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Modi launches Jan Dhan Yojana, record 15 mn bank accounts opened
Modi launches Jan Dhan Yojana, record 15 mn bank accounts opened
New Delhi, Aug 28 (TIWN / IANS) Prime Minister Narendra Modi Thursday launched the union government's flagship financial inclusion scheme "Pradhan Mantri Jan Dhan Yojana" (PMJDY), with the national rollout leading to the opening of an astounding 15 million bank accounts on a single day.Modi said the project, launched in a mission mode, aims at tackling poverty by ending "financial untouchability".Under the project announced by Modi during his Independence Day address, bank accounts and debit cards with an accident insurance cover of Rs.1 lakh will be provided to millions still without access to formal banking facilities."Never before would insurance companies have issued 1.5 crore (15 million) accident insurance policies in a single day. Never before in economic history would 1.5 crore bank accounts have been opened in a single day," Modi said.
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