sulabh swatchh bharat

Friday, 22-March-2019

Jan Dhan Yojana

Earlier the doors of the bans were open only for the rich people. We have decided to change this. Jan Dhan Scheme is the new starting in this direction only, through which the poor and the backwards will take benefit of the bank schemes.

Addressing the nation on August 15, 2014, Prime Minister Narendra Modi announced the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) (Prime Minister's People's Money Scheme). He had then described the PMJDY as a big step towards achieving financial inclusion for all in a time-bound manner. 
The scheme that was formally launched on August 28, 2014 offers opening of bank accounts with overdraft facilities, insurance cover, pension services, access to credit card for economic activity and RuPay Debit Cards for every citizen of the country. The main objective is to ensure universal access to banking facilities with at least one basic banking account for every household. 
The plan also envisages channelling all government benefits to the accounts of beneficiaries and giving a major push to the Direct Benefits Transfer (DBT) scheme of the government. 
The scheme is an outcome of a conviction held by Narendra Modi that exclusion from the banking system excludes people from all benefits that are available in a modern financial system. This scheme is thus a vehicle for financial inclusion, which has become a priority of the government.
Millions of people have already opened PMJDY accounts. The figures are going in excess of the ambitious standards set by the Prime Minister for the banks. On the basis of the accounts, millions of Bank Mitra, Bima Surakhsa and Jeevan Bima Jyoti polices have been issued.

PMJDY gets off to a flying start: Two instances
Shri M. Marivel, s/o Mariappa Thevar, got his account opened with the Central Bank of India on 19.09.2014. He died due to massive heart attack on 03.01.2015. His family members visited the bank branch and gave information of his demise. The branch manager processed the claim within 48 hours and saving account of the spouse of the deceased got the credit of Rs. 30, 000, i.e. the life insurance claim amount under PMJDY.(Press note on PMJDY)

Smt. Nabisha Begam (above) works as a maid servant. Her husband is a contract-labourer and she has two school going children. The PMJDY Account is her first bank account opened through a financial literacy camp conducted in that area by the IDBI Bank. Before opening a bank account, a major portion of her earnings were wasted due to unwanted spending. After opening her PMJDY account, she has improved her banking habits by making regular savings.