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* Fill all the information asked in the form correctly and attach a copy of your document in it.
* Fill all the information asked in the form correctly and attach a copy of your document in it.
* After that get it deposited in the bank. In this way your account will be opened in Jan Dhan.
* After that get it deposited in the bank. In this way your account will be opened in Jan Dhan.
Pradhan Mantri [https://govtjobsvacancy.in/pradhan-mantri-awas-yojana-list-2020-2021/ Awas Yojana]


Note: Keep in mind that the form of Jan Dhan accounts will vary, so ask the bank employee only for Jan Dhan account, if you open the account through other form provided by the bank, you will not get the benefit.
Note: Keep in mind that the form of Jan Dhan accounts will vary, so ask the bank employee only for Jan Dhan account, if you open the account through other form provided by the bank, you will not get the benefit.

Revision as of 13:40, 12 July 2020

Pradhan Mantri Jan Dhan Yojana (PMJDY)
PM Modi launches the " Pradhan Mantri Jan Dhan Yojana"
CountryIndia
Prime Minister(s)Narendra Modi
MinistryFinance
Key peopleNirmala Sitharaman
Launched28 August 2014; 10 years ago (2014-08-28)
StatusActive
Websitewww.pmjdy.gov.in

Pradhan Mantri Jan Dhan Yojana (PMJDY) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions. This financial inclusion campaign was launched by the Prime Minister of India Narendra Modi on 28 August 2014.[1] He had announced this scheme on his first Independence Day speech on 15 August 2014.

Run by Department of Financial Services, Ministry of Finance, under this scheme 15 million bank accounts were opened on inauguration day.[2][3] The Guinness Book of World Records recognized this achievement, stating: "The most bank accounts opened in one week as a part of the financial inclusion campaign is 18,096,130 and was achieved by the Government of India from August 23 to 29, 2014".[4] By 27 June 2018, over 318 million bank accounts were opened and over ₹792 billion (US$12 billion) were deposited under the scheme.[5]

Apply Offline

If you want to open your account under PM Jan Dhan Yojana, then you have two ways.

  • You can go to the nearest government bank or private bank where accounts are opened under Jan Dhan Yojana.
  • Take photo copy of all your required documents and original documents in the bank
  • Go to the bank and ask the employee who has Jan Dhan accounts,
  • Fill all the information asked in the form correctly and attach a copy of your document in it.
  • After that get it deposited in the bank. In this way your account will be opened in Jan Dhan.

Pradhan Mantri Awas Yojana

Note: Keep in mind that the form of Jan Dhan accounts will vary, so ask the bank employee only for Jan Dhan account, if you open the account through other form provided by the bank, you will not get the benefit.

Apply Online

Pradhan Mantri Jan Jhan Yojana Apply Online Form, if you want to open an account from home, it is also possible. Let's know the process of opening an online account:

  • First of all you have to go to the official website of a bank,
  • People who have been given the right to open Jan Dhan account by the government.
  • After visiting the site, you will see the option to open an account in Hindi / open an account in English.
  • Choose the language in which you can fill the form.
  • After that, download the form and take out the print.
  • Complete all the information asked in the form and attach a copy of your documents with the form.
  • After this, submit your form to the nearest bank. In this way your account will be opened in PM Jan Dhan Yojana.

History

The scheme was launched by PM Narendra Modi on 15 August 2014. Slogan of the Scheme is "Mera Khatha, Bhagya Vidhatha (meaning "My account brings me good fortune")[6] The scheme was launched after the failure of previous government schemes, including Swabhimaan.[7] Swabhimaan was a 2011 campaign of the Government of India which aims to bring banking services to large rural areas.[8]

Investments

Pradhan Mantri Jan-Dhan Yojana statistics as on 3 July 2019 (All figures in millions)[5]

Jan dhan Yojana announced by Narendra Modi ji on 15 August 2014 and the scheme was launched on 28 August 2014. The objective of starting the scheme is about 59% of rural women in the name of women, more than 50% o[9]f the accounts of facilities assured in the country. . Have been opened in urban areas.

Bank Type Number of Accounts Balance in Accounts Number of RuPay Cards
Rural Urban Total Female
Public Sector Banks 155 131 287 151 (53%) ₹793 billion (US$9.5 billion) 235
Regional Rural Banks 52 10 62 34 (56%) ₹181 billion (US$2.2 billion) 38
Private Banks 6.9 5.6 13 6.7 (54%) ₹30 billion (US$360 million) 12
Total 214 147 361 192 (53%) ₹1,005 billion (US$12 billion) 285

Performance

Due to the preparations done in the run-up, as mentioned above, on the inauguration day, 15 million bank accounts were opened.[2] The Prime Minister said on this occasion- "Let us celebrate today as the day of financial freedom." By September 2014, 30.2 million accounts were opened with State Bank of India 2.99 million accounts, Canara Bank 1.621 million accounts, Central Bank of India 1.598 million accounts and Bank of Baroda with 1.422 million accounts.[10] On 20 January 2015, the scheme entered into Guinness book of world records setting new record for 'The most bank accounts opened in one week'.[11]

The balance in Jan Dhan accounts rose by more than ₹270 billion (US$3.2 billion) between 9 November 2016 and 23 November 2016.[12] 1.9 million householders have availed the overdraft facility of ₹2.56 billion (US$31 million) by May 2016.[13] Uttar Pradesh and West Bengal have got 29% of the total deposits under the scheme,[14] whereas Kerala and Goa became the first states in the country to provide one basic bank account to every household.[15]

The total number of account holders stood at 294.8 million, including 176.1 million account holders from rural and semi-urban branches. A total of 227 million RuPay cards have been issued by National Payments Corporation of India (NPCI) till August 2017. The amount of deposits rose to ₹656.97 billion (US$7.9 billion) by August 2017.[6]

According to an analysis of various studies, "Beyond enabling account ownership and the use of financial services, the PMJDY also facilitated financial inclusion for a variety of demographics. While the programme has made significant headway towards genuine financial inclusion, it is clear that improving policy communication, widening and deepening progress in low-income states, and ironing out the kinks in the bank-agent model will be crucial if these hard-fought gains are to prove sustainable."[16] At least 300 million new families have got Jan Dhan accounts in which almost ₹650 billion (US$7.8 billion) have been deposited, Prime Minister Narendra Modi said on 28 August 2017, on the eve of third anniversary of the scheme aimed at financial inclusion.

Criticism

The scheme has been criticized by opposition as an effort to please voters that has created unnecessary work-burden on the public-sector banks.According to the experts, offers like zero balance, free insurance and overdraft facility would result in duplication. Many individuals who already have bank accounts may have had accounts created for themselves, lured by the insurance covers and overdraft facilities.[17] As per the scheme, a very few people are eligible to get the life insurance worth ₹30,000 (US$360) with a validity of just five years.[18] The claimed overdraft facility has been completely left upon the banks. As per the government notice, only those people would get the overdraft facility whose transaction record has satisfactory operations in their account for some time.[19]

In addition, while the Indian Government was actively attempting to promote financial inclusion through this scheme, the Reserve Bank of India, permitted banks to charge customers for conducting ATM transactions beyond a certain number of times per month. This effectively prevented people from easily accessing their own savings and discouraged them from using formal banking channels.[20][21][22]

See also

References

  1. ^ Prime Minister to Launch Pradhan Mantri Jan Dhan Yojana Tomorrow, Press Information Bureau, Govt. of India, 27 August 2014
  2. ^ a b ET Bureau (28 August 2014), PM 'Jan Dhan' Yojana launched; aims to open 1.5 crore bank accounts on first day, The Economic Times
  3. ^ "Modi: Banking for all to end "financial untouchability"". Reuters. 28 August 2014.
  4. ^ "Jan Dhan Yojana features in Guinness Book of World Records with 11.5 cr bank accounts". The Indian Express. 21 January 2015. Retrieved 26 May 2018.
  5. ^ a b "Pradhan Mantri Jan-Dhan Yojana", pmjdy.gov.in
  6. ^ a b "Jan Dhan scheme: Going strong 3 years on", The Hindu Business Line, 14 August 2017
  7. ^ "Why government's financial inclusion plans are floundering", Business Standard, 23 November 2015
  8. ^ "Sonia Gandhi launches `Swabhimaan campaign` in Delhi". Sify. Retrieved 23 April 2015.
  9. ^ "Pradhan Mantri Jan Dhan Yojana". Sarkari Yojana | सरकारी योजना इन हिंदी. 17 April 2020. Retrieved 27 April 2020.{{cite web}}: CS1 maint: url-status (link)
  10. ^ "SBI takes lead in opening bank accounts under Jan Dhan Yojana", The Economic Times, 11 September 2014
  11. ^ "India makes financial world record as millions open new bank accounts", Guinness World Records, 20 January 2015
  12. ^ "Keep the black money deposited in your account: PM to Jan Dhan holders", The Economic Times, 3 December 2016
  13. ^ "Financial inclusion gets a boost with Jan Dhan Yojana", The Economic Times, 11 May 2016
  14. ^ "Why Jan-Dhan Yojana is gaining currency in Uttar Pradesh & West Bengal", Business Standard, 26 May 2016
  15. ^ "Over 26k Jan Dhan bank accounts in Goa have zero balance", The Times of India, 2 June 2016
  16. ^ "The admirable success of the Jan Dhan Yojana". Retrieved 29 August 2017.
  17. ^ "Critics attack 'wasteful, ineffective' PM Jan Dhan Yojana". Moneycontrol.com.
  18. ^ "PMJDY Guidelines & Features" (PDF). LIC India.[permanent dead link]
  19. ^ "Facilities Available to Account Holders Under Pradhan Mantri Jan Dhan Yojana (PMJDY) to be Extended to the Existing Account Holders as Well", PIB
  20. ^ "Making ATM transactions expensive: Is RBI contradicting its own stance? - Firstpost". www.firstpost.com. Retrieved 19 February 2018.
  21. ^ Rebello, Joel (15 September 2014). "Rajan defends RBI stand ATM fees, two-factor authentication". livemint.com/. Retrieved 19 February 2018.
  22. ^ Shetty, Mayur (4 July 2017). "Vague RBI guidelines see banks cap PM's Jan Dhan Yojana accounts". The Economic Times. Retrieved 19 February 2018.
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