Government Makes Jan Dhan Yojana Open-Ended Scheme, Doubles Overdraft Limit

New Delhi: The government on Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. Briefing reporters about the cabinet decision, Finance Minister Arun Jaitley said as the scheme has been a "runway success", the government has decided to make it an open-ended scheme, meaning that it will continue indefinitely. The PMJDY was launch...