PM Modi launches Mudra bank under Pradhan Mantri Jan Dhan Yojana

Posted On & filed under Top Law News.

Prime Minister Narendra Modi on Wednesday launched Mudra (Micro Units Development and Refinance Agency) bank under the Pradhan Mantri Jan Dhan Yojana. Speaking at the occasion, the PM said: “We need to increase employment opportunities in the nation.” “Big industrial houses provide jobs to only 1.25 crore people, while small entrepreneurs employ 12 crore people,… Read more »

LIC and banks asked to provide claim forms online

Posted On & filed under Consumer Law News.

The finance ministry Monday asked banks and the state-run Life Insurance Corp (LIC) to make availablefor the Rs.30,000 life cover available under the Pradhan Mantri Jan Dhan Yojana (PMJDY). The LIC has also been asked to settle claims within 15 days of the receipt of the claim form. “Banks and LIC were asked to make… Read more »