The scheme has an objective to provide two accounts to 7. Introduction around 40 words Body around words Conclusion around 50 words For a better understanding, it is recommended that you open the earlier articles while reading this one. It can be said that there are two sides to the introduction of the scheme. Government schemes in India. 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. Although the loan amount seems insignificant as compared to that offered as standard loan by various banks, it is quite substantial when we think of the economic status of individuals that this scheme is aimed at uplifting.
He also dedicated the mobile banking facility on the basic mobile phone to the nation. This scheme was launched by the prime minister to enable poor people to money saving. Jan Dhan Yojna will stop monetary untouchability. This scheme proves to be an iron hand in dealing with corruption, after this scheme citizen are getting their subsidy and other benefit into their account directly without any mediator or corrupt person in between. Such account is called Small Account. This does not mean the scheme is a failure, but does need to be corrected so that the targeted segment of society reaps optimum benefits from the scheme. The project has been modeled to fulfil his vision of financial inclusion by providing economic benefits for all sections of Indian society.
Not only this scheme will give the facility of zero balance savings but it will also give ATM debit card, insurance cover etc.
Opening of no-frills accounts: Notify me of follow-up comments by email. The Prime Minister said that with the launch, the momentum of inclusive financial networking should gain momentum Gadi apne aap chalne lagti hain.
We have already discussed the format of Essay and have shared a sample Misuses of the Saviour-The Internet with you last week. Also, disbursement of money will be done into the accounts of beneficiaries through direct benefit transfer as it will help to fight corruption and will make the economic condition of poor as well as of nation strong.
The scheme has seen great interest among customers from both rural and urban areas.
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. And, it brought about Rs. The Jan Dhan scheme provides esssy an account for each family. Namrata Gupta Jan 5.
Essay For SSC CHSL Tier II (Descriptive Paper) – Jan Dhan Yojana
When each and every Indian people have their own bank account they can better understand the importance of money saving. It is a good scheme overall.
Modi in his maiden Independence speech from the Red Fort on 15 th August. Priyanka Kumari Jan The Rupay card holder must have performed at least one financial transaction successfully within 90 days from the date of accident.
This accident insurance is provided under the Rupay Insurance Program Election Results Live. During the week i. The scheme is run by the department of financial services, Ministry of finance, and on the inauguration day, about 1. The scheme was implemented with high targets such as opening 1 lakh accounts on the first day. Entlish Government plans to open at least one crore bank accounts on the first day itself.
The first phase is likely to last till Augustwhile the second phase till But how far it is specific, it is yet to be known. You can add these lines in your essays and paragraph writing in your exam as well as in the school competition.
Run by Department of Financial ServicesMinistry of Financeunder this scheme 15 million bank accounts were opened on inauguration day.
10 Lines on Jan Dhan Yojana
Individuals who receive various benefits under various government schemes like LPG subsidy can now receive the amount directly into their PMJDY accounts. Without access to a basic bank account, dhqn such as insurance cover and debit cards remain a far cry to this section of the population.
A woman with strong opinions. This step will ensure that even people from rural areas and those from the unorganized sector have access to quick and convenient banking options. I want a free account. After completing six months of satisfactory operations of the Jan Dhan account, an overdraft facility of Rs.
PM Jan Dhan Yojana – Scheme Details, Benefits, Objectives & Guidelines | My India
Other State Governments also flagged-off this scheme. Account holder will get a kit containing cheque matnri, financial literacy and pass book. Narendra Modi which will strengthen India through collecting revenues.