July 04, 2026 03:13 am (IST)

Make this your homepage

All Finance

'Why can't citizens protest against the government? They are being made slaves by slapping cases': Bombay HC slams Mumbai Police, quashes activist's externment | 'First he cheats on me...': Siya Goyal's old pub video goes viral amid probe into fiancé Ketan Agarwal's alleged murder | Ronaldo's goal, Ramos' last-gasp winner send Portugal past Croatia, set up Spain clash | India-US trade deal almost done! Piyush Goyal hints at breakthrough | Ram Mandir donation scam: Champat Rai points finger at his own driver | PM Modi welcomes Japanese PM Sanae Takaichi as India-Japan ties enter a new era | 'Not an isolated incident': India slams Pakistan after 125-year-old historic Gurdwara is demolished | Ram Mandir donation theft: Six accused were employed by Varanasi-based security firm, probe reveals | Ayodhya Ram Temple donation theft: Probe says majority of money was allegedly stolen during Kumbh Mela | Commercial LPG price slashed by Rs 183.50 from July 1; check new rates in Delhi, Mumbai, Kolkata and Chennai

Union Budget: With digital literacy,financial literacy should have been clubbed, says AISECT

India Blooms News Service | | Mar 03, 2016, at 02:14 am

New Delhi, Mar 2 (IBNS): In response to the allocations for the Banking and Financial Inclusion sectors in Arun Jaitley's Union Budget 2016-17, Abhishek Pandit, Director-Business Services, AISECT, has said that along with digital literacy, financial literacy should also have been clubbed.

“Apart from inheriting low growth from the previous Government, this Government has also inherited several schemes which have benefited the common man. Jandhan Yojana is one such scheme. I am disappointed that there has not been an impetus given to the scheme in this budget. With the focus of farmers income being doubled and bringing in E platform there has to be a clear focus on how this can be channeled through organized banking channels," Pandit said.

"Along with digital literacy, financial literacy should also have been clubbed. We want the citizen to understand the digital space as well as the basic financial space so that they can benefit by streamlining the household expenses and income and increasing the effective saving," said he.

"Focus on Aadhar platform is a good step towards transparency in schemes implemented across the country. All the schemes that have been launched by the Govt. today should be linked to the UID,” pandit added.

AISECT is working as a Business Correspondent for 26 nationalised banks including the State Bank of India and Bank of India. It has so far established over 3000 banking kiosks, opened more than 45 lakh bank accounts which have done transactions worth Rs. 1000 Crores that too in merely 3 states i.e. Madhya Pradesh, Chhattisgarh and Punjab in which it is working as Service Centre Agency for CSC Project.

Recently, the organization has extended its financial inclusion services in more states namely Gujarat, Uttar Pradesh, Haryana, Bihar and Rajasthan. The organisation is also conducting financial literacy programme in the states of Madhya Pradesh and Chhattisgarh for rural adults especially women as per its partnership with CSC SPV and National Bank for Agriculture and Rural Development (NABARD).

#Union Budget # Digital Literacy # financial literacy # AISECT # Arun Jaitley

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm