Pradhan Mantri Jan Dhan Yojana
| Pradhan Mantri Jan Dhan Yojana (PMJDY) | |
|---|---|
| प्रधानमंत्री जन-धन योजना | |
PM Modi launches the "Pradhan Mantri Jan Dhan Yojana"
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| Country | India |
| Prime Minister(s) | Narendra Modi |
| Ministry | Finance |
| Key people | Arun Jaitley |
| Launched | 28 August 2014 |
| Website | www |
| Status: Active | |
Pradhan Mantri Jan-Dhan Yojana (IPA: Pradhān Mantrī Jana Dhan Yōjanā) (Hindi: प्रधानमंत्री जन धन योजना, English: 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. This financial inclusion campaign was launched by the Prime Minister of India Narendra Modi on 28 August 2014 He had announced this scheme on his first Independence Day speech on 15 August 2014.
Run by Department of Financial Services, Ministry of Finance, on the inauguration day, 1.5 Crore (15 million) bank accounts were opened under this scheme. Guinness World Records Recognises the Achievements made under PMJDY, Guinness World Records Certificate says "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". By 1 February 2017, over 27 crore (270 million) bank accounts were opened and almost ₹665 billion (US$10 billion) were deposited under the scheme.
Pradhan Mantri Jan-Dhan Yojana statistics as on 22 March 2017 (All Figures in Crores)
In a run up to the formal launch of this scheme, the Prime Minister personally mailed to Chairmans of all PSU banks to gear up for the gigantic task of enrolling over 7.5 crore (75 million) households and to open their accounts. In this email he categorically declared that a bank account for each household was a "national priority".
The scheme has been started with a target to provide 'universal and clear access to banking facilities' starting with "Basic Banking Accounts" with overdraft facility of ₹5,000 (US$74) after six months and RuPay Debit card with inbuilt accident insurance cover of ₹1 lakh (US$1,500) and RuPay Kisan Card. In next phase, micro insurance & pension etc. will also be added.
Under the scheme:
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Wikipedia