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Like Hinduism: many paths to reach God... Eternal support for capitalisation of PS banks EVM is tamper-proof Muffled voices for merit… Noble nonagenarians... R Sridhar steps down as CEO of Shriram Capital New IT products of Ramco in the pipeline… Bihar – Nitish Kumar adopts the Lalu model An informal presentation - analytical, forward locking... Tough task taking states together Fall in crude prices help in oil sector reform Making ‘my Amaravati’... More Shakti to resource mobilisation... Maximising the micro pricing … Streamlining mandatory third party cover A glass full of corruption Wise Presidents S Ramanathan – a versatile musician, musicologist Kulandai was a giant Alexa – Talking Wikipedia Welcome GST No Maha Koottani in TN... The power-full Hindujas GNS - 100: our first subscriber Rs.1600 crore paper board plant of TNPL Paytm karo... IAS invades NDDB... 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Poor quality of university VCs The why of tax incentives All eyes on Sankara Nethralaya F C Kohli - his concerns all embracing Small units prefers to remain small... Liberal imports idling indigenous capacities Editor's Says Readers' Mail Mu Sigma – is no more Five star activism stalls development activity The brown list of Venkitaramanan Computation of GDP – conundrums continue Cement prices continue to rise… Breaththrough in malaria control L&T: focus on infrastructure and more infrastructure… Building loyalty through the stomach Welcome focus on core competence Kudos to NDTV... Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai More heat than light Music happens Land reclamation from sea appears cheaper! Modi and the lady
 
The Jan Dhan bonanza

In his Independence Day address, Prime Minister Narendra Modi announced the Jan Dhan Yojana designed to bring an additional 7.50 crore people under banking services, mostly of rural population. A time limit of one year was set to achieve this. But the excellent work put in brought nearly 7.73 crore even by 19 November. Banks have been asked to open an additional 3.75 crore accounts before 26 January 2015 as 33 districts had less than 50 per cent coverage.

An additional, not quite anticipated, outcome of such large numbers opening bank accounts without minimum deposits, was the accretion to deposits by around Rs 6092 crore!  Obviously this quantum of money had been kept by the new breed of depositors in rice pots, kitchenware or under the pillows!  In the various efforts on rural development the Jan Dhan Yojana seems to be among the best.

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