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Modi to launch Jan Dhan Yojana on August 28
Tribune News Service

New Delhi, August 25
Prime Minister Narendra Modi will launch the ambitious 'Pradhan Mantri Jan Dhan Yojana', a financial inclusion scheme that aims at covering every household with a bank account and insurance cover, on Thursday.

The scheme announced by the PM in his Independence Day address emphasises that with a bank account, every household gains access to banking and credit facilities which in turn will enable them to come out of the grip of moneylenders.

Describing the task as gigantic in an e-mail to all bank officers, the Prime Minister said: "We need to enrol over seven crore households and open their accounts. This is a national priority and we must rise to meet the challenge. There is urgency to this exercise as all other development activities are hindered by this single disability. I am sure we will overcome the situation collectively."

The PM urged the officers to "put your shoulder to the wheel and try your level best to ensure that no one is left without a bank account. This will be a source of satisfaction for you and your teams."

Banking for all

  • The primary aim of the Jan Dhan Yojana is to bring the poor into the banking system by providing them bank accounts and debit cards
  • The scheme will cover both urban and rural areas and the accounts will be linked to a debit card issued under the Ru-Pay scheme
  • Account holders will be eligible for an accident insurance cover of up to Rs 1 lakh for the entire family
  • 15 cr accounts will be opened at the rate of two bank accounts per household





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