Page 13 - NIS English 16-31 Aug, 2026
P. 13
Years
Jan Dhan Yojana
Cover
Story
PMJDY
Account I appreciate the tireless
Features And efforts of all those who
Free Facilities have worked to make PM
Jan Dhan a success. Their
efforts have ensured a
PMJDY accounts are Basic better quality of life for
Savings Bank Deposit Accounts Indians.
(BSBDA). There are no
restrictions on the balance Narendra Modi, Prime Minister
amount or transaction value for
fully KYC-compliant PMJDY
accounts.
Cash deposits at bank branches
as well as at ATMs/CDMs. was: “What would a poor person do with a bank
account?” For 68 years after independence, 68
percent of the population remained outside the
Receipt/credit of funds via any banking system. Even after the nationalization of
electronic mode or through banks in 1969, the situation persisted until 2014,
the deposit/collection of with over 500 million poor people in the country
cheques issued by central/state lacking even a basic bank account. This segment of
governments. society never dared to approach a bank; for them,
owning a bank account was seen as a privilege
reserved for the wealthy. However, after August
No limit on the amount or value 2014, when banks stepped to their doorsteps, a
of deposits made in a month. sense of trust and self-respect was ignited, and a
new aspiration took root in their minds. Today, they
At least four free withdrawals proudly pull a RuPay card from their pockets. There
are allowed per month, including was a time when a RuPay card (debit card) was con-
withdrawals from any ATM sidered a status symbol for the rich, but the central
(including metro ATMs). government changed that mindset through Jan-
Dhan accounts. The seed of Jan-Dhan has grown
into a massive banyan tree, bearing a multitude
Free RuPay debit card with of such fruits.
embedded THE FOUNDATION OF
accident JAN DHAN LAYING THE
insurance GROUNDWORK FOR A FIVE-
coverage of FOLD IMPACT
₹2 lakh. Today, the Jan Dhan Yojana en-
compasses over 58 crore bank
accounts. This scheme has
Aug 16-31, 2026 || NEW INDIA SAMACHAR 11
