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

    14 Aug

    ABC of Sterilisation

    'The Supreme Court has directed Delhi, Noida, Gurgaon, and Ghaziabad authorities to urgently round up and shift stray dogs to shelters, stressing the need to protect children from

    Read More

    14 Aug

    Post and pre-matric scholarships

    'The  Union government is considering revising the parental income limit for eligibility in availing post and pre-matric scholarships administered to students from marginalise

    Read More

    13 Aug

    Working of satellite internet

    'Satellite internet is revolutionizing how we connect, extending high-speed access to virtually every corner of the globe, regardless of location.' Imagine getting online from t

    Read More

    India’s First Ai-Driven Magazine Generator

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