This financial inclusion campaign was launched by the prime minister of India on 28 August Pradhan Mantri Jan Dhan Yojana was launched at a massive scale to bring under the purview of banking all citizens of the country; irrespective of their financial status or regional location. It is a good scheme overall. In addition, while the Indian Government was actively attempting to promote financial inclusion through this scheme, the Reserve Bank of India , permitted banks to charge customers for conducting ATM transactions beyond a certain number of times per month. These accounts, however, will be subject to certain limitations — total deposits may not exceed INR in a year and total withdrawals cannot be over INR a month. Business , Economics Subcategory:

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. This reduces delay and leakage to get service. Insurance benefits under the Pradhan Mantri Jan Dhan Yojana The best and the most significant benefit of Pradhan Mantri 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. 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. This step will ensure that even people from rural areas and those from the unorganized sector have access to quick and convenient banking options. Letter to a friend describing a match you saw yesterday, Informal letter for Class 9, Class 10, Class

But most of the rural India is not with a single bank account until recent past. The scheme has been criticized by opposition as an effort yojanna please voters that has created unnecessary work-burden on the public-sector banks. A number of deposits rose to Rs.


Jan Dhan Yojana – An Era Of Financial Inclusion Begins

The account balance in these accounts may not exceed INR at any point in time. Non-financial customer-induced transactions will also be included. But now banks are also not in a position to conduct these operations. Interest rates will be similar to that offered by various public and private banks.

short essay on pradhan mantri jan dhan yojana

To open a Jan Dhan account is free of cost and does not require any amount to be deposited initially. You can use these html tags: But how far it is specific, it is yet to be known. Banking for all to end “financial untouchability ” “.

PM Jan Dhan Yojana – Scheme Details, Benefits, Objectives & Guidelines | My India

We have to connect every person with the financial system. Banasthali University Apply Now. Modi in his maiden Independence speech from the Red Fort on 15 th August Main motto of this prarhan is to attach each and every Indian citizen to the Bank account so that every citizen can avail the benefit of various scheme or subsidised program run by Indian Government. Will not be published Required.

Jan dhan yojana

This scheme helps in the upliftment of poor and economically and socially backword people. 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. In the long manyri, the scheme will also permit 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.

The account holders will be provided a zero-balance savings mantr with a RuPay debit card. Akalesh Kumar Yadav Jul Without the supply of currency all the business transactions have been stumbled.


You can always add your own information and make your content unique. We have already discussed the format of Essay and have shared a sample Misuses of the Saviour-The Internet with you last week. A lot of things are demanded of you, and oftentimes it seems like In the second phase, dban government will also make pension schemes available to these account holders.

short essay on pradhan mantri jan dhan yojana

This effective scheme has a national mission on financial inclusion in order to cover all households in the country with banking facilities and having a bank account for each household. Money saving scheme is very necessary to make an end level development in the India which can be started and achieved by making people living in the rural areas more couscous about their saving.

short essay on pradhan mantri jan dhan yojana

The esday of this scheme is reflected in the data below as on This mega scheme has attracted the mass population because the scheme proves to the bunch of financial products and services starting with universal banking facilities to facilities of micro finance and pension provision at a very affordable cost.

Through the saved money they can help themselves in their bad days without the need of other. Retrieved 29 August Do not express views which may hurt the reader. It became a big burden for all common people, business people, offices etc.

Usually business correspondent appointed in remote rural area where bank branches not present. This scheme was announced by Mr.