The Department of Financial Services (DFS), in collaboration with RBI and Baroda Banks organized saturation camps on 10th September, 2025 at Bade Village, Chumoukedima. This campaign is to promote universal coverage of financial and social security schemes like PMJDY, PMJJBY, PMSBY & APY. This event is part of a nationwide campaign running from July 1st to 30th September 2025. The purpose of this campaign is to achieve universal coverage of government sponsored financial schemes; to promote financial and digital literacy; to inform villagers about the importance of re- KYC and preventing digital fraud.
Advisor, Industries & Commerce, Hekani Jakhalu speaking as a special guest, thanked the entire team of Baroda Bank for taking such an initiative for the people of Bade Village. She said that time has changed, as banks have shifted from traditional banking, relying on physical to digital ones, with just a click we can manage our finances anytime and anywhere.
She highlighted that Bank of Baroda has the highest CD ratio more than 15% and that itself prove that, the bank is helping the people. Every village has their own challenges and many household have accounts but a significant portion remains inactive, due to inconvenience of accessing services and different schemes that are available. Hence, she requested the Bank for setting up its branch in Bade Village and assured to make it one of the highest performing in the State.
Jakhalu, also informed the villagers that banks provide an access to basic banking services like Zero- balance accounts, insurance, and pensions. Tribal communities particularly benefit from this kind of access as the bank offers the chance to save money, invest, financial education, business loan etc. She urged the Bade Village to grab this golden opportunity to secure their future and provide financial protection for their family.
Executive Director, Bank of Baroda, Beena Vaheed in her address, extends her gratitude to the customers, SHG members and community participants whose enthusiasm and involvement remain the true driving force behind this mission. She stated that, Financial Inclusion is not merely a banking program; it is a tool for social transformation. It enables individuals irrespective of income, Background or location, to access saving credit, insurance and pension schemes. More than that it brings dignity, identity and security-bridging the gap between aspiration and opportunity in a diverse country like ours, where the financial inclusion is the key to inclusive growth and the foundation of a resilient, equitable India.
She informed on various scheme like- Pradhan Mantri Jan Dhan Yojana (PMDY), where she highlighted that since its launch in 2015, has been instrumental in bringing millions into the banking fold. As the scheme approaches its 10 anniversary, it is crucial that account holders complete their KYC updates as per RBI guidelines. Re-KYC ensures continued access to overdraft facilities, DBT benefits, insurance, and pensions, while also safeguarding accounts from misuse. Customers can conveniently complete this process at the nearest BC or CSP point of their bank. Alongside Re-KYC, new PMJDY accounts are being opened during this campaign. These zero-balance accounts provide- No requirement to maintain a minimum balance; RuPay debit card; Overdraft facility up to ₹10,000 (for eligible account holders); Accidental Insurance cover of 2 lakh with RuPay card; Eligibility for DBT, PMJJBY, PMSBY, and APY schemes.
She also informed on Insurance & Pension Schemes on Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): Life insurance of ₹2 lakh at an annual premium of 436.
Pradhan Mantri Suraksha Bima Yojana (PMSBY): Accidental insurance of 2 lakh (death/total disability) and ₹1 lakh (partial disability) at just ₹20 per year.
Atal Pension Yojana (APY): Guaranteed monthly pension of ₹1,000 to ₹5,000 after 60 years, depending on contributions.
She added that, these are not just government schemes; they are practical solutions that help families secure their future and manage unexpected challenges with confidence. The Bank is fully committed to the national mission of financial inclusion. Across India, we have been organizing saturation camps-both planned and unscheduled through our network of branches and business correspondents. We place strong emphasis on financial literacy, especially among women and marginalized groups, through workshops, digital awareness drives, and SHG partnerships. In Nagaland, 874 Gram Panchayat Camps have been scheduled across banks, of which Bank of Baroda is responsible for 42, and has already conducted 23. The bank also actively supports Self Help Group, she added.
In conclusion she said that, every account opened, every insurance enrolled, and every pension activated strengthens our collective vision of inclusive growth. She urged all to come together and carry the momentum forward and build a financially inclusive India.
Short speeches were also delivered by SDO(C), Chumoukedima, Shreyansee Jain, IAS; AGM, RBI, Kohima, K. Samuel Liangousian; DGM, NABARD, Nagaland, RO, O.P Mounglang; SLBC, Nagaland; Secretary Bade Village Council, Khosato H. Keyho. Later, Distribution of Sanction letter to 18 beneficiaries was distributed by Executive Director, Bank of Baroda, Beena Vaheed.
(Tovikali, IA, Chumoukedima)
