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A. Pradhan Mantri Jan Dhan Yojana (PMJDY)
Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched as the National Mission for Financial Inclusion on 28.8.2014. It aims to ensure comprehensive financial inclusion of all households in the country by providing universal access to banking facilities with at least one basic bank account to every household, financial literacy, and social security cover.
With a view to further deepening the Financial Inclusion interventions in the country, PMJDY has been extended beyond 14.8.2018 with the focus on opening of accounts shifting from “every household” to “every unbanked adult”.
The Scheme offers:
• To unbanked persons a basic bank account without any minimum balance requirement, called a Basic Savings Bank Deposit (BSBD) account;
• Free RuPay debit card, with in-built accident insurance cover of Rs. 2 lakh;
• Access to overdraft facility of upto Rs. 10,000, subject to eligibility conditions;
• Easy access to banking services in rural areas, through Bank Mitras;
• Awareness about financial products through financial literacy programs.
Progress under PMJDY (as on 28.02.2025):
• PMJDY Accounts : 54.97 crore
• Deposit in accounts : Rs. 2,52,750 crore
• Women accounts : 30.60 crore (55.7%)
• Accounts in Rural/Semi urban : 36.59 crore (66.6%)
• RuPay cards issued : 37.60 crore
From Jan Dhan to Jan Suraksha
For creating a universal social security system for all Indians, especially the poor and the under-privileged, three Social Security Schemes in the Insurance and Pension sectors were launched on 9th of May, 2015 by the Hon’ble Prime Minister.
B. Pradhan Mantri Suraksha Bima Yojana (PMSBY)
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a one-year personal accident insurance Scheme, renewable from year to year. It offers coverage for death/disability due to an accident and is available to people in the age group of 18 to 70 years having a bank account and who give their consent to join and enable auto-debit.
• Annual premium is Rs 20 per year;
• Risk Cover period: 1st June to 31st May;
• Benefit of Rs. 2 Lakh payable on death or permanent total disability and Rs. 1 Lakh on partial disability. Simple claim settlement procedure / process involving minimum documentation has been put in place;
• It involves convenient bank account linked enrolment with implementation in IT mode and premium payment through auto-debit from the bank account of the subscriber;
• The Scheme is being offered by Public Sector General Insurance Companies or any other General Insurance Company willing to offer the product on similar terms with necessary approvals and tie up with Banks for this purpose.
Progress under PMSBY (as on 28.02.2025):
Cumulative enrolment : 50.15 crore
C. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a one-year life insurance Scheme renewable from year to year. It offers coverage of Rs. Two lacs for death due to any reason and is available to people in the age group of 18 to 50 years having a bank account.
• Annual premium is Rs.436 per year;
• Risk Cover period: 1st June to 31st May;
• It involves convenient bank account linked enrolment and premium payment through auto-debit from the bank account of the subscriber;
• The scheme is being offered by the Life Insurance Corporation and all other life insurers willing to offer the product on similar terms with necessary approvals and tie up with Banks for this purpose.
Progress under PMJJBY (as on 28.02.2025):
Cumulative enrolment : 23.12 crore
D. Atal Pension Yojana (APY)
The Government launched the Atal Pension Yojana (APY) to encourage the workers in unorganized sector to voluntarily save for their retirement. The Scheme provides a defined pension, depending on the contribution and its period. Under APY, the subscribers would receive the fixed minimum pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month and Rs. 5000 per month at the age of 60 years depending on their contributions, which itself would be based on the age of joining APY. The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by any subscriber under APY would be 20 years or more.
The minimum pension would be guaranteed by the Government, i.e., if the accumulated corpus based on contributions earns a lower than estimated return on investment and is inadequate to provide the minimum guaranteed pension, the Central Government would fund such inadequacy. Alternatively, if the returns on investment are higher, the subscribers would get enhanced pensionary benefits.
Subscribers can make contributions to APY on monthly/ quarterly / half-yearly basis. Subscribers can also voluntarily exit from APY subject to certain conditions, on deduction of Government co-contribution and return/interest thereon.
Progress under Atal Pension Yojana (as on 28.02.2025)
Total subscribers: 7.47 crore
E. Pradhan Mantri MUDRA Yojana (PMMY)
Pradhan Mantri MUDRA Yojana (PMMY) was launched on 08.04.2015 with the objective of providing access to institutional collateral free credit to micro enterprises.
Features:
• Purposes: Non-agricultural, including activities allied to agriculture such as poultry, dairy, beekeeping etc. Term loan and working capital requirements can both be met;
• Categories:
a. Shishu – upto Rs.50,000;
b. Kishore– Above Rs.50,000 and upto Rs.5 lakh;
c. Tarun- Above Rs.5 lakh and upto Rs.10 lakh; and
d. Tarun Plus- Above Rs.10 lakh and upto Rs.20 lakh (for those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun’ Category w.e.f 24.10.2024).
• Member Lending Institutions (MLIs): Public Sector Banks (PSBs), Private Sector Banks, Foreign Banks, Regional Rural Banks, Small Finance Banks, Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs) and NBFC- MFIs;
• Collateral not required.
Progress under MUDRA (as on 28.02.2025 since launch of scheme)
Total accounts sanctioned : 52.07 crore
Total Sanctioned Amount : Rs. 33.19 lakh crore
Total Disbursed Amount : Rs. 32.40 lakh crore
F. Stand Up India Scheme (SUPI)
The Stand-up India Scheme was launched on 5th April, 2016 to promote entrepreneurship among the Scheduled Castes/ Scheduled Tribes and Women.
Features:
• Composite Loan between Rs.10 lakh and Rs.1 crore to entrepreneurs above 18 years of age, through Scheduled Commercial Banks (SCBs);
• Loan between Rs.10 lakh and Rs.1 crore through Scheduled Commercial Banks (SCBs);
• For setting up greenfield projects in manufacturing, services or trading sector and activities allied to agriculture;
• Repayment of the loan in a span of upto seven years including moratorium period of 18 months;
• Margin money ‘upto 15%’ which can be provided in convergence with eligible central/state government schemes. In any case, the borrower has to bring in minimum of 10 % of the project cost as his/her own contribution;
• Online portal www.standupmitra.in is providing guidance to prospective entrepreneurs in their endeavor to set up business enterprises, starting from training to filling up loan applications, as per bank requirements. In addition, one can also apply for loan over www.jansamarth.in portal.
Progress under Stand-Up India (as on 28.02.2025 since launch of Scheme)
• Accounts sanctioned : 2.67 lakh
• Amount Sanctioned : Rs. 60,504 crore
• Amount Disbursed : Rs. 34,450 crore
• Women accounts : 1.99 lakh
• Herein it maynot be out of place to mention that the SUPI Scheme is upto 31.03.2025, in line with the 15th Finance Commission. Besides, as per the Budget announcement for FY 2025-26, “a new scheme will be launched for 5 lakh women, Scheduled Castes and Scheduled Tribes first-time entrepreneurs. This will provide term loans up to Rs.2 crore during the next 5 years. The scheme will incorporate lessons from the successful Stand-Up India scheme. Online capacity building for entrepreneurship and managerial skills will also be organized”.
The relevant EFC note is under preparation as per the same. Comments of the concerned Ministries & Department will be taken and the process would accordingly be taken up further.
आगे पढ़ें...
A. Pradhan Mantri Jan Dhan Yojana (PMJDY)
Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched as the National Mission for Financial Inclusion on 28.8.2014. It aims to ensure comprehensive financial inclusion of all households in the country by providing universal access to banking facilities with at least one basic bank account to every household, financial literacy, and social security cover.
With a view to further deepening the Financial Inclusion interventions in the country, PMJDY has been extended beyond 14.8.2018 with the focus on opening of accounts shifting from “every household” to “every unbanked adult”.
The Scheme offers:
• To unbanked persons a basic bank account without any minimum balance requirement, called a Basic Savings Bank Deposit (BSBD) account;
• Free RuPay debit card, with in-built accident insurance cover of Rs. 2 lakh;
• Access to overdraft facility of upto Rs. 10,000, subject to eligibility conditions;
• Easy access to banking services in rural areas, through Bank Mitras;
• Awareness about financial products through financial literacy programs.
Progress under PMJDY (as on 28.02.2025):
• PMJDY Accounts : 54.97 crore
• Deposit in accounts : Rs. 2,52,750 crore
• Women accounts : 30.60 crore (55.7%)
• Accounts in Rural/Semi urban : 36.59 crore (66.6%)
• RuPay cards issued : 37.60 crore
From Jan Dhan to Jan Suraksha
For creating a universal social security system for all Indians, especially the poor and the under-privileged, three Social Security Schemes in the Insurance and Pension sectors were launched on 9th of May, 2015 by the Hon’ble Prime Minister.
B. Pradhan Mantri Suraksha Bima Yojana (PMSBY)
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a one-year personal accident insurance Scheme, renewable from year to year. It offers coverage for death/disability due to an accident and is available to people in the age group of 18 to 70 years having a bank account and who give their consent to join and enable auto-debit.
• Annual premium is Rs 20 per year;
• Risk Cover period: 1st June to 31st May;
• Benefit of Rs. 2 Lakh payable on death or permanent total disability and Rs. 1 Lakh on partial disability. Simple claim settlement procedure / process involving minimum documentation has been put in place;
• It involves convenient bank account linked enrolment with implementation in IT mode and premium payment through auto-debit from the bank account of the subscriber;
• The Scheme is being offered by Public Sector General Insurance Companies or any other General Insurance Company willing to offer the product on similar terms with necessary approvals and tie up with Banks for this purpose.
Progress under PMSBY (as on 28.02.2025):
Cumulative enrolment : 50.15 crore
C. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a one-year life insurance Scheme renewable from year to year. It offers coverage of Rs. Two lacs for death due to any reason and is available to people in the age group of 18 to 50 years having a bank account.
• Annual premium is Rs.436 per year;
• Risk Cover period: 1st June to 31st May;
• It involves convenient bank account linked enrolment and premium payment through auto-debit from the bank account of the subscriber;
• The scheme is being offered by the Life Insurance Corporation and all other life insurers willing to offer the product on similar terms with necessary approvals and tie up with Banks for this purpose.
Progress under PMJJBY (as on 28.02.2025):
Cumulative enrolment : 23.12 crore
D. Atal Pension Yojana (APY)
The Government launched the Atal Pension Yojana (APY) to encourage the workers in unorganized sector to voluntarily save for their retirement. The Scheme provides a defined pension, depending on the contribution and its period. Under APY, the subscribers would receive the fixed minimum pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month and Rs. 5000 per month at the age of 60 years depending on their contributions, which itself would be based on the age of joining APY. The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by any subscriber under APY would be 20 years or more.
The minimum pension would be guaranteed by the Government, i.e., if the accumulated corpus based on contributions earns a lower than estimated return on investment and is inadequate to provide the minimum guaranteed pension, the Central Government would fund such inadequacy. Alternatively, if the returns on investment are higher, the subscribers would get enhanced pensionary benefits.
Subscribers can make contributions to APY on monthly/ quarterly / half-yearly basis. Subscribers can also voluntarily exit from APY subject to certain conditions, on deduction of Government co-contribution and return/interest thereon.
Progress under Atal Pension Yojana (as on 28.02.2025)
Total subscribers: 7.47 crore
E. Pradhan Mantri MUDRA Yojana (PMMY)
Pradhan Mantri MUDRA Yojana (PMMY) was launched on 08.04.2015 with the objective of providing access to institutional collateral free credit to micro enterprises.
Features:
• Purposes: Non-agricultural, including activities allied to agriculture such as poultry, dairy, beekeeping etc. Term loan and working capital requirements can both be met;
• Categories:
a. Shishu – upto Rs.50,000;
b. Kishore– Above Rs.50,000 and upto Rs.5 lakh;
c. Tarun- Above Rs.5 lakh and upto Rs.10 lakh; and
d. Tarun Plus- Above Rs.10 lakh and upto Rs.20 lakh (for those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun’ Category w.e.f 24.10.2024).
• Member Lending Institutions (MLIs): Public Sector Banks (PSBs), Private Sector Banks, Foreign Banks, Regional Rural Banks, Small Finance Banks, Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs) and NBFC- MFIs;
• Collateral not required.
Progress under MUDRA (as on 28.02.2025 since launch of scheme)
Total accounts sanctioned : 52.07 crore
Total Sanctioned Amount : Rs. 33.19 lakh crore
Total Disbursed Amount : Rs. 32.40 lakh crore
F. Stand Up India Scheme (SUPI)
The Stand-up India Scheme was launched on 5th April, 2016 to promote entrepreneurship among the Scheduled Castes/ Scheduled Tribes and Women.
Features:
• Composite Loan between Rs.10 lakh and Rs.1 crore to entrepreneurs above 18 years of age, through Scheduled Commercial Banks (SCBs);
• Loan between Rs.10 lakh and Rs.1 crore through Scheduled Commercial Banks (SCBs);
• For setting up greenfield projects in manufacturing, services or trading sector and activities allied to agriculture;
• Repayment of the loan in a span of upto seven years including moratorium period of 18 months;
• Margin money ‘upto 15%’ which can be provided in convergence with eligible central/state government schemes. In any case, the borrower has to bring in minimum of 10 % of the project cost as his/her own contribution;
• Online portal www.standupmitra.in is providing guidance to prospective entrepreneurs in their endeavor to set up business enterprises, starting from training to filling up loan applications, as per bank requirements. In addition, one can also apply for loan over www.jansamarth.in portal.
Progress under Stand-Up India (as on 28.02.2025 since launch of Scheme)
• Accounts sanctioned : 2.67 lakh
• Amount Sanctioned : Rs. 60,504 crore
• Amount Disbursed : Rs. 34,450 crore
• Women accounts : 1.99 lakh
• Herein it maynot be out of place to mention that the SUPI Scheme is upto 31.03.2025, in line with the 15th Finance Commission. Besides, as per the Budget announcement for FY 2025-26, “a new scheme will be launched for 5 lakh women, Scheduled Castes and Scheduled Tribes first-time entrepreneurs. This will provide term loans up to Rs.2 crore during the next 5 years. The scheme will incorporate lessons from the successful Stand-Up India scheme. Online capacity building for entrepreneurship and managerial skills will also be organized”.
The relevant EFC note is under preparation as per the same. Comments of the concerned Ministries & Department will be taken and the process would accordingly be taken up further.