Prime Minister Modi celebrated the tenth anniversary of the Pradhan Mantri Jan-Dhan Yojana (PMJDY), the national mission for financial inclusion that aims to ensure affordable access to financial services such as basic savings and deposit accounts, remittances, loans, insurance and pensions.
In 2014, the then NDA government launched the scheme to bring millions of Indians into the formal financial system. As of August 14, 2024, there were over 53.1 million beneficiaries with total deposits of over ₹2.3 trillion crore. Nearly 30 crore of the beneficiaries are women.
Prime Minister Modi called the scheme a success in a post on X (formerly Twitter), noting, “Today we mark a momentous occasion – #10YearsOfJanDhan. Jan Dhan Yojana has been instrumental in promoting financial inclusion and bringing dignity to millions of people, especially women, youth and marginalized groups.”
Finance Minister Nirmala Sitharaman also praised the programme and said, “Today we celebrate a momentous occasion – 10 years of JanDhan. Congratulations to all the beneficiaries and compliments to all who have worked to make this programme a success.”
Details of Jan Dhan Yojana Scheme
Under the program, a Basic Savings Account (BSBD) can be opened at any branch or office of Bank Mitra. The benefits of the program are:
1. There is no requirement to maintain a minimum balance in PMJDY accounts.
2. Interest will be paid on deposits in PMJDY accounts.
3. A Rupay debit card will be provided to the PMJDY account holder.
4. Accident insurance cover for ₹1 Lakh (increased to Rs. 2 Lakh for new PMJDY accounts opened after 28.8.2018) is available with the RuPay card issued to PMJDY account holders.
5. Overdraft (OD) facility of up to Rs. 10,000 is available to eligible account holders.
6. PMJDY accounts are eligible for Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Micro Units Development and Refinance Agency Bank (MUDRA ). Scheme.
