New Delhi: The Union Finance Minister
Shri Arun Jaitley said that it is the leading institutions especially
educational institutions, which can play an important role in creating mass
awareness about issues like financial inclusion in the country. He said that
the present Government has taken various steps in last two and a half years to
link every household with a bank account.
Jaitley said that under the scheme PMJDY
the Government has been able to open 240 million bank accounts and now except
in certain remote and inaccessible areas, people who are in a position to
connect with bank, have a bank account. The Finance Minister Shri Arun Jaitley
was speaking after launching a Financial Inclusion initiative of Shri Ram
College of Commerce (SRCC) titled ’Vittshala’. SRCC is a premier educational
institution in the national capital in the field of commerce and economics
education in the country.
The Union Finance Minister Shri Arun
Jaitley further said that the Government had launched MUDRA Yojana so that
small traders, businesses and new entrepreneurs can have access to banking
finance without security. He said that during the last year i.e. in 2015-16, a
provision of Rs.1,20,000 crore was made under this Yojana which has been
increased to Rs. 1,80,000 crore in the current Financial Year 2016-17.He said
that major beneficiaries under the Scheme were women and those from weaker
sections of society.
Vittshala is a Centre For Community
Engagement (CCE) initiative, aimed at making communities equipped enough to
manage financial resources effectively through community engagement, workshops,
seminars, and discussions. Founded by a group of motivated teachers and
students, the Cell wants to create an impact through its well-planned,
community-oriented projects. Vittshala envisions a nation where every
individual is financially literate and is empowered to act as a catalyst for
economic growth.
Vittshala will act as a multi-faceted
programme involving peer-counseling, developing interactive apps and events to
promote financial literacy with respect to: Basics of Financial Planning,
Channelisation of savings, Investments, Banking and Insurance services, Opening
and operating of bank accounts and related Government schemes
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