What is PMJDY?

Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by the Government of India on 28th August 2014. This was launched with the objective of attaining Financial Inclusion. 15 million bank accounts were opened on the day it was launched. You can read about the Pradhan Mantri Jan-Dhan Yojana (PMJDY) – Benefits & Implementation in the given link.

Any Indian citizen is eligible to open an PMJDY account. PMJDY allows affordable access to pensions, insurance, credit, remittances and bank accounts. PMJDY is managed by the Department of Financial Services which functions under the Ministry of Finance.

Further readings:

  1. Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) – World’s Largest Pension Scheme
  2. PM Garib Kalyan Yojana (PMGKY) – UPSC Notes

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