Pradhan Mantri Jan Dhan Yojana (PMJDY)

Pradhan Mantri Jan Dhan Yojana is a scheme run in the interests of the people, which was started by Prime Minister Narendra Modi. 


Many people in India are taking advantage of this scheme. Under this scheme, bank accounts of these people were opened and the money received from government facilities was given directly to people’s accounts so that people could get the benefits received from the government directly.


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Under Pradhan Mantri Jan Dhan Yojana, lakhs of people across the country are taking advantage of government schemes by opening their free accounts. 


Under this scheme, when people started taking money directly into their accounts, it also reduced bribery and people started getting benefits very easily. Let us understand in detail about Pradhan Mantri Jan Dhan Yojana.


Pradhan Mantri Jan Dhan Yojana 


The Pradhan Mantri Jan Dhan Yojana is also known (as PMJDY). It is a financial inclusion program launched by the Indian Government in August 2014. There are a lot of points to be pointed out in this scheme. 


The objective of the scheme is to ensure comprehensive financial access to all households in India, especially those from low-income groups and unbanked sections of society. 


Aim of Pradhan Mantri Jan Dhan yojana


Under the Pradhan Mantri Jan Dhan Yojana launched by the Prime Minister, this scheme was started by the Prime Minister so that the beneficiaries can get online benefits, and apart from this, many types of activities can be done. 


Included under.


The main objective of this scheme is to provide financial inclusion to the people below the poverty line. 


Through this, poor and downtrodden communities get access to financial services and banking facilities. Due to this, efforts are made to reduce and increase their economic struggle.


Under the scheme, the facility of Bhima Suraksha is provided. This provides financial assistance to the family of the customers in case of untimely death. It is an attempt to keep their lives safe from adverse circumstances.


Along with promoting financial inclusion, Jan Dhan Yojana also provides credit facilities. It provides the facility of providing loans to customers, which can strengthen their business or industry.


The points of the PMJDY are as follows:

  • Opening of bank accounts: The scheme aims to provide every household in India with a bank account. It encourages individuals who do not have access to formal banking services to open a basic savings bank account with minimal documentation requirements.
  • Access to banking facilities: PMJDY ensures that account holders have access to various banking facilities such as deposit and withdrawal of money, remittances, and access to credit and insurance products.
  • No minimum balance requirement: The accounts opened under PMJDY do not have any minimum balance requirements, making it easier for low-income individuals to maintain their accounts.
  • Financial literacy and awareness: The scheme also focus on promoting financial literacy and awareness among account holders to encourage responsible banking practices and improve financial knowledge.
  • RuPay Debit Card: Each account opened under PMJDY is provided with a RuPay Debit Card, enabling account holders to make cashless transactions and withdrawals from ATMs.
  • Overdraft facility: Eligible account holders can avail of an overdraft facility of up to a specified amount, providing them with a means to meet their emergency credit needs.
  • Direct Benefit Transfers (DBT): PMJDY facilitates the transfer of various government subsidies, benefits, and welfare payments directly into the bank accounts of beneficiaries, thereby reducing leakages and ensuring efficient delivery of social welfare programs.


The Pradhan Mantri Jan Dhan Yojana has played a crucial role in expanding financial inclusion and empowering individuals across the country by providing them with access to formal banking services and promoting financial stability and economic growth.


Pradhan Mantri Jan Dhan Yojana is an important scheme launched by the Government of India to promote financial inclusion and extend business and banking facilities to all citizens for economic inclusion. The scheme aims to facilitate the people below the poverty line to deal with financial crises.


Pradhan Mantri Jan Dhan Yojana Benefits:


  • 1. Account opening facility: Under this scheme, people below the poverty line are provided the facility to open a bank account without any interest or minimum share. It helps them to get a proper and safe account for financial resources.


  • 2. Insurance cover: Jan Dhan Yojana also provides the facility of insurance cover to the customers. This plan uses the sum assured to provide financial help to the family in case of the death of the subscriber.


  • 3. Facilities to non-account holders: Through the Pradhan Mantri Jan Dhan Yojana, people who do not open an account also get many bank facilities. These include bank intermediary cards (Bank Mitra), which allow these customers to withdraw and deposit cash, and the convenience of using the BHIM app to receive payments.


  • 4. Utility of Aadhaar Card: Aadhaar card is used to open an account under this scheme, which makes banking-related operations easier and faster using an Aadhaar card. It is an example of the latest technological utility which helps people to access banking services.


  • 5. Savings Scheme: Jan Dhan Yojana provides a savings scheme for authorized account holders. Under this, customers get interest amounts on regular deposits, which increases their savings and provides financial security.


  • 6. Digitalization: Where earlier people were not active online, after the introduction of Pradhan Mantri Jan Dhan Yojana, many people opened their accounts and got involved in online activities, which gave a boost to digitalization and today many people are taking advantage of this facility. Taking online so that all kinds of online processes are done easily in less time.




Since the beginning of Pradhan Mantri Jan Dhan Yojana, people have been using it continuously, many people are taking advantage of government facilities today by opening their accounts. 


Such facilities which earlier used to reach people through officials, in which many types of errors are possible. 


There used to be a possibility and at the same time there was a danger of corruption, but after the introduction of this scheme, now the benefits given by the Prime Minister are given directly to the poor people, and the amount received from the facilities given by the government directly to the poor people.

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