Pradhan Mantri Jan Dhan Yojana (PMJDY) |
National mission for financial inclusion. |
Objective |
To ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. |
Timeline for Financial Inclusion Plan |
Phase I (15 Aug, 2014 - 14 Aug, 2015)
Phase II (15 Aug, 2015 - 14 Aug, 2018)
Some of the Phase II activities would also be carried out in Phase I. In addition, in this phase, coverage of households in hilly, tribal and difficult areas would be carried out. Moreover, this phase would focus on coverage of remaining adults in the households and students. |
Implementation |
In 2012, the State-Level Bankers’ Committees (SLBCs) were mandated to prepare a roadmap covering all unbanked villages of population less than 2,000 and notionally allot these villages to banks for providing banking services, in a time-bound manner. The notional allotment was only intended to ensure that all villages have at least one banking outlet for providing banking services and does not deny or bar any other bank from operating in these areas based on the available business potential. While preparing the roadmap for this scheme through a combination of business correspondent (BCs) and branches, the RBI said it should be ensured that there is a brick-and-mortar branch to provide support to a cluster of BC units — about 8-10 — at a reasonable distance of 3-4 kilometers. Since PMJDY was launched on August 28, banks collectively have opened 10.36 crore basic savings bank deposit accounts and issued 8.38 crore RuPay debit cards up to December 30. About 73 per cent of the total accounts opened have zero balance. The remaining accounts have balances aggregating ₹8,044 crore. |
Documents required to open an account under Pradhan Mantri Jan-Dhan Yojana |
Account can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet. PMJDY accounts are being opened with Zero balance. However, if the account-holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria. If Aadhaar Card/Aadhaar Number is available then no other documents is required. If address has changed, then a self-certification of current address is sufficient. If Aadhaar Card is not available, then any one of the following Officially Valid Documents (OVD) is required: Voter ID Card, Driving License, PAN Card, Passport & NREGA Card. If these documents also contain your address, it can serve both as Proof of Identity and Address. If a person does not have any of the officially valid documents mentioned above, but it is categorized as low risk' by the banks, then he/she can open a bank account by submitting any one of the following documents: Identity Card with applicant's photograph issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks and Public Financial Institutions; Letter issued by a gazette officer, with a duly attested photograph of the person. |
Benefits under PMJDY Scheme |
|
Source |
Pradhan Mantri Jan Dhan Yojana (PMJDY)
TopicWise - Current Affairs Mindmaps
- State of the climate in Asia Report Mindmap
- World Heritage Glaciers under Threat - UNESCO Mindmap
- Utah Salt Flats are receding Mindmap
- Thinning of Greenland Ice Sheet Mindmap
- Sovereign Green Bonds Framework Mindmap
- Soil carbon sequestration Mindmap
- Siberian Rubythroat Mindmap
- Shrinking of Rhinoceros Horns Mindmap
- Russia’s Nuclear-Powered Icebreaker Mindmap
- River Nile in danger Mindmap
- Red-Crowned Roofed turtle Mindmap
- Pseudohelice Annamalai Mindmap
- Provisional State of Global Climate Report, 2022 Mindmap
- National Centre of Excellence for Green Port & Shipping (NCoEGPS) Mindmap
- Muli Bamboo (Melocanna baccifera) Mindmap
- Methane Alert and Response System(MARS) Mindmap
- Mangrove Alliance for Climate (MAC) Mindmap
- Loss and damage fund Mindmap
- Long-Term Low Emission Development Strategy Mindmap
- Living Amazon Report 2022 Mindmap
- Leith’s Soft-shelled Turtle Mindmap
- Jeypore Ground Gecko Mindmap
- International Drought Resilience Alliance (IDRA) launched Mindmap
- International Day for Biosphere Reserves 2022 Mindmap
- India Abstains to Vote Against Reopening Ivory Trade Mindmap
- Himalayan Yak Mindmap
- Greenwashing Mindmap
- Global Shield Plan Mindmap
- Ganga Utsav 2022 Mindmap
- Early Warning System in Himalayan region Mindmap
- Dynamic Ground Water Resource Assessment, 2022 Mindmap
- Climate Change Performance Index (CCPI) 2023 Mindmap
- Cauvery South Wildlife Sanctuary Mindmap
- Caspian Seal die-off Mindmap
- Carbon Credit Market Mindmap
- Carbon Capture, Utilisation, and Storage (CCUS) Mindmap
- Carbon Border Adjustment Tax Mindmap
- Black-Naped Pheasant Pigeon Mindmap
- Black Corals Mindmap
- Arittapatti Biodiversity Heritage Site Mindmap
- Ambition on Melting Ice(AMI) Mindmap
- Adaptation Gap Report, 2022 Mindmap
- Aceclofenac Ban Mindmap
- Vostro Accounts Mindmap
- Unified District Information System for Education (UDISE) Plus 2021-22 report Mindmap
- State of Food and Agriculture Report, 2022 Mindmap
- SHAKTI Policy Mindmap
- Rozgar Mela Mindmap
- Report of the Expert Committee on SVAMITVA Scheme Mindmap
- Pradhan Mantri Fasal Bima Yojana (PMFBY) Mindmap
- Performance Grading Index (PGI) Mindmap
- Nutrient Based Subsidy Scheme Mindmap
- Niveshak Didi Mindmap
- Network Readiness Index 2022 Mindmap
- National Bioenergy Programme Mindmap
- Mother Tongue Survey of India Mindmap
- Mentorship, Advisory, Assistance, Resilience and Growth (MAARG) portal Mindmap
- International Tourism Mart (ITM) 2022 Mindmap
- India Infrastructure Project Development Fund Scheme (IIPDF Scheme) Mindmap
- India Chem 2022 Mindmap
- Finfluencers Mindmap
- Compressed Bio Gas plant Mindmap
- 5th Meeting of Governing Council of NIIF Mindmap
- US Space Force (USSF)-44 Mindmap
- Naseem Al Bahr 2022 Mindmap
- Make-II Project Mindmap
- India-Mozambique-Tanzania Trilateral Exercise Mindmap
- HADR Exercise Samanvay 2022 Mindmap
- Exercise Sea Vigil-22 Mindmap
- Exercise Garuda Shakti Mindmap
- Ballistic Missile Defence (BMD) interceptor AD-1 missile Mindmap
- Agni-3 Missile test Mindmap
- 4th India-France Annual Defence Dialogue Mindmap
- Tokhu Emong Festival Mindmap
- ST status for Pahari Ethnic Group Mindmap
- Sangai Festival 2022 Mindmap
- Rising Sun Water Festival 2022 Mindmap
- Patan Patola Mindmap
- Olakkuda Ezhunnallath Mindmap
- Mangarh Massacre Mindmap
- Kashi Tamil Sangamam Mindmap
- Gorshey in Delhi Mindmap
- Bali yatra 2022 Mindmap
- Aadhaar usage hygiene Mindmap
- Why Joshimath is sinking?
- Zebrafish can regenerate aged discs in human vertebrae
- National Beekeeping & Honey Mission (NBHM) 'Sweet Revolution' Mindmap
- Pashmina Shawl Mindmap
- Wangala Dance Mindmap
- Yotta Mindmap
- Nai Chetna-Pahal Badlav Ki Mindmap
- India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) Mindmap
- Illegal, Unreported and Unregulated (IUU) Fishing Mindmap
- Great Knot Mindmap
- Global Vaccine Market Report 2022 Mindmap
- Global Partnership on Artificial Intelligence (GPAI) Mindmap
- Gangetic River Dolphin returns. Mindmap
- Exercise Garuda Shakti Mindmap
- Carbon Credit Market Mindmap
- Assam-Meghalaya Border Dispute Mindmap
- Arctic fires Mindmap
- 17th East Asia Summit 2022 Mindmap
- 9th Ministerial meeting of India-US Economic and Financial Partnership Mindmap
- 9th ASEAN Defence Ministers’ Meeting Plus Mindmap
- 8th Norway-India Joint Working Group Maritime meeting Mindmap
- 2nd BIMSTEC Agriculture Ministers Meeting Mindmap