by admin | May 25, 2021 | Banking, News, Politics
New Delhi : Prime Minister Narendra Modi on Monday congratulated the beneficiaries of the Jan Dhan Yojana upon completing three years, calling it a historic initiative for the poor.
“Today, the Jan Dhan Yojana completes three years. I congratulate the crores of people, particularly the poor, who benefited from this initiative.
“Jan Dhan Revolution is a historic movement to bring the poor, downtrodden and marginalised into the financial mainstream,” Modi said in a statement issued by his office.
“Through Jan Dhan Yojana, social security schemes, MUDRA and Stand-Up India, we have given wings to millions of aspirations.
“Our efforts to bring a qualitative and transformative change in the lives of the poor and marginalised continue with immense vigour,” he added.
—IANS
by admin | May 25, 2021 | Economy, News
New Delhi, (IANS) Renewing calls for India to move towards a “cashless society”, Prime Minister Narendra Modi on Sunday said this was essential to curb black money in the country.
Exhorting citizens to begin using the “electronic technological” payments systems put in place, Modi in his ‘Mann ki Baat’ address over All India Radio said: “I urge fellow citizens to begin using the electronic modes of cashless transaction and illegal businesses will close down, black money will disappear.”
“Through electronic-technological means we can now both pay and receive money. The world is moving towards a cashless society,” he said.
The prime minister also said the move towards such a society was being enabled by the government’s JAM initiative — Jan Dhan Yojana, Aadhar and Mobile — to implement direct transfer of benefits.
“Through the JAM trinity, we can move towards a cashless society,” Modi said.
“RuPAY cards have been given with Jan Dhan accounts and in the coming days these will have credit and debit card facilities, to disincentivise cash transactions,” he added.
RuPAY cards were launched by the National Payments Corporation of India to address the needs of Indian consumers, merchants and banks.
The benefits of RuPay debit card are flexibility of the product platform and high levels of acceptance.
