Jan dhan Yojana- a summary

P. M. Narendra Modi on 28 August 2014 launched Pradhan Mantri Jan Dhan Yojana. The Yojana is a mega financial inclusion plan. The primary aim of the Yojana is to bring poor financially excluded people in to the banking system by providing them bank accounts and debit cards. Jan Dhan Yojana has set an ambitions terget of bringing is more than 7.5 crore un-banked families in to Indias banking system.    every individual open a bank account become eligible to receive an accident insurance cover of up-to 1 Lakh rupees for his entire family. Moreover an additional 30000 rupees life insurance cover will be provided for thos opening bank accounts before 26 January 2015. The long term vision of the Yojana is to lay the foundation of a cashless economy and is complementary to the Digital India scheme. BIDYUT    Picture courtesy-thehindu.com