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Rajan softens stance on Jan Dhan, says it’s a welcome scheme

Posted on 30 September 2014 by admin

AIHRA News Wednesday 01st  October 2014

Mumbai, Sept 30 (PTI) Softening his stance on the Pradhan Mantri Jan Dhan Yojana, RBI Governor Raghuram Rajan today said he is not worried about the quality of KYC for opening new accounts and welcomed the financial inclusion scheme.

“We welcome the Jan Dhan Yojana, it is part of RBI’s plan to get universal access,” he told a press conference called for announcing bi-monthly monetary policy.

“I am not as worried about the quality of KYC for small accounts.

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