What is the significance of Jan Dhan Yojana in India and how has it evolved over the years
Discuss the origins of Jan Dhan Yojana and its transformation under different governments in India.
1. **Origins of Jan Dhan Yojana (JDY)**
- Launched in 2014 by the Modi government.
- Aimed to provide financial inclusion to all households.
- Targeted those without access to banking facilities.
- Under Modi government: Emphasized opening bank accounts and providing insurance and pension coverage.
- Under subsequent governments: Expanded to include overdraft facilities, RuPay debit cards, and digital payment options.
- Evolved into a tool for direct benefit transfers and financial empowerment.
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8 months ago