Pradhan Mantri Jan Dhan Yojana

E398292

Pradhan Mantri Jan Dhan Yojana is an Indian government financial inclusion program aimed at providing affordable banking services, including basic savings accounts, remittances, credit, insurance, and pension access, to the unbanked population.

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Statements (49)

Predicate Object
instanceOf financial inclusion scheme
government scheme of India
abbreviation PMJDY
accountType zero-balance savings account
allows no-frills bank accounts
announcedAt Red Fort
surface form: Red Fort, New Delhi
announcedBy Narendra Modi
announcedOn 2014-08-15
benefit access to micro-credit
access to pension schemes
access to remittance facilities
country India
eligibility Indian resident
age 10 years and above
implementedBy Ministry of Finance
surface form: Ministry of Finance, Government of India
insuranceCoverAccidental ₹1,00,000 (initial)
₹2,00,000 (for new RuPay cards after enhancement)
insuranceCoverLife ₹30,000 (for eligible account holders)
languageVariant Pradhan Mantri Jan Dhan Yojana self-linksurface differs
surface form: प्रधान मंत्री जन धन योजना
launchDate 2014-08-28
launchedBy Government of India
linkedTo Atal Pension Yojana
Pradhan Mantri Jeevan Jyoti Bima Yojana
Pradhan Mantri Suraksha Bima Yojana
RuPay card scheme
nodalDepartment Department of Financial Services (India)
surface form: Department of Financial Services
objective access to credit, insurance and pension
financial inclusion of unbanked households
universal access to banking facilities
overdraftLimit ₹10,000 (later enhanced)
₹5,000 (initial design)
partOf Jan Dhan-Aadhaar-Mobile (JAM) trinity
phase Phase I (2014–2015)
Phase II (2015–2018)
Phase III (from 2018)
policyArea financial inclusion
social security
provides National Payments Corporation of India
surface form: RuPay debit card

accidental insurance cover
basic savings bank deposit accounts
direct benefit transfer platform
life insurance cover
overdraft facility
sector banking
supports Aadhaar seeding of bank accounts
direct transfer of government subsidies
targetPopulation low-income households
unbanked population of India
uses business correspondent model for last-mile delivery

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Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Punjab National Bank participatesIn Pradhan Mantri Jan Dhan Yojana
Narendra Modi knownFor Pradhan Mantri Jan Dhan Yojana
Pradhan Mantri Jan Dhan Yojana languageVariant Pradhan Mantri Jan Dhan Yojana self-linksurface differs
this entity surface form: प्रधान मंत्री जन धन योजना