Modi asks Reserve Bank to prepare 20-year financial inclusion roadmap

Posted On April 2nd, 2015, Posted By - Admin

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Modi asks Reserve Bank to prepare 20-year financial inclusion roadmap

Prime Minister Narendra Modi on Thursday asked the Reserve Bank of India to prepare a 20-year roadmap for deepening financial inclusion in the country.

Speaking at a function to commemorate the completion of 80 years of the RBI, Modi said that the financial inclusion programme should be rolled out in phases with the first target to be met by 2019, when the country will celebrate the 150th anniversary of Mahatma Gandhi.

“So, a roadmap on how the Indian banking system will reach the doorstep of the poor will have to be readied,” the Prime Minister said, even as he lauded the RBI’s contribution to the economy.

Modi emphasised that banks should zero in on target groups and achieve the financial inclusion goals.

“Cooperative banks, microfinance institutions, nationalised banks as well as the RBI should think in one direction (financial inclusion). This is possible,” he said.

Financial inclusion is the process of ensuring access to appropriate financial products and services needed by all sections of society, in general, and vulnerable groups, such as weaker sections and low-income categories, in particular, at an affordable cost and in a fair and transparent manner.

No small achievement

The Prime Minister pointed out that it was no small achievement that banks were able to open 14 crore bank accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) since August 2014, with 41 per cent of the accounts collectively having a balance of ₹14,000 crore.

Modi said though the facility allowed the poor to open zero-balance accounts, they actually deposited money.

“Bankers must have seen the poverty of the rich many times. They must have come across the rich who don’t pay their dues on time. Bank managers must be troubled when March approaches and these borrowers don’t pay up. “So, you have seen the poverty of the rich. But PMJDY has given you the opportunity to see the richness of the poor,” the Prime Minister said.

In line with the ‘Make in India’ campaign, Modi urged the RBI to turn ‘Swadeshi’ by ensuring that the security paper as well the ink used for printing currency notes are manufactured domestically. The Prime Minister also asked banks and industrial houses, along with their employees, to give up their LPG subsidies to benefit one crore poor families.

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o/o the Assistant Accounts Officer WRD,
Sinchai Bhawan,Nr. Police Station, Alto-Porvorim,
goa pin code- 403521
TO
THE PIO
O/O THE MAMLATDAR,TISWADI
NORTH GOA DISTRICT PIN CODE - 403108


TO
THE PIO
DIRECTORATE OF ACCOUNTS, GOVT.OF GOA
FAZENDA BUILDING, MG ROAD,
PANAJI GOA PIN CODE - 403001
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THE PIO
O/O THE POLICE INSPECTOR
VASCO POLICE STATION
SOUTH GOA DISTT.
GOA PIN CODE – 403802
TO
THE PIO
O/O THE COLLECTOR& DM,SOUTH GOA
MATHANY SALDANHA ADMINISTRATIVE COMPLEX,
MARGAO, GOA. PIN CODE – 403601
TO
THE PIO
O/O THE DEPUTY COLLECTOR, BARDEZ MAPUSA- GOA
GOA PIN CODE – 403507
TO
THE SPIO&ASSISTANT DIRECTOR OF EDUCATION(ADMINISTRATION)
DEPARTMENT OF EDUCATION, GOVT.OF GOA
PORVORIM PANAJI GOA PIN CODE -403521

TO
THE PIO
O/O THE EXECUTIVE ENGINEER, DIV./CIRCLE NO.III (EHV)PONDA
ELECTRICITY DEPARTMENT, GOVT.OF GOA
PONDA GOA PIN CODE – 403401
TO
THE DY.DIRECTOR (HIB)(PIO)
DIRECTORATE OF HEALTH SERVICES
CAMPAL, PANAJI- GOA PIN CODE - 403001
TO
THE PIO
O/O THE MAMLATDAR, PONDA
DISTT.SOUTH GOA
GOA PIN CODE - 403401
TO
THE PIO
DIRECTORATE OF HIGHER EDUCATION GOVT.OF GOA
DTE COMPLEX, PORVORIM,
PENHA DE FRANÇA, GOA PIN CODE – 403521
TO
THE PIO
DIRECTORATE OF FIRE AND EMERGENCY SERVICES,GOA
PANJIM GOA PIN CODE – 403001
TO
THE PIO
O/O THE MAMLATDAR BARDEZ COLVALE
GOA PIN CODE - 403513
TO
THE PIO
O/O THE ASSISTANT REGISTRAR OF COOP.SOCIETIES CENTRAL ZONE,
SAHAKAR BHAVAN, PANAJI- GOA PIN CODE – 403001
TO
THE PIO
JOINT DIRECTOR (ACCOUNTS)
DIRECTORATE OF SMALL SAVINGS & LOTTERIES
SERRA BUILDING, NEAR. ALL INDIA RADIO (AIR)
ALTINHO, PANAJI, GOA. PIN: 403001
TO
THE PIO
O/O THE MAMLATDAR QUEPEM
DISTT.SOUTH GOA, GOA PIN CODE - 403705
TO
THE PIO
O/O THE MAMLATDAR, SALCETE
SOUTH GOA DISTRICT
GOA PIN CODE – 403708
TO
THE PIO
O/O THE CHIEF OFFICER
PONDA MUNCIPALITY COUNCIL
MDR 32, FRIENDS COLONY, KHADPABANDH,
PONDA, GOA PIN CODE – 403401
TO
THE PIO
O/O THE SUB REGISTER OF BARDEZ - MAPUSA
GOA PIN CODE – 403507
TO
THE PIO
O/O THE JUNIOR ENGINEER,
S.D. IV,WORK DIVISION III,
PUBLIC WORKS DEPARTMENT,
DAAG,PONDA,GOA PIN CODE – 403401
TO
THE PIO
O/O THE SUPERINTENDENT OF POLICE,
ECONOMIC OFFENCES CELL,
PANAJI GOA PIN CODE -403001
TO
THE PIO
O/O THE MAMLATDAR,MAPUSA
MAPUSA, GOA PIN CODE- 403507
TO
THE PIO
O/O THE COMMISSIONER
Labour Department,
Secretariat,Porvorim,Goa- 403521
TO
THE PIO
Dy. Director of Social Welfare, GOA
18th June Rd, Ozari Panaji, Goa 403001
TO
THE General Manager & PIO
GOA INDUSTRIAL DEVELOPMENT CORPORATION
Plot no. 13A-2,EDC Complex,
Patto Plaza, Panaji-Goa - 403001
to
the pio
o/o the Secretary
Goa Public Service Commission
EDC HOUSE, BLOCK - C, 1st FLOOR,
DADA VAIDYA ROAD,PANAJI GOA PIN- 403001
TO
THE PIO
Deputy Director
Directorate of Food and Drugs Administration ,GOA
Dhanwantari,Opposite Shrine of the Holy cross,
Bambolim - Goa PIN CODE-403108
TO
THE PIO
O/O THE HEALTH OFFICER
PRIMARY HEALTH CENTRE SIOLIM
BARDEZ NORTH- GOA PIN CODE-403517
to
the Dy. Director (Admn.) – Administrative office
Institute of Psychiatry and Human Behaviour,
Bambolim Goa. Pin code:-403202