Pradhan Mantri Jan Dan Yojana Essay

Jan Dan Yojana Essay – Hello Students today we are going to learn about Pradhan Mantri Jan Dan Yojana essay for all classes. The essay was asked in SSC exam and in 6, 7, 8, 9, 10, 11 and 12 class. Sometime you may get a question like “essay on Jan Dan Yojana” and “essay on Pradhan Mantri Jan Dan Yojana”.

Jan Dan Yojana Essay

Pradhan Mantri Jan Dan Yojana Essay

Pradhan Mantri Jan Dan Yojana is an ambitious National mission for financial inclusion to ensure access to Financial Services like Bank savings and deposit accounts, need the best credit, remittance facility, insurance and pension to weaker sections and low-income group. This mission was launched by our horrible Prime Minister Narendra Modi with slogan Mera Khata Bhagya Vidhata on 28 August 2014.

Three levels monitoring committee that is central, state and district level has been set up under the guidance of Finance ministry and grievance redressal in respective States for the query regarding this mission.

Various benefits such as no minimum balance required to open an account, interest on the deposit, accidental Insurance of 100000, life cover of rupees 30000, overdraft facility up to 50000 and easy transfer of money through mobile phone across India. As a result on the inauguration day, the PM said on this occasion let us celebrate today as the day of financial freedom. The unique features of this scheme are that it works in both rural and urban areas and also helps in decreasing corruption in government subsidy scheme. Till now 31.60 crore beneficiary Bank so far and rupees 8120 3.59 crore balanced in beneficiary account.

Major challenges faced by this scheme our Telecom connectivity, keeping the accounts “live”, extra pressure on the banking system and less awareness among the people. For effective implementation of Jan Dhan Yojana public sector banks and Indian Post, Bank can be placed into action as well as more centres of financial literacy may be established to bring excluded people under financial inclusion.

PMDY is not only a scheme, but it also has the ability to do something different in the Indian empowerment history for better India.

Pradhan Mantri Jan Dan Yojana Essay

Pradhan Mantri Jan Dhan Yojana is a national campaign on financial inclusion in India, aimed at providing banking facilities to all households across the country. This plan was launched by Hon’ble Prime Minister Mr. Narendra Modi on August 28, 2014. It is a proof of the success of this scheme that 1.5 Crore bank accounts were opened across the country on the day of inauguration of the scheme.

In the Pradhan Mantri Jan Dhan Yojana, linking the poor population to the banking sector and giving benefits of savings, so far, many facilities have been provided to account holders, such as Zero Balance Account, Overdraft facility, Accidental insurance cover, RuPay Debit Card, Rupay kisan card etc.

This scheme will benefit the economy of the country as well as the common citizens. After becoming a bank account holder, there will be a trend of saving among the people, and their savings will be included in the mainstream of the country’s economy through the bank.

Pradhan Mantri Jan Dhan Yojana has proved to be very useful in curbing corruption in the country as the success of the Direct Benefit Transfer scheme depends on the fact that more and more people have a bank account. Through this the leakage in the subsidy has been stopped and the public has got full benefits.

Even after 70 years of country’s independence, most of the population of the country has been away from the banking sector. In such a way, connecting a large part of that population with banking, that too, indicates the success of this scheme. This is a big plan; there are many direct and indirect benefits of this. The benefits of this scheme are being seen today and it is expected that further benefits will be seen in the future ahead.

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