MoneymintMoneymint
    • About
    • Bank
    • Blog
    • Business
    • Money
      • Credit Cards
      • Crypto
      • Investments
      • Tips
      • Review
    • Net Worth
    • Disclosure
      • DMCA
      • Terms and Conditions
      • Privacy Policy
    Subscribe
    MoneymintMoneymint
    Home»Miscellanous»Financial Inclusion

    Pradhanmantri Jan-Dhan Yojana – 10 Facts

    Sushma SinghBy Sushma SinghJune 8, 2023 Financial Inclusion
    Facebook Twitter LinkedIn Email
    dhan-jan-yojana
    Share
    Facebook Twitter LinkedIn Pinterest Email

    On 15th August 2014, India’s prime minister announced the launch of India’s most intensive financial inclusion mission titled “Pradhanmantri Jan-Dhan Yojana”.

    Jan Dhan Yojana roughly translates into English as “People’s Wealth Scheme”.  India’s prime minister Narendra Modi announced the launch of this scheme at the historic Red Fort on the occasion of India’s Independence Day. Watch the video of the announcement below:

    YouTube video

    10 Facts about Pradhanmantri Jan-Dhan Yojana

    1. The name “Jan Dhan” was chosen through an online competition on the MyGov Platform and received more than 6000 suggestions from Indian citizens. After evaluation, the jury shortlisted “Jan Dhan” which was suggested by 7 individuals.

    2. The slogan for the Pradhanmantri Jan Dhan mission is expected to be ” Mera Khata – Bhagya Vidhaata” which when translated into English means ” My Bank Account – The Creator of the Good Fortune”:

    3. The Logo of the Mission is depicted below :

    Pradhanmantri Jan-Dhan Yojana – 10 Facts

    4. The primary aim of the Jan Dhan Yojana is to bring poor financially excluded people into the banking system by providing them bank accounts and debit cards.

    5. The scheme will cover both urban and rural areas of India and all bank accounts opened will be linked to a debit card which would be issued under the Ru-Pay scheme. ( Rupay is India’s own unique domestic card network owned by National Payments Corporation of India and has been created as an alternative to Visa and Mastercard.)

    6. 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.

    7. The Pradhan Mantri Jan Dhan Yojana 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.

    8. 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.

    9. The Jan Dhan Yojana also seeks to provide incentives to business and banking correspondents who serve as the link for the last mile between savings account holders and the bank by fixing a minimum monthly remuneration of Rs 5000.

    10. 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.

    The Jan Dhan Yojana is expected to be launched formally on the 28th August 2014, when the finer details and more interesting facts are expected to make public at a function to be presided by the Prime Minister and his Cabinet Ministers in New Delhi.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    sushma
    Sushma Singh

      Sushma is a seasoned business writer and content creator with over 7 years of experience in the field. She has a talent for taking complex topics and breaking them down into easily understandable language that engages and educates her readers. Her expertise allows her to cover a wide range of topics relevant to the B2B industry, providing business owners with the knowledge they need to make informed decisions and drive growth.

      Keep Reading
      small-banks

      Small Finance Bank Licenses issued to 8 companies by RBI

      pmjdy

      PMJDY – Procedure and Conditions for Jan Dhan Yojana

      indepay-payments

      Indepay Prepaid Debit Cards launched for Urban un-banked in India

      Latest Articles


      How does eBay Payment Work – Full Guide
      September 21, 2023
      Dhruv Rathee Net Worth
      September 21, 2023
      Kuldeep Yadav Net Worth
      September 21, 2023
      How to Make Money on Pinterest Without a Blog
      September 19, 2023
      CZN Burak Net Worth
      September 19, 2023
      Honey Singh Net Worth
      September 18, 2023
      How to Avoid eBay Buyer Scam
      September 21, 2023
      Raghav Juyal Net Worth
      September 15, 2023
      Tanmay Bhat Net Worth
      September 14, 2023
      How to Use Pinterest for Affiliate Marketing
      September 19, 2023
      Moneymint
      Welcome to Moneymint.com, your go-to destination for navigating the intersection of business and money. Our platform offers insights, resources, and tools to help entrepreneurs and business owners navigate the financial landscape and achieve success.

      Our team is dedicated to providing you with proven advice and ideas from the best in the industry.
      Categories
      • Bank
      • Business
      • Credit Cards
      • Crypto
      • Loan
      • Money
      • Net Worth
      DISCLAIMER

      The information provided on this page is for informational purposes only. We encourage you to conduct your own research and due diligence on any entities named in this article. We are not affiliated with, endorsed by, or sponsored by any products, corporations, or their affiliates or subsidiaries. References to the mentioned apps/websites are dynamic in nature, and we shall strive to keep these updated. The numbers stated may differ from the actual numbers.

      © 2023 Framed Media
      • About
      • Contact us
      • DMCA
      • Terms
      • Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.