India sets universal bank account record - 0 views

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  #1 india incorporated on 21 Jan 15

   

  India has achieved universal banking coverage, ie, every Indian now has a bank account, thanks to the Pradhan Mantri Jan Dhan Yojana, which has opened 115 million new bank accounts over the past five months.
  
  This feat will enable the government to transfer more than $8 billion in subsidies and other benefits directly to the intended beneficiaries In the coming financial year, plug massive leakages in India's massive welfare programmes, save the government billions of dollars that would get siphoned out of the system and lead to an improved fiscal situation.
  
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  Visit us at: www.indiaincorporated.com

   

  <div class="cArrow"> </div><div class="cContentInner">India has achieved universal banking coverage, ie, every Indian now has a bank account, thanks to the Pradhan Mantri Jan Dhan Yojana, which has opened 115 million new bank accounts over the past five months.<br /><br />This feat will enable the government to transfer more than $8 billion in subsidies and other benefits directly to the intended beneficiaries In the coming financial year, plug massive leakages in India's massive welfare programmes, save the government billions of dollars that would get siphoned out of the system and lead to an improved fiscal situation.<br /><br /><a title="Link: http://www.indiaincorporated.com/item/4218-india-sets-universal-bank-account-record.html" rel="nofollow" href="http://www.indiaincorporated.com/item/4218-india-sets-universal-bank-account-record.html">Read more...</a><br /><br />Visit us at: <a title="Link: http://www.indiaincorporated.com" rel="nofollow" href="http://www.indiaincorporated.com/">www.indiaincorporated.com</a></div>

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