Today in the leadership of Prime Minister Narendra Modi the cabinet meeting was held on. In the cabinet meeting many significant decision have been announced. The Information and Broadcast Minister Prakash Javdekar detailed about the Banking significant decisions. The government has been took many significant decisions for Banking sectors.
The Modi government release an edict where the all 1540 co-operative Bank and multi state co-operative Bank would be under the Reserve Bank Of India. That will safe the amount of 86 million account holders. The government ensured to all active acounters their remain money will be safe. The Cabinet Minitry also took a decision about Child Money Loan , They will give 2% discount in its interest. By these edict almost 180 million people would be gained the profit.
The Cooperative bank's under the Reserve Bank- While the Information and Broadcast Minister Prakash Javdekar detailed about the Banking scheme. He also told about the all urban and multi state Co-operative bank's. There are 1482 Urban Co-operative banks and 58 Multi state Co-operative banks in all over India. These all banks would be under the supervision of Reserve Bank with the new edict by the Cabinet Ministry. These all Co-operative banks follow the same instruction which is apply to others banks. According to the edict these all 1540 Co-operative bank's have deposited 4 lac crore 84 lac rupees amount.
Tags:
Cabinet Meeting
Cabinet Ministry
Co-operative bank
Information and Broadcast Minister Prakash Javdekar
P.M Narendra Modi
Reserve Bank of India