Skip to main content

Pradhan Mantri Jan Dhan Yojana

Pradhan Mantri Jan Dhan Yojana

The State Bank of India (SBI) has recently published a report. This report states that  due to Covid 19, there has been a 60% increase in opening of new Jan Dhan accounts during the epidemic.

Important Key Points:

There has been an increase in the use of Jan Dhan accounts in the last few months, especially in those areas where there are more incidensts of theft.

Jan-Dhan accounts were also used extensively for remittances sent by migrant labourers.

What is Pradhan Mantri Jan Dhan Yojana?

PMJDY is a national misssion for the financial inclusion which aims to provide financial facilities to all the  indians. To eliminate poverty from the country Pradhan Mantri Jan Dhan Yojana was announced on 15 August 2014 and started form 28 august. This scheme plays an important an important role the financial inclusion in the country. This is the world's largest financial inclusion scheme.

Benifits of Pradhan Mantri Jan Dhan Yojana

People will directly get the benifits of schemes in their bank account.
Beneficiaries will also get interest on their savings in the jan dhan account.
Government also provides accidental insurance of rs1 lac to all the account holders.
No minimum balance is required to open this account. i.e. its a zero balance account.
Free Rupay card is given to the account holder which can be used at any ATM without any annual maintance charge.
A life insurance of Rs 30000 is also provided with the account.
The money can be transferred in any part of the country.
In every family a woman will get overdraft facility to withdraw rs5000.
This scheme will help the small businesses to grow.
Subsidies will be directly trasferred to the account of beneficiary.

Features of Pradhan Mantri Jan Dhan Yojana

Free insurance
Zero balance account.
Direct benifit transfer
Overdraft facility.
Rupay debit card

How to apply for  Jan Dhan Account

PMJDY account can be opened in any nationalised bank in india.
If an applicant face any problem the toll free number is 1800110001

Important facats about Pradhan Mantri Jan Dhan Yojana:

This scheme was implemented in August 2014.
The mains objective of this scheme is Financial inclusion (expansion of banking services to every category).
According to the latest figures, the total number of Jan Dhan accounts as on 14 October 2020 is 41.05 crore.
This scheme registered a gunuess world record for opening highest number of bank accounts in a week (opened 18096130 accounts in a week between 23 to 29 august).


Popular posts from this blog

Current position of money market in Madhya Pradesh.

Money Market in Madhya Pradesh What is Money Market? The money market is a place where short term tenure obligations such as treasury bills, commercial paper / paper and bankers' approvals etc. are bought and sold. In finance, the currency market refers to the global financial market for borrowing and lending short-term debt. It provides short term cash / liquidity funding for the global financial system.  The money market consists of financial institutions and money or credit dealers, who either undertake borrowing or lending. Participants borrow or lend for a short period, usually up to thirteen months. Money market trading of short-term financial instruments is commonly called "paper". This is in contrast to the relatively long-term capital capital market, which is supplied by bonds and shares. There are banks in the money market and origin, which borrow and lend to each other using commercial paper, repurchase agreements and similar instruments. In fact, the money mar

What is 'Sanjha Chulha Yojna' of Madhya Pradesh?

Sanjha chulha Yojana of madhya pradesh Sanjha Chulha yojana was started to ensure food security to the families of Sahariya tribe in Morena district by Akash Tripathi (Collector Morena) by the state government, Sanjha Chulha was started in 29 villages in 3 blocks of Morena district. This Yojana was started on 1st November 2009. Under this scheme, free food was provided to the selected beneficiaries once daily. A card was issued under this arrangement from which this facility can be availed. Since kitchens were mainly used for cooking in India, this scheme was named as Sanjha Chulha. Funds for this scheme are arranged with Gram Panchayat, Red Cross and public support.  Under the Sanjha Chulha scheme, there is a provision of providing nutritious food to children of 6 months to 3 years (children and mothers also) in the anganwadis  Providing balanced diet. Some Important Points about this scheme The scheme will start from November 1 2009 Functionally will be started at every Anganwadi cen

The agro-based industries of Madhya Pradesh.

Madhya Pradesh is one of the four industrialized states of the country, an exceptionally rich natural resource and rich in manpower. Apart from being an agrarian state, it is also a state rich in forest wealth and mineral wealth, and industries have been established on the basis of these immense natural wealth. Although several industrial units and mineral and forest wealth have been snatched from the state due to the separation of Chhattisgarh, despite this Madhya Pradesh has managed to strengthen its industrial position, thanks to the untiring efforts made by the state government. Madhya Pradesh is an agrarian state whose economy is directly or indirectly dependent on agriculture. Indirectly, the raw material produced in agriculture is used for the operation of industries and industries are important pillars of the economy of the state. In this way, many industries have been established in Madhya Pradesh on the basis of agricultural crops like cotton, sugarcane, soybean, oilseeds, pu