PM Jan Dhan Yojana Flashcards
Main Objective ?
Financial inclusion, basic savings account to everyone
Which ministry in charge ?
Ministry of Finance
When will PM JDY end ?
It is open ended
What is the minimum age above which anyone can open a BDSA account ?
10 years
Which Debit Card do the beneficiaries of this scheme get ?
RuPay Debit Card
What is the accident insurance cover ?
2 lakh
What are some of the financial services PM JDY aims to offer everyone ?
Pension
Credit
Insurance
How much has the percentage of 0 balance bank accounts fallen from 67% in 2015 in 2018 ?
28%
Are the deposits in accounts rising ?
Yes, more than thrice
What is the JAM trinity ?
Jan Dhan Accounts
Aadhaar account
Mobile account
How much has the JAM trinity helped in stopping the leaking LPG subsidy ?
24%
What is another step government has taken which helps financial inclusion ?
Post Payment Bank
What are some of the challenges faced ?
Internet Connectivity Problem
Diversions of Funds for Overdraft Facility
What are some challenges in terms of banks’ workload ?
Higher Business Correspondence cost
Managing Multiple Savings Accounts
How has demonetisation proved as a challenge ?
Unaccounted money
