Jan Dhan Yojana : A too Ambitious Scheme? By Deepak Parvatiyar September 2, 2014 It was from the ramparts of the Red Fort on August 15 this year that Prime Minister Narendra Modi announced in his maiden Independence Day speech his ambitious plan of financial inclusion, the Pradhan Mantri Jan Dhan Yojana (PMJDY). Following this announcement, the scheme was kicked off on August 28. The scheme is aimed at every habitation across India (barring hill states and the 82 Left-wing extremism-affected districts) to have a banking point — a bank or a banking correspondent — within a 5-km radius, by January 26, 2015. The rest of the country is to be covered by August 2016. Features of Jan Dhan Yojana Pradhan Mantri Jan Dhan Yojana envisages a bank account, an ATM-enabled RuPay debit card to an estimated 10 crore unbanked households in the country. Besides, there are incentives to open the account such as: You may also like to read Narendra Modi's biography Nare
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