-PMJDY

INTRODUCTION
On 15th August 2014, India’s prime minister announced the financial
inclusion mission titled “Pradhanmantri Jan-Dhan Yojana”.
Jan-Dhan Yojana roughly translates into English as “People’s Wealth
Scheme”.
India’s Prime minister Narendra Modi announced the launch of this scheme
at the Red Fort on the occasion of India’s Independence Day.
Launched on 28 August in 77000 of arias.
About PMJDY
The name “Jan Dhan” was chosen through an Online
Competition on the MyGov Platform, received more than
6000 suggestions from Indian citizens.
7 individuals was suggested “Jan Dhan”.
Slogan – Mera Khata-Bhagya Vidhaatha.
Primarily the PMJDY Scheme is meant for those who do
not have a savings bank account.
Only 58% of Indian citizens are having a bank account.
Aim of PMJDY
To bring poor financially
excluded people into
banking system.
It covers both urban &
rural areas.
Raise of Indian
Economy.
To decrees corruption in
Govt subsidy schemes.
Digital India.
Benefits of opening bank a/c under PMJDY
Account can opened with
zero balance.
Not required to maintain any
minimum balance.
ATM card can be issued.
Accident insurance up to
100,000.
Medical insurance cover of
30,000.
5000 of overdraft available
only after 6 months if your
account is found.
 Participants
Nationalized Banks Private –Sector Banks
SBI Axis Bank
Bank of Baroda Federal Bank
Bank of India HDFC Bank
Canara Bank ICICI Bank
Indus Bank
IDBI Bank
ING Vysha Bank
Indian Bank
Andhra Bank
PNB YES Bank
Union Bank of India Kotak Mahendra Bank
Oriental Bank of commerce Karnataka Bank
 7000 20000
brache ATM
s
50000
emp

PMJDY
Reaching of Target with in a Day
Bank Number of accounts
IDBI 3,62,000
Union Bank 5,50,000
Dena Bank 3,00,000
ICICI 1,00,000
Bank of Maharashtra 2,90,000
SBI 20,00,000(from Aug-16)