Pradhan Mantri Jan Dhan Yojana

(PMJDY)

The objective of “Pradhan Mantri Jan Dhan Yojana (PMJDY)” is to ensure availability of basic savings bank account, need based credit, remittance facility, insurance and access to various financial services to the excluded classes that is weaker sections and low income. This deep penetration at affordable rates is possible only through effective use of technology. Includes an integrated approach to inclusive financial inclusion. The scheme envisages universal access to banking facilities with at least one basic banking account for every family, financial literacy, credit, insurance and pension facilities. Besides, the beneficiaries will get Rs.1 lakh in built accident insurance cover will get RuPay Debit Card. The scheme envisages delivery of all government benefits (from central/state/local bodies) to the beneficiary. Accounts and a push for the central government’s Direct Benefit Transfer (DBT) scheme

Scheme Details:

PMJDY Yojana  is a national mission for financial inclusion to ensure access to financial services i.e. basic savings and deposit accounts, remittances, credit, insurance, pensions in an affordable manner. Under the scheme, a Basic Savings Bank Deposit (BSBD) account can be opened at any bank branch or Business Representative (Bank Mitra) outlet by persons who do not have any other account.

Benefits under Pradhan Mantri Jan Dhan Yojana:

A basic savings bank account is opened for the unbanked.
There is no minimum balance requirement in accounts.
These accounts earn interest on deposits.
RuPay Debit Card is given to PMJDY account holder.
RuPay Card issued to PMJDY account holders Rs. 1 lakh (increased to Rs.2 lakh for new PMJDY accounts opened after 28.8.2018) accident insurance cover is available.
Overdraft (OD) facility of Rs. up to 10,000 is available to eligible account holders.

PMJDY accounts are eligible for Direct Benefit Transfer (DBT), Pradhan Mantri Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Micro Units Development and Refinance Agency Bank (MUDRA) Scheme.

According to the Pradhan Mantri Jan Dhan Yojana (PMJDY) website, a total of 48.70 crore people have opened accounts under the scheme and 32.96 crore RuPay debit cards have been issued till April 5, 2023.

Official Website click here

Who is eligible for  Pradhan Mantri Jan Dhan Yojana?

• • PMJDY account can be opened in any bank branch.
  • Applicants minor above 10 years of age can also open their Jan Dhan account under this scheme.
  • Identity card of the applicant
  • Passport size photo
  • Mobile number
  • Driving license
  • NREGA Job Card
  • Aadhar Card
  • Voter ID Card
  • Passport
  • Pancard

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