PM Jan Dhan Yojana

Question 1

Main Objective ?

Answer 1

Financial inclusion, basic savings account to everyone

Question 2

Which ministry in charge ?

Answer 2

Ministry of Finance

Question 3

When will PM JDY end ?

Answer 3

It is open ended

Question 4

What is the minimum age above which anyone can open a BDSA account ?

Answer 4

10 years

Question 5

Which Debit Card do the beneficiaries of this scheme get ?

Answer 5

RuPay Debit Card

Question 6

What is the accident insurance cover ?

Answer 6

2 lakh

Question 7

What are some of the financial services PM JDY aims to offer everyone ?

Answer 7

Pension
Credit
Insurance

Question 8

How much has the percentage of 0 balance bank accounts fallen from 67% in 2015 in 2018 ?

Answer 8

28%

Question 9

Are the deposits in accounts rising ?

Answer 9

Yes, more than thrice

Question 10

What is the JAM trinity ?

Answer 10

Jan Dhan Accounts
Aadhaar account
Mobile account

Question 11

How much has the JAM trinity helped in stopping the leaking LPG subsidy ?

Answer 11

24%

Question 12

What is another step government has taken which helps financial inclusion ?

Answer 12

Post Payment Bank

Question 13

What are some of the challenges faced ?

Answer 13

Internet Connectivity Problem

Diversions of Funds for Overdraft Facility

Question 14

What are some challenges in terms of banks’ workload ?

Answer 14

Higher Business Correspondence cost

Managing Multiple Savings Accounts

Question 15

How has demonetisation proved as a challenge ?

Answer 15

Unaccounted money