Jan Dhan Yojana is a game changer, says YES Bank’s Radha Singh

21-Oct-2015 #Jan-Dhan Source: Business Today

Addressing Mail Today Financial Inclusion Conclave, Radha Singh, non-executive chairperson of YES Bank stated that the Pradhan Mantri Jan Dhan Yojana (PMJDY) is the single largest game changer in terms of financial inclusion in India. Providing the suggestion, she stated that bank deposits could be encouraged by reducing their tax eligibility rebate from 5 years to 3 years and the TDS threshold of interest income needs to be enhanced to $767 a year from the current amount of $153. She also suggested to convert India Post into the postal bank of India to expand the financial reach.

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