IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/98682.html
   My bibliography  Save this paper

A study of performance of public sector banks in Thane city under the Prime Minister's Jan Dhan Yojana

Author

Listed:
  • Swami, Madhubala

Abstract

The Prime Minister’s Jan Dhan Yojana (PMJDY) was announced on 15th August, 2014 as an integrated approach towards achieving financial inclusion by the National Democratic Alliance (NDA) government. The plan envisages universal banking facilities to all households in the country, access to credit and social security in the form of insurance cover and pension facilities. The beneficiaries of this scheme would get an indigenous Rupay card with in-built accident insurance cover of Rupees one lakh. The plan also envisages transfer of all doles/subsidies to the poor from the central, state and local bodies through direct benefits transfer (DBT) to these accounts. This will save thousands of crores spent by the government for the poor which have been hitherto siphoned off by unscrupulous middlemen. To keep the accounts operational the government mandates that benefits of subsidy on LPG and MNREGA under DBT (direct benefits transfers) to these accounts. This paper attempts to study the performance of PMJDY in Thane city in Maharashtra. A well-intended scheme of the government to scale up financial inclusion faces various stumbling blocks such as illiteracy, lackadaisical attitude of banks to open zero balance accounts as it adds to their cost, manpower shortage etc. The success of this programme depends on fixing the problems proactively.

Suggested Citation

  • Swami, Madhubala, 2016. "A study of performance of public sector banks in Thane city under the Prime Minister's Jan Dhan Yojana," MPRA Paper 98682, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:98682
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/98682/1/MPRA_paper_98682.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Chattopadhyay, Sadhan Kumar, 2011. "Financial Inclusion in India: A case-study of West Bengal," MPRA Paper 34269, University Library of Munich, Germany, revised 2011.
    2. Dreze, Jean & Sen, Amartya, 1999. "India: Economic Development and Social Opportunity," OUP Catalogue, Oxford University Press, number 9780198295280.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aurino, Elisabetta & Fledderjohann, Jasmine & Vellakkal, Sukumar, 2019. "Inequalities in adolescent learning: Does the timing and persistence of food insecurity at home matter?," Economics of Education Review, Elsevier, vol. 70(C), pages 94-108.
    2. Nanda, Kajole, 2019. "Dynamics between Bank-led Financial Inclusion and Economic Growth in Emerging Economies: The Case of India," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 9(1), pages 95-121.
    3. Barine Michael Nwidobie, 2019. "Financial Inclusion Index in Nigeria: An Exploratory Analysis," International Journal of Publication and Social Studies, Asian Economic and Social Society, vol. 4(1), pages 26-36, March.
    4. Kartik Misra, 2019. "No Employment without Participation : An Evaluation of India's Employment Program in Eastern Uttar Pradesh," UMASS Amherst Economics Working Papers 2019-13, University of Massachusetts Amherst, Department of Economics.
    5. Sanjaya Kumar Lenka & Arun Kumar Bairwa, 2016. "Does financial inclusion affect monetary policy in SAARC countries?," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1127011-112, December.
    6. Li, Manlin, 2015. "Exploring the impact of New Resettlement Area’s on the well-being of local residents: a case study in Chongqing, China," OSF Preprints ht465, Center for Open Science.
    7. Kartik Misra, 2019. "Accumulation by Dispossession and Electoral Democracies : An Analysis of Land Acquisition for Special Economic Zones in India," UMASS Amherst Economics Working Papers 2019-16, University of Massachusetts Amherst, Department of Economics.
    8. Suman Ghosh & Alexander Karaivanov & Mandar Oak, 2007. "A Case for Bundling Public Goods Contributions," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 9(3), pages 425-449, June.
    9. Roland Pongou, 2020. "Is Excess (Fe)Male Mortality Caused by the Prenatal Environment, Child Biology, or Parental Discrimination? New Evidence from Male-Female Twins," Working Papers 2008E Classification-I15,, University of Ottawa, Department of Economics.
    10. Shahid Manzoor Shah & Amjad Ali, 2022. "A Survey on Financial Inclusion: Theoretical and Empirical Literature Review," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 310-330, December.
    11. Badar Alam Iqbal & Mohd Nayyer Rahman & Munir Hasan, 2019. "Social Indicators: A Comparison Among Selected Countries," Journal of Development Policy and Practice, , vol. 4(2), pages 123-144, July.
    12. Vani Borooah, 2000. "The Welfare of Children in Central India: Econometric Analysis and Policy Simulation," Oxford Development Studies, Taylor & Francis Journals, vol. 28(3), pages 263-287.
    13. James Foster, Christopher Handy, 2008. "External Capabilities," OPHI Working Papers 8, Queen Elizabeth House, University of Oxford.
    14. Shika Saravanabhavan, 2018. "Understanding the disparity in financial inclusion across Indian States: A comprehensive index for the period 1984 – 2016," Working Papers 405, Institute for Social and Economic Change, Bangalore.
    15. Tanmoyee Banerjee-Chatterjee & Malabika Roy & Ajitava Raychaudhuri, 2021. "Financial Inclusiveness and Mobilization of Household Savings in Rural Area: Are They Related?," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 19(2), pages 223-249, June.
    16. Zarina Abd Rahman, 2015. "Financial inclusion in Malaysia: tracking progress using index," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the Workshop on "Financial Inclusion Indicators", co-hosted by the Bank Negara Malaysia, Sasana Kijang, Kuala Lumpur, 5-6 November 2012, volume 38, Bank for International Settlements.
    17. Yadava, Anup Kumar & Singh, Bhanu Pratap & Yadav, Vishal, 2021. "Nexus of Financial Inclusion and Economic Growth: Benchmarking the Performance of Indian States," MPRA Paper 108479, University Library of Munich, Germany.
    18. Abebe Shimeles & Audrey Verdier†Chouchane, 2016. "The Key Role of Education in Reducing Poverty in South Sudan," African Development Review, African Development Bank, vol. 28(S2), pages 162-176, October.
    19. Sanjaya Kumar Lenka & Rajesh Barik, 2018. "Has expansion of mobile phone and internet use spurred financial inclusion in the SAARC countries?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-19, December.
    20. Sabina Alkire, 2007. "The Missing Dimensions of Poverty Data: An Introduction," OPHI Working Papers 0, Queen Elizabeth House, University of Oxford.

    More about this item

    Keywords

    PMJDY; Poverty; Financial Inclusion; Banks; Insurance;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H4 - Public Economics - - Publicly Provided Goods
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:98682. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.