New Delhi, Aug 12: In his last Independence-day speech before the upcoming 2019 Lok Sabha polls, Prime Minister Narendra Modi is likely to announce benefits for about 32 crores Jan Dhan account holders, to provide a boost to the government’s financial inclusion drive. Official sources said there could be a doubling of an overdraft facility to Rs 10,000 under the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders as part of the government’s effort to fund the unfunded.
Besides, the government may announce attractive micro insurance scheme on the occasion, the sources said. The free accident cover under the RuPay Cardholders could be increased from Rs 1 lakh.
The Phase II of PMJDY will come to an end on August 15 and the scheme would be due for a revamp with further goals, the sources said, adding that the Prime Minister’s Independence Day speech would be the best platform to make the announcement.
In the last four years, 32.25 crore PMJDY accounts have been opened with Rs 80,674.82 crore outstanding balance.
Earlier, PM Modi had invited ideas from citizens for his Independence Day speech, a practice he has followed for the past three years. “What are your thoughts and ideas for my 15th August speech? Share them with me on a specially created forum on the Narendra Modi App,” he had tweeted.
For the past three years, Modi has directly invited ideas and suggestions from people for his Independence Day speech. People can also share their ideas on the MyGov portal.
As per the report, PM Modi may touch upon issues such as internal security, terrorism, agriculture, key social legislative steps like the Triple Talaq Bill and the SC/ST Bill, as well as the contentious National Register of Citizens (NRC) of India.
In addition, the government may raise the pension limit under Atal Pension Yojana (APY), announced in 2015-16, to up to Rs 10,000 per month from the existing slab of up to Rs 5,000.
The APY was focussed on all citizens in the unorganised sector, who would join the National Pension System (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA) and who are not members of any statutory social security scheme.
Under the APY, the subscribers would receive the pension of Rs 1,000-5,000 per month at the age of 60 years, depending on their contributions.
(With PTI inputs)