Narendra Modi had sent 7.25 lakh emails to bank officers informing them about the Jan Dhan Yojana scheme. This scheme was announced by him in his Independence Day address to the nation.
Statistics says that, around 10 crore people are not connected with banking system in India. To successfully launch this scheme many new branches will be opened which will in turn create new jobs.
This whole scheme is an attempt to remove poverty from India. Modi feels that Direct money transfer to bank accounts will be a tool to fight against corruption.