Its main features include Rs 5, overdraft facility for Aadhar-linked accounts, RuPay Debit Card with inbuilt Rs 1 lakh accident insurance cover and minimum monthly remuneration of Rs 5, to business correspondents who will provide the last link between the account holders and the bank. Writing, Reading, Singing and Mimicry are his hobbies. Slogan of the Scheme is “Mera Khatha, Bhagya Vidhatha meaning “My account brings me good fortune” [6] The scheme was launched after the failure of previous such schemes including Swabhimaan. He also dedicated the mobile banking facility on the basic mobile phone to the nation. The Pradhan Mantri Jan Dhan Yojana is aimed at financial inclusion of the economically weaker section of the society. 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.

We have already discussed the format of Essay and have shared a sample Misuses of the Saviour-The Internet with you last week. But with a Jan Dhan account, these requirements are done away with so that anyone can open this account even if they do not have money to deposit right away. Modi in his maiden Independence speech from the Red Fort on 15 th August 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. Prakash Kumar May 2. The scheme has an objective to provide two accounts to 7.

Not only this scheme will give the facility of zero balance savings but it will also give ATM debit card, insurance cover etc. Letter to your father neglish how you are helping the household in his absence, Informal letter for Class 9, Class 10, Class Chandigarh University Apply Now. Zero Balance Requirements To open a Jan Dhan account is free of cost and does not require any amount to be deposited initially.


Pradhan Mantri Jan Dhan Yojana

The scheme objective is to secure every Indian in the rural or urban sector to the typical banking system. This has proved as a boon for people and Indian economy as every citizen started savings and help in the development of country.

Important things to keep in mind: The scheme will be beneficial for the poor. This is certifiably the largest exercise of this nature on a single day across the globe.

Jan dhan yojana

Stick to the format of the essay as discussed earlier, An essay should be divided in three paragraphs: This type of account call “Small Account”can regularized within one year. During the week i.

essay on pradhan mantri jan dhan yojana in english

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. Holding a Jan Dhan account will provide easy access to pension schemes available from the government.

Byabout 7.

essay on pradhan mantri jan dhan yojana in english

For a better understanding, it is recommended that you open the earlier articles while reading this one. 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. Account transfer for Pradhan Mantri Jan Dhan Yojana can be done from one bank in the country to another.


Retrieved 23 April But how far it is specific, it is yet to be known. The Government plans to open at least one crore bank accounts on the first day itself.

It was also started in order to promote tendency of savings among the poor people. This accident insurance is provided under the Rupay Insurance Program The scheme is run by the department of financial services, Ministry of finance, and on the inauguration day, about 1.

I want a free account.

10 Lines on Jan Dhan Yojana in English for Children and Students

Bennett University Apply Now. Government was the decision. Akalesh Kumar Yadav Jul Address proof either current or permanent.

The banking network is all set to open bank accounts of the uncovered households in both rural and urban areas. According to an analysis of various studies, “Beyond enabling account ownership and the use of financial services, the PMJDY also facilitated financial inclusion for a variety of demographics. Answer quality is ensured by our experts. Retrieved 19 February Most importantly yojaha aims to cover people from the rural areas as well as the unorganised sector of the urban and semi-urban areas.

Views Read Edit View history. Account holders can avail a cheque book from their bank if they require.