Pradhan Mantri Jan Dhan Yojana


  • Pradhan Mantri Jan Dhan Yojana is a National Mission for Financial Inclusion launched in August 2014
  • Aimed at providing basic financial services to citizens including deposit and savings accounts, credit, remittance, pension, insurance, etc.


  • Ministry of Finance


  • Cover every household with a basic bank account and a RuPay Debit Card
  • Provide an inbuilt insurance cover worth ₹100,000 and an overdraft facility of up to ₹5,000
  • Extend the Financial Literacy Program to grassroots levels of villages
  • Create Credit Guarantee Fund for covering defaults in overdraft accounts
  • Provide microinsurance to eligible citizens
  • Design pension schemes for the unorganized sector


  • Basic Savings Bank Deposit Account (BSBDA) with no minimum balance requirement and up to 4 cash withdrawals per month
  • Small Account/Chota Khata Account for people without legal documents and ID proofs
  • RuPay Debit Card with credit facilities and domestic merchant offers
  • Accidental Insurance Cover of ₹1,00,000 for non-premium card holders and up to ₹2,00,000 for premium card holders
  • Life Cover Insurance up to ₹30,000 for the head of the family or major earning member
  • Bank Mitra or Business Correspondent Agent to provide advisory services for banking solutions in rural areas
  • Interest on deposits and overdraft facility up to ₹10,000
  • Loans up to ₹5,000 for beneficiaries after six months of account transactions


  • Indian citizens aged between 18 and 59 years
  • Minors above ten years require support from their legal guardians for administering their PMJDY account
  • Retired bank employees, teachers, government employees, individual owners of shops, Public Call Office operators, owners of petrol pumps, agents of small scheme companies, etc., can also apply
  • State or Central Government employees, public sector employees, and people with taxable income are not eligible for life cover insurance under Jan Dhan Yojana

Implementation Strategy:

  • Districts are divided into Sub Service Areas (SSA) to ensure banking services are available to all
  • Direct Benefit Transfer under Indian Government schemes
  • Financial Literacy Program extended to grassroots levels of villages

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