Under this scheme people will get basic bank accounts with insurance facility and an additional facility of overdraft. Address proof either current or permanent. Above table indicates that public sector banks are playing their role in making the scheme a success with approx. According to PM Modi, this scheme will boost everyone’s confidence. This step will ensure that even people from rural areas and those from the unorganized sector have access to quick and convenient banking options. We have already discussed the format of Essay and have shared a sample Misuses of the Saviour-The Internet with you last week.

The Jan-Dhan Yojana is aimed to provide basic banking accounts with a debit card with inbuilt accident insurance. After completing six months of satisfactory operations of the Jan Dhan account, an overdraft facility of Rs. He is a passionate writer, has a keen interest in international relations and changing world order. 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. It became a big burden for all common people, business people, offices etc. It is advisable that you describe the issue in general terms. Various private and public banks offer mobile banking facilities to customers.

Jan dhan yojana

This is one of the best step taken by the Indian government for the upliftment of the poor people. The banking network is all set to open bank accounts of the uncovered households in both rural and urban areas. Although this number has been disputed due to the fact uan banks have been depositing Re. Maharishi Markandeshwar University Apply Now.

essay on prime minister jan dhan yojana

To curb corruption our government took this initiative. Needful modification in Rupay cards program and life cover has made the scheme more attractive. Accessed 23 May Investigations are unearthing underhanded practices carried out by banks — such as depositing Re.


essay on prime minister jan dhan yojana

Cite this Essay To export a reference to this article please select a referencing style below: Run by Department of Financial ServicesMinistry of Financeunder this scheme 15 million bank accounts were opened on inauguration day. Views Read Edit View history.

Jan Dhan Yojna creates record and Bank Accounts will enhance the economy. By using this site, you agree to nan Terms of Use and Privacy Policy.

Your email address will not be published. Honorable Prime Minister Shri Narendra Modi into his first Independence Day speech of the newly elected government in May announced what created a buzz among all the people of democratic India. This essay has been submitted by a student. Further, these accounts have not yet added considerable profits to PSU banks.

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

Ravi Shankar Prasad said that the scheme will be followed by economic banking, literacy and education. BusinessEconomics Subcategory: Interest is on deposit.

essay on prime minister jan dhan yojana

Aadhaar-linking ensured transparency, eliminates fraud and proves to be highly beneficial for the government and the citizens. Address proof either current or permanent.

Jan dhan yojana

Main motto of this scheme 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. Individuals who receive various benefits under various government schemes like LPG subsidy can now receive the amount directly into their Dan accounts. The opportunities of insurance coverage are limited in the rural areas and to most it is impossible to think of paying the premium for a policy.


The Pradhan Mantri Jan Dhan Yojana is aimed at financial inclusion of the economically weaker section of the society.

Pradhan Mantri Jan Dhan Yojana – Wikipedia

The Rupay card holder must have performed at least one financial transaction successfully within 90 days from the date of accident. 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 yojama status of individuals that this scheme is aimed at uplifting.

Once you become an account holder, you will get Rs 1 lakh insurance immediately without filling any separate form.

But now banks are also not in a position to conduct these operations. 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 yojna at uplifting. Government schemes in India.

Through the PMJDY, crores of people now have insurance, access to in facilities and loans, and can enjoy the benefits of Aadhaar. Along with the Jan Dhan bank account, every family will get a RuPay debit card. 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.