Sukhasya Mulam Dharmam, Dharmasya Mulam Artham , Arthasya Mulam Rajyam: Righteous ( as per Dharma) living is the root of Happiness. Financial stability is the root of righteous living. And Financial stability is the responsibility of the state. United we stand, divided we fall, the phrase showcases the strength among the people if they are working together and will overcome every challenge and the same way, there will be no success as they divide. Prime Minister Narendra Modi has somewhat taken inspiration from this phrase from his slogan ‘सब का साथ, सबका विकास (Sabka Saath Sabka Vikas)’. The government has added value to the phrase by acting on it. There are various plans proposed by Narendra Modi for developing the country with the development of people and Jan Dhan Yojana is a movement in this process. Jan Dhan Yojana launched today, on August 28, 2014 by the Prime Minister for making the core of the philosophy of ‘Sabka Vikas Sabka Saath’. The poorest families will be able to get banking benefits when they will have their bank account. They will be able to access the credit facilities made available by the banks for the people. This project is India’s biggest and largest Financial Inclusion drive in the history of the country which will be an aid to the development of the country. Jan Dhan Yojana is a people oriented project for the welfare of the people and reduce the inequalities among them. Narendra Modi has laid certain methods of executing the process in a planned manner:- • The name itself is very symbolic Jan Dhan Yojana means a scheme for the people and for the money of the people. “ (Mera Khata Bhagya Vidhata)”- My Bank account- the creator of my good fortune. • The purpose of this scheme is to bring poor into banking scheme. • Functions should be done in a parallel way as to ensure the proper working of operations • To be governed and looked by Union Minister and by the district and sub-district officers for maintaining the level of discipline and governance of the project. • Camps to be organized at branch level for reaching the people more broadly and penetration will be present • The project will bank on Aadhar cards which were a part of the flagship of the previous UPA government. • Once the account is active for 6 months, the account holder becomes eligible for overdraft of 2500 Rs. to 5000 Rs. • It is in a way, complementing digital India scheme and a foundation for cashless economy. Jan Dhan Yojana is an ambitious financial project proposed by the government for providing every household in the country a bank account and an insurance cover upto 1 Lac for the entire family. 1 crore people got insurance worth 1 lac perfamily in a day. This would be the record in the insurance industry. The project will make every account holder to get a ‘RuPay’ debit card with one lakh rupees accident insurance coverage. The project will have to undergo through a gigantic process to be fully operational and be a success in the country. Among the population of around 123 crore the process will be performed for over 7 crore households by the Indian Banks Association (IBA). The project is taken as a national priority and Narendra Modi has mailed bank officers to keep the bank account on priority for the households. Banks will be organizing camps about 60,000 in number to start and pace up the project. The most basic problem hindering the Indian economy is poverty and unawareness in the country. By educating the majority population on savings and use of cashless transactions, it is a step to boost economy as well as financial conditions of the poor. The poor and the uneducated people will also come to know about banking and insurance. Once, they are aware, it will be into practice to save money and use it in a channelized manner. Just like the way, all schemes being introduced by the new government is actually a step by step process to bring a change in the economy and life of Indians. Along with all this, schemes are well proofed in a way to curb corruption. People are expecting the project to ensure their future to be secure and they will have the accessibility to the services availed by the government. The bank account is the path as to get the facilities like safe deposits of money, credit facilities, etc. Narendra Modi, the visionary Prime Minister is making the government function in a way to reach the level where it needs to outshine other countries.
Posted on: Fri, 29 Aug 2014 10:38:42 +0000
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