Cooperative Banks to Link with DBT: Amit Shah's big announcement for the customers of Cooperative Bank, you will also be happy to hear the benefit

 Cooperative Banks Update: The government's plan is to connect all the existing cooperative banks in the country with Direct Bank Transfer (DBT). This step of the government will benefit the people taking advantage of government schemes in the country.

Cooperative Banks Update: Welfare steps are being taken continuously by the government for the people of the country. Under this, now the customers of cooperative banks will get the benefit of all the schemes of the government. For this, there is a plan to connect cooperative banks with Direct Bank Transfer (DBT). Recently, Union Cooperation Minister Amit Shah said this while addressing a program through video conferencing.

300 schemes running at present

At present, the benefits of 300 schemes operated by 52 ministries of the government are being passed on to the beneficiaries through DBT. Now the customers of cooperative banks will get the benefit of all these schemes. The Union Minister said that there has been a lot of improvement in the banking sector than before. Due to this the citizens of the country are getting the benefit of banking services.

Digital transactions crossed one trillion dollars

He said that due to Jan Dhan Yojana, the bank account of 45 crore new people has also been opened. Similarly, 32 crore people have also got the benefit of Rupay debit card. All this has happened because of PM Modi's resolve to prosper from cooperation. The Cooperation Minister said that the cooperative sector will play an important role in the prosperity and economic upliftment of the country. Digital transactions of crores of new accounts opened under PM Jan Dhan Yojana have crossed one trillion dollars. In comparison to the digital transactions of the year 2017-18, there has been an increase of 50 times.

Saved the farmers from the clutches of moneylenders

With the joining of cooperative banks with DBT, more connectivity with citizens will increase and the cooperative sector will be strengthened. The Union Minister, while congratulating the Gujarat State Co-operative Agriculture and Rural Development Bank i.e. Kheti Bank on its entry into the 71st year, talked about the bank. This bank has played a great role in saving the farmers from the clutches of moneylenders.

Benefit given to those who repay the loan on time

Amit Shah said that the agriculture bank has proved itself on all the parameters that RBI and NABARD have made for banking. Earlier, the loan was available from the bank at 12 to 15 percent interest, which has now come down to 10 percent. Not only this, a concession of 2 percent is also given to the beneficiaries who repay the loan on time.