3. Jan Dhan Yojna
PradhanMantri Jan Dhan Yojna aims to provide basic banking accounts, banking facilities to every citizen of India and providing them with a debit card and inbuilt insurance. Bank Accounts opened under Jan Dhan Yojna are “Zero Balance” accounts, but if a cheque book is needed by the account holder, then minimum balance has to be maintained. By End of January 2015, banks had already opened 12.54 Crore accounts against a target of 7.5 Crore accounts, with 60% of these in rural areas. Under this scheme, financial literacy is also provided upto village level for better understanding of the banking process.