The scheme will be beneficial for the poor. Major objective of Jan-Dhan Yojana: And, it brought about Rs. Through the saved money they can help themselves in their bad days without the need of other. It can be said that there are two sides to the introduction of the scheme. The Prime Minister said that with the launch, the momentum of inclusive financial networking should gain momentum Gadi apne aap chalne lagti hain.

The scheme was implemented with high targets such as opening 1 lakh accounts on the first day. The Jan Dhan scheme provides for an account for each family. Monica Nagnyal Jul 6. A number of deposits rose to Rs. The idea behind this feature is to innovate as much as possible to ensure financial inclusion as well as financial security to as many Indians as possible. 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. Engaging business correspondents BCs:

The Jan-Dhan Yojana is aimed to provide basic banking accounts with a debit card with inbuilt accident insurance. There is minimum monthly remuneration of Rs 5, to business correspondents who will provide the last link between the account holders and the bank.

This scheme has created an unnecessary work pressure on the Banking staff.

Essay on Jan Dhan Yojana for Children and Students

Is RBI contradicting its own stance? The main purpose of the scheme is ‘Mera Khata Bhagyavidhata’, which means ‘my account is divine’. Many programmes have been implemented to make this scheme ewsay successful scheme. Click here to cancel reply.

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short essay on pmjdy

Lovely Professional University Apply Now. Due to this, many people — who need it the most — might lose out on benefits that might crop shhort in the future. Sharda University Apply Now. 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.


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.

pn Narendra Modi opened Pradhan Mantri Jan-Dhan Yojana all over India and it is predicted that this effective scheme may prove to be beneficial for country. The total number of account holders stood at Ravi Shankar Prasad said that the scheme will be followed by economic banking, literacy and education. Relaxation on know-your-customer KYC norms: Investigations are unearthing underhanded practices carried out by banks — such as depositing Re.

short essay on pmjdy

It is advisable that you describe the issue in general terms. Amit Yadav Jul 6. Over96, accounts were opened by individuals during the first week of launch of the scheme. Pradhan Mantri Jan Dhan Yojana was launched at a enormous extent to take under the purview xhort banking all citizens of the country; irrespective of their financial esaay or regional location. The Prime Minister also said that by providing debit cards that can be swiped the scheme shall reduce the dependence on credit cards, thereby promoting savings.

Insurance benefits under the Pradhan Mantri Pmndy Dhan Yojana The best and the most significant benefit of Pradhan No Jan Dhan Yojana is that it brings under the purview of insurance, a lot of people who could not have availed insurance out of their own pocket. 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.


Run by Department of Financial ServicesMinistry of Financeunder this scheme 15 million bank accounts were opened on inauguration day.

Address proof either current or permanent.

short essay on pmjdy

The account balance in these accounts may not exceed INR at any point in time. Engaging business correspondents BCs: Interest rates will be similar to that offered by various public and private banks.

Essay For SSC CHSL Tier II (Descriptive Paper) – Jan Dhan Yojana

By using this site, you agree to the Terms of Use and Privacy Policy. Although the loan amount seems insignificant as compared to that offered as standard loan by various banks, but is quite substantial when we think of the economic status of individuals that this scheme is aimed at uplifting. Through the PMJDY, crores of people now have insurance, access to overdraft facilities and loans, and can enjoy the benefits of Aadhaar.

Aadhaar-linking ensured transparency, eliminates fraud and proves to be highly beneficial for the government and the citizens. Main motto of this scheme is to attach each and sbort Indian citizen to the Bank account so that every citizen can avail the benefit of various scheme or subsidised program run by Indian Government.

As discussed, the pjjdy sample has been divide into three paragraphs per the expected word count. There are many advantages of Jan Dhan Yojana.