PM Modi launched two schemes of the Reserve Bank, know what will be the benefit to the common people?
Prime Minister Narendra Modi has launched two new schemes of Reserve Bank of India (RBI) today. The common man will benefit greatly from these schemes. It is about easing the investment of common man in government securities and simplification of grievance redressal process regarding banks. Explain that these are RBI Retail Direct Scheme and Reserve Bank Integrated Ombudsman Scheme. Common people will get a safe and easy way of investment in the country.
Speaking on the occasion, PM Modi said that the two schemes launched today will expand the scope of investment in the country and make it easier, more secure for investors to access the capital markets. Now people have got another option of safe investment. It will be easy for a large section of the country to invest directly in government securities.
Prime Minister Narendra Modi launched these schemes through video conferencing at 11 am. Reserve Bank of India Governor Shaktikanta Das, Finance Minister Nirmala Sitharaman, Union Minister Ashwini Vaishnav were also present on this occasion. At the launch, Finance Minister Nirmala Sitharaman said that she appreciates the way the Reserve Bank has worked closely with the Finance Ministry during the pandemic.
At the launch, PM Modi said that the RBI has done a commendable job during this pandemic. He said that this time plays a very important role in the development of the country. He said that the role of RBI is also important in this and he is sincerely hopeful that RBI will live up to it. The Prime Minister said that to increase the convenience of the common people, the RBI has continuously taken several steps keeping them in mind.
The Prime Minister said that the scope of investment will be expanded through these schemes. Access to Capital Markets will become easier and safer. This has made it easy and safe to invest in government securities. He said that One Nation and One Ombudsman have taken shape. According to him, how strong you are in resolving grievances, that is the biggest thing of democracy.
The names of these two schemes are Retail Direct Scheme and Reserve Bank Integrated Ombudsman Scheme (Integrated Ombudsman Scheme). Let us know what are these schemes and what benefit will the common man get from them?
Retail direct scheme
According to the news of Aaj Tak, through this scheme, an attempt will be made to increase the access of small common investors to government securities. Under this, a roadmap will be prepared to promote direct investment of people in securities issued by the Central Government and State Governments.
With this, common investors will be able to easily invest in government securities by opening an online account on the Reserve Bank’s website. So far only institutional investment is high in them. For this, the Reserve Bank will not charge any kind of charge, that is, there will be no fee for this service.
Reserve Bank Integrated Ombudsman Scheme
Through the Integrated Ombudsman Scheme of the Reserve Bank, efforts will be made to further improve the resolution process of the people in the country regarding the complaints of banks. The thinking behind this is that the grievances of the common people can be resolved in a faster and easier way. The theme of this scheme – One Nation, One Lokpal has been made. Under this, customers will be able to make their complaints on a single portal, one e-mail and one address.
Through this single window, bank customers will be able to file their complaints, submit documents, and monitor the progress of complaints and give their feedback.