Jan Dhan Yojana Accounts with nill balance get Rs 10,000

Modi Government gave a shock to all citizens to announce the ban of Rs 500 and Rs 1000, and before forgetting this, it seems the Government has decided for another daring move. After demonetising Rs 1000 and Rs 500, the BJP Government in Central has decided to credit Rs. 10,000 into Pradhan Mantri Jan Dhan Yojana Accounts those with zero balance.

The government said that putting Rs 10,000 in nil Jan Dhan Yojana Account will be favorable for poor people in India and it may also be turned out to a sensation for the BJP Government. This move would be carried out before the crucial elections in UP, Punjab, and Goa.

According to the reports, there are nearly 25 crore Pradhan Mantri Jan Dhan Yojana accounts in our country, of which almost 5.8 crores are zero balance accounts. The latest decision took by Government is expected to cost the Government nearly Rs 58,000 crore.

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Is Money in Jan Dhan Yojana Accounts a Political Strategy?

Many people and opposition parties claimed that this is a political strategy of NDA Government for targeting coming elections. However, if this step was taken, it might be a game changer, and it will show the impact in the upcoming Assembly elections.

Ban of Currency Notes move has made its peal on BJP’s vote bank which mainly involves a businessman, merchants, and the middle-class people, etc. The Government has felt that the Demonetisation movie will show some effect on upcoming assembly elections and due to this, the Government is targeting poor and farmers with its new agenda.

A senior BJP leader said, “If one can want to win in elections, the support of poor people, the middle class is very essential. To win following general elections, one has to reach out to the poor and the farmers. The main agenda of Modi Government is “empowerment of poor.”

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Reports coming from Uttar Pradesh, Punjab, and few other states indicate that the demonetisation of big notes showed the impact on farmers and poor people. Especially farmers have no cash in hands to buy seeds ahead of the cropping season. The NDA Government aims depositing money in Jan Dhan Accounts will be useful for farmers, poor and middle class.