Re 1 saves the day for Jan Dhan Yojana, is the scheme really a hit?

| September 13, 2016

Re 1 saves the day for Jan Dhan Yojana, is the scheme really a hit?
One of Prime Minister Narendra Modi’s scheme managed to get more attention than other simply by the agenda for which it stood. Launched in August 2014, Jan Dhan Yojana aims at financial inclusion in the country by providing banking services to those who hadn’t enrolled for it till now. Run by Department of Financial Services, Ministry of Finance, on the inauguration day, 1.5 Crore (15 million) bank accounts were opened under this scheme and by June 206, over 22 crore bank accounts were opened and Rs 384.11 billion were deposited under it. However, a recent investigation by The Indian Express reveals, in what can be termed as a setback for this Yojana.

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