PMJDY at 12 Years: Features of the Jan Dhan Scheme
Why in the news
India’s financial-inclusion mission reached its twelfth year, as the first layer of the JAM trinity and digital public infrastructure.
Key facts
- Type: National Mission for Financial Inclusion.
- Nodal ministry: Finance; implementer: DFS.
- Aim: universal banking access with savings, remittance, credit, insurance and pension services.
| Feature | Benefit |
|---|---|
| BSBDA | Zero-balance savings account with interest |
| RuPay card | Free, with accident insurance |
| Overdraft | Up to ₹10,000, if eligible |
| DBT | Subsidies sent directly |
| Insurance | Accident and life cover |
| Mobile banking | Digital access |
Exam angle
- BSBDA = Basic Savings Bank Deposit Account.
- Asked often: launch date and overdraft limit.