The
scheme, about which Modi made the announcement in his Independence Day
speech, was launched across the country simultaneously amid his emphasis
that it lies at the core of "our development philosophy of 'Sabka Sath
Sabka Vikas'". '1.5 crore bank accounts will be opened on first day of Jan Dhan Yojana'
Jan Dhan Yojana, a dream project to open at least one bank account to every household. Noting
that 10 crore people do not have bank account, the Finance Minister
aims to cover 7.5 crore people under Jan Dhan Yojana by January 25,
2015. As
a first step, under the scheme, every account holder will get a 'RuPay'
debit card with Rs 30,000 life insurance besides accidental insurance
of up to Rs 1 lakh.
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