Since taking over the governance of the nation in 2014, the Bharatiya Janata Party has made several efforts towards the cause of Indian citizens, specially for those who belong to the lower economic strata. According to this scheme, around one crore bank accounts were to be opened on the first day of launch. Money saving scheme is very necessary to make an end level development in the India which can be started and achieved by making people living in the rural areas more couscous about their saving. India is a country that is still counted among developing countries due to the backwardness of people living in deceptive areas. Due to improper education, inequality, social discrimination and many social issues, the rate of people living below the poverty line in India is high.
Many programmes have been implemented to make this scheme successful. Around 60,000 enrollment camps has been set up in the rural areas to draw people’s mind, explain them about the processes and benefits of opening bank account as well as make them aware about the importance of bank accounts. However, still there is not much awareness of these beneficial government schemes in the country. It is very necessary to increase the awareness among people about the money saving habit so that they can be independent and grow some confidence to do something better in the future. Through the saved money they can help themselves in their bad days without the need of other. When each and every Indian people have their own bank account they can better understand the importance of money saving.
Pradhan Mantri Jan Dhan Yojana is a welfare scheme for all and it would prove to be a mile-stone in the progress of the country. It is also recognised by the Guinness Book of World Records for the most bank accounts opened in one day. PMJDY policy is also an astounding example in front of all developing economy in the global podium which would teach and inspire them to move in the same lines as well. PMJDY is fully operational in India. Today it has been beneficial for all and has encouraged saving habits among masses which will increase economic growth and reduce poverty.
(The views expressed by the author in the article are his/her own.)