India

PM Modi Celebrates 10 Years Of Pradhan Mantri Jan Dhan Yojana

Prime Minister Narendra Modi commemorated the 10th anniversary of the Pradhan Mantri Jan Dhan Yojana (PMJDY) on Wednesday, praising the scheme’s impact on enhancing financial stability across India.

In a statement posted on X, PM Modi expressed his congratulations, stating, “Today, we mark a momentous occasion— #10YearsOfJanDhan. Congratulations to all the beneficiaries and compliments to all those who worked to make this scheme a success. Jan Dhan Yojana has been paramount in boosting financial inclusion and giving dignity to crores of people, especially women, youth, and the marginalized communities.”

The Prime Minister emphasized the scheme’s role in advancing financial inclusion and restoring dignity to millions, particularly women, youth, and marginalized communities.

Since its inception, PMJDY has banked 53.13 crore individuals, amassing a total balance of Rs 2,31,235.97 crore across these accounts.

The scheme also employs 11.59 lakh Bank Mitras who provide essential branchless banking services nationwide.

In a celebratory post, the Government of India noted, “Today, India celebrates #10YearsOfJanDhan! Under PM @narendramodi’s visionary leadership, this game-changing initiative has redefined the financial landscape of #NewIndia, bringing millions into the fold of financial inclusion.”

Pradhan Mantri Jan Dhan Yojana

PMJDY, a National Mission on Financial Inclusion, aims to ensure that every household in India has access to banking services, financial literacy, and facilities like credit, insurance, and pensions.

A notable feature of the scheme is the provision of zero-balance bank accounts, a significant shift from previous norms.

Beneficiaries also receive a RuPay Debit card with an inbuilt accident insurance cover of Rs 1 lakh.

The initiative further supports the Direct Benefits Transfer (DBT) scheme, facilitating the transfer of government benefits directly into beneficiaries’ accounts.

Addressing technological hurdles such as connectivity and online transactions, the scheme plans to leverage mobile transactions through telecom operators and their networks as additional cash-out points.

Efforts are also underway to engage the youth in this Mission Mode Programme, aiming to expand its reach and efficacy.

Also Read: West Bengal Paralyzed By BJP’s 12-Hour Strike Amid Protests & Scuffles

Mankrit Kaur

Recent Posts

Flood Alert In PoK’s Muzaffarabad After Alleged Jhelum Water Release

A flood alert was issued across Muzaffarabad on Saturday after locals reported a sudden rise…

34 mins ago

Zelensky, Trump Hold Talks In Rome Ahead Of Pope’s Funeral; Discuss Ceasefire & Peace

US President Donald Trump and Ukrainian President Volodymyr Zelensky met in Rome on Saturday ahead…

1 hour ago

Pahalgam Terror Attack: Ishan Educational Institutions Organises Protest Against Terrorism

Ishan Educational Institutions, Greater Noida, today organised a peaceful protest march condemning the recent terror…

2 hours ago

Complete Ban On Drone Flights Over Noida International Airport ‘Red Zone’

Authorities have imposed a complete ban on the operation of drones and UAVs over and…

3 hours ago

Pak Army Chief Munir Revives Two-Nation Theory Amid Tensions With India

Pakistan Army Chief General Syed Asim Munir reignited controversy on Saturday by invoking the two-nation…

3 hours ago

Pope Francis Funeral: President Murmu & PM Modi Pay Final Tributes

Pope Francis, the first Latin American pontiff, was laid to rest in a humble ceremony…

4 hours ago