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Attempt to End Financial Untouchability, Says Modi

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  • Attempt to End Financial Untouchability, Says Modi

    Prime Minister Narendra Modi has launched a massive scheme today to provide a bank account to every household to help those who are off the financial grid and vulnerable to black market money lenders.

    The PM said this was the beginning of the end to financial untouchability. The poor will get bank accounts and debit cards as the scheme would cover 7.5 crore people by January 26, 2015. Those covered will be provided zero-balance bank account with RuPay debit cards, life insurance cover of Rs 30,000, each besides an accidental insurance cover of Rs 1 lakh each. Later, the account holders will be provided an overdraft facility of up to Rs 5,000.
    Neha Rani
    Success doesn't come to u , U Go To It....
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