Jan Dhan needed as bank nationalisation did not help poor: PM Modi
Varanasi: Prime Minister Narendra Modi today 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. About 7 crore bank accounts have been opened under Jan Dhan scheme so far. Seeking to underscore his government's pro-poor measures, the Prime Minister also said: “We have laid it down that no pensioner should get less than Rs 1,000 per month as pension. “As a result, many people did not even care to visit the post office and collect their pension as their entitlement used to be less than even the auto rickshaw fare.” Subscribers to the retirement fund EPFO will get a minimum of Rs 1,000 under Employees' Pension Scheme 1995 as the government formally launched the programme in September.
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