Prime minister Narendra Modi on Friday said Jan Dhan Yojana was required to correct anomalies created by nationalisation of banks four decades ago as banking benefits did not reach the poor.
‘When banks were nationalised about 40 years ago, the government of those days said that these financial institutions were thriving on the money of the wealthy class and had nothing to offer to the poor. ‘Four decades have passed since then and when we came to power earlier this year, banks remained as inaccessible to the poor as ever,’ he said while addressing a meeting of BJP workers
here.
‘It is this anomaly that we have sought to correct through the Pradhan Mantri Jan Dhan Yojana. The scheme is enabling the poorest of the poor to have a bank account of his or her own. As a result of this scheme, today the number of bank accounts being opened every week is equal to the number of accounts that were opened in one year previously,’ he said.
‘When banks were nationalised about 40 years ago, the government of those days said that these financial institutions were thriving on the money of the wealthy class and had nothing to offer to the poor. ‘Four decades have passed since then and when we came to power earlier this year, banks remained as inaccessible to the poor as ever,’ he said while addressing a meeting of BJP workers
here.
‘It is this anomaly that we have sought to correct through the Pradhan Mantri Jan Dhan Yojana. The scheme is enabling the poorest of the poor to have a bank account of his or her own. As a result of this scheme, today the number of bank accounts being opened every week is equal to the number of accounts that were opened in one year previously,’ he said.