#PMJanDhan: 7 Years complete! PMJDY accounts up 3 times to Rs 43.04 cr, deposits up to Rs 146,231 cr; Check insurance cover, life cover for select beneficiaries


#PMJanDhan: Pradhan Mantri Jan-Dhan Yojana


PMJDY Account: Pradhan Mantri Jan-Dhan Yojana was announced by Prime Minister Narendra Modi in his Independence Day address on 15 August 2014. 

#PMJanDhan: As the Prime Minister Narendra Modi-led central government celebrated the 7th successful year of implementation of Pradhan Mantri Jan-Dhan Yojana (PMJDY), the National Financial Inclusion Mission, the Finance Ministry on Saturday said 43.04 crore beneficiaries would be covered under it. has been brought.

Banking system since the inception of PMJDY. It also said that the amount deposited in these bank accounts has gone up to Rs 146,231 crore. 

MJDY was announced by Prime Minister Narendra Modi in his Independence Day address on 15 August 2014. Launching the program on August 28, the Prime Minister had described the occasion as a celebration of the liberation of the poor from a vicious cycle. 

Reiterating the importance of the scheme, Finance Minister Nirmala Sitharaman said, “The journey of interventions undertaken in a short span of 7 years under the leadership of PMJDY has produced both transformative as well as directional change thereby transforming the emerging FI ecosystem. capable of being distributed.

Financial services to the poorest of the poorest person in the society. The underlying pillars of PMJDY, i.e. de-banking, securing the un-funded and funding the un-funded, leverage technology to serve the under-served and under-served sectors as well as the collaborative effort of multi-stakeholders. Makes it possible to adopt an approach. He said 


In a major success, PMJDY accounts have increased three times from 14.72 crore in March’15 to 43.04 crore as on 18-08-2021.  


Women seem to have benefited the most from this scheme as 55% of Jan Dhan account holders are women and 67% of Jan Dhan accounts are in rural and semi-urban areas.  

Also, out of the total 43.04 crore PMJDY accounts, 36.86 crore (86%) are operational, while the total RuPay cards issued to PMJDY account holders are 31.23 crore. 

Under PM Garib Kalyan Yojana, a total of Rs. 30,945 crore has been deposited in the accounts of women PMJDY account holders during the COVID lockdown, while around 5.1 crore PMJDY account holders receive Direct Benefit Transfer (DBT) from the government under various schemes. 

6 pillars of Pradhan Mantri Jan-Dhan Yojana (PMJDY)  


Universal Access to Banking Services – Branch and BC 

*Rupee. Basic Savings Bank Account with overdraft facility of Rs. 10,000/- to each eligible adult 

*Financial Literacy Programs- Promoting savings, ATM use, ready for credit, availing insurance and pension, using basic mobile phone for banking 

* Creation of Credit Guarantee Fund – to provide certain guarantees against defaults to banks 

*Insurance – Accident cover Rs. 1,00,000 and life insurance of Rs. 30,000 on account opened between 15 August 2014 to 31 January 2015 

*Pension Scheme for the Unorganized Sector