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Jan Dhan Yojana is a financial inclusion scheme launched by the Government of India. It is a national mission for financial inclusion to provide universal access to banking services, with a particular focus on providing access to banking facilities in rural areas.
The Jan Dhan Yojana has helped people in rural areas get access to banking facilities and has made it possible for them to avail of various services like insurance, loans, pensions and even mobile phones. The scheme has also helped make government benefits accessible to the public.
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Introduction: Who is Jan Dhan Yojana, Why was the Scheme Started and What are its Goals?
Jan Dhan Yojana is a financial inclusion scheme that was started by the Indian prime minister Narendra Modi on 28 August 2014. It has three goals – to expand banking services to every household, provide an accident insurance cover of 1 lakh rupees, and reduce the number of zero-balance accounts.
The scheme was started with the intention of providing bank accounts for all households in India so that they can access formal banking services without any difficulty. This will help them access loans and other benefits offered by banks to improve their livelihoods.
The Jan Dhan Yojana has helped more than 270 million people open bank accounts in India since its inception.
What is Jan Dhan Yojana?
Jan Dhan Yojana is an Indian government program that aims to provide financial inclusion by providing zero-balance bank accounts to the poor.
The Jan Dhan Yojana was launched on the 28th of August, 2014, by Prime Minister Narendra Modi. This program provides zero-balance bank accounts for the poor with an aim to improve their access to banking services and financial services. The account can be opened with any amount of money and does not require any collateral or security deposit.
How to Register for a Jan Dhan Account?
The account registration process for Jandhan is relatively easy and straightforward.
Firstly, you need to go to the website of the Indian Government’s social security scheme for poor people.
Secondly, you need to provide your basic information including name, address, date of birth, etc.
Thirdly, you need to provide your Aadhaar card number and finally submit the form.
Once you download the Application you can go to any local bank or Business Correspondent (Bank Mitra) branch and submit the required documents. Once the documents are verified they will open a savings account under Jan Dhan Yojana.
Passport, driving license, PAN card, voter’s identity card, NREGA job card duly ratified by a state government official, and letter authorized by the Unique Identification Authority of India or Aadhaar card can be used for proof.
Vist the PMJDY webiste . Under E Documents, you will find the Account opening form in both Hindi and English, you can download the form, fill it up and visit the nearest bank for an account opening.
Benefits of Jan Dhan Yojana (PMJDY)
- A basic savings account is available to the unbanked.
- There isn’t a requirement to maintain a minimum balance amount on PMJDY accounts.
- The interest earned is based on the deposits made.
- Rupay Debit card is given to the account holder.
- Accident Insurance Coverage that is Rs.1 lakh (enhanced to the amount of Rs. 2 lakh for new PMJDY accounts that were opened following 28.8.2018) is available through the RuPay card.
- A credit card (OD) facility of up to 10,000 for those who are eligible account holders.
- PMJDY accounts are eligible for Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Micro Units Development & Refinance Agency Bank (MUDRA) scheme.
Conclusion
This Jan Dhan Dhan account is a no-frills, low-cost account that offers basic banking services.
Jan Dhan Dhan account was launched by the Indian Prime Minister, Narendra Modi on August 28th, 2014. It was aimed to provide financial inclusion for all sections of society. The Jan Dhan Dhan account is a no-frills, low-cost account that offers basic banking services. It has been designed to provide financial inclusion for all sections of society – right from the poor to small businesses and housewives.
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