Pradhan Mantri Jan Dhan Yojana is India’s national mission for financial inclusion
It was launched by Prime Minister Modi on August 28, 2014
Over 1.5 crores accounts were opened under this scheme
Over 5.7 billion dollars were deposited under this scheme
The scheme was started with a target to provide ‘universal and clear access to banking facilities’
The scheme also includes overdraft facility of ₹5,000 (US$74)
RuPay Debit card with inbuilt accident insurance cover of ₹1 lakh (US$1,500)
RuPay Kisan Card.
Jan Dhan Yojana was widely appreciated by all
But can bank accounts assure financial inclusion?