What is the main aim of Jan Dhan Yojana?

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, a basic savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner.

Why was Pradhan Mantri Jan Dhan Yojana launched?

PMJDY is a nationwide scheme launched by the Government of India to ensure financial inclusion of every individual who does not have a bank account in India.

When did Jan Dhan Yojana started?

Jan dhan Yojana announced by Prime Minister Narendra Modi on 15 August 2014 and the scheme was launched on 28 August 2014.

What aims at financial inclusion?

Objectives of Financial Inclusion Financial inclusion intends to help people secure financial services and products at economical prices such as deposits, fund transfer services, loans, insurance, payment services, etc. It aims to establish proper financial institutions to cater to the needs of the poor people.

Who can open Jan Dhan?

Pradhan Mantri Jan-Dhan Yojana eligibility criteria You must be an Indian citizen. You must be at least 10 years old. You should not have an existing bank account.

What is the importance of financial inclusion?

Financial inclusion strengthens the availability of economic resources and builds the concept of savings among the poor. Financial inclusion is a major step towards inclusive growth. It helps in the overall economic development of the underprivileged population.

What is Pradhan Mantri Jan Dhan Yojna?

The Pradhan Mantri Jan Dhan Yojna, known as PMJDY, is a scheme launched on the national scale by the government of India in the month of August’2014. Every individual who does not have a bank account should have a bank account and hence the financial inclusion should be achieved.

What are the Guinness World Records for Pradhan Mantri Jan Dhan Yojana?

Guinness World Records has also recognised the achievements made under the Pradhan Mantri Jan Dhan Yojana. It has certified that the “Most bank accounts opened in one week as part of the Financial Inclusion Campaign is 18,096,130 and was achieved by the Department of Financial Services, Government of India.”

What is Accidental insurance under Pradhan Mantri Jan Dhan Yojna scheme?

Under the Pradhan Mantri Jan Dhan Yojna scheme, there will be an accidental insurance cover of `2,00,000/- for the account holders and also they would be given insurance coverage worth `30,000/- if they adhere to certain specific terms of the scheme including opening of bank account by the 26 th of January’ 2015.

What is pm Jan Dhan Yojana 2020?

Pradhan Mantri Jan-Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completed its six years of successful implementation in August 2020.