January 18, 2017 1:53 PM

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MJ Akbar calls upon Banks, Financial Institutions to work for development of the poor

Minister of state for External Affairs MJ Akbar today called upon the Banks and Financial Institutions to work together for the development of the poorest of the poor especially in rural areas. He said the digital revolution that is sweeping the country at present will help eliminating poverty and corruption. He was addressing media in Hyderabad this morning after formally inaugurating the DigiDhanMela. <br/><br/>He said the measures taken for encouraging digital economy have brought in the biggest ever revolution in the country so far. Mr Akbar said the digital payments are important for improving livelihood of common people especially in rural areas. He said the technology revolution is changing and improving the quality of life of the poor. <br/><br/>He further said the importance of the PM's Jan Dhan Yojana has become more evident post-demonetization. He also criticized the opposition parties mainly Congress party for opposing the demonetization and said the party is against change and it is in favour of corruption. <br/><br/>Speaking on the occasion Labour Minister Dattatreya said nearly 5.5 lakh people at Gram Panchayat level and 1.29 lakh entrepreneurs have been trained in digital transactions so far. He said 380 workshops were organized in this connection. He further said the Employees Provident Fund Organistaion has opened over 50 lakh new accounts post-demonetisation across the country. The Labour Minister also appreciated the efforts that the Telangana state government is making to enhance digital transactions and make Siddipet a cashless musicality. <br/><br/>People from various walks of life especially farmers thronged the DigiDhanMela held at Necklace Road in Hyderabad this morning. Various public sector banks and government organizations have set up nearly 200 stalls in which all types of questions about digital payments are being answered. People ranging from employees, students, housewives and even passersby are showing enthusiasm to know about available ways and means for digital payments. <br/><br/>Farmers from districts like Mahabubnagar and Nizamabad are also visiting the Mela in groups and seeking information about online payments for their regular purchases like seeds and fertilizers. Many of them have been seen asking information about using their normal phone for digital payments. <br/><br/>The DigiDhanMela has provided a single platform to seek information about all banking services. This including opening a fresh bank account to on-line banking, mobile banking, digital payments, payments through apps. The Mela brought all banking services together under one roof to spread awareness about digital banking services among people.

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