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New Delhi: Central government’s flagship financial inclusion programme, Pradhan Mantri Jan Dhan Yojana completes seven years today. The scheme was launched on this day in 2014 with an aim to provide universal access to banking facilities to the people across the country. Under this scheme, bank accounts are being opened with minimal paperwork and zero balance.

Indigenous Debit cards are being issued for cash withdrawal and payment at merchant locations with free accident insurance coverage of two lakh rupees. Besides, other financial facilities including micro-insurance, overdraft for consumption and micro-pension are also being offered.

One of the biggest financial inclusion schemes in the world, the Pradhan Mantri Jan Dhan Yojna has made remarkable progress in providing banking and other financial services to the marginalized and



poor sections of the society. In the last seven years, it has not only helped the poor in bringing their savings into the formal financial system but also provided an avenue to remit money to their families in villages besides taking them out of the clutches of the usurious money lenders.

So far, over 43 crore four lakh bank accounts have been opened under the scheme and more than one lakh 46 thousand crore rupees balance are in the beneficiary accounts. Over 31 crore Rupay Debit Cards have been issued to beneficiaries. A large number of Pradhan Mantri Jan Dhan Yojana account holders are also receiving direct benefit transfer from the government under various welfare schemes. As financial inclusion is a national priority for the government, this scheme has proved to be one of the key enablers for inclusive growth.



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