Atal Pension Yojana (APY) Scheme

Financial Inclusion in India

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Devising capital protection scheme to allay fears of volatility eating into NPS: Hemant G Contractor

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Devising capital protection scheme to allay fears of volatility eating into NPS: Hemant G Contractor The pension fund regulator is devising a capital protection scheme to allay subscribers’ fears of market volatility eroding their investment in the National Pension Scheme (NPS). The pension fund regulator is devising a capital protection scheme to allay subscribers’ fears […]

Urban bank signs MoU with insurance company

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Urban bank signs MoU with insurance company The Pondicherry Cooperative Urban Bank Limited on Monday signed a Memorandum of Understanding (MoU) with National Insurance Company Limited for implementing Pradhan Mantri Suraksha Bima Yojana (PMSBY), a Union government scheme to provide security against personal accidental risk and permanent or partial disability. Accident coverage A bank official […]

Making financial inclusion viable

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Making financial inclusion viable Recently launched social schemes can improve business for rural banking outlets Financial inclusion has been high on the Modi-led Government’s agenda. Apart from mandating banks to open more accounts in rural areas, the Centre is also pitching to make financial inclusion initiatives more viable this time around. For one, the government’s […]

Is thoughtless introduction making pension system lose its credibility?

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Sporadic launching of popular social security schemes has become a fashion for governments. The recently launched Atal Pension Yojana, will definitely provide some work and funds to the administrators of NPS and but may not to the subscribers Eventually India has to debate the rationale for back-door introduction of National Pension System (NPS), denying an […]

Centre’s insurance schemes a huge success in Goa

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More than ten per cent of bank account holders in Goa have enrolled themselves for the Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY), according to latest information received by ‘The Navhind Times.’Actual percentage may even be higher, as of the 22.75 lakh bank account […]

Not many takers for PM’s social security schemes in Meghalaya

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The three social security schemes launched by Prime Minister Narendra Modi on May 9, 2015 – Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Yojana and Atal Pension Yojana – have generated lukewarm response from people in Meghalaya. Speaking to The Shillong Times, State Bank of India (DGM), Deepak Lala informed that in Meghalaya […]

Maximising the post office

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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

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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. […]