October 24, 2026 03:54 am (IST)
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Anantha Kumar launches Jan-Dhan Yojna in Bangalore
New Delhi, Aug 28 (IBNS): Launching the Pradhan Mantri Jan-Dhan Yojana (Financial inclusion) programme at a function in Bangalore on Thursday, Minister for Chemicals & Fertilizers Anantha Kumar said that after long experience, thinking, interaction and consultation the project of financial inclusion was evolved by the Indian government with an objective of bringing the entire financially excluded population to the main path of growth.
The government launched the initiative so that sustainable growth of the nation could take place and benefits of the development could reach up to the last mile, Kumar said.
He appealed to all the people of Karnataka to avail of the benefits of the programme and join hands to work for the development of the country.
Prime Minister Narendra Modi on Thursday launched his pet project for financial inclusion of the poor in India by unveiling a scheme that would ensure a bank account for every Indian household.
At the same function at Vigyan Bhavan here, he said an Indian card should have the power of a VISA card and be accepted in any part of the world, hinting the shape of things in the sector being planned by his government.
The bank account scheme is a pet project of the PM, titled "the Pradhan Mantri Jan Dhan Yojana" or People's Wealth scheme.
"Financial inclusion is our duty and we are doing our duty. All these efforts are for the poor and to become free from poverty ," said the PM adding that now the poor will also flaunt a debit card like a rich who uses it after an expensive food in a nice place.
"The poor are going get renewed strength to fight poverty," said the PM on the launching of Jan Dhan Yojana.
"When these bank accounts are opened, imagine the difference it will make in the lives of women. They will bless us," he said, adding that often a woman battling his husband who spends all on intoxication is at the wit's end to hide the money.
"If we want to get free from poverty we need to end financial untouchability," said Modi, adding "when a bank account is opened, its a step towards joining the economic mainstream."
"When banks were nationalised, what kind of dreams we people seeing. Yet, so many people are not linked to this even now," he said.
"This may be a record even in the banking sector. And the biggest strength is it will boost confidence of those sitting in Governments too," he said referring to the opening of 1.5 crore accounts a on the first day.
Union Finance Minister Arun Jaitley said 7.5 crore people will be covered by the scheme by January 25, 2015.
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