Budget 2018: Govt to extend Modi's flagship PMJDY scheme, double overdraft
Head administrator Narendra Modi's
lead program, the Pradhan Mantri Jan-Dhan Yojana (PMJDY), which finished three
years in August a year ago and was credited by Finance Minister Arun Jaitley
for releasing the "Stick" - Jan Dhan, Aadhaar, Mobile - upset, is set
to get an expansion in Budget 2018, which is days away.
The budgetary consideration plan could
likewise purportedly observe the overdraft sum authorized under it serve as the
administration hopes to utilize it to advance business enterprise by giving
bank advances.
A senior government official told
money related every day The Economic Times that amid Budget 2018, a declaration
on PMJDY being broadened is normal.
The anonymous authority included that an
expansion in the overdraft sum under the plan could likewise be on the cards.
Expressing that the legislature was hoping to "expand upon" the plan,
the authority told the budgetary day by day that it was additionally going to
"package other monetary items" under PMJDY, which will see its second
stage end in August.
As of now, under PMJDY, one record,
ideally having a place with a lady, in each family unit can benefit of an
overdraft of Rs 5,000 once the record has been attractively worked for a half
year.
As indicated by the money related
every day, this sum could be multiplied to Rs 10,000 keeping in mind the end
goal to enable access to simple crisis stores. The previously mentioned
government official told the money related day by day that such a move was
"being talked about" and the overdraft sum could be "multiplied"
for those records that are "getting immediate advantage exchange through
at least one plans".

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