Economist Manmohan unaware of zero balance account, but ‘Chaiwala’ knew

Bhopal: Madhya Pradesh Chief Minister Mohan Yadav on Friday criticized former Prime Minister and renowned economist Dr. Manmohan Singh over his zero balance bank account. Inaugurating the MP IAS Association’s Civil Service Meet-2024, Yadav said despite his illustrious career as RBI Governor, Singh. , the bank did not know that the Union Finance Minister and the Prime Minister also had many educational degrees. Account can be opened with zero balance.

“But a chaiwala knew this,” he said, referring to Prime Minister Narendra Modi.

Launched on August 28, 2014, the central government’s Pradhan Mantri Jan Dhan Yojana is considered the world’s largest financial inclusion initiative and provides a zero balance account for every unbanked adult in the country. There are 53.14 crore bank accounts under PMJDY by August 2024.
Yadav said that the Legislature, Judiciary and Executive have different responsibilities in running the system and all contribute their expertise to maintain democracy.

“It is easy to take a decision or give an opinion, but its implementation on a large scale is challenging. The efficiency of Indian Administrative Service officers in implementing decisions is admirable,” stressed the MP CM.