The PMs Jan Dhan Yojna has attained a great success with the opening of 5.29 crore new bank accounts. This is first time that such a huge number of accounts have been opened in a very short period of time and 1.78 crore RuPay cards have also been issued for the same. Of these 5.29 crore, 3.12 crore accounts are in Rural Area and 2.17 crore accounts are in urban area.
The benefit of Jan Dhan Yojna has been extended to existing account holders without opening their Bank Accounts. The scheme has been provided by PSU Banks as well as Private Banks like Axis Bank, HDFC Bank, ICICI Bank and IndusInd Bank. The banks have collected Rs 1500 crore till date, approx. Rs 500 per account, which is also a big achievement.
The most important thing is that the common man is benefitted directly from the scheme, without discrimination of caste and creed. Every needy man is getting the facility of overdraft, accidental cover and life insurance
FEATURES OF THE SCHEME
The main features of Jan Dhan Yojna includes Rs 5000 overdraft facility, RuPay Debit Card with in-built Rs 1 lakh accident insurance cover. Besides that account holders under the scheme will get life insurance cover of Rs. 30,000.