MIHIR NANDU

18/B
AYUSH PANDEY
21/B
VISHAL SUVARNA
40/B

AGENDA
INTRODUCTION
WHOS IN CHARGE
ABOUT PMJDY
IMPORTANCE
AIM OF PMJDY
STATISTICS
BENEFITS OF OPENING AN ACCOUNT WITH PMJDY
PHASE 1 & PHASE 2
PROCEDURES
PILLARS OF PMJDY
PARTICIPANTS OF PMJDY
COVERAGE OF PMJDY
TARGET AND ACHIEVEMENT

INTRODUCTION
On 15th August 2014 Indian prime minister announced the
financial inclusion mission titled Pradhanmantri Jan-Dhan
Yojna.
Jan Dhan Yojna roughly translates into english as peoples
wealth scheme.
Indian prime minister Narendra Modi announced the launch
of this scheme at the RedFort on the occasion of
Independence Day.
Launched on 28TH August in 77000 of area.

WHOS IN CHARGE
Ms. Nirmala Sitharaman minister of state for
commerce and industries.
Ms. Smriti Irani - minister of human resource
development
Mr. Anant Kumar minister of chemicals and
fertilisers
Mr. Piyush Goel minister of state for power coal
and new & renewable energy
Chief minister of states will also look upon this
yojana

ABOUT PMJDY
The name Jan Dhan was chosen through an online
competition on the My Gov Platform received more than
6000 suggestions from indian citizens
7 individuals was suggested Jan Dhan
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.

IMPORTANCE
Easier for the government to directly pay the subsidies into
the Accounts.
Non usage of vast, leaky network of government agencies.
Government will pay about estimated 1125 cr. of life
insurance premium for all the accounts per year.

WHY SHOULD I CARE

Freedom from scam-artists and moneylenders.
If government takes on all the cost it might be a welfare
scheme funded by the tax payers which eventually will pass
on to us.

AIM OF PMJDY
The scheme has been started with a target to provide
'universal access to banking facilities' starting with Basic
Banking Accounts with overdraft facility of Rs.5000 after six
months and RuPay Debit card with inbuilt accident insurance
cover of Rs. 1 lakh and RuPay Kisan Card.
To bring poor financially excluded people into banking
system.
To decrease corruption in Govt subsidy schemes.
To raise the Indian economy

STATISTICS
As per 2011 census figure around 41% of the 246.7 million
households across India have no access to banking services.
Around 46% of the 167.8 million rural households and 33%
of the 78.9 million urban household have no access to
banking facilities.
Jaitley said banks managed to open 1.5 crore bank
accounts on the first day of the launch itself with the help of
more than 70000 camps opened across the country by
banks.

BENEFITS OF OPENING A
BANK ACCOUNT WITH PMJDY
With the introduction of new technology introduced by
National Payments Corporation of India (NPCI), a person can
transfer funds, check balance through a normal phone which
was earlier limited only to smart phones so far.
Mobile banking for the poor would be available through
National Unified USSD Platform (NUUP) for which all banks and
mobile companies have come together.

PHASE ONE OF PMJDY (15 AUG

2014 TO 14 AUG 2015)
Universal Access to banking facilities for all
households across the country through a bank
branch or a fixed point business correspondent
called BANK MITRA
To cover all households with atleast one basic
banking account with Rupay debit card having
inbuilt accident insurance cover of 1 lac.
Overdraft facility upto 5000 and can be
extended upto
15000 if minimum balance
is maintained
Financial literacy program
The issurance of Kissan credit card

PHASE TWO OF PMJDY (15

AUG 2015 ONWARDS)
Providing micro insurance to the people
Unorganised sector pension schemes like
Swavalamban through the business correspondents
which will be monitored by finance minister being
head of the mission.
Electronic transfers of subsidies under various
schemes of government would be enable
Both rural and urban area would be covered under
this scheme

PROCEDURE TO APPLY FOR

PMJDY
Simplified KYC Norm for all private and public banks
Documents needed (any one)
1. Aadhar Card
2. Pan Card
3. Voter Id
4. Driving Licences
5. Address proof and Self declaration

PILLARS OF PMJDY

PMJDY

EXPANSION OF
NETWORK

RAISE
AWARENESS

OUTSIDE HELP
AND
EXTENSIVE
MONITORING

PARTICIPANTS OF PMJDY
PUBLIC SECTOR
BANKS

PRIVATE SECTOR
BANKS

SBI

AXIS BANK

BANK OF BARODA

FEDERAL BANK

BANK OF INDIA

HDFC BANK

CANARA BANK

ICICI BANK

IDBI BANK

INDUSIND BANK

INDIAN BANK

ING VYSYA BANK

PNB

ANDHRA BANK

UNION BANK OF INDIA

YES BANK

ORIENTAL BANK OF COMMERCE

KOTAK MAHINDRA BANK

COVERAGE OF PMJDY

PMJDY

7000 BRANCHES

20000 ATMS

50000 EMPLOYESS

TARGET AND ACHIEVEMENT

The ultimate target of PMJDY is to achieve 7.5 crore bank
accounts.
2.14 banks savings account opened since the launch of Jan
Dhan Yojana on August 28.
As on 30th August 2014 1.84 crore accounts were added.
In the afternoon on 30th August 2014 about 2,14,34,000
accounts have been opened.