Important details you should know about Pradhanmantri Jan-Dhan Yojana 2014 Our Prime Minister Narendra Modi yesterday (28th August 2014) launched his pet project the ‘Jan Dhan Yojana’ (People’s Wealth scheme in English), which aims to provide bank accounts to the poor and end financial untouchability. The scheme is aimed at opening 1 crore bank accounts on the first day of its launch. The state leaders in turn would launch the scheme in their respective states. Here are some important details you should know about this scheme. Q-What is this Jan Dhan Yojana Scheme ? This plan is aimed at providing bank accounts, insurance cover and a debit card to all the citizens of the country. The Jan Dhan Yojana will provide individuals with a RuPay debit card which carries free accidental insurance cover of Rs one1 lakh. According to news reports the personal accident insurance cover would be enhanced to Rs 2 lakhs per year. This is likely to provide some cover especially to marginalized sections of society in the unfortunate event of death of the earning member due to an accident. Highlights of Jan Dhan Yojana Scheme 2014 # Modi had announced the scheme on Independence Day in his address to the nation. Launched on 28th August 2014 #The logo of the mission was created by Priya Sharma. For this she got 25000 from modi #The name “Jan Dhan” was chosen through an online competition on the MyGov Platform and received more than 6000 suggestion from Indian citizens. After evaluation the jury shortlisted “Jan Dhan” which was suggested by 7 individuals among them 3 people got 10000 each # Slogan of this scheme is Mera Khata – Bhagya Vidhaata” (My Bank Account – The Creator of the Good Fortune) # The primary objective of the programme, Pradhan Mantri Jan Dhan Yojana, is to deepen financial inclusion. As many as 60000 bank camps will be conducted and about 1 crore accounts are targeted to be opened in just one day. The long term vision of the Jan Dhan Yojana is to lay the foundation of a cashless economy and is complementary to the Digital India Scheme. This scheme has set an ambitious target of bringing in more than 7.5 crore un-banked families into India’s banking system by opening more than 15 Crore bank accounts at the rate of two bank accounts per household. Every individual who opens a bank account becomes eligible to receive an accident insurance cover of up-to Rs 1 Lakh for his entire family. Once the bank account has been active for 6 months and has been linked to account holders Aadhar identity , they would become eligible for an overdraft of up to Rs 2,500 , which would further be enhanced by the bank to Rs 5000 over time. The mission will be implemented in two phases. . Phase-I from 15th August 2014 to 14th August 2015 : Universal access to banking facilities for all households across the country through a bank branch or a fixed point Business Correspondent (BC) called Bank Mitra within a reasonable distance except areas with infrastructure & connectivity constraints. To cover all households with atleast one Basic Banking Account with RuPay Debit card having inbuilt accident insurance cover of Rs.1 lakh. Further an overdraft facility upto Rs.5000 will also be permitted to Adhaar enabled accounts after satisfactory operation in the account for 6 months. Financial literacy programme which aims to take financial literacy upto village level. The Mission also envisages expansion of Direct Benefit Transfer under various Government Schemes through bank accounts of the beneficiaries of. The issuance of Kisan Credit Card (KCC) as RuPay Kisan Card is also proposed to be covered under the plan. Phase-II from 15th August 2015 : Providing micro –insurance to the people. Unorganised sector Pension schemes like Swavalamban through the Business Correspondents. The Yojana is being monitored in a Mission Mode with the Finance Minister being the Head of the Mission. It is estimated to cover 7.50 crore households with at least one account under the Yojana and also a large number of dormant accounts would be activated. Electronic Transfer of subsidies under various schemes of Government would be enabled. Both rural and urban areas will be covered in this scheme. IDBI Bank has said that it plans to open as many as 2 lakh basic savings accounts under the Pradhan Mantri Jan Dhan Yojana. Share it Admin -kd singh
Posted on: Fri, 29 Aug 2014 16:47:11 +0000