Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsPOVERTY3 Marks
Question
Write a short note on Jan Dhan Yojna.
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Answer
To hit the roots of poverty through financial inclusion an ambitious scheme called Pradhanmantari Jan Dhan Yojna was stated on $28th$ August, $2014.$ The objective of this scheme was to bring those people under banking who do not have bank accounts and hence reduce regional inequalities.
This Yojna was started and the main purpose was that the subsidy given to poor families by-government should directly go to their bank account.
On the very first day of this scheme $1.5$ crore accounts were opened. By $8th$ January, the number increased to $12.58$ crore which increased investment to $₹ 10,590$ crore.
Features and Importance of Jan Dhan Yojna:
The main feature of this scheme is that the person can open the account
even by maintaining a zero balance in the account.
Once the account is maintained for five months, the bank will provide overdraft facility of $₹ 5000.$
Under this scheme those who opened account before $26$ January, also got the benefit of life insurance.
Prime Minister Jan Dhan Yojna is prominently a scheme for overall financial inclusion. On the other hand it hits directly on poverty by providing micro finance and banking facilities.
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