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The government is once again preparing to make changes in the Jan Dhan Yojana. It will directly benefit the common people. The plan of the government is to reach the banks at the doorsteps of the people. A road map has been prepared for this.
What is the government’s plan
According to the report of Economic Times, the government wants to provide door step facility to the people under Jan Dhan Yojana 3.0. Also, the government is trying to have a bank within 5 km. So that people do not have to run too much. Apart from this, the government is trying to expedite the approval of digital loans.
Benefits of Jan Dhan Yojana
- Jan Dhan account is opened free of cost and no minimum balance has to be maintained in it.
- Overdraft facility is available after 6 months. Overdraft limit of Rs 10,000
- Unconditional Overdraft facility up to Rs 2,000 is provided.
- RuPay Debit Card is provided to the Jan Dhan account opener, from which he can withdraw money from the account or make purchases
- Free accidental insurance cover on RuPay card for accounts opened after 28th August 2018.
- Accidental insurance cover is available up to Rs 2 lakh.
- Life cover up to Rs 30,000, which is available on the death of the beneficiary subject to fulfillment of eligibility conditions.
- Money transfer facility is provided across the country.
- The benefits of government schemes get directly into the account.
- Interest is earned on the amount deposited in the account.
- Free mobile banking facility is also provided with the account.
- It is easy to buy insurance, pension products through Jan Dhan account.
- If there is a Jan Dhan account, then the account will be opened for pension in schemes like PM Kisan and Shramyogi Maandhan.
