Once Narendra Modi took oath as the Prime Minister of India, he and his cabinet ministers are constantly thinking and working towards the betterment of India and its population. On 15th August 2014, during his very first speech as the Prime Minister of India on the Independence Day, Pradhan Mantri announced the beginning of the Jan Dhan Yojana Scheme.
Pradhan Mantri began this Jan Dhan Yojana (प्रधानमंत्री जन धन योजना) with a sole purpose of providing easy banking facilities to each and every Indian citizen inspite of being poor or illiterate. There are times, when people do not have bank accounts because they are not aware about the process, they might not be having easy access to the banks or not sufficient knowledge about the importance of having a bank account. Through this scheme Pradhan Mantri made his intentions clear that a bank account for each and every household in India is mandatory. Prior to making this declaration, the chairman’s of all the PSU banks had received a personal mail from the Prime Minister of India to make facilities to enroll 75 million Indian households and to open their bank accounts.
Through Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme
A person will be able to open a zero balance account with Rs. 30,000 which are to be given by LIC
After six months of account opening the holder can get an overdraft of Rs 5000 from the bank.
The account holder will be able to transfer funds and check balance with normal phones rather than smart phones. This is due to the new technology introduced by National Payment Corporation of India (NPCI).
Mobile banking for poor will be provided through a unified platform of all banks and mobile companies called National Unified USSD Platform (NUUP).
The scheme will be providing basic banking accounts for the poor with overdraft facility of Rs 5000 after six months of enrollment, a Rupay debit card with accidental insurance facility coverage of one lakh rupees and Rupay Kisan card.
Due to the personal involvement of PM in the preparations of this scheme, 15 million bank accounts were opened on the very first day of announcement of the scheme and by the end of November 2016 the numbers of accounts opened were 270billion. Guinness world record says that most number of bank accounts were opened under this scheme within one week of 23rd August 2014 to 29th August 2014, the number being 18,096,130.
Download Pradhan Mantri Jan Dhan Yojana Form