Government has opened the doors of its ambitious Jan Dhan Yojana to all bank account holders enabling even existing banked customers to get insurance and overdraft benefits available under the scheme.
The programme is Prime Minister Narendra Modi’s first blockbuster social upliftment scheme and is aimed at improving the lives of millions of India’s poor by bringing them into the financial mainstream. The scheme, launched on August 15, aims to bring 7.5 crore unbanked persons under the banking network by January 26, 2015.
?Department of Financial Services, Ministry of Finance, Government of India has issued instructions that in case people are already holding bank accounts, they need not open another bank account to avail of benefits under Pradhan Mantri Jan Dhan Yojana (PMJDY),? a finance ministry statement said.
?The existing account holders can submit an application to the concerned branch to enable them to get a RuPay Debit Card in order to avail of the benefits of insurance under PMJDY. Micro credit limit of Rs 5000 can also be extended in existing bank accounts on application depending on the satisfactory conduct of the account,? the statement added.
As on date 4.18 crore accounts have been opened under PMJDY.
