Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsPOVERTY2 Marks
Question
Write a note on Jan Dhan Yojna.
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Answer
Jan Dhan Yojana:
Through financial inclusion, to hit the root of poverty, an ambitious scheme Prime Minister Jan Dhan Yojana was introduced.
This scheme began on $28th$ August $2014$ and on the very first day of this scheme $1.5$ crore accounts were opened.
Till $8th$ January $2015$ the number increased to $12.58$ crores where investment of f $10,950$ crore was generated.
$(a)$ Objective:
$(i)$ To increase per capita banking service.
$(ii)$ To reduce regional inequalities
$(iii)$ The main purpose was to provide government help directly in their bank accounts.
$(b)$ Features and importance:
The main feature of this scheme is that the bank account is opened with zero balance.
After $5$ months of opening account, an overdraft of $Rs.5000$ is available.
Those who opened account before $26$ January, also benefited with a life insurance policy.
$(iv)$ Prime minister Ian Dhan Yojana hits directly on poverty by providing micro finance and banking facilities.
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