Now, Jan Dhan targets credit, pension services



 In a move to enhance the reach for his pet programme, Jan Dhan Yojana, the Prime Minister Narendra Modi has sent an email to all bankers to gear up for the next phase of the Pradhan Mantri Jan Dhan Yojana that will focus on credit, insurance and pension services.Modi has also asked bankers to ensure that all “Jan Dhan” bank accounts are linked to “Aadhaar” or unique identification numbers allotted to people. “We need to redouble efforts on financial literacy. Aadhaar seeding needs to improve further. Bank Mitras need to be enabled to carry out RuPay card and Aadhaar enabled transactions in the villages,” he said.Modi said: “I want you to work to ensure that each account holder enrols for Aadhaar and seeds it in the bank account. This needs to be done for all accounts.

 I am sure you will do this seeding with the same zeal you showed in implementing the bank account opening drive.”However, he congratulating bankers for extending services and felt the need to build on this success and leverage these accounts by offering other range of services like credit, insurance and pension. He felt, this would be the next phase of Jan Dhan Yojana. The scheme, launched after Modi’s Independence Day address in August last year, has surpassed the target of 10 crore bank accounts by opening 11.5 crore accounts till date.

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