-PMJDY

INTRODUCTION
 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”.
 India’s Prime minister Narendra Modi announced the launch of this scheme
at the Red Fort on the occasion of India’s 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.
 Digital India.
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  Axis Bank
 Bank of Baroda  Federal Bank
 Bank of India  HDFC Bank
 ICICI Bank
 Canara Bank
 Indus Bank
 IDBI Bank
 ING Vysha Bank
 Indian Bank
 Andhra Bank
 PNB
 YES Bank
 Union Bank of India  Kotak Mahendra Bank
 Oriental Bank of commerce  Karnataka Bank
 20000
7000 ATM
braches
50000
emp

PMJDY
 Highlights of PMJDY

• Saturating the geographies-Survey of SSA and

1 ward and coverage(21 crore households surveyed)

2 • At least one Account for every Household (Urban

& Rural) with RuPay Debit card

3 •Focus on Financial Literacy

4 •Branchless banking through the Bank Mitr

5 • Accident insurance(Rs. 1 lakh) and Life

Insurance(Rs.30,000)
9
 Shift in Approach

• Every Bank A/c is on-line with RuPay Card & Mobile

1 Banking Facility

• Use of e-KYC to ease the account opening process

2

• Use of Aadhaar Enabled Payment System (AEPS) for

3 interoperability

• On-line Monitoring through system generated MIS

4

• Facility of Call Centre & Toll free number

5

10
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, Chhattisgarh,
Jharkhand, Manipur, Meghalaya, Nagaland and
Odisha, all other states have reported 100% coverage
for households
ANY QUESTIONS???
THANK YOU