PM Narendra Modi launches Jan Dhan Yojana

Prime Minister Mr. Narendra Modi launches the Jan Dhan Yojana, which is a mega financial inclusion plan and under this scheme record 1.5 cr bank A/Cs opened today.

Under the Jan Dhan Yojana bank accounts will be opened and RuPay debit cards will be issued with a insurance cover of Rs 1 lakh to the persons with no access to formal banking facilities. Through this scheme cores of people will be benefited.

Highlights of the Jan Dhan Yojana

• End financial untouchability for freedom from poverty
• "Vish-chakra se gareebon ki aazadi ka parv" - celebration of liberation of the poor from a poisonous cycle
•  A record unprecedented in economic history - 1.5 crore bank accounts opened in one day

According to the PM this is the beginning of the end of financial untouchability in India and today an estimated 1.5 crore bank accounts across the country opened. This is the massive unprecedented exercise in the economic history.

Formally Pradhan Mantri Jan Dhan Yojana (PMJDY) is launched by PM Narendra Modi at Vigyan Bhawan in New Delhi.

The Prime Minister said that though the initial target of PMJDY was to open bank accounts for 7.5 crore families in one year, he had exhorted the concerned officials to complete the task before the next Republic Day.

Source: PIB