Pradhan Mantri Jan Dhan Yojana 

Current Context : Recently, PM Modi marked ten years of the Pradhan Mantri Jan-Dhan Yojana (PMJDY).

• It is a national mission for financial inclusion. Over the last decade,13 crore Jan Dhan accounts have been opened, with 29.56 crore women beneficiaries.

ABOUT PRADHAN MANTRI JAN DHAN YOJANA 

• Launched: August 28, 2014
• Objective: To provide financial inclusion to all households, ensuring access to banking services for the unbanked and underserved populations in India. The scheme aims to bring people into the formal banking system.

FEATURES:

• Zero Balance Accounts: Individuals can open bank accounts without the need for an initial deposit.

INSURANCE AND BENEFITS:

• Accidental Insurance: ₹2 lakh for death or permanent disability due to an accident.
• Life Insurance: ₹30,000 cover for eligible accounts (subject to conditions).