Over 77,000 camps were set up for simultaneously opening accounts, the prime minister said. "On 15th August, we declared the scheme, it has been implemented in 15 days and 1.5 crore people have been enrolled in a single day," he added.
The objective is to provide each of the estimated 75 million households in the country with a bank account and insurance policy.
A film on 'Financial Inclusion' was screened, the prime minister unveiled a logo and a Mission Document on financial inclusion. He also dedicated a mobile banking facility on basic mobile phones to the nation.
In fact, the overwhelming first-day success led Finance Minister Arun Jaitley, present on the occasion, to revise the earlier time-table for the Pradhan Mantri Jan Dhan Yojana. Phase-I, wherein 75 million account holders were to be enrolled by Aug 14, 2015, has been brought forward to Jan 26, 2015, Jaitley announced. The second phase, wherein an overdraft of Rs.5,000 will be provided to account holders will now commence from Republic Day, Jan 26, 2015. "This whole exercise is aimed at lifting the poort out of the poverty line. After today's breakthrough momentum, I don't think it (Jan Dhan Yojana) will stop," Modi said.