Jharkhand tribal communities unable to access bank funds due to KYC: Jairam Ramesh

Quick Summary:

Jairam Ramesh highlights that thousands of tribals in Jharkhand struggle to access their bank funds due to stringent KYC norms.

He urges the Reserve Bank of India to review these procedures, citing surveys where 60% of households in Latehar and Lohardaga have frozen bank accounts, affecting access to MGNREGA wages and government cash transfers.

The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: India

Topics: MGNREGA Business news KYC Jharkhand Jairam Ramesh Bank accounts Reserve Bank of India Tribal communities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 16:20:33 (3 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 820 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23323011

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