Aadhar will stand test of constitutionality, says Finance Minister Arun Jaitley at Financial Conclave

Aadhar will stand test of constitutionality, says Finance Minister Arun Jaitley at Financial Conclave

India Blooms News Service | @indiablooms | 13 Sep 2017

New Delhi, Sep 13 (IBNS): Aadhar will stand test of constitutionality; below 20 per cent of accounts are below zero under the Pradhan Mantri Jan Dhan Yojana (PMJDY), said Union Finance Minister Arun Jaitley while addressing the United Nation's Conclave on Financial Inclusion, in New Delhi on Wednesday.

In his keynote address, the minister said that the schemes at the Central and state level ensure money goes directly into bank account.

"Its only in 2014, when we launched the PMJDY, in a mission mode throughout the country with the help of banks," he said. "It is an area where PSBs performed better than others. Number of accounts opened for disadvantaged sections have been significantly large."

At the completion of two years since the launch of the Pradhan Mantri Jan Dhan Yojana, said to be one of the largest financial inclusion programmes in the world, the United Nations in India decided to bring together the leaders and senior level stakeholders from the government, the banking sector, microfinance institutions, innovators, technology providers, CSOs, intergovernmental organisations, and the UN, for a day-long conclave to discuss the scheme's merits and implementation.


Image: MIB

Aadhar will stand test of constitutionality, says Finance Minister Arun Jaitley at Financial Conclave

India Blooms News Service
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