More benefits announced for Jan Dhan yojana bank accounts

The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. The flagship financial inclusion scheme was launched in August 2014 for a period of four years. Finance Minister Arun Jaitley, today briefing the media on today's Cabinet decisions, said over-draft limit for account holders has now been doubled to Rs 10,000. The free accident insurance cover for those opening Jan Dhan accounts after August 28 too has been doubled to Rs 2 lakhs.

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