Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

Customers Of Cooperative Banks To Benefit Govt Welfare Schemes, Announces Shah

Union Cooperation Minister Amit Shah said this while addressing a program through video conferencing

Photo Credit :

1656036832_Ks3K3m_amit_shah.jpg

Now the customers of the cooperative bank will get the benefit of all the welfare schemes of the government. For this, cooperative banks will be linked with Direct Bank Transfer (DBT). Union Cooperation Minister Amit Shah said this while addressing a program through video conferencing. 

At present, the benefits of 300 schemes run by 52 ministries of the government are being passed on to the beneficiaries through DBT, that is, now the customers of cooperative banks will get the benefit of all these schemes.

Amit Shah said that there has been a lot of improvement in the banking sector than before. Due to this the citizens of the country are getting the benefit of banking services. Apart from this, the bank account of 45 crore new people has also been opened due to Jan Dhan Yojana. Such 32 crore people have also got the benefit of RuPay debit card. Amit Shah said that all this has happened because of PM Modi's resolutiom of 'Sahakar Se Samridhi'.

Shah said, 'The cooperative sector will have an important contribution in the prosperity and economic upliftment of the country. Digital transactions of crores of new accounts opened under PM Jan Dhan Yojana have also crossed one trillion dollars. In comparison to the digital transactions of the year 2017-18, there has been an increase of 50 times. With the joining of cooperative banks with DBT, more connectivity with citizens will increase and the cooperative sector will be strengthened.'

The Union Minister talked about the bank while congratulating the Gujarat State Co-operative Agriculture and Rural Development Bank i.e. Kheti Bank on its entry into the 71st year. This bank has played a great role in saving it from the clutches of moneylenders.

Amit Shah said that the agriculture bank has proved itself on all those parameters which have been made by RBI and NABARD for banking. Earlier, the loan was available from the bank at 12 to 15 per cent interest, which has now come down to 10 per cent. Not only this, a concession of two percent is also given to the beneficiaries who repay the loan.


Tags assigned to this article:
cooperative banks Government Welfare Schemes amit shah