New Delhi, Aug 17 (IANS): The name of a scheme to financially empower the poor was selected through a contest on the MyGov website launched last month to facilitate good governance.

Prime Minister Narendra Modi announced the scheme on Independence Day.

A competition was held through the MyGov platform (http://mygov.nic.in) for suggesting the name, logo and tagline for the major initiative for financial inclusion named "Pradhan Mantri Jan Dhan Yojna", the platform said.

The final logo and tagline will be announced soon, it added.

The name was chosen after scrutinising 6,000 entries from all over the country.

Under the scheme, poor people will get bank accounts with debit cards along with an insurance cover of Rs.100,000 each.

"Glad to share that the name of financial inclusion scheme, 'Jan Dhan Yojana', was selected through a contest on MyGov," the prime minister tweeted.

"Congrats to all participants who have given their inputs and hope all of you keep sharing your inputs on 'MyGov' in the future too," he added.