ESSAY ON PM JAN DHAN YOJANA

The scheme is a social policy intended at provide banking facilities to even those who do not have the money to pay for the minimum account balance at the time of account opening. The scheme offers a life cover of Rs. Usually business correspondent appointed in remote rural area where bank branches not present. The scheme objective is to secure every Indian in the rural or urban sector to the typical banking system. Low-risk customers will now have the leeway to provide KYC documents within six months of opening a bank account. 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.

The scheme has, however, attracted criticism from some quarters. Hi Gradians,hope you are reading well. As you cannot please everyone in a democratic country, the opposition and few people criticised it and said that the poor needs foods grain more than any bank account and financial services. The scheme was targeted at the rural and unorganised sector by sending emails to banks informing them of the PMJDY scheme. The scheme offers a life cover of Rs. After completing six months of satisfactory operations of the Jan Dhan account, an overdraft facility of Rs. The good leverage is that the pm and his men are competent and if the scheme and its plan of operation were not good they would not have gone for this.

This scheme provides an Overdraft facility of Rs after six months and Rupay debit card with an inbuilt accident insurance cover of Rs 1 lakh and Rupay Kisan Card to the account holder. Accounts under this scheme can be opened with any registered bank or with Business Correspondent Outlet intended especially to ease account opening under the Jan Dhan Scheme. Most importantly it aims to cover people from the rural areas as well as the unorganised sector of the urban and semi-urban areas.

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Out of these accounts, For a better understanding, it is recommended that you open the earlier articles while reading this one.

Pradhan Mantri Jan Dhan Yojana – Wikipedia

The reality of this scheme is reflected in the data below as on Retrieved 26 May Most savings bank accounts require an initial deposit to open a bank account and also a minimum balance to yojxna maintained on a monthly or quarterly basis. Jan Dhan Yojna will stop monetary untouchability.

This effective scheme has a national mission on financial dhhan in order to cover all households in the country with banking facilities and having a bank account for each household.

essay on pm jan dhan yojana

The project has been modeled to fulfil his vision of financial inclusion by providing economic benefits for all sections of Indian society. Due to this, many people — who need it the most — might lose out on benefits that might crop up in the future.

Jan dhan yojana

In the second phase, the government will also make pension schemes available to these account holders. Pradhan Mantri Jan Dhan account can be used to transfer money to and from various other public and private banks across the country.

Deposits made into the Jan Dhan accounts are eligible to earn interest at the rate declared which is subject to change from time to time. A little increase or decrease in the word limit from our side will solely be for providing you more and more alternative styles of writing.

Although this number has been disputed due to the fact that banks have been depositing Re. During the week i. Shiv Nadar University Apply Now. Retrieved 23 April Chandigarh University Apply Now. If address changes then person needs to submit fresh address proof to the bank.

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Pradhan Mantri Jan Dhan Yojana

The good leverage is that the pm and his men are competent and if the scheme and its plan of operation were not good duan would not have gone for this. Monica Nagnyal Jul 6. Jaan a Jan Dhan account will provide easy access to pension schemes available from the government. Zero Balance Requirements To open a Jan Dhan account is free of cost and does not require any amount to be deposited initially.

Jan dhan yojana

The scheme is run by the department of financial services, Ministry of finance, and on the inauguration day, about 1. I request you all. The scheme was targeted at the rural and unorganised sector by sending emails to banks informing them of the PMJDY scheme. Usually business correspondent appointed in remote rural area where bank branches not present. Stick to the format of the essay as discussed earlier, An essay should be divided in three paragraphs: Along with the Jan Dhan bank account, every family will get a RuPay debit card.

essay on pm jan dhan yojana

In the long run, the scheme will also ezsay 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. Cannabis or marijuana has long been considered an effective way to cure different complications.

The Jan Dhan Yojana aims to help the inexpensively weaker sections of the society to become fiscally confident. The scheme offers a life cover of Rs. Will not be published Required.