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Modi launches Jan Dhan Yojna scheme, 1.5 crore A/C opened on first day

India TV News Desk 28 Aug 2014, 21:10:40 PM IST
India TV News Desk
New Delhi: Prime Minister Narendra Modi has launched Jan Dhan Yojana, a mega financial inclusion plan under which bank accounts and RuPay debit cards with inbuilt insurance cover of Rs 1 lakh will be provided to crores of persons with no access to formal banking facilities.

As many as 1 crore bank accounts are opened on the first day of the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY).

Besides the main launch in the capital, 76 other functions are also organized at different places to mark the occasion. The functions held at state capitals and major district headquarters is attended by Union Ministers and state Chief Ministers.

The Prime Minister had already sent 7.25 lakh emails to bank officers informing them about the financial inclusion scheme PMJDY, which he had announced in his Independence Day address to the nation.

Public sector banks, according to an official release, have organized more than 60,000 camps in rural and urban areas on the launch day.

The scheme seeks to provide two accounts to 7.5 crore identified households by August 2018. On the occasion of the launch, Prime Minister also visited an exhibition on Technology and Financial Literacy, which was organized in the capital.

A film on 'Financial Inclusion' was also screened and the Prime Minister unveiled a Logo and a Mission Document on Financial Inclusion. He also dedicated the mobile banking facility on the basic mobile phone (USSD) to the nation.

Finance Minister Arun Jaitley, Minister of State for Finance Nirmala Sitharaman, RBI Governor Raghuram Rajan and other senior officials had attended the mega function.