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
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