{"id":6500,"date":"2014-08-29T11:16:00","date_gmt":"2014-08-29T11:16:00","guid":{"rendered":"http:\/\/dwarkaparichay.com\/blog\/2014\/08\/pradhan-mantri-jan-dhan-yojna-good\/"},"modified":"2018-06-04T16:28:34","modified_gmt":"2018-06-04T16:28:34","slug":"pradhan-mantri-jan-dhan-yojna-good","status":"publish","type":"post","link":"https:\/\/dwarkaparichay.com\/blog\/pradhan-mantri-jan-dhan-yojna-good\/","title":{"rendered":"Pradhan Mantri Jan Dhan Yojna: A good start which should be utilised to end misused subsidy"},"content":{"rendered":"
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SUBHASH CHANDRA AGRAWAL<\/i><\/b>
(Guinness Record Holder & RTI Activist)<\/b><\/p>\n

\u2018Pradhan Mantri Jan Dhan Yojna\u2019 launched by Prime Minister Narender Modi on 28.08.2014 getting tremendous popularity with record 1.5 crore bank-accounts with multiple facilities and equal number of Insurance-policies issued on the very first day of its launch in user-friendly and simple manner should rather be made compulsory to get any subsidy, insurance-claim or fund-transfer by government-agencies to individuals to prevent existing loopholes resulting in draining out public-money to undeserving ones. Even subsidy on cooking-gas should be returned back in bank-accounts opened under this scheme rather than giving directly as at present. Scheme can also be used to check frauds in grabbing of insurance-claims instead of their reaching actual beneficiary.<\/p>\n

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\nPlanners of the scheme deserve all compliments for their wisdom by incorporating a nominal amount of overdraft-facility in the scheme, because any default in re-payment may perhaps make defaulter deprived of any subsidy or monetary benefits provided under various government-schemes for ever thus saving huge amount of public-money presently spent on a subsidy-regime and populist government-schemes started either by Union or state governments. All populist loan-schemes should now be banned. Bank-managers are first given targets to distribute such small loans, and thereafter are pulled up for non-recovery because most loan-takers do not care to pay back such loans given without proper guarantee. <\/p>\n

But such a massive scale of new bank-accounts will require vast expansion of existing banking-network costing heavily on public-sector banks. This can be avoided by merger of too many public-sector banks in some less number of big banks. Presently at many places, there are nearing bank-branches of different public-sector banks with negligible business. Merger of public-sector banks resulting in large scale cut in unnecessary banking-overheads due to too many banks will thus compensate for funds required to expand banking-network.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

SUBHASH CHANDRA AGRAWAL(Guinness Record Holder & RTI Activist) \u2018Pradhan Mantri Jan Dhan Yojna\u2019 launched by Prime Minister Narender Modi on 28.08.2014 getting tremendous popularity with record 1.5 crore bank-accounts with multiple facilities and equal number of Insurance-policies issued on the very first day of its launch in user-friendly and simple manner should rather be made compulsory to get any subsidy, insurance-claim or fund-transfer by government-agencies to individuals to prevent existing loopholes resulting in draining out public-money to undeserving ones. Even subsidy on cooking-gas should be returned back in bank-accounts opened under this scheme rather than giving directly as at present. <\/p>\n","protected":false},"author":1,"featured_media":32052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92,1],"tags":[8,1879,67],"class_list":["post-6500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-better-india","category-update","tag-news-events","tag-update","tag-views","has_thumb"],"_links":{"self":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/6500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/comments?post=6500"}],"version-history":[{"count":1,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/6500\/revisions"}],"predecessor-version":[{"id":32054,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/6500\/revisions\/32054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/media\/32052"}],"wp:attachment":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/media?parent=6500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/categories?post=6500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/tags?post=6500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}