Pradhan Mantri Jan Dhan Yojana (PMJDY) 2023 Update These People will not get the loans

Pradhan Mantri Jan Dhan Yojana (PMJDY) is a Government Scheme is a government scheme. This is a financial Scheme of government that is made for the rural people of India. The launch purpose of this scheme is to provide banking services across all of India. The aim of this scheme that every citizen of India is has his own bank account and can take up benefit of this scheme. This scheme is launched by the PM. Narendra Modi on 15th August 2014.

Brief Description of Project

Name of SchemePradhan Mantri Jan Dhan Yojana (PMJDY)
Scheme BenefitsEveryone can easily access bank services from there nearly banks
ObjectiveProvide financial services to everyone

Table of Contents

About PMJDY Scheme

  • Launched in 2014
  • Ministry of Finance launched this scheme.
  • This scheme is for Persons not having any other account.

Aim of the PMJDY Scheme:

Pradhan Mantri Jan Dhan Yojana (PMJDY)

1- To expand banking services all over India.
2- To provide Affordable financial services all over India. “Affordable” means here that you can open a zero-balance bank account. In this account, one does not need to maintain a minimum balance in his account.
3-The vision of the government for this scheme: Financial Inclusion: Through the scheme government wants to include or connect all the people of rural, urban, or weaker sections of society.
4- Through government want that every Indian should have their own bank account.

Pradhan Mantri Jan Dhan Yojana (PMJDY) Scheme 2022 Key Highlights

PortalPradhan Mantri Jan Dhan Yojana (PMJDY)
Launched byMr Narendra Modi
ObjectiveEvery citizen has a bank account
BenefitsEasy access to financial services or to the bank services
BeneficiaryEvery people living in a rural or urban area or belongs to a weaker section of the society
Official WebsiteClick Here

Benefits of having a Bank Account:

There are some benefits of having a bank account, Some of the benefits are mentioned below:

1- If one has his own bank account in the bank then one can put money safely in the bank security. So, there is no chance of stealing money.
2- You can also earn interest on your money by putting money into a bank account.
3-You can have easy access to withdrawing money from your account. So, you do not worry about your money security or you can have the option of withdrawing money from anywhere or from any place.

Key features of Pradhan Mantri Jan Dhan Yojana

There are some key features of the PMJDY Scheme. All the key features of this scheme are given below:

1-This PMJDY Scheme can also be known as the “National Mission For Financial Inclusion:

The meaning of the term “National Mission Inclusion For Financial Inclusion” is that the government wants that every person who is an Indian citizen have his own bank account. Every city, town, rural area, and village can have easy connectivity to financial services. Anyone who comes from a weaker section of society can have their own bank accounts.

2-Zero Balance Account:

It means that any person does not need to maintain a minimum balance account in their account. This means that if you do not put any amount of money in your account then your account will not be blocked. It will remain open until you will submit or request for the closure of your account.

3-Life insurance cover:

Under the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, all the account holders get Rs.30,000 after their death. This money will be given to nominees which are mentioned on the account holder details file.

4-Overdraft facility:

Overdraft facility will be given to the account holder-Under the scheme, all the account holders get an overdraft facility of Rs.10,000. This overdraft is just like credit card money. But in these accounts, you have a limit of 10,000. “OVERDRAFT” means that you can take money from the bank up to 10,000. But this money only is given to those account holders who maintain their balance in the account or do regular transactions in their account or have maintained a good profile in front of the bank.

But the money you are borrowing you have to give it back to the bank on time otherwise your account will be fined by the bank. The best thing about overdraft money is that you do not need to pay interest on the borrowed money.

5-Direct money transfer from the government:

The government can transfer money directly to the account holders because the government has direct information on these government accounts. So, the transfer of money is easily done. So, they can directly provide money to those who are needy or in an emergency situation or can transfer scheme benefit money directly into the account. This is done by the government during the covid-19 period. They transfer money directly into needy people’s accounts.

6-Accident insurance cover is done under the PMJDSY scheme:

Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme gives accidental insurance cover of 1 lakh or 2 lakh. But the benefit of this scheme is taken by those who had opened their account after the Date (28-8-2018).

7-Jhan Dhan Daarshak App:

It is an official app launched by the government By for its scheme PMJDY. From this app, they can track where the scheme is lacking in providing financial services.

Core of Pradhan Mantri Jan Dhan Yojana

There are some things in every scheme. This scheme also has some core things:

  • Banking the unbanked: Those people who do not access the bank facility or do not have an account come under the scheme. This scheme gives the opportunity to those people to open their first bank account from this scheme.
  • Funding the unfunded: If you open an account under the scheme then you can claim many benefits like Overdraft Facility, Insurance facility Etc.
  • Securing the unsecured: After opening the account you have the facility of keeping money safely without tension in the bank account.

How to apply for the PMJDY account:

The process to apply for the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme is online. If one has to apply for the scheme he has to apply online to open his account.

Steps to apply for opening the account:

  • First, take the form from the official Pradhan Mantri Jan Dhan Yojana (PMJDY) website OR from any bank’s website.
  • Now fill out the form and then submit any relevant documents like
  • Adhaar Card, Passport, Driving license, PAN Card, and Voter card. All these documents are valid or required for this account opening.
  • Submit these documents to the local bank branch.
  • The account will be opened after the documents will be verified by the bank.

Eligibility For PMJDY Scheme

  • A person should be an Indian citizen.
  • You should not have a bank account in any bank.
  • An age minimum of 10 years is required under this scheme.
  • A person below 18 years can open a minor account in the bank. if someone has a minor account under this scheme then he can not switch to UPI.

Other Government Schemes

Pradhan Mantri Krishi Sinchayi Yojana (PMKSY) Extended upto 2026
Pradhan Mantri Fasal Bima Yojana (PMFBY) 2023 Update
Pradhan Mantri Gram Sadak Yojana (PMGSY)
Beti Bachao Beti Padhao Yojana (BBBP) New 2023 Update
Rashtriya Madhyamik Shiksha Abhiyan Scheme (RMSA) 2023
One Nation One Ration Card Scheme (ONORCS) 2023 Update
Startup India Seed Fund Scheme (SISFS) 2023
Sukanya Samriddhi Yojana Account Opening 2023 Update

Achievement of PMJDY SCHEME:

Pradhan Mantri Jan Dhan Yojana scheme had 7 years, so here we will tell the achievements of this scheme:

  • 1-The stats of this scheme are provided by the government. According to the stats, 44 Crore accounts are opened to date. According to stats every year the opening no. of accounts is increasing.
  • 2-The deposits in these accounts are continuously increasing year by year. This show how people are actively doing transactions in these accounts.
  • 3-The average balance of deposit of this account is 3398 and this average deposit amount is increasing year by year.
  • 4-These Jan Dhan account also gives the facility of debit card. This bank accounts bank holders get a Rupay debit card. The graph of this debit card no. provided by the bank to the account holder is increasing year by year.
  • 5-Under this scheme the government is also providing banking facilities under a 5km range to every village. According to the figures given by the gov. says that only about 256 villages are left that do not have banking facilities under a 5 km range.
  • 6- The Gov. also launches an app called Jan Dhan Darshak App which also gives the facility to everyone to locate banks, post offices, or E-Mitra centres near his location.
  • 7-Direct benefit transfer is a key point achievement of this scheme. Through the government scheme, transfers 30,000 crore amount to women account holders during the pandemic period or covid period. For three months government also transfers Rs. 500 to every account holder during the pandemic. This achievement they have got due to this scheme.
  • 8- The DBT transactions that failed this year are also less than the previous year. This year 5.7% failure DBT transactions are only done. But in the previous year, there are 13.4% of failures in DBT transactions are done. This shows the improvement in the scheme every year.

These achievements show of government in the schemes are how good this scheme is performing on the ground level. The Gov. is still trying to better the policy of this scheme every year. This effort of the government is well good enough for the people. People are also getting benefits through this. Through the scheme, the government can connect every part of the country with its banking and financial services. Every people in this country can have access to bank facilities. Through the scheme everyone can people of this country have his own bank account.


In the above article, we have given all the necessary information about Pradhan Mantri Jan Dhan Yojana. We have provided every bit of information in the article. If you have any questions related to this scheme. Then, you can ask us your question from us by commenting on the question in the comment box. If you want some more information about this scheme then you can visit the government’s official website from where you can get all answers to your queries.

Thanks For Reading the article.

PM Jan Dhan Yojana launch date?

PM Jan Dhan Yojana was launched by Prime Minister “Narendra Modi” On 15th august 2014.

How is it an overdraft facility given by the government to the PMJDY account holders?

The account holders under the PMJDY scheme can take Rs. 10,000 from the bank account on a credit basis but they have to return the money after some time period.


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