Pradhan Mantri Jan-Dhan Yojanaप्रधानमंत्री जन-धन योजना

Pradhan Mantri Jan-Dhan Yojana or Prime Minister's People Money Scheme) (PMJDY) is India's National Mission for Financial Inclusion. 

To ensure access to financial services, namely Banking Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. 

Key points of the scheme: 

1. Account holders will be provided bank accounts with no minimum balance.

2. RuPay debit cards will be issued.

3. Accidental insurance cover of ₹1 lakh (US$1,500).

4. After six months of opening of the bank account, holders will be eligible for ₹5,000 (US$74) overdraft from the bank.

5. With the introduction of new technology introduced by National Payments Corporation of India (NPCI), a person can transfer funds, check balance through a normal phone which was earlier limited only to smart phones.

6. Mobile banking for the poor would be available through National Unified USSD Platform (NUUP) for which all banks and mobile companies have come together.

Life Insurance under PMJDY
1. Account holders will be given Rs. 30000 worth insurance coverage. 

2. It also has accidental insurance coverage of over Rs. 2,00,000. 

Launch date: 28 August 2014

Run by: Department of Financial Services and Ministry of Finance. 

Guinness World Records: The most bank accounts opened in 1 week as a part of financial inclusion campaign is 18,096,130 and was achieved by Banks in India from 23 to 29 August 2014.

Who can open Jan Dhan account?
An individual who holds an Indian nationality is eligible to open an account under this scheme. A minor who is above 10 years of age is eligible to open the account in any bank under this scheme.

The net balance in the accounts as of March 29, 2017: Rs 62,972.42 crore.

Key point: PMJDY accounts recorded a high of Rs 74,610 crore on December 7, but started declining afterwards.

Questions asked on PMJDY in various exams?

1) What is the meaning of PMJDY?
Prime Minister Scheme for People's Wealth

2) Its aim?
Ambitious scheme for comprehensive financial inclusion by providing bank accounts to every households in India.

3) When was Pradhan Mantri Jan Dhan Yojana was launched?
28 August 2014

4) How many bank accounts were opened on a single day through financial camps set up in 77,000 locations under Jan Dhan Yojana on 28 August 2014?
1.5 crore

5) When can people open account under PMJDY?
People can open zero balance accounts either in public or private banks under PMJDY.

7) Which kind of debit card are issued under PMJDY?
RuPay debit card

8) The premium on accident insurance under PMJDY is borne by?
National Payments Corporation of India

प्रधानमंत्री जन धन योजना (संक्षेप में - पीएमजेडीवाई) भारत में वित्तीय समावेशन पर राष्‍ट्रीय मिशन है.

उद्देश्‍य: देश भर में सभी परिवारों को बैंकिंग सुविधाएं मुहैया कराना और हर परिवार का बैंक खाता खोलना है।

शुभारंभ: 28, अगस्त 2014 को भारतीय प्रधानमंत्री श्री नरेंद्र मोदी ने किया. 

प्रधानमंत्री जन धन योजना के लाभ

1. ओवर ड्राफ्ट खातों में चूक कवर करने के लिए क्रेडिट गारंटी फंड की स्थापना।

2. सूक्ष्म बीमाp>

3. स्वावलम्बन जैसी असंगठित क्षेत्र बीमा योजना।

4. 6 महीने बाद रुपये 5000 की ओवरड्राफ्ट सुविधा के साथ बुनियादी बैंक खाते और एक लाख रुपये के अंतर्निहित दुर्घटना बीमा कवर के साथ रुपया डेबिट कार्ड और रुपया किसान कार्ड सुविधा प्रदान करना।

5. वित्तीय साक्षरता कार्यक्रम