An senior female reveals a 500 rupee note after taking out from her Jan Dhan account. (PTI Photo)
Prime Minister Narendra Modi presented this plan on August 15, 2014, quickly after thinking workplace for the very first time.
The Pradhan Mantri Jan Dhan Yojana (PMJDY), among the front runner campaigns of the Modi- led Central federal government, noted its 10th wedding anniversary on August 28, 2024. Prime Minister Narendra Modi presented this plan throughout his Independence Day speech at the Red Fort on August 15, 2014, quickly after thinking workplace for the very first time. The across the country rollout adhered to on August 28, 2014.
The PMJDY was introduced with numerous goals, every one of which have actually substantially profited the federal government and individuals. Notably, throughout the COVID-19 pandemic, the plan played a vital duty in paying out financial assistance straight to people. Additionally, funds from systems like the PM-Kisan Samman Nidhi and MGNREGA were additionally moved perfectly to recipients’ accounts, all many thanks to the prevalent fostering of Jan Dhan accounts.
Participate in the PMJDY Quiz and Win Reward
As the Pradhan Mantri Jan Dhan Yojana (PMJDY) notes its 10th wedding anniversary, the federal government is commemorating this turning point with an unique test. Citizens can currently take part and win rewards by addressing inquiries associated with this front runner plan. Prime Minister Narendra Modi introduced this campaign on the social networks system ‘X’ (previously Twitter).
The test will certainly be survive the NaMo App throughout the day on Wednesday, August 28. Participants can handle the “Jan Dhan 10/10 Challenge,” where by properly addressing 10 straightforward inquiries, they stand a possibility to win a publication on administration, directly authorized by PM Narendra Modi.
The Genesis of Pradhan Mantri Jan Dhan Yojana
When Narendra Modi’s federal government took workplace in 2014, among its very first top priorities was to bring the commoner right into the official financial system. To attain this, the federal government introduced the Pradhan Mantri Jan Dhan Yojana (PMJDY), a system developed to open up savings account for the poorest people with no equilibrium needs. This campaign led the way for the transfer of take advantage of different social protection systems to recipients via Direct Bank Transfer (DBT).
The main purpose of PMJDY was to consist of the marginalised areas of culture, that formerly did not have accessibility to financial, right into the monetary mainstream. The plan intended to open up financial savings financial institution accounts, streamline accessibility to debt, and supply insurance coverage and pension plan centers to these people.
To day, over 52.39 crore Jan Dhan accounts have actually been opened up, providing individuals the benefit of opening up a checking account with no minimal equilibrium demand or the requirement for an identifier. According to federal government information, the variety of recipients remains to expand, showing the plan’s far-flung influence.
How ‘Jan Dhan Account’ Differs from a Regular Savings Account
If you’re asking yourself exactly how a Jan Dhan account varies from a conventional financial institution interest-bearing account, right here’s what you require to recognize. Like routine interest-bearing accounts, Jan Dhan accounts additionally gain passion on the transferred quantity. However, the Pradhan Mantri Jan Dhan Yojana (PMJDY) provides fringe benefits that establish it apart.
Jan Dhan account owners obtain unexpected insurance policy protection of Rs 1 lakh and life insurance policy cover of Rs 30,000. Unlike typical interest-bearing accounts, there is no demand to preserve a minimal equilibrium in a Jan Dhan account. Moreover, recipients are qualified for an overdraft account center of as much as Rs 10,000.
Upon opening up a Jan Dhan account, account owners are released a RuPay debit card. These accounts can be opened up at both financial institutions and message workplaces, with just a frying pan card and Aadhaar card needed. Additionally, Jan Dhan accounts can additionally be opened up on-line, making the procedure much more practical.
