All individuals who do not have bank accounts. Priority to households without any bank account. Special focus on women, students, and senior citizens. No minimum balance requirement

Q: What are the benefits of Pradhan Mantri Jan Dhan Yojana (PMJDY)?

Zero balance savings account. Free RuPay debit card with insurance. Overdraft facility for eligible accounts. Direct benefit transfer of government schemes. Access to various financial products

Q: How to apply for Pradhan Mantri Jan Dhan Yojana (PMJDY)?

Visit nearest bank branch or banking correspondent. Fill account opening form. Submit required documents. Complete KYC verification. Receive bank account number and RuPay card

Q: Which ministry manages Pradhan Mantri Jan Dhan Yojana (PMJDY)?

Pradhan Mantri Jan Dhan Yojana (PMJDY) is managed by the Department of Financial Services.

Department of Financial ServicesactivesocialLaunched: 2014-08-28

About the Scheme

PMJDY is India's national mission for financial inclusion ensuring access to banking, savings, remittance, credit, insurance, and pension for the unbanked. As of 2025: 54.19 crore Jan Dhan accounts opened, ₹2.31 lakh crore total balance. World's largest financial inclusion initiative.

Target Beneficiaries: 54.19 crore account holders (Jan 2025); 67% in rural/semi-urban areas; 56% accounts belonging to women

Official Website →

Key Features

Zero-balance bank accounts with RuPay Debit Card
₹2 lakh accidental insurance and ₹30,000 life insurance cover
Overdraft facility up to ₹10,000 after 6 months satisfactory operation
Access to Direct Benefit Transfer (DBT) for all government subsidies
54.19 crore accounts with ₹2.31 lakh crore total deposits (Jan 2025)
67% accounts in rural/semi-urban areas; 56% women account holders
Mobile banking available; Micro-ATM access in unbanked villages

Eligibility Criteria

All individuals who do not have bank accounts
Priority to households without any bank account
Special focus on women, students, and senior citizens
No minimum balance requirement

Benefits

Zero balance savings account
Free RuPay debit card with insurance
Overdraft facility for eligible accounts
Direct benefit transfer of government schemes
Access to various financial products

Application Process

Visit nearest bank branch or banking correspondent
Fill account opening form
Submit required documents
Complete KYC verification
Receive bank account number and RuPay card

Budget Allocation

1380

Funding Ratio (Centre:State): 100% Central Government (Administrative and Mission management)

UPSC Relevance

GS Paper: GS3

Prelims Relevance8%

Mains Relevance9%

Syllabus Tags

Financial InclusionBankingDBTWelfare SchemesGS3

Historical Context

Launched on August 28, 2014, with the slogan 'Mera Khata, Bhagya Vidhata'.

Pradhan Mantri Jan Dhan Yojana (PMJDY) — Govt Scheme for UPSC | Vaidra

About the Scheme

✦Key Features

✓Eligibility Criteria

★Benefits

▶Application Process

₹ Budget Allocation