On 26th July 2014 the Prime Minister of India launched MyGov, a citizen engagement platform enabling the people of India to contribute towards good governance by sharing their thoughts, ideas and suggestions. Since its launch MyGov has generated a phenomenal response across the nation. Registrations have reached a record high as citizens are making their contribution towards nation building through this platform.
Among the most innovative facets of MyGov is the Creative Corner, where various ministries can seek creative inputs for logos, captions etc. pertaining to their departments.
In the creative corner the Finance Ministry has shared a task where they seek a logo, name and tagline for the Ministry’s initiative to provide inclusive financial services to the people of India particularly the poorest of the poor. The last date of submission is 7th August 2014 and the winning entry would be awarded a cash prize of Rs. 50,000.
More about the task
The details put up on the MyGov Creative Corner section clearly list out the technical parameters that need to be adhered to while submitting an entry.
The evaluation criteria is an innovative mix of a selection committee and other MyGov users, who can ‘like’ the designs of their choice. This adds an element of public participation to the task and the platform in general.
More about comprehensive financial inclusion
Comprehensive Financial Inclusion incorporates providing all households in the country with banking services, with particular focus to empower the weaker sections of society, including women, small and marginal farmers and labourers, both urban and rural.
Comprehensive Financial inclusion of the excluded sections is therefore proposed to be achieved by 14th August, 2018 in two phases as under :
Phase I (15th August, 2014 – 15th August, 2015) –
Universal access to banking facilities Providing Basic Banking Accounts with overdraft facility of Rs. 5000( after satisfactory completion of one year of operations) and RuPay Debit Card with inbuilt accident insurance cover of Rs. 1 lakh Financial Literacy Programme Creation of Credit Guarantee Fund for coverage of defaults in overdraft A/Cs
Phase II (15th August, 2015 – 15th August, 2018) –
Micro Insurance Unorganized sector Pension schemes like Swavlamban
Some of the Phase II activities would also be carried out in Phase I.
In addition, in this phase, coverage of households in hilly, tribal and difficult areas would be carried out. Moreover, this phase would focus on coverage of remaining adults in the households and students.