This is a major step taken by government to provide the essential financial services to the poor citizen and attach them to the main stream of development. Modi in his maiden Independence speech from the Red Fort on 15 th August Main motto of this scheme is to attach each and every Indian citizen to the Bank account so that every citizen can avail the benefit of various scheme or subsidised program run by Indian Government. On the day of Inauguration Mr. To open a Jan Dhan account is free of cost and does not require any amount to be deposited initially. To get a cheque book, there is a minimum balance required in the account.

Lovely Professional University Apply Now. We will occasionally send you account related emails. Every family will have its own bank account. Although the loan amount seems insignificant as compared to that offered as standard loan by various banks, but is quite substantial when we think of the economic status of individuals that this scheme is aimed at uplifting. Therefore, the reach of ATMs needs to be expanded, probably by having an arrangement with 1. As per the government notice, only those people would get the overdraft facility whose transaction record has satisfactory operations in their account for some time.

This essay has been submitted by a student. Cannabis or marijuana has long been considered an effective way to cure different complications. Similarly, there is scope for providing enhanced incentives for business correspondents operating in remote areas with adverse demographic and income levels esday, historically, number of transactions are low.

essay on pradhan mantri jan dhan yojana

Introduction around 40 words Body around words Conclusion around 50 words For a better understanding, it yojan recommended that you open the earlier articles while reading this one. Your time is important. Get an expert to write your essay! But with a Jan Dhan esssay, these requirements are done away with so that anyone can open this account even if they do not have money to deposit right away.


In order to overcome barriers, the banking sector has been making various efforts, including technological innovations such as ATMs, credit and debit cards, internet banking, introducing electronic benefit transfer, using mobile technology etc.

Pradhan Mantri Jan Dhan Yojana Essay for Students

This will help the financial condition of essqy account holders as well as promote social security goals of the central government. They can deposit the money and earn interest on it and withdraw it from an ATM when the need arises.

essay on pradhan mantri jan dhan yojana

A number of deposits rose to Rs. The scheme was targeted at the rural and unorganised sector by sending emails to banks informing them of the PMJDY scheme.

The scheme has seen tremendous enthusiasm among customers from both rural and urban areas. It has a turbulent history in The scheme has faced a number of problems but has also proven matnri be a blessing for many.

essay on pradhan mantri jan dhan yojana

Although this number has been disputed due to the fact that banks have been depositing Re. Having trouble finding the perfect essay? Your email address will not be published. The number of RuPay cards has prradhan to Pankaj Raj Dec Insurance benefits under the Pradhan Mantri Jan Fhan Yojana The best and the most significant benefit of Pradhan Mantri Jan Dhan Yojana is that it brings under the purview of insurance, a lot of people who could not have availed insurance out of their own pocket.

Pradhan Mantri Jan Dhan Yojana – Wikipedia

Read more about this here. With the Jan Dhan account, customers who fulfill the eligibility conditions will receive Rs. Above table indicates that public sector banks are playing their role in making the scheme a success with approx. Major objective yojaa Jan-Dhan Yojana: He also dedicated the mobile banking facility on the basic mobile phone to the nation.


Pradhan Mantri Jan Dhan account can be used to transfer money to and from various other public and private banks across the country. Without the supply of currency all the business transactions have been stumbled.

The Pradhan Mantri Jan Dhan Yojana (PMJDY) – Flagship Financial Scheme

But with a Jan Dhan account, these requirements are done away with so that anyone can open this account even if they do not have money to deposit right away. Accessed 22 May This reduces delay and leakage to get service. Pradhan Mantri Jan Dhan Yojana was launched at a enormous extent to take under the purview of banking all citizens of the country; irrespective of their financial status or regional location.

This accident insurance is provided under the Rupay Insurance Program This is just a sample from a fellow student. To ensure the expansion of account openings, the RBI had also esssy norms on know your customer requirements. You can use these html tags: Do not express views which may hurt the reader.