Pradhan Mantri Jan Dhan Yojana is the scheme announce by the Prime Minister of India. Mr. Narendra Modi. The scheme Jan Dhan is start with an aim to make the people of the urban and the rural sector secure. The scheme will link people to the banking sector. It helps to improve the financial condition of the account holders. The goals of the security will promote by the government with the use of banking.
The essay below will guide you to the scheme. As each aspect from the launch to functioning and implementation would be covered in the essay below. Get all the information about the Jan Dhan Yojana by reading the essay below. The essay would help the students and the candidates who are preparing for government exams. As such topics are asked for the descriptive exams. So the essay of Jan Dhan is o help them by providing accurate and reliable information about the topic.
The scheme was announced by the PM of India on 28 August 2014. To open the bank account of individuals. At least one of each family. Another cabinet minister inaugurates the scheme in various other states.
Major objective of Jan-Dhan Yojana:
Jan Dhan Yojana starts with the aim to provide the basic accounts for each account the debit card issues to the candidate. The government opens one crore bank account on the first day. It leads to set the record. The Minister reveals that the mission is for Financial Inclusion. Mobile banking will also lead to the help of such people. The main feature is that the facility of Rs 5,000 overdraft in case the account link with the Aadhaar. Rupay Debit card and the inbuilt Rs 1 lakh accident insurance cover. It aims to set the banks across both the rural as well as urban areas. All the benefit under the other scheme can transfer directly to the bank account of the individuals.
Features of Jan Dhan Yojana:
The initial phase of the Jan Dhan in the 28 August 2014, and would continue up to next year. The second phase will begin in the year 2015 and would be up to 2018. The scheme would cover the micro schemes and insurances as well. Schemes like ‘Swavalamban’. would also be part of the scheme.
This is the reason the scheme has the moto or you can say tagline ‘Mera Khata Bhagyavidhata’, which means ‘my account is divine’. The best part of the scheme is that the bank account open under the scheme will open without a fee. It is free of cost. And the account open at the Zero Balance. The cheque book and the passbook for the same will be given by the bank. The Bank official will also give the Rupay card to account holder of the bank.
Documents and Application for Scheme:
To get the account open under the scheme. So that you can get access to banking. The candidate should have any of the Identity proof such as Aadhaar card or Voter card. But if you don’t have the Aadhaar card. Get it as soon as possible. Because you may need it in the future to link the account to the Aadhaar card number. You also have to give the address proof any of the permanent or Current proof of residence. Other KYC norms are also set by the RBI for the people who don’t have valid documents.
The account can be open by making use of KYC and the self-attested photographs, a signature/thumbprint. The account of such type is valid for a year. After that the candidate has to give them any of the proof such as Passport, Driving License, PAN card, Voter ID card, Aadhar card, or Ration card and two passport size photographs.
As each scheme has its cons and pros. So as the Jan Dhan Yojana. As per the experts they viability of banking, insurance accounts, Priority versus freebies banking and it can increase the burden on the taxpayer.
Lastly, the scheme Pm Jan Dhan Yojana will assist the people to get the Bank account. So that they can make use of the credit facility, insurance cover and debit card and other scheme cash transfer directly to their account. Removing the middle man and the money-lenders, commission agents and it will reduce corruption. It will enhance the economy of the country. And the untouchable will get access to banking.
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