PM Jan Dhan Yojana

• As per a Finance ministry release, total number of Jan Dhan accounts in the country has crossed 50 crore-mark.

OTHER STATS

• 56% of the accounts belong to women.
• About 67% of these accounts have been opened in rural and semi-urban areas.
• The total deposits in these accounts are above Rs 2.03 lakh crore.
• Around 34 crore RuPay cards have been issued with these accounts free of cost.
• Average balance in PMJDY accounts is Rs 4,076
• More than 5.5 crore of these are receiving Direct Benefit Transfer (DBT).

ABOUT PRADHAN MANTRI JAN DHAN YOJANA

• The National Mission on Financial Inclusion -popularly known as PMJDY –was launched on August 28, 2014.
• It envisaged universal access to banking facilities with at least one basic banking account for every household, financial literacy, access to credit, insurance and pension.
• It offers following benefits-
  • a bank account without the requirement of a minimum balance,
  • free of cost RuPay debit cards with in-built accidental insurance of Rs 2 lakh, and
  • The holders of a RuPay Debit Card under the scheme can also receive life cover insurance up to ₹30,000.
  • an overdraft facility of up to Rs 10,000 (but only available against one account per household).