The NDA government’s Jan Dhan Yojna might have recorded a sharp rise in opening bank accounts but it faces several hurdles in its way to become an effective tool of financial inclusion.
A report compiled for Prime Minister Narendra Modi, with inputs from 46 top-ranking secretaries of the government of India, expresses concern over shoddy implementation of many more schemes across different sectors.
The internal report, accessed by HT, calls for a cutting down on number of central schemes to give states freedom to pick their own projects to address local needs.
“Central government schemes are rigid and do not allow flexibility in implementation. The states should be free to innovate and design schemes,” commented one bureaucrat. Another secretary said, “number of schemes need to be reduced and more funds need to be given to states as united funds.”