'Self-declaration from the customer in case of no change in KYC information or change only in the address details may be obtained.'
State Bank of India (SBI), in a report on Friday, claimed a significant decline in the headline poverty ratio in rural areas on account of enhanced physical infrastructure, higher consumption growth in the bottom fractile and direct benefit transfers (DBTs).
"The PMJDY has been the foundation stone for the Modi government's people-centric economic initiatives. "Whether it is direct benefit transfers, Covid-19 financial assistance, PM-KISAN, increased wages under MGNREGA, life and health insurance cover, the first step was to provide every adult with a bank account, which PMJDY has nearly completed," Nirmala Sitharaman said on the sixth anniversary of the scheme.
The RBI governor believes corruption ca be fought by streamlining the system.
The four leg canine 'soldiers' play a crucial role in saving lives of troops and civilians, reports Mayank Singh.
Policymakers should consider the challenges of beneficiary identification, distributor opposition and beneficiary financial inclusion.
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