Difference between Swabhimaan PMJDY PDF Download

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Difference between Swabhimaan PMJDY PDF Download

Difference between Swabhimaan PMJDY PDF Download -hello friends in this Post we are Providing you Difference Between Swabhiman And PMJDY for UPSC Mains And Prelims Examination . This Post will Clear Your all Doubts

Difference between Swabhimaan PMJDY PDF Download

Villages with population greater than 2000 covered; thus limited geographical coverageFocus on household; Sub Service Area (SSA) for coverage of the whole country.
Bank Mitr (Business Correspondent) was visiting on fixed days onlyFixed point Bank Mitr (Business Correspondent) in each SSA comprising of 1000-1500 households (3 to 4 villages on an average) to visit other villages in the SSA on fixed days
Offline accounts opening – Technology lock-in with the vendorOnly online accounts in CBS of the Bank
Focus on account opening and large number of accounts remained dormantAccount opening to be integrated with DBT, credit, insurance and pension
Inter-operability of accounts was not thereInter-operability through RuPay Debit Card, AEPS etc.
No use of Mobile BankingMobile wallet and USSD based mobile banking to be utilized
No grievance redressal mechanismGrievance redressal at SLBC level in respective states
No brand visibility of the Programme & Bank Mitr (Business Correspondent)Brand visibility for the programme & Bank Mitr (Business Correspondent) proposed
No active involvement of states / districtsState level & District level monitoring committees to be set up
Financial literacy had no focusThe rural branches of banks to have a dedicated Financial Literacy Cell
Cumbersome KYC formalitiesSimplified KYC/e-KYC in place as per RBI guidelines
No guidelines on the remuneration of the Bank Mitr (Business Correspondent). Banks went generally with Corporate BCs who used to be least expensive to themMinimum remuneration of the Bank Mitr (Business Correspondent) to be ` 5000/-( Fixed + Variable)
Monitoring left to banksFinancial Inclusion campaign in Mission Mode with structured monitoring mechanism at Centre, State and District level
Only ruralBoth rural and urban








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