Government Increases Incentives On Jan Dhan Yojana: 5 Things To Know

INSUBCONTINENT EXCLUSIVE:
32.41 crore Jan Dhan accounts have been opened with more than Rs 81,200 crore of deposit balance.The Union Cabinet on Wednesday decided to
make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts
Arun Jaitley
The National Mission for Financial Inclusion (PMJDY) will continue beyond August 14, 2018, said an official release
The flagship financial inclusion scheme was launched in August 2014 for a period of four years.Here are five key things to know about
Pradhan Mantri Jan Dhan Yojana:1
The overdraft limit for account holders of Pradhan Mantri Jan Dhan Yojana has now been doubled to Rs 10,000 from Rs 5,000 earlier and
The age limit for availing overdraft facility has also been revised from 18-60 years to 18-65 years.2
Under the expanded coverage from 'every household to every adult', accidental insurance cover for new RuPay card holders has been raised
According to the release, 32.41 crore Jan Dhan accounts have been opened with more than Rs 81,200 crore of deposit balance and 53 per cent
The pipeline of Jandhan-Aadhaar-Mobile (JAM) will continue to provide the necessary backbone for coverage of these activities and thereby
Launched in August 2014, the first phase of the Pradhan Mantri Jan Dhan Yojana scheme was focused on opening basic bank accounts and RuPay
debit card with inbuilt accident insurance cover of Rs 1 lakh
Besides, it provided Basic Banking Accounts with overdraft facility of Rs 5,000 after six months Phase II beginning August 15, 2015 was
planned to provide micro-insurance to the people and pension schemes to unorganised sector workers.(With PTI inputs)