Mantri Jeevan Jyoti Bima Yojna and PM Suraksha […]
Banks to hold enrolment camps in Asaigoli, Mudipu
The camps are being held to help people utilize various government aid programs and open bank accounts. Syndicate Bank, the lead bank of the district, will hold camps in Asaigoli and Mudipu near Mangaluru on Sunday to enrol people for three social security schemes launched by the Prime Minister. Other banks namely Union Bank, Canara […]
Enrol MNREGA workers under social scrutiny schemes: Govt
In a communication sent to all states including Congress- ruled Kerala, Union Rural Development Ministry has also asked them to disburse MNREGA wage payment through the banking network operated by banking correspondents wherever functional banking correspondents are deployed by the banks. Celebrating one year in office, the NDA government has asked states to enrol all […]
BJP to popularise Centre’s social security schemes to mark NDA anniversary
The BJP city unit is popularising various social security schemes launched by the Centre to mark the completion of one year of the NDA government under Prime Minister Narendra Modi. The party leaders and workers on Sunday distributed forms to enrol people for the insurance and pension schemes launched by Mr. Modi early this month. […]
Modi government’s social security schemes: How less than Rs 20 a day can secure financial future
Some recent schemes launched by the government may not be of much relevance to you but for a miniscule amount, you can ensure a comfortable financial future of those who make your life easier. 1) Atal Pension Yojana WHAT IT OFFERS: Pension between Rs 1,000 and Rs 5,000 a month. WHAT IT COSTS: For a […]
आम आदमी को रास आईं मोदी सरकार की बीमा और पेंशन योजनाएं
गरीबों को सामाजिक सुरक्षा उपलब्ध कराने की दिशा में मोदी सरकार की किफायती बीमा एवं पेंशन योजनाओं को लेकर लोगों, विशेषकर कमजोर वर्ग, में भारी उत्साह है और उन्हें यह लगने लगा है कि कोई अनहोनी होने पर उनके परिजन “दाल-रोटी” के लिए नहीं तरसेंगे। गत नौ मई को कोलकाता में प्रधानमंत्री नरेन्द्र मोदी द्वारा […]
Fine print in govt-promoted insurance schemes
Personal accident cover is good but life insurance plan isn’t cheap and pension plan is rigid on withdrawals A few days earlier, three government policies – Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and the Atal Pension Yojana – were launched with much fanfare. These primarily aim at affordableinsurance to the […]
Cosmos Bank ties up with New India Assurance and LIC
The Cosmos Co-operative Bank– the oldest and tech-savvy multi-state scheduled bank has tied-up with New India Assurance for Pradhan Mantri Suraksha Bima Yojana and with Life Insurance Corporation of India for the Pradhan Mantri Jeevan Jyoti Yojana informed Krishnakumar Goyal – Chairman Cosmos Bank. Goyal informed that Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri […]