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Jan Dhan - Inclusion or Fraud Facilitator?

Hailed as one that would lead to financial inclusion, Jan Dhan has become a device that facilitates fraud. 

Financial inclusion cannot come from allowing accounts to be opened in the name of the poor. It can only come from job creation and enabling poor to earn income with dignity, generate hope among the poor that their progeny would acquire learning and skills to come out of poverty. 

Here's a link to an article in 'Money Life' that describes a typical scam using Jan Dhan accounts.  

Refer Link

http://www.moneylife.in/article/voila-customers-could-withdraw-money-from-zero-balance-jan-dhan-accounts/48270.html

Voila! Customers could withdraw money from zero balance Jan Dhan accounts!

 

Moneylife is an online resource for news and opinions on personal finance, banking, finance and industry sectors from India.