The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by India's Prime Minister on August 15, 2014, to promote financial inclusion and provide banking access to the unbanked population. The scheme allows individuals to open zero-balance accounts, offers various benefits including debit cards and insurance, and aims to facilitate direct government subsidy transfers. As of now, over 71 million accounts have been opened, with a total deposit of Rs 5,000 crore.

1. PRADHANMANTRI JAN
DHAN YOJANA
(PMJDY)
Presented by:
Aayush Mittal
(121685)

2. 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.
• In all, 600 programmes and 77,852 camps were
organised on the first day for the opening of bank
accounts.

3. About PMJDY
• The name “Jan Dhan” was chosen through an Online
Competition on the MyGov Platform, received more than
6000 suggestions from Indian citizens.
• 7 individuals suggested “Jan Dhan” as tagline.
• Slogan – Mera Khata-Bhagya Vidhaatha.
• Primarily the PMJDY Scheme is meant for those who do
not have a savings bank account.
• According to the census 2011,only 58% of Indian citizens
are having a bank account.

4. • PM Modi felicitating Priya Sharma for her contribution in
title and logo designing at the launch of the Pradhan
Mantri Jan Dhan Yojana.

5. Aim of PMJDY
• To bring poor financially
excluded people into
banking system.
• To provide benefits of
government subsidy
schemes directly.
• Digital India: Basic
accounts services
available on simple
phones.

6. Going Ahead
• Direct benefits transfers for LPG could be routed through
these accounts.
• MGNREGA could also ride on the new accounts.
• Micro Insurance.
• Unorganised sector pension schemes like Swavlamban.

7. Benefits of opening bank a/c under
PMJDY
1) Account can opened with zero balance.
2) Not required to maintain any minimum balance.
3) Ru-Pay enabled debit card.
4) Accident insurance up to 100,000.
5) Medical insurance cover of 30,000.
6) After six months of satisfactory operations, the account
would be eligible for Rs 5,000 overdraft facility.

8. Participants
Nationalized Banks
• SBI
• Bank of Baroda
• Bank of India
• Canara Bank
• IDBI Bank
• Indian Bank
• PNB
• Union Bank of India
• Oriental Bank of
commerce
Private –Sector Banks
• Axis Bank
• Federal Bank
• HDFC Bank
• ICICI Bank
• Indus Bank
• ING Vysha Bank
• Andhra Bank
• YES Bank
• Kotak Mahendra Bank
• Karnataka Bank

9. Expansion of Network
• 50,000 Business Correspondents - targets set for bank.
• 7,000 branches.
• 20,000 new ATMs in the first phase.

10. PMJDY
50000
emp
7000
brache
s
20000
ATM

11. Latest news about PMJDY
• Over 71 million bank accounts have been opened
through the Pradhan Mantri Jan Dhan Yojana so far in
the villages in India and the money deposited amounts to
Rs.5,000 crore, Indian Prime Minister Narendra Modi
said in Sydney in his address at the Allphones Arena on
Monday.