Banks to deposit ₹500 in Jan Dhan accounts of women from today

Banks to deposit ₹500 in Jan Dhan accounts of women from today

Rs 500 will be deposited in the accounts held by women, under the Pradhan Mantri Garib Kalyan Yojana

As on of the mitigation plans by the Centre to reduce the impact of the lockdown on daily wage working women, banks will start cash transfers to women Jan Dhan account holders from April 3.

Rs 500 will be deposited in the accounts held by women, under the Pradhan Mantri Garib Kalyan Yojana, the Indian Banks' Association said in a statement. This will be the first of three monthly remittances

On March 26, the government had announced a Rs 1.7-lakh-crore economic relief package to help citizens affected by the 21-day lockdown imposed to combat the coronavirus pandemic. The Finance Minister had said that around 20 crore women Jan Dhan account holders would benefit through the monthly cash transfers. As of March 25, there were 20.51 crore women beneficiaries under the Jan Dhan scheme.

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