Pradhan Mantri Jan Dhan Yojana | Universal Access to Banking - Key Features and Objectives of Pradhan Mantri Jan Dhan Yojana (PMJDY)
Pradhan Mantri Jan Dhan Yojana Pradhan Mantri Jan Dhan Yojana (PMJDY), launched by the Government of India on August 28, 2014, is a financial inclusion initiative that aims to provide banking services to all households in India. The primary objective of PMJDY is to ensure that every family has access to banking facilities, promoting financial literacy, and encouraging saving habits among the economically weaker sections of society. Key Features and Objectives of Pradhan Mantri Jan Dhan Yojana (PMJDY): 1. Universal Access to Banking: PMJDY ensures that every household in the country has access to a bank account. It targets unbanked and underbanked areas and communities. 2. No Minimum Balance Requirement: PMJDY accounts can be opened with zero balance, making banking services accessible to individuals with low income. 3. Rupay Debit Card: Account holders are provided with a Rupay debit card, which enables them to make transactions, withdraw money, and make online purchases. 4. Accident...