Our government has made many efforts to bring the excluded under the fold of formal financial service. This drive is known as ‘Jan Dhan to Jan Suraksha’. There are currently three schemes under this drive. These are the Atal Pension Yojana (APY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and the Pradhan Mantri Suraksha Bima Yojana (PMSBY). The government is to add one more scheme to this catalog. It would most probably be named as ‘Uphaar Yojana’ or ‘Raksha Bandhan Yojana’.
Under the Rakhi Yojana plot, the Finance Ministry has proposed a fixed store (FD) plan to banks in which siblings can open a fixed store of in any event Rs 5,000 for their sisters. Rakhi yojana plan will be beaten up with certain complimentary gifts to draw in investors.
The administration will utilize the forthcoming Raksha Bandhan celebration to advance the rakhi yojana venture. Free life and mishap protection will be added to the plan to make it more well known among individuals.
‘Uphaar Yojana help advance the reason for Financial Inclusion and would help banks to get all the more ease stores. So far around 10 Crore, individuals have been secured under the Financial Inclusion plans. Regardless of whether individuals half of this number purchase the Rs. 5,000 stores at that point even an immense entirety of cash will stream into the financial division.
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