Friday, March 29, 2024
HomeBusinessBanks must not deduct money from women's monthly aid scheme: TN Finance...

Banks must not deduct money from women’s monthly aid scheme: TN Finance Minister Thangam Thennarasu  – World News Network

Chennai (Tamil Nadu) [India], September 17 (ANI): After the inauguration of Monthly Aid Scheme for 1.065 crore women on the birth anniversary of former Chief Minister of Tamil Nadu and DMK Founder, CN Annadurai, the state’s Finance Minister, Thangam Thennarasu, issued a statement addressing concerns related to the scheme.
While acknowledging the unprecedented achievement of crediting over one crore women’s bank accounts on the first day of the project, Minister Thennarasu emphasized the importance of ensuring that the beneficiaries receive their full entitlement without any deductions.
The Tamil Nadu Chief Minister, MK Stalin, inaugurated the Monthly Aid Scheme on September 15, marking a significant milestone in the state’s history.
This visionary initiative aimed at providing financial assistance to head women of households has garnered admiration not only within Tamil Nadu but also across the nation.
Other states have applauded Tamil Nadu’s commitment to women’s welfare through this scheme.Tamil Nadu identified as many as 1.06 crore women (1,06,50,000) as beneficiaries under the plan and the Rs 1,000 assistance is paid to beneficiaries through Direct Benefit Transfer.
However, amidst the scheme’s success, certain grievances came to the government’s attention. Specifically, concerns were raised about service charges levied by banks for processing the entitlement amount credited to the women’s head bank accounts.
Additionally, complaints emerged regarding some banks deducting amounts for pre-existing loans.
Finance Minister Thangam Thennarasu addressed these concerns decisively.
He stated, “In the meeting of the State Banks Group, it has been advised that the banks should not withhold the entitlement amount provided by the Tamil Nadu Government. However, it is unacceptable that this instruction is not followed in some banks.”
To ensure compliance with the government’s agreements, memorandum of understanding (MoUs) have been established between the state government and banks.
These agreements explicitly stipulate that banks must refrain from using the women’s aid amount provided by the Tamil Nadu government for their administrative expenses.
Any banks found in violation of these agreements will face the transfer of their transactions to other banks, accompanied by further disciplinary actions.
Finance Minister Thennarasu underlined the seriousness of the matter by stating that a formal letter would be addressed to the Union Finance Minister, Nirmala Sitharaman.
The letter will emphasize that banks must refrain from deducting any amount from the women’s entitlements, which are intended solely for the welfare and betterment of women beneficiaries.
This decisive stance by the Tamil Nadu government reflects its unwavering commitment to safeguard the rights and well-being of the state’s women beneficiaries.
The Finance Minister’s statement sends a clear message to banks that adherence to the agreed-upon terms and the protection of women’s entitlements is of paramount importance. (ANI)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News


Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More