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.