Swabhimaan |
PMJDY |
Villages with population greater than 2000 covered; thus limited geographical coverage |
Focus on household; Sub Service Area (SSA) for coverage of the whole country. |
Only rural |
Both rural and urban |
Bank Mitr (Business Correspondent) was visiting on fixed days only |
Fixed point Bank Mitr (Business Correspondent) in each SSA comprising of 1000-1500 households (3 to 4 villages on an average) to visit other villages in the SSA on fixed days |
Offline accounts opening - Technology lock-in with the vendor |
Only online accounts in CBS of the Bank |
Focus on account opening and large number of accounts remained dormant |
Account opening to be integrated with DBT, credit, insurance and pension |
Inter-operability of accounts was not there |
Inter-operability through RuPay Debit Card, AEPS etc. |
No use of Mobile Banking |
Mobile wallet and USSD based mobile banking to be utilized |
Cumbersome KYC formalities |
Simplified KYC/e-KYC in place as per RBI guidelines |
No guidelines on the remuneration of the Bank Mitr (Business Correspondent). Banks went generally with Corporate BCs who used to be least expensive to them |
Minimum remuneration of the Bank Mitr (Business Correspondent) to be ` 5000/-( Fixed + Variable) |
A recent RBI survey finds that 47% of Bank Mitr are untraceable |
Viability and sustainability of Bank Mitr (Business Correspondent) is identified as a critical component |
Monitoring left to banks |
Financial Inclusion campaign in Mission Mode with structured monitoring mechanism at Centre, State and District level |
Financial literacy had no focus |
The rural branches of banks to have a dedicated Financial Literacy Cell |
No active involvement of states / districts |
State level & District level monitoring committees to be set up |
No brand visibility of the Programme & Bank Mitr (Business Correspondent) |
Brand visibility for the programme & Bank Mitr (Business Correspondent) proposed |
Providing credit facilities was not encouraged |
OD limit after satisfactory operations / credit history of 6 months |
No grievance redressal mechanism |
Grievance redressal at SLBC level in respective states |
Difference between Swabhimaan and PMJDY
TopicWise - Current Affairs Mindmaps
- State of the climate in Asia Report Mindmap
- World Heritage Glaciers under Threat - UNESCO Mindmap
- Utah Salt Flats are receding Mindmap
- Thinning of Greenland Ice Sheet Mindmap
- Sovereign Green Bonds Framework Mindmap
- Soil carbon sequestration Mindmap
- Siberian Rubythroat Mindmap
- Shrinking of Rhinoceros Horns Mindmap
- Russia’s Nuclear-Powered Icebreaker Mindmap
- River Nile in danger Mindmap
- Red-Crowned Roofed turtle Mindmap
- Pseudohelice Annamalai Mindmap
- Provisional State of Global Climate Report, 2022 Mindmap
- National Centre of Excellence for Green Port & Shipping (NCoEGPS) Mindmap
- Muli Bamboo (Melocanna baccifera) Mindmap
- Methane Alert and Response System(MARS) Mindmap
- Mangrove Alliance for Climate (MAC) Mindmap
- Loss and damage fund Mindmap
- Long-Term Low Emission Development Strategy Mindmap
- Living Amazon Report 2022 Mindmap
- Leith’s Soft-shelled Turtle Mindmap
- Jeypore Ground Gecko Mindmap
- International Drought Resilience Alliance (IDRA) launched Mindmap
- International Day for Biosphere Reserves 2022 Mindmap
- India Abstains to Vote Against Reopening Ivory Trade Mindmap
- Himalayan Yak Mindmap
- Greenwashing Mindmap
- Global Shield Plan Mindmap
- Ganga Utsav 2022 Mindmap
- Early Warning System in Himalayan region Mindmap
- Dynamic Ground Water Resource Assessment, 2022 Mindmap
- Climate Change Performance Index (CCPI) 2023 Mindmap
- Cauvery South Wildlife Sanctuary Mindmap
- Caspian Seal die-off Mindmap
- Carbon Credit Market Mindmap
- Carbon Capture, Utilisation, and Storage (CCUS) Mindmap
- Carbon Border Adjustment Tax Mindmap
- Black-Naped Pheasant Pigeon Mindmap
- Black Corals Mindmap
- Arittapatti Biodiversity Heritage Site Mindmap
- Ambition on Melting Ice(AMI) Mindmap
- Adaptation Gap Report, 2022 Mindmap
- Aceclofenac Ban Mindmap
- Vostro Accounts Mindmap
- Unified District Information System for Education (UDISE) Plus 2021-22 report Mindmap
- State of Food and Agriculture Report, 2022 Mindmap
- SHAKTI Policy Mindmap
- Rozgar Mela Mindmap
- Report of the Expert Committee on SVAMITVA Scheme Mindmap
- Pradhan Mantri Fasal Bima Yojana (PMFBY) Mindmap
- Performance Grading Index (PGI) Mindmap
- Nutrient Based Subsidy Scheme Mindmap
- Niveshak Didi Mindmap
- Network Readiness Index 2022 Mindmap
- National Bioenergy Programme Mindmap
- Mother Tongue Survey of India Mindmap
- Mentorship, Advisory, Assistance, Resilience and Growth (MAARG) portal Mindmap
- International Tourism Mart (ITM) 2022 Mindmap
- India Infrastructure Project Development Fund Scheme (IIPDF Scheme) Mindmap
- India Chem 2022 Mindmap
- Finfluencers Mindmap
- Compressed Bio Gas plant Mindmap
- 5th Meeting of Governing Council of NIIF Mindmap
- US Space Force (USSF)-44 Mindmap
- Naseem Al Bahr 2022 Mindmap
- Make-II Project Mindmap
- India-Mozambique-Tanzania Trilateral Exercise Mindmap
- HADR Exercise Samanvay 2022 Mindmap
- Exercise Sea Vigil-22 Mindmap
- Exercise Garuda Shakti Mindmap
- Ballistic Missile Defence (BMD) interceptor AD-1 missile Mindmap
- Agni-3 Missile test Mindmap
- 4th India-France Annual Defence Dialogue Mindmap
- Tokhu Emong Festival Mindmap
- ST status for Pahari Ethnic Group Mindmap
- Sangai Festival 2022 Mindmap
- Rising Sun Water Festival 2022 Mindmap
- Patan Patola Mindmap
- Olakkuda Ezhunnallath Mindmap
- Mangarh Massacre Mindmap
- Kashi Tamil Sangamam Mindmap
- Gorshey in Delhi Mindmap
- Bali yatra 2022 Mindmap
- Aadhaar usage hygiene Mindmap
- Why Joshimath is sinking?
- Zebrafish can regenerate aged discs in human vertebrae
- National Beekeeping & Honey Mission (NBHM) 'Sweet Revolution' Mindmap
- Pashmina Shawl Mindmap
- Wangala Dance Mindmap
- Yotta Mindmap
- Nai Chetna-Pahal Badlav Ki Mindmap
- India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) Mindmap
- Illegal, Unreported and Unregulated (IUU) Fishing Mindmap
- Great Knot Mindmap
- Global Vaccine Market Report 2022 Mindmap
- Global Partnership on Artificial Intelligence (GPAI) Mindmap
- Gangetic River Dolphin returns. Mindmap
- Exercise Garuda Shakti Mindmap
- Carbon Credit Market Mindmap
- Assam-Meghalaya Border Dispute Mindmap
- Arctic fires Mindmap
- 17th East Asia Summit 2022 Mindmap
- 9th Ministerial meeting of India-US Economic and Financial Partnership Mindmap
- 9th ASEAN Defence Ministers’ Meeting Plus Mindmap
- 8th Norway-India Joint Working Group Maritime meeting Mindmap
- 2nd BIMSTEC Agriculture Ministers Meeting Mindmap