Many types of schemes are being run by the government for the citizens of the country. The purpose of these schemes is to make people aware and to help them financially. One of these schemes is Pradhan Mantri Jan Dhan Yojana. The scheme was launched by the Central Government in 2014. The objective of the Pradhan Mantri Jan Dhan Yojana is to provide banking facilities to the poor people. Let’s know.
Under the Pradhan Mantri Jan Dhan Yojana, poor people can open their zero balance account in the bank and avail banking facilities. These bank accounts have been named Jan Dhan account. The special thing about the scheme is that in this scheme, a person does not need to maintain minimum balance in the account. Along with this, there is no charge for these accounts.
The biggest advantage of Jan Dhan account is that in this account you do not need to maintain minimum balance, it includes accidental death insurance and accident insurance of up to Rs 1 lakh for partial disability. The account holder is also provided a life insurance cover of Rs 30,000. The Jan Dhan Dhan Dhan also provides overdraft facility up to Rs 10,000 to the account holder. However, the account for this should be 6 months old. Interest is also received on the amount deposited in Jan Dhan account. This interest rate is 4 percent.
