...............But what might really motivate the poor to have a Jan Dhan Yojna account is what is called a RuPay debit card. Under the latter, a clean overdraft facility is to be extended to every account holder. Imagine the relief a poor villager would get should he be able to use this facility to meet his emergency needs. Informal money- lenders charge usurious interest rates and hold the borrowers to ransom. The important thing to note is that the interest rate to be charged for the overdraft facility would be even lower than that ..........
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