Pradhan Mantri Jan Dhan Yojana is an ambitious scheme for comprehensive financial inclusion launched by the Prime Minister of India, Narendra Modi on 28 August 2014.He had announced this scheme on his first Independence Day speech on 15 August 2014.
On the inauguration day, 1.5 Crore (15 million) bank accounts were opened under Pradhan Mantri Jan Dhan Yojana  scheme. SBI had opened 11,300 camps for Pradhan Mantri Jan Dhan Yojana over 30 lakhs accounts were opened so far, which include 21.16 lakh accounts in rural areas and 8.8 lakh accounts in urban areas. On the contrast, even taking together all the major private sector banks, have opened just 5.8 lakh accounts.

Five Important Features of Pradhan Mantri Jan Dhan Yojana:

1. Under the scheme, account holders will be provided zero-balance bank account with RuPay debit card, in addition to accidental insurance cover of Rs. 1 lakh.
2. Those who open accounts by January 26, 2015, over and above the Rs1 lakh accident, they will be given life insurance cover
of Rs 30,000.
3. Six months of the opening of the bank account, holders can avail Rs 5,000 loan from the bank.
4. With the introduction of new technology introduced by National Payments Corporation of India (NPCI), a person can transfer
funds, check balance through a normal phone which was earlier limited only to smartphones so far.
5. Mobile banking for the poor would be available through National Unified USSD Platform (NUUP) for which all banks and
mobile companies have come together.
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