Sign In
Learn bits
Economy
Mahesh

28/08/22 08:20 AM IST

PM Jan Dhan Yojana completes 8 years

In News 
  • Prime Minister Narendra Modi government’s flagship financial inclusion program Pradhan Mantri Jan Dhan Yojana has completed its eighth year and a lot of intended goals were achieved in this period.
PM-JDY 
  • Under this scheme more than 46 crore bank accounts have been opened in 8 years.
  • It has deposits of Rs 1.74 lakh crore.
  • With the help of this scheme, 67 percent of the rural population of the country has now got banking services and 56 percent of women also have Jan Dhan accounts.
Features
  • The schemes would provide the connectivity to the individuals through banking facilities. Several key features of the scheme include:
  • Interest on deposit
  • Accidental insurance cover of Rupee One Lakh.
  • No minimum balance required
  • Life insurance cover of Rs.30,000/-
  • Easy Transfer of money across India
  • After satisfactory operation of the account for 6 months, an overdraft facility will be permitted; Access to Pension, insurance products.; Accidental Insurance Cover, RuPay Debit Card must be used at least once in 45 days; Overdraft facility upto Rs.5000/- is available in only one account per household, preferably lady of the household.
Source- PIB 

    More Related Current Affairs View All

    08 Sep

    Rajasthan’s coaching centre Bill

    'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

    Read More

    28 Aug

    IADT-1

    'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

    Read More

    28 Aug

    H-1B visa changes

    'H-1B visa changes 2025: United States Commerce Secretary Howard Lutnick called the popular H-1B visa program a “scam”, saying that American businesses should be focuse

    Read More

    India’s First Ai-Driven Magazine Generator

    Generate Your Custom Current Affairs Magazine using our AI in just 3 steps