Important Points to know about Pradhan Mantri Jan Dhan Yojana (PMJDY)

Important Points to know about Pradhan Mantri Jan Dhan Yojana (PMJDY)
Important Points to know about Pradhan Mantri Jan Dhan Yojana (PMJDY):
Important points that we have to know about the Pradhan Mantri Jan Dhan Yojana (PMJDY) were given here, which will be more helpful for the candidates those who are preparing for the upcoming exams.


1). Pradhan Mantri Jan Dhan Yojana(PMJDY)is a nationwide scheme launched by Indian government in August 2015

2). This scheme was announced by Prime Minister Narendra Modi on his1st Independence Day speechon 15th August 2014

3). It is also known asPrime Minister’s People Money Scheme

4). This aims forFinancial Inclusion to ensure access to the following financial services
·        Banking
·        Savings& Deposit Accounts
·        Remittance
·        Credit
·        Insurance
·        Pension

5). Financial inclusion – it is the delivery of financial services at affordable costs to sections of disadvantaged and low – income segments of society

6). PMJDY is under the supervision ofDepartment of Financial Services, Ministry of Finance

7). 13 Crore bank accounts were opened under this scheme so far

8). Guinness World Records recognized the achievements of PMJDY for opening18,096,130 bank accounts in justone weekof the scheme by the Indian Banks

9). Under PMJDY individuals of both the rural or urban areas can get a bank account without depositing any amount

10). Indian citizens above the age of10 yearscan open the account withzero balance

11). Account can be opened in any bank orBusiness correspondent (Bank Mitr)

12). The account holders will be given aRuPay debit cardwhich can be used at all ATMs
13). Life Insurance under PMJDY
·        Account holders will be givenRs. 30000 worth insurance coverage
·        It also has accidental insurance coverage of overRs. 2,00,000

14). Loan Benefits under PMJDY
·        The account holder can take loan benefit of up toRs. 5000 from the bank after6-months from opening the account

15). PMJDY allows its account holders tocheck balanceandtransfer funds through normal cell phones which is more affordable to the general economy

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