Centre expects Rs 32,000 crores boost

Centre expects Rs 32,000 crores boost

The Centre has recently taken a decision that has come as a good news to all Jan Dhan account holders.  It has allowed the Jan Dhan account holders to avail overdraft facility for Rs 2,000.  This comes with no new conditions attached.  This step will provide a Rs 32,000 Cr economic boost, the finance ministry has said.

The government expects vegetable sellers, etc to use this facility.  This is a populist scheme in an election year.  

"Pradhan Mantri Jan Dhan Yojana have been one of the largest financial inclusion initiatives in the world. In the last four years this Yojana has changed lives of millions of Indians. The #PMJDY is a unique effort of NDA govt. to bring a positive change in the society," FM Arun Jaitley recently said.