The Prime Minister said that with the launch, the momentum of inclusive financial networking should gain momentum Gadi apne aap chalne lagti hain. National Entrepreneurship Awards By allowing direct money transfer into bank accounts, the scheme is likely to cut down on corruption. Retrieved 26 May Banking for all to end “financial untouchability ” “.
The account balance in these accounts may not exceed INR at any point in time. Foul language Slanderous Inciting hatred against a certain community Others. Your Reason has been Reported to the admin. Pai September 11, at 1: In his first Independence Day address as the Prime Minister of India, Narendra Modi announced that his government would ensure that all the citizens of India have access to bank accounts and debit cards. This page was last edited on 22 May , at
National Entrepreneurship Awards Byabout 7. Is RBI contradicting its own stance?
In the long run, the scheme will also allow the poorer sections to avail themselves of subsidies and overdraft facilities through their bank accounts, which are intended to eliminate money-lenders, commission agents and corruption.
Your Reason has been Reported to the admin. No such thing as dban accident cover. International Business World News.
Pradhan mantri jan dhan yojana essay in telugu – Google Docs
Views Read Edit View history. The scheme was launched by Modi in Government schemes in India. And for that this programme has been given impetus. The scheme has about million subscribers. The government subsidies are directly transferred to the beneficiary.
Financial Literacy Materials for Skilling Centres
This reduces delay and leakage to get service. Find this comment offensive?
The account holder will also be provided life insurance cover of INR 30, for accounts opened before January 26, and an accidental insurance cover of INR 1 lakh. Notify me of new posts by email. Fill in your details: Defence Defence National International Industry.
Pradhan Mantri Jan Dhan Yojana: All you need to know
At present, the Pradhan Mantri Suraksha Bima Yojana offers accidental deathcum-disability cover of Rs 2 lakh for an annual premium of Rs This population depends on local money lenders for loans which are often given at exorbitant interest rates and unfair terms. Never miss a great news story! The Prime Minister said that with the launch, the momentum of inclusive financial networking should gain momentum Gadi apne aap chalne lagti hain.
Person who do not have valid identification document can also open bank account. Born a princess, now a storyteller. Without access to a basic bank account, facilities such as insurance cover and debit cards remain a far cry to this section of the population. Vakeel basha October mantrj, at 6: A woman with strong opinions. While the programme has made significant headway towards genuine financial inclusion, it is clear that improving policy communication, widening and deepening progress in low-income states, and ironing out the kinks in the bank-agent model will be crucial if these hard-fought gains are to prove sustainable.
Pradhan Mantri Jan-Dhan Yojana | Department of Financial Services | Ministry of Finance
More articles from Sujatha:. Will be displayed Will not be displayed Will be displayed. A student curiously looks at his new ATM card during the launch of the scheme.
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