PRADHANMANTRI

JAN DHAN YOJANA

-PMJDY

INTRODUCTION
On 15th August 2014, Indias prime minister announced the financial

inclusion mission titled Pradhanmantri Jan-Dhan Yojana.

Jan-Dhan Yojana roughly translates into English as Peoples Wealth
Scheme.
Indias Prime minister Narendra Modi announced the launch of this scheme
at the Red Fort on the occasion of Indias Independence Day.
Launched on 28 August in 77000 of arias.

About PMJDY
The name Jan Dhan was chosen through an Online

Competition on the MyGov Platform, received more than

6000 suggestions from Indian citizens.
Slogan Mera Khata-Bhagya Vidhaatha.
Primarily the PMJDY Scheme is meant for those who do
not have a savings bank account.
Only 58% of Indian citizens are having a bank account.

Aim of PMJDY
To bring poor

financially excluded
people into banking
system.
It covers both urban
& rural areas.
Raise of Indian
Economy.
To decrees
corruption in Govt
subsidy schemes.

Benefits of opening bank a/c under PMJDY

Account can opened with

zero balance.
Not required to maintain any
minimum balance.
ATM card can be issued.
Accident insurance up to
100,000.
Medical insurance cover of
30,000.
Overdraft facility of Rs.5000

after six months

What type of Identification Proof and Address

Proof needs to be submitted ?

Voter id card,
Driving license,
Passport,
PAN Card,
Aadhaar Unique Id,
NREGA Job card attested
by State
Government

Participants
Nationalized Banks

Private Sector Banks

SBI
Bank of Baroda
Bank of India
Canara Bank
IDBI Bank
Indian Bank
PNB
Union Bank of India
Oriental Bank of

Axis Bank
Federal Bank
HDFC Bank
ICICI Bank
Indus Bank
ING Vysha Bank
Andhra Bank
YES Bank
Kotak Mahendra Bank
Karnataka Bank

commerce

7000
brache
s

20000
ATM
50000
emp

PMJDY

Accident insurance(Rs. 1 lakh) and Life

Insurance(Rs.30,000)
Branchless banking through the Bank Mitr

Focus on Financial Literacy

At least one Account for every Household
(Urban & Rural) with RuPay Debit card
Saturating the geographies-Survey of SSA
and ward and coverage(21 crore
households surveyed)

1
2
3
4
5

Highlights of PMJDY

10

Structured Monitoring Mechanism from Central to

Distt level
Greater focus on fixed point BCs

Mission Mode Project

with Rebranding and 4
visibility to the programme
Push based to Pull based
Both Rural and Urban areas instead of only Rural
Areas
Household instead of village

3
2

Shift in Approach

11

Facility of Call Centre & Toll free number

On-line Monitoring through system generated MIS

Use of Aadhaar Enabled Payment System (AEPS) 3

for interoperability
Use of e-KYC to ease the account opening process
Every Bank A/c is on-line with RuPay Card &
Mobile Banking Facility

Focus on Technology
Shift in Approach

UPDATES ON PMJDY
Pradhan Mantri Jan Dhan Yojana

: No fresh account needed to get benefits of scheme

Government today said persons already having bank
account need not to open a fresh one to avail benefits of
the Pradhan Mantri Jan Dhan Yojana.
Rs 5,000 overdraft under Pradhan Mantri Jan-Dhan
Yojana is priority sector lending: RBI Under PMJDY, the
overdraft facility is permitted to Aadhaar-enabled accounts
after "satisfactory operation" of accounts for six months.
Next phase of Jan Dhan Yojana
to mobilise financial savings: Arun Jaitley PSBs will
play an active role in successful implementation of social
schemes announced in the budget, Jaitley added

Jan Dhan covers 99.7% households

"Most of India today is included in the banking

system... Except inaccessible households, bank

employees visited every household, and their
strike rate is 99.74%."
As many as 11.5 crore bank accounts have been
opened under the Pradhan Mantri Jan Dhan
Yojana, exceeding the enhanced target of 10
crore
More than Rs 9,100 crore has been deposited in
the Jan Dhan accounts

Among the 21.05 crore households surveyed,

20.99 crore have access to bank accounts.

Of the accounts opened under Jan Dhan, 51%
were held by women, while over 59% were in
rural areas.
Jammu & Kashmir, Arunachal Pradesh,
Chattisgarh, jharkhand, Manipur, Meghalaya,
Nagaland and Odisha, all other states have
reported 100% coverage for households

ANY
QUESTIONS???

THANK YOU