Modi May Announce Benefits To Jan Dhan Account Holders On I-Day


New Delhi: According to official sources, Prime Minister Narendra Modi is likely to announce benefits for about 32 crore Jan Dhan account holders in his Independence
Day speech.

A doubling of the overdraft facility to Rs. 10,000 under the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders could be done. An attractive micro insurance scheme can also be announced. The free accident cover under the RuPay Card holders might be increased from Rs 1 lakh.

According to sources, the phase II of PMJDY gets expired on August 15 and hence an announcement is expected. PMJDY was a flagship financial inclusion drive which was launched in August 2014. The first phase ended on August 14, 2015, which was focussed on opening basic bank accounts and RuPay debit card.

The pension limit under Atal Pension Yojana (APY) can also be raised up to Rs
10,000 per month from the existing slab of up to Rs. 5,000.