The Various Features Of PMJDY | (pradhan mantri jan dhan yojana)


You may have heard of the Pradhan Mantri Jan Dhan Yojana, but do you know what it is? This article will give you a brief overview of the scheme and some of the features that make it so unique.

Launched in August 2014, the Pradhan Mantri Jan Dhan Yojana is a scheme designed to provide access to banking facilities for all citizens of India. Under the scheme, every Indian citizen is provided with a bank account and an insurance policy. In addition, individuals are given access to micro-finance loans and other financial services.

The Jan Dhan Yojana has been a huge success, with more than 20 crore bank accounts being opened under the scheme. The scheme has also helped to increase financial inclusion in India and boost economic growth.

Introduction to the Pradhan Mantri Jan Dhan Yojana

So what is this Pradhan Mantri Jan Dhan Yojana all about? As the name suggests, it's a scheme that was launched by the Indian Prime Minister, Narendra Modi, with the aim of promoting financial inclusion.

Basically, under this scheme, every Indian citizen is eligible for a bank account with a zero balance. And to make it even more attractive, the government has announced a number of incentives for account holders, such as life insurance and accident insurance.

The Pradhan Mantri Jan Dhan Yojana is a great way to promote financial inclusion and help people save and access their money more easily.

“Hon'ble Prime Minister in his Independence Day address on 15th August 2014 announced the Pradhan Mantri Jan Dhan Yojana as the National Mission on Financial Inclusion, under which the Prime Minister of the country will be able to provide universal access to banking facilities at least. To ensure comprehensive financial inclusion of all households. A basic bank account, financial literacy, and access to credit, insurance, and pension facilities in every household. Under this, a person who does not have a savings account can open an account without any minimum balance requirement and if they certify that they do not have the officially valid documents required to open a savings account, then They can open one. a small account. In addition, to expand the reach of banking services, all over 6 lakh villages in the country were mapped into 1.59 lakh Sub Service Areas (SSAs), each SSA typically comprising 1,000 to 1,500 households, and 1.26 lakh were included in the SSA. Bank Mitras were also deployed for branchless banking.


Thus, PM Jan Dhan Yojna provides easy access to banking services and awareness of financial products through financial literacy programs. In addition, he gets a RuPay Debit Card with RuPay . 2 lakh inbuilt accident insurance cover. , and up to overdraft facility on satisfactory operation of the account or credit history of six months. In addition, through the Prime Minister's Social Security Schemes launched by the Hon'ble Prime Minister on 9th May 2015, all eligible account holders can get Personal Accident Insurance cover under Pradhan Mantri Suraksha Bima Yojana, life under Pradhan Mantri Jeevan, through their bank accounts. Can access insurance coverage. Under Jyoti Bima Yojana and Atal Pension Yojana, a minimum pension is guaranteed to the subscribers.


PMJDY was conceived as a bold, innovative and ambitious mission. Census 2011 estimates that out of 24.67 crore households in the country, 14.48 crore (58.7%) have access to banking services. In the first phase of the scheme, the target was to cover these households by opening a bank account within one year of the launch of the scheme. The actual achievement as on 26 January 2015 was 12.55 crores. The number of accounts has increased to 35.27 crores as of 27.03.2019. Further, in 2011, only 0.33 lakh SSAs had banking facilities and through the provision of bank friends in 1.26 lakh branchless SSAs, banking services were expanded across rural India. Its inclusive aspect is evident from the fact that 20.90 crore (60%) accounts of PMJDY are in rural areas and 18.74 crore (more than 53%) PMJDY account holders are women.


The deposit base of PMJDY accounts has expanded over time. The amount deposited in PMJDY accounts as on 27.3.2019 stood at Rs. 96,107 crores. The average deposit per account has more than doubled from Rs. 1,064 in March 2015. 2,725 in March 2019.


The Bank Mitra network has also increased in strength and usage. The average number of transactions per Bank Mitra on Aadhaar enabled payment system operated by Bank Mitra has increased more than eighty times from 52 transactions in 2014-15 to 4,291 transactions in 2016-17. ”


The Various Features of the Pradhan Mantri Jan Dhan Yojana

So what are the various features of the Pradhan Mantri Jan Dhan Yojana?

For starters, the account is completely free. You don't have to pay any maintenance fees or charges. And there's no minimum deposit required.

The account comes with a Rupay debit card, which you can use to withdraw cash from ATMs and make purchases at stores and online. You also get an insurance policy of Rs. 1 lakh, which covers you against any kind of accidental death or disability.

The account can be used to receive government benefits and subsidies, and you can also use it to open a fixed deposit or borrow money. Pretty cool, right?

Eligibility for the Pradhan Mantri Jan Dhan Yojana

The Pradhan Mantri Jan Dhan Yojana is a great scheme, and it's open to everyone.

In order to be eligible for the scheme, you need to have a bank account. If you don't have one, you can easily open one at any bank. Just make sure that you have all the required documents handy, so the process goes smoothly.

The Pradhan Mantri Jan Dhan Yojana is a great way to get started with saving and investing your money. So don't wait any longer, and sign up today!

How to Apply for the Pradhan Mantri Jan Dhan Yojana

So you want to apply for the Pradhan Mantri Jan Dhan Yojana? That's great! Here's what you need to do:

First, make sure you have all the required documents. This includes your ID and proof of address.

Second, go to the nearest bank or post office and submit your application.

Once your application is processed, you'll be given a Rupee account and a debit card. You can start using your account right away!

Advantages of the Pradhan Mantri Jan Dhan Yojana

So what are the advantages of the Pradhan Mantri Jan Dhan Yojana? Here are a few of them:

1. The scheme offers easy access to banking and financial services to all citizens of India, regardless of caste, creed, or social status.

2. All citizens of India are eligible for an overdraft facility of up to Rs.5000, which can be used in times of need.

3. The Pradhan Mantri Jan Dhan Yojana offers easy access to loans and insurance products.

4. The scheme encourages financial inclusion, and helps bridge the gap between the rural and urban divide.

5. The Pradhan Mantri Jan Dhan Yojana is a great way to promote savings among the masses.

Pradhan Mantri Jan-Dhan yojana statics

Pradhan Mantri Jan-Dhan Yojana statistics as on 17 Aug 2022 (All figures in crores)

Jan Dhan Yojana was announced by Prime Minister Narendra Modi on 15 August 2014 and the scheme was launched on 28 August 2014.

Bank TypeNumber of BeneficiariesDeposits in AccountsNumber of RuPay Cards
Public Sector Banks22.8413.6120.0936.45133,815.3227.44
Regional Rural Banks7.391.164.938.5434,156.993.41
Private Sector Banks0.700.600.711.314,876.181.11
Reference:- wikipidia


The Pradhan Mantri Jan Dhan Yojana is a scheme launched by the Indian government to provide easy access to banking facilities for the poor. The scheme has a number of features that make it attractive to people across India.

The most important feature of the Pradhan Mantri Jan Dhan Yojana is that it provides access to banking facilities for the poor. This is a huge step forward, as it will help to bring more people into the financial system. The scheme also has a number of other features, such as an overdraft facility and life insurance cover, that make it attractive to people across India.