3. WHAT IS PMJDY?
PMJDY is a National Mission on Financial Inclusion
i.e., to ensure financial access to every citizen of
the country.
It is launched by Prime minister Narendra Modi on
28th August 2014.
Jan Dhan Yojana means ‘people money scheme’.
The slogan is “Mera khata bhagya vidhata” – my
bank account,the creator of good fortune.
4. AIM OF PMJDY
To bring the financially excluded people into
banking system.
To cover both rural and urban areas.
To rise the Indian economy
To decrease the corruption in India.
5. BENEFITS UNDER PMJDY SCHEME
Can be opened with zero balance.
Not required to maintain minimum balance.
Interest on deposit.
Accidental insurance coverage of Rs. 1 lakh
Life insurance cover of Rs.30,000/-
Easy transfer of money across India
6. Beneficiaries of Government Schemes will get
Direct Benefit Transfer in these accounts.
Access to Pension, insurance products.
Rupay debit card
Overdraft facility upto Rs.5000/- after usage of
account for 6 months.
7. HOW TO OPEN AN ACCOUNT?
Account in this scheme can be opened in any
authorized bank branch.
(Or)
A Bank Mitr outlet- specially designed for the
purpose of opening the accounts under this
scheme.
Any Indian citizen above the age of 10 is eligible to
open an account under this scheme.
8. DOCUMENTS REQUIRED
Any one of the following are required:
Aadhar card
Voter ID Card
Driving license
PAN card
Passport
NREGA ”
10. PHASE I (15TH AUG2014 – 14TH AUG 2015)
Universal access to banking facilities in all areas.
Providing Basic Banking Accounts and RuPay Debit
card which has inbuilt accident insurance cover of
Rs.1 lakh and overdraft facility.
Expansion of Direct Benefit Transfer(DBT) under
different government schemes.
Financial Literacy Programme.
11. PHASE II (15TH AUG 2015- 14TH AUG 2018)
Providing micro-insurance to the people.
Unorganized sector pension schemes like
swavalamban.
Creation of Credit Guarantee Fund for coverage of
defaults in A/Cs with overdraft limit up to Rs.
5,000/
12. IMPLEMENTING MECHANISM
Mission Head
[Finance Minister]
Steering Committee
[Secretary (FS)]
Mission Director
[Joint Secretary (FI) ]
State Level Implementation Committee
District Level Implementation Committee
Ministers of Communications,
Rural Development, Secretary
(FS), Secretary (RD), Secretary
(Telecom), Governor RBI,
Chairman IBA
13. PARTICIPANTS
NATIONALIZED BANKS
• SBI
• Bank of Baroda
• Bank of India
• Canara Bank
• IDBI
• Indian Bank
• PNB
• Union Bank of India
• Oriental Bank of
Commerce
PRIVATE BANKS
• Axis bank
• Federal bank
• HDFC bank
• ICICI bank
• Indus bank
• ING vysha bank
• Andhra bank
• Yes bank
• Kotak mahendra bank
• Karnataka bank
