JAN DHAN YOJANA

• On 15th August 2014, India's prime minister

announced the financial inclusion mission
titled “PRADHANMANTRI JAN DHAN
YOJANA
• JAN DHAN YOJANA roughly translates into
English as “ People’s wealth scheme”
• Launched on 28th August 2014.
 No
Savings No
No Insurance
assets

Financial
Exclusion

No access to
No bank money advice
account No affordable
credit

3
 AIM OF PMJDY
• To bring poor financially excluded people
into banking system
• It covers both urban and rural areas.
• Raise of Indian Economy
• To decrease corruption in Government
subsidy schemes
• Digital India
 PARTICIPANTS
• Nationalized Banks • Private-Sector Banks
• SBI • Axis Bank
• Bank of Baroda • Federal Bank
• Bank of India • HDFC Bank
• Canara Bank • ICICI Bank
• IDBI Bank • ING Vysha Bank
• Indian Bank • YES Bank
• PNB • Kotak Mahendra Bank
• Union Bank of India • Karnataka Bank
• Oriental Bank of commerce
 BENEFITS OF OPENING BANK
ACCOUNT UNDER PMJDY

• Account can be opened with zero balance

• Not required to maintain any minimum balance
• ATM card can be issued
• Accident insurance upto Rupees one lakh
• Medical insurance cover of Rupees three lakhs
• Rupees five thousand of overdraft facility available
only after six months if your account is found
 DOCUMENTS REQUIRED
TO OPEN THE ACCOUNT

•A voter identification card issued by the election

commission of India(ECI).
•A personal account Number or PAN Card.
•Ration Card with any photo proof.
•Aadhaar card.
•Valid Id proof from Government Organisation.
•A letter from the Sarpanch of the village with a valid
photograph.
•A job card issued by NRGEA and signed by state official.
 SOCIAL SECURITY
INSURANCE

• Pradhan Mantri Suraksha Bima

Yojana (PMSBY) and
• Pradhan Mantri Jeevan Jyoti Bima
Yojana (PMJJBY)
• Atal Pension Yojana (APY)
 PRADHAN MANTRI SURAKSHA
BIMA YOJANA

Highlights of the PMSBY – Scheme 1 – for

Accidental Death Insurance are:
Eligibility: Savings Bank (SB) Account holders
between 18 years (completed) and 70 years (age
nearer birthday) who give their consent to join /
enable auto-debit, as per the modality, will be
enrolled into the scheme.
Policy period: The cover shall be for one year
period starting from June 1, 2015 to May 31,
2016 for which option to join / pay by auto-debit
from the designated Savings Bank account on the
prescribed forms will be required to be given by
May 31, 2015 - extendable up to August 31, 2015.
For the saving A/c holder joining after May 31,
2015 and on or before August 31, 2015 the cover
shall end on May 31, 2016.
Premium: Rs. 12 per annum.
Payment Mode: The premium will be directly
auto-debited by the bank from the subscribers
account. This is the only mode available.
Risk Coverage: Total coverage (sum-insured)
under the scheme is Rs. 2 Lakh.
 Table of Benefits* Sum
Insured
I. Death Rs. 2 Lakh
II. Total and irrecoverable loss of both eyes or loss of Rs. 2 Lakh
use of both hands or feet or loss of sight of one eye
and loss of use of one hand or one foot

II Total and irrecoverable loss of sight of one eye or Rs. 1 Lakh

I. loss of use of one hand or one foot
*The total amount that can be claimed under the policy is INR 2
lakh only
 PRADHAN MANTRI JEEVAN
JYOTI BIMA YOJANA

Highlights of the PMJJBY – Scheme 2 – for

Life Insurance are:
Eligibility: Savings Bank (SB) Account holders
between 18 years (completed) and 50 years (age
nearer birthday) who have given the consent to
join the scheme / enable auto-debit, as per the
modality, will be enrolled into the scheme.
Policy period: The cover shall be for one year
period starting from June 1, 2015 to May 31, 2016
for which option to join / pay by auto-debit from
the designated savings bank account on the
prescribed forms will be required to be given by
May 31, 2015, extendable up to August 31, 2015.
Those joining subsequently may be able to do so
with payment of full annual premium for
prospective cover, with submission of a self-
certificate of good health in a form acceptable to
the bank.
Premium: Rs. 330 (per annum).
Payment Mode: The premium will be directly
auto-debited by the bank from the subscribers’
savings bank account. This is the only mode
available currently.
Risk Coverage: Sum Assured of Rs. 2 Lakh on
death of the Insured member for any reason is
payable to the Nominee.
Termination of assurance:
Account holder attains age of 55 years
Closure of account with the Bank or
insufficiency of balance for debiting premium.
In case of multiple coverage under the scheme,
the cover will be restricted to Rs.2 lakhs and
other insurance covers are terminated and
premium shall be forfeited.
 ATAL PENSION YOJANA
(APY)

The pension scheme will focus on the

unorganised sector and provide subscribers a
fixed minimum pension of Rs 1,000, 2,000,
3,000, 4,000 or Rs 5,000 per month starting at the
age of 60 years, depending on the contribution
option exercised on entering at an age between
18 and 40 years.