PM JAN DHAN YOJANA
RELEVANCE :
GS 3 :
- Inclusive Growth And Issues Arising It .
CONTEXT :
- PM Jan Dhan Yojana (PMJDY) Has Completed Seven Years Of Its Implemention.
ACHIEVEMENTS :
- PMJDY Account Have Grown Tree-Fold From 14.72 Crore In Mar 15 To 43.04 Crore As On
- One In 2 Account Opened Between Mar 14 To Mar 20 Was A PMJDY Account
- 55% Jan-Dhan Account Holders Are Women And 67% Jan Dhan Account Are In Rural And Semi-Urban Areas .
- Out Of Total 43.04 Crore PMJDY Account 36.86 Crore (86%) Are Operative .
- The Jan Dhan Darshak App Is A Mesium To Identify Villages That Are Not Served By ….
- BANKING
- TOUCHPOINTS
- WITHIN
- 5 KM
- The Efforts Have Resulted In A Significant In The Number Of Such Villages .
ABOUT PMJDY :
- Pradhan Mantri Jan Dhan Yojana (PMJDY) Nation Mission For Financial Inclusion To Ensure Access To Financial Services, Namely, Banking/ Saving & Deposit Accounts, Remttance, Credit, Insurance, Pension In An Affordable Manner.
OBJECTIVES :
- To Ensure Access Of Financial Products & Services At An Affordable Cost.
- To Lower Cost & Widen Reach In The Countruy Thrugh Use Of Technology .
PARDHAN MANTRI JAN DHAN YOJNA BENEFITS :
BANKING THE UNBANKED :
- Opening Of Basic Savings Bank Deposit (BSBD) Account With Minimal Paperwork, Relaxed KYC, e-KYC, Account Opening In Camp Mode, Zero Balance & Zero Charges .
SECURING THE UNSECURED :
- Issuance Of Indigenous Debit Cards For Cash Withdrawals & Payments At Merchant Locations, With Free Accident Insurance Coverage Of Rs. 2 Lakhs.
FUNDING THE UNFUNDED :
- Other Financial Products Like Micro-Insurance, Overdraft For Consumption, Micro-Pension & Micro-Credit .
PILLARS :
- Initilly, The Scheme Was Launched Based Upon The Following 6 Pillars .
UNIVERSAL ACCESS TO BANKING SERVICES :
- Through Branch And Banking Correspondents (BC) .
BASIC SAVINGS BANK ACCOUNTS :
- With Overdraft Facility Of Rs. 10,000/- To Every Eligible Adult .
FINANCIAL LITERACY PROGRAM :
- Promoting Savings, Use Of ATMs, Getting Ready For Credit Availing Insurance And Pensions, Using Basic Mobile Phons For Banking,
- CREATION OF CREDIT GUARANTEE FUND :
- To Provide Banks Some Guarantee Against Defaults .
INSURANCE :
- Accident Cover-Up To Rs. 1,00,000 And Life Cover Of 30,000 On Account Opened Between …
PENSION SCHEME :
- For Unorganized Sector .
EXTENSION OF PM JAN DHAN YOJANA WITH NEW FEATURES :
- The Government Decided To Ewtend The Comprehensive PMJDY Program Beyond 28.8.2018 With Some Modifications .
- Focus Shifted Frome ‘Every Housedhold’ To Every Unbanked Adult’
RUPAY CARD INSURANCE :
- Free Accidental Insurance Cover On RuPay Cards Increased From Rs. 1 Lakh To Rs. 2 Lakhs For PMDY Account Opened After 28.8.2018
- Enhancement In Overdraft (OD) Facilities
OD LIMIT :
- Doubled From 5,000/- To Rs. 10,000/-
- OD Upto Rs 2,000/- (Without Conditions) .
AGE LIMIT :
- Increase In Upper Age Limit For OD From 60 To 65 Years .
- APPLY LINK : CLICK HERE
