Pradhan Mantri Jan Dhan Yojana

What is Jan Dhan Yojana?

It is a new scheme launched in India under which every Indian family will be enrolled in a bank for opening

a zero balance account. This scheme not only provides the families of India to have an account but it also

offer various different profits for the poor families. This new scheme is the 1 step towards bringing

economic equality in the country

Under the scheme:

1. Account holders will be provided zero-balance bank account with RuPay debit card, in addition to accidental insurance cover of Rs 1 lakh.

2. Those who open accounts by January 20, 2015 over and above the 1 lakh ₹ accident, they will be given life insurance cover of Rs 30,000.

3. After Six months of opening of the bank account, holders can avail 5,000 ₹ loan from the bank.

4. With the introduction of new technology introduced by National Payments Corporation of India (NPCI), a person can transfer funds, check balance through a normal phone which was earlier limited only to smart phones so far.

5. Mobile banking for the poor would be available through National Unified USSD Platform (NUUP) for which all banks and mobile companies have come together