disuss the government politics in eradicating poverty
Answers
Explanation:
Ever since coming to power, the current government has come up with several programmes in order to ease the burden of poverty holding India back. The Pradhan Mantri Jan Dhan Yojana (PMJDY) is one such programme. It looks to provide economically-disadvantaged people access to different financial services such as a basic savings account, insurance, credit as and when needed, pension and remittances. People who invest in this scheme can earn interest on the amount deposited by them, and have accidental insurance cover amounting to Rs. 1 lakh. The programme does not have a minimum amount that has to be always maintained.
Ever since coming to power, the current government has come up with several programmes in order to ease the burden of poverty holding India back. The Pradhan Mantri Jan Dhan Yojana (PMJDY) is one such programme. It looks to provide economically-disadvantaged people access to different financial services such as a basic savings account, insurance, credit as and when needed, pension and remittances. People who invest in this scheme can earn interest on the amount deposited by them, and have accidental insurance cover amounting to Rs. 1 lakh. The programme does not have a minimum amount that has to be always maintained.The programme provides life insurance worth Rs. 30,000 and accountholders can avail overdraft facilities after six months. The maximum amount of overdraft in case of a single household is Rs. 5,000. The PMJDY also helps them get access to other insurance and pension-based financial products. The accountholders are also provided RuPay debit cards. The programme was launched on 8th April2015.
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