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Many Jan Dhan accounts but no deposits: Soraba

Many Jan Dhan accounts with no deposits.

Bangalore, November 24, 2017: Lack of manpower and poor implementation render most accounts under the Jan Dhan scheme non-operational in the Soraba taluk of Shimoga district.

Mr. Rakesh Kumar, Branch Manager of SBI said that many accounts had opened since the scheme had been in operation, but added that 70 per cent of them had been non-operational since the public had opened multiple bank accounts.

Introduced in 2014, the scheme was aimed at providing affordable financial services related to bank savings and deposit accounts. Vinod B.J, the Second Division Assistant at the Sorab taluk office said that the scheme was opted for by a lot of people in the taluk and was extremely viable.

There are five banks in the talukā€”the State Bank of India, Canara Bank, Syndicate Bank, The Milagres Souhardha Cooperative limites (opened in 2015) and Karnataka Bank (opened in 2016).

There are five ATMs in the taluk.

Akhilesh Kumar Akhil, Branch Manager of Syndicate Bank said that the scheme has a lot of benefits for the public like options for the physically challenged and those have had a positive impact on both the public as well as the Bank.

He added that the mindset towards opening accounts had also changed since people were more aware than before.
Ramesh Shenoy, Branch Manager of Karnataka Bank, said that there had been a great rush when the scheme was introduced, the expectations increased and also created a greater trust among the public.

He added that since the scheme did not involve the usage of identification proof like Aadhar, it was much easier to open accounts using them.

Mr. B.N Sreekanth, Branch Manager of Canara Bank, said that the scheme had created awareness among the public, but admitted it was hard to give a clear figure of the number of accounts that had opened in the bank since the scheme had come into effect.

Mr.Kumar of Syndicate Banl also said that 3000-4000 accounts had been created in the bank since the introduction of the scheme while Mr. Shenoy of Karnataka Bank said, 1500-2000 accounts had been opened since the scheme was introduced.

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