PRADHAN MANTRI JAN DHAN YOJANA ESSAY IN TELUGU
This type of account call “Small Account” , can regularized within one year. The Hindi nomenclature of the scheme has also been criticized. Many individuals who already have bank accounts may have had accounts created for themselves, lured by the insurance covers and overdraft facilities. Never miss a great news story! To see your saved stories, click on link hightlighted in bold. The prime minister topped up each account with life insurance cover of Rs 30,, adding to the Rs 1 lakh accidental insurance benefit already available under the account that will come bundled with a Ru-Pay-enabled debit card. Bio-metric based account opening and transaction are available through business correspondent.
Foul language Slanderous Inciting hatred against a certain community Others. The good leverage is that the pm and his men are competent and if the scheme and its plan of operation were not good they would not have gone for this. This helps illiterate people also do banking. Low-risk customers will now have the leeway to provide KYC documents within six months of opening a bank account. In all, programmes and 77, camps were organised on the first day for the opening of bank accounts.
The government is looking at the modalities and may make an announcement on August 15, the official said.
Defence Defence National International Industry. As per the government notice, only those people would get the overdraft facility whose transaction record has satisfactory operations in their account for some time. Notify me of follow-up comments by email.
This page was last edited on 22 Mayat 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 telugk these hard-fought gains are to prove sustainable.
SBI to discontinue free yojanx cover for loan customers. The account holder will also be provided life insurance cover of INR 30, for accounts opened before January 26, and an accidental insurance cover of INR 1 lakh. Opening of no-frills accounts: The good leverage is that the pm and his men are competent and if the scheme yoiana its plan of operation were not good they would not have gone for this.
Subscribe to Blog via Email Subscribe to MyIndia and get access to all the latest happenings around the India with a single click. Without access to a basic bank account, facilities such as insurance cover and debit cards remain a far cry to this section of the population.
The account balance in these accounts may not exceed INR at any point in time. Green Homes Good esswy you, Good for the planet.
Jan Dhan Yojana – An Era Of Financial Inclusion Begins
The programme is Prime Minister Narendra Modi’s first blockbuster social upliftment scheme and is aimed at improving the lives of millions of India’s poor by bringing them into the financial mainstream and freeing them from the clutches of usurious moneylenders, while giving them a modicum of insurance cover.
With new branches, new infrastructure, new jobs should also be generated.
Usually business correspondent appointed in remote rural area where bank branches not present. The scheme has been criticized by opposition as an effort to please voters that has created peadhan work-burden on the public-sector banks.
Never miss a great news story! The scheme has about million subscribers.
Free accident cover likely for Jan Dhan A/C holders
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. Never miss a great news story! Will be displayed Will not be displayed Will be displayed. Bio-metric based account opening and transaction are available through business correspondent. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
Pai September 11, at 1: But how far it is specific, it is yet to be known. At present, the Pradhan Mantri Suraksha Bima Yojana offers accidental deathcum-disability cover of Rs 2 lakh for an annual premium of Rs The scheme was launched by Modi in Free RuPay debit card for account.
Pradhan Mantri Jan Dhan Yojana – Wikipedia
Account opening and bank transactions are through business correspondent. Get instant notifications from Economic Times Allow Not now. International Business World News. We have to connect every person with the financial system.