Pradhan Mantri Jan Dhan Yojana

Prime Minister Narendra Modi has launched government's mega scheme 'Jan DhanYojana' with the aim of eradicating the financial untouchability by providing bank accounts to the poor.
On the inaugural day of the scheme itself. a record 1·5 crore bank accounts were opened across the country. The government has put the target to cover 7.5 crore people under the scheme by January 26, 2015. Five important features of the PM Jan Dhan Yojana are :
Under the scheme, account holders will be provided zerobalance bank account with RuPay debit card, in addition to accidental insurance cover of Rs.1 lakh.
Those who open accounts by January 26, 2015 over and above the Rs. 1 lakh accident, they will be given life insurance cover of Rs.30,000.
Six months of opening of the bank account, holders can avail Rs.5,000 loan from the bank.
With the introduction of new technology introduced by National Payments Corporation of India (NPCI), a person can transfer funds, check balance through a normal phone which was earlier limited only to smart phones so far.
Mobile banking for the poor would be available through National Unified USSD Platform (NUUP) for which all banks and mobile companies have come together.