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1,84,68,000 bank accounts opened in more than 70,000 camps

Updated: Aug 30, 2014 03:53:19pm
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New Delhi, Aug 30 (KNN) As many as 1,84,68,000 bank accounts were opened in more than 70000 camps across the country under the scheme Pradhan Mantri Jan-Dhan Yojana (PMJDY) or National Mission on Financial Inclusion.

“Simultaneous launch functions were held in state capitals and districts through 79 Mega Camps in presence of the union ministers, state chief ministers, MPs/MLAs and other dignitaries. In all more than 70000 camps were held all over the country and 1,84,68,000 accounts were opened,” said an official release.

The ambitious programme on Financial Inclusion to cover about 7.5 crore unbanked households in the country was launched here by the Prime Minister Narendra Modi on August-28.

Banks across the country will hold such camps on a weekly basis, from 8 am to 8 pm on all Saturdays to achieve the target of covering unbanked households by January 26, 2015.

Under the scheme, a person from an unbanked household, opening an account will get a RuPay debit card with Rs 1 lakh accident insurance cover.

Beneficiaries, who already have a bank account, are also eligible to take benefits of accident insurance of Rs 1 lakh and life insurance of Rs 30,000 under this scheme by getting a RuPay card issued from their bank branch before 26th January, 2015, it said.

The prime minister also announced an additional Rs 30,000 life insurance cover for the accounts opened up to 26th January, 2015.

The modalities of the additional life cover are being worked out by the Department of Financial Services, it added. (KNN/ST)

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