CM urges Modi to exempt scheduled tribes from PAN for deposits more than Rs 50K


Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Friday urged Prime Minister Narendra Modi to exempt scheduled tribes (ST) from mandatory PAN compliance for deposits of more than Rs 50,000 in banks.

The CM wrote a letter saying since 23 per cent of the state’s population belongs to ST category residing in 44 per cent of the total area, mostly poor and belonging to tribal communities, they do not access to banking facilities. The fact that even today out of 6500 odd gram panchayats about 4400 do not have scheduled banks. With mostly ST communities inhabiting those GPs about 90 per cent do not have PAN card.

Patnaik said demonitisation has made more hardships for these tribal people as banks ask for compulsory PAN for deposits of more than 50,000.  Lack of banks in these areas is forcing people to travel far off distances to make their deposits and in case of high deposits not having PAN is a huge cause of concern, the CM said.

He requested the PM to direct his office to kindly see to the issue so that people do not have to rush to the banks every now and then. This would mean less crowd and consequent smoother operations, he added.

Leave A Reply

Your email address will not be published.