Page 20 - NIS English 16-31 August 2024.pdf

Cover Story
Jan Dhan
Yojana's
Years Facilities available in PMJDY

entrepreneurs. PM Awas Yojana - Pucca Ghar, its n A Basic Savings Bank Deposit (BSBD) account
is opened for a person without a bank facility
registry was also done in the name of most of the account.
women, women got the right of ownership. Now in
this year's general budget, the limit of Mudra loans n The account can be opened at any bank
has been increased from Rs. 10 lakh to Rs. 20 lakh. branch or banking outlet operated by a
But when the Jan Dhan Yojana started, the old Business Correspondent (BC).
school of thought used to ask the question that n There is no charge for opening Jan Dhan
the poor do not have money, what will they do by accounts.
opening a bank account? The burden on the banks n Jan Dhan account holders are given a free
will increase, and how will the bank employees RuPay debit card with an accident insurance
work? Various kinds of doubts were spread. But the cover of Rs 2 lakh (Rs 1 lakh for accounts
bank employees ensured that the Jan Dhan account opened before 28-8-2018).
of the poor was opened, for this they worked day
and night, bank employees used to go to slums, n Eligible PMJDY account holders can avail
and open bank accounts for people. If today more overdraft facility of up to Rs 10,000;
than 52 crore Jan Dhan bank accounts have been n Direct Benefit Transfer (DBT) facility under
opened in the country, then the hard work of the government schemes can be availed in Jan
employees working in the bank is behind it. It is the Dhan accounts.
hard work of the bank employees due to which the
government was able to transfer more than Rs 30
thousand crore directly to the bank accounts of
crores of women during the biggest pandemic of
the century like the Corona period.
Today, out of more than 52 crore Jan Dhan
accounts in the country, more than 55 percent of the
accounts are in the name of women. The effect of
this financial inclusion can also be seen in sectors
like agriculture and fisheries. Today more than
7 crore farmers, fish farmers, and animal rearers
have Kisan Credit Cards. This has given a big boost
to the rural economy of the country. The field of
cooperatives has also got a big boost in the last
10 years. Co-operative banks play a very important
role in promoting cooperative movement. India's
UPI has become a platform with global recognition
today. More than 1,200 crore transactions are
taking place on it every month. In a decade, it has
entered a new banking system, a new economy, and
a new monetary transaction experience. But what The foundation of Jan Dhan has
has happened in the last 10 years is just a trailer. become the basis of a three-tier impact
The central government's thinking is to expand it The direction of the change that is coming in the
further in the next 10 years. The country has to country today, one way to measure it is the speed
move towards a cashless economy and strengthen of development and expansion of the economy.
strong efforts for financial inclusion. Jan Dhan bank It took almost 60 years for India to become a one
accounts have become a medium to break mental trillion-dollar economy. By the year 2014, India had
barriers among the poor and strengthen their pride somehow managed to reach two trillion dollars. That
and self-esteem again. is, an economy of 2 trillion dollars in seven decades,

18 New India Samachar August 16-31, 2024