"HERMIT:'Modi Government may make
RBI's dream come true as due to the launch of Pradhan Mantri Jan Dhan
Yojana, the Banking Sector will be able to reach out to the customers
of Untapped Banking Areas (UBAs) of India. This time, the concept of
Financial Inclusion has been modernized by the Modi Government.'
KING:'There are 2 flaws in this Scheme. One is KYC and another one is
the OD Limit of Rs. 5000. KYC problem can be resolved
later on also. But, in case of OD Limit, there must be a Bank
Circular to hold Rs. 2000 in the OD Account. Once the disbursed Rs.
3000 comes back in the OD Account with interest, then only disburse
the remaining limit of Rs. 2000 by holding another Rs. 2000 in the OD
Account. This strategy will never allow the OD Account to fall under
PNPA or NPA category.'"-Arindam Sain
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