General knowledge

Important details you should know about

Pradhanmantri Jan-Dhan Yojana 2014

Our Prime Minister Narendra Modi launched (28th August 2014) his pet project the‘Jan Dhan Yojana’ ("People’s Wealth scheme" in English),which aims to provide bank accounts to the poor and end financial untouchability.

The scheme is aimed at opening 1 crore bank accounts on the first day of its launch.

The state leaders in turn would launch the scheme in their respective states.

Here are some important details you should know about this scheme.

What is this Jan Dhan Yojana Scheme ?I. This plan is aimed at providing bank accounts,

insurance cover and a debit card to all the citizens of the country

II. The 'Jan Dhan Yojana' will provide individuals with a RuPay debit card which carries free accidental insurancecover of Rs one1 lakh.

III. According to news reports the personal accident insurance cover would be enhanced to Rs 2 lakhs per year.

Our PM Modi Financial stament of cooperation of banking….

Highlights of Jan Dhan Yojana Scheme 2014

I. Modi had announced the scheme on Independence Day in his address to the nation.

II. Launched on 28th August 2014III. The logo of the mission was created by Priya

Sharma. shown here

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

(1) Slogan of this scheme is "Mera Khata – Bhagya Vidhaata”(2) The primary objective of the programme, Pradhan Mantri JanDhan Yojana, is to deepen financial inclusion. As many as

60000 bank camps will be conducted and about 1 crore accounts are targeted to be opened in just one day.

(3) This scheme has set an ambitious target of bringing in more than 7.5 croreun-banked families into India’s banking system by opening more than 15 Crore bank accounts at the rate of two bank accounts per houshold.(4) 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.

The mission will be implemented in two phases. .

Phase-I from 15th August 2014 to 14th August 2015.

Phase- II from 15th August 2015 to 14th August 2018.

The scheme has been started with a target to provide 'universal access to banking facilities starting with Basic Banking Accounts with the facilities like-

• The scheme aims to ensure that every household has at least two bank accounts.• Each of the bank accounts which are opening comes with a RuPay debitcard.• Rs.1 lakh accident insurance cover and an additional Rs. 30,000 life insurance cover.• Overdraft facility of Rs.5000 after six months

What type of Identification Proof and Address Proof needs to be submitted ?

The following identification proofs can be use to open a new bank account.

• Voter id card,• Driving license,• Passport,• PAN Card,• Aadhaar Unique Id,• NREGA Job card attested by State Government

All private and public sector banks are a part of Pradhan Mantri Jan DhanYojana (PMJDY)

Some of India’s large Nationalised banks are taking part in PMJDY. They are:

I. Bank of BarodaII. Bank of IndiaIII. Canara BankIV. Corporation BankV. IDBI BankVI. Indian BankVII. Punjab National BankVIII. Union Bank of IndiaIX. State Bank of India & it’s affiliates.X. Oriental Bank of Commerce

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