PMJDY-Pradhan Manthri Jan Dhan Yojana -Scheme Details-Study Notes

Social welfare Scheme by Government : Details for Exams such as PSC,UPSC, SSC and Other Competitive Exams.


It is a National Mission for Financial Inclusion to ensure access to financial services, namely Banking Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

Launched on  28 August 2014 by Prime Minister Narendra Modi
Slogan of PMJDY is Mera Khata – Bhagya Vidhaata.

Run by Department of Financial Services, Ministry of Finance

Under the scheme:

1. Account holders will be provided zero-balance bank account with RuPay debit card, in addition to accidental insurance cover of Rs 1 lakh(to be given by 'HDFC Ergo').

2. Those who open accounts by January 26, 2015 over and above the 1 lakh ₹ accident, they will be given life insurance cover of ₹ 30,000(to be given by LIC).

3. After Six months of opening of the bank account, holders can avail 5,000 ₹ overdraft from the bank.

4. With the introduction of new technology introduced by National Payments Corporation of India (NPCI), a person can transfer funds, check balance through a normal phone which was earlier limited only to smart phones so far.

5. Mobile banking for the poor would be available through National Unified USSD Platform (NUUP) for which all banks and mobile companies have come together[6]
Share :
+
Next
« Prev
Prev
Next »
0 Comments

GK Cards

 
Back To Top