Jan-Dhan Yojana is a national mission to connect every Indian (especially weaker sections and low income groups people) to various financial services (such as saving bank account, need based credit, remittances facility, insurance and pension) using advance technology. Jan Dhan Yojana is also known as Pradhan Mantri Jan Dhan Yojana as it was run by the Indian Prime Minister, Narendra Modi as a People Money Scheme to add each and every people of India to the bank account and savings.
Long and Short Essay on Jan Dhan Yojana in English
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Jan Dhan Yojana Essay 1 (100 words)
Jan Dhan Yojana is a scheme launched by the Prime Minister of India, Narendra Modi on 28th of August in 2014 to attach each and every Indian citizen to the bank account for the purpose of saving money safely. He had announced about the scheme on 15th of August in 2014 while addressing the nation at Red Fort however launched two weeks later.
According to this scheme, around one crore bank accounts were to be opened on the first day of launch. Money saving scheme is very necessary to make an end level development in the India which can be started and achieved by making people living in the rural areas more couscous about their saving.
Jan Dhan Yojana Essay 2 (150 words)
Jan Dhan Yojana is an account opening and money saving scheme especially made by the Indian Prime Minister, Narendra Modi for the poor people of India to connect them to the bank account and give all the benefits of the opening account. This scheme was launched by the PM on 28th of August two weeks later to the Indian Independence Day. This account opening and money saving scheme was launched as a national challenge to bring each and every Indian citizen to the bank and connect to its benefits.
Many programmes have been implemented to make this scheme a successful scheme. Around 60,000 enrolment camps has been set up in the rural areas to draw people’s mind, explain them about the processes and benefits of opening bank account as well as make them aware about the importance of bank accounts.
Jan Dhan Yojana Essay 3 (200 words)
Jan Dhan Yojana is a people money saving scheme launched by the Indian Prime Minister, Narendra Modi 28th of August 2014. It is so called as the Pradhan Mantri Jan-Dhan Yojana which is actually a People’s Wealth Scheme to make some opportunity for common Indian people living in the rural areas. This scheme was launched by the prime minister to enable poor people to money saving.
To make India an independent India in real mean is to make its living people independent. India is a country which is still counted as the developing country because of the backwards conditions of the people living in the rural areas. The rate of people living under the poverty line is high in India because of the improper education, inequality, social discrimination and many more social issues.
It is very necessary to increase the awareness among people about the money saving habit so that they can be independent and grow some confidence to do something better in the future. Through the saved money they can help themselves in their bad days without the need of other. When each and every Indian people have their own bank account they can better understand the importance of money saving.
Jan Dhan Yojana Essay 4 (250 words)
On 15th August 2014, Independence Day, the Indian Prime-Minister, Mr. Narender Modi had expressed his view in his inaugural speech from the Red Fort on the upliftment of poor. He told that a bank account is essential for their prosperity. Jan Dhan Yojana is the people’s money savings scheme launched by Indian Prime Minister Narendra Modi on 28 August 2014. It is also called the Pradhan Mantri Jan Dhan Yojana, which is actually a scheme for the people to create some opportunities for the common Indian people living in rural areas.
It is very important to increase awareness among the people about the habit of saving money, so that they are free to do something better in future and will gain some confidence in them. With the help of saved money, they can help themselves in days of crisis. When every Indian person will have his/her own bank account, then s/he will be able to understand the importance of saving money better.
This scheme launched by the Prime Minister enables poor people to save money. Making people living here independent is truly a free India. India is a country that is still counted among developing countries due to the backwardness of people living in deceptive areas. Due to improper education, inequality, social discrimination and many social issues, the rate of people living below the poverty line in India is high.
Many programs have been implemented to make this scheme a successful plan. About 60 thousand enrollment camps were organized in rural areas to make them aware about the importance of bank accounts, as well as to explain them about the benefits and procedure of opening a bank account and to draw the minds of people towards it.
Jan Dhan Yojana Essay 5 (300 words)
Since coming to power, the Modi government has made many reforms to strengthen the economic condition of the country and for the development of the country. Keeping in mind the condition of the poor, the government announced on 15 August 2014 that all families must have an account in the bank to connect them to the bank and it was implemented on 24 August 2014. Under this scheme, people’s accounts are opened with insurance up to one lakh.
The scheme was started to provide bank facilities to the villagers, to instill confidence in them and to create awareness about banks. Villagers are deprived of the facilities provided by the government as all the facilities were limited to the cities. This is the first scheme that will benefit both the village and the city.
Rules for Opening Accounts under Pradhan Mantri Jan Dhan Yojana
One must be a citizen of India. If a person does not have proof of being a citizen of India, yet an account can be opened through certain processes. The account of children of ten years old can also be opened. One can get her/his ordinary account transferred to Pradhan Mantri Jan Dhan account.
Benefits of Pradhan Mantri Jan Dhan Yojana
Under this, people’s accounts are opened and insurance of one lakh is also provided. After 6 months of opening the account, people can take up to Rs. 5000 as advance so that they can avoid high rate of interest of moneylenders. People have also been given a rupay card which they can use as A.T.M. cards.
Pradhan Mantri Jan Dhan Yojana is a welfare scheme for all and it would prove to be a mile-stone in the progress of the country. If the bank works smoothly then the economy of the people and the country will improve.
Jan Dhan Yojana Essay 6 (400 words)
With a view to providing banking facilities to maximum population of the country, the Government of India has launched Pradhan Mantri Jan Dhan Yojana. The scheme was inaugurated by Prime Minister Narendra Modi on 28 August 2014. Under this scheme any Indian adult citizen can open an account in nationalize banks with zero balance and very few documents.
Benefits of Pradhan Mantri Jan Dhan Yojana
The Pradhan Mantri Jan Dhan Yojana account actually falls under the category of Basic Savings Bank Deposit Account. The rules are very simple in terms of keeping balance and documents in such accounts, but there are also some restrictions in terms of money transactions and other facilities.
The Main Features of Pradhan Mantri Jan Dhan Account are as follows-
The account can be opened with zero balance.
No minimum deposit or balance is mandatory.
4 percent interest rate on deposits.
ATM Card facility is provided.
Rupay Debit Card facility for the account holders is also bestowed.
Mobile Banking & SMS alert are available.
Facility for sending and ordering money anywhere in the country.
Accident Insurance cover up to one lakh rupees.
Life insurance of 30 thousand rupees.
Benefit of Subsidies, Pension, Insurance etc.
Overdraft facility up to Rs 5000.
Limitations of PM Jan Dhan Account
Fees for withdrawing money more than 4 times: One can withdraw money at most 4 times in a month including ATM transactions. The bank will charge a fee Rs 10 per withdrawal for withdrawing money more than this. However, there is no such restriction or limit in relation to depositing money.
Restriction of maximum balance: The total deposits in such accounts during a year cannot exceed Rs 1 lakh and the balance cannot be kept more than Rs 50 thousand at any one time.
Maximum transaction reimbursement: Total withdrawal in a month cannot exceed Rs. 10 thousand.
No check draft facility on zero account: Basically no minimum balance is required to maintain Jan-Dhan account, but if you want to get the facility of check or draft, then it is necessary to keep the necessary bank balance as well.
Pradhan Mantri Jan Dhan Yojana was launched as a national challenge to open an account and a money saving scheme to bring every Indian citizen into the bank and link it to its benefits. Many programs have been implemented to make this scheme a successful plan. Near about 60,000 enrollment camps have been set up to attract the minds of people in rural areas, informing them about the procedures and benefits of opening their bank accounts, as well as making them aware of the importance of bank accounts.
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