Hi friends, so today I am going to tell about PMJDY. So let's start it.
Before 2014, it was difficult to open a bank account for uneducated urban people and especially for rural people as bankers ask them for a lot of documents but they don’t even know it. But in 2014, PMJDY (Pradhan Mantri Jan Dhan Yojana) was launched to make it easy for rural and uneducated urban people. Jan Dhan Yojana is a government initiative taken by the Indian government to empower the rural section of the country financially. It was launched by Prime Minister Narendra Modi on 28th August 2014. The Jan Dhan Yojana will help in freeing India from all these issues to a great extent. The Jan Dhan Yojana was mainly launched to inspire people from the weaker sections of the society to open bank accounts. Under this scheme, approximately 15 million bank accounts were opened on the day of inauguration. The Jan Dhan Yojana scheme has been successful in providing some relief to these poverty-stricken areas. Education requires much of the money support, and the Jan Dhan Yojana helps people invest their money intelligently. This is a major problem of rural areas that the people waste the money due to lack of planning. It is often seen that the woman in the family works day and night to earn their livelihood, and the man forcefully spends all the money on alcohol or other drugs. Thus, the Jan Dhan Yojana dramatically helps them to keep the money safe in banks. The main aim was to engage them in making investments and save their hard-earned money for future use. It also aims to enable the poor sector of the society to save money in bank accounts. Kerala and Goa were the first states to provide at least one bank account to each family. This initiative is a great scheme which will help in making the citizens of our country aware of banking and other saving options. Another primary objective of the Jan Dhan Yojana is to make the rural population independent. Those people are very much dependent on cruel money lenders who have exploited them. The Jan Dhan Yojana saves the villagers from suffering of asking money lenders for loans. The crop insurances and other safety measures to save their money have protected them from such exploitation.
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