Jan Dhan Yojana a UPA-era scheme renamed by Modi govt: Chidambaram
The Hindu
Chidambaram credits past RBI governors for Jan Dhan Yojana success, Modi government renamed UPA-era scheme.
Senior Congress leader P. Chidambaram on Thursday (August 29, 2024) said the Jan Dhan Yojana was a UPA-era scheme that was "renamed" by the Modi government, and asserted that several million accounts were opened between 2005 and 2014.
The former Finance Minister's remarks came a day after the government marked the completion of 10 years of the Pradhan Mantri Jan Dhan Yojana with Prime Minister Narendra Modi hailing the scheme.
Mr. Chidambaram said the RBI governor who conceived of the idea was C. Rangarajan.
“In 2005, when the ‘No Frills Account’ or ‘Zero Balance Account’ was rolled out, the Governor was Dr. Y.V. Reddy,” he said.
"Dr Reddy was succeeded by Dr Subba Rao. All the past governors deserve credit for introducing the scheme. It was renamed as Basic Savings Bank Deposit Account (BSBDA) in 2012," he said in a statement.
“The UPA-era scheme was renamed as Jan Dhan Yojana by the Modi government,” Chidambaram said.
“Several million accounts were opened between 2005 and 2014,” he said.
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