What is the benefit of a Jan Dhan account?

PMJDY is a National Mission for Financial Inclusion. PMJDY account holders will be given a RuPay Debit card. The main idea is that an unbanked person will have one basic savings bank account so that many of Central Government benefits can be directly transferred to their bank account, thereby eliminating middle men and corruption. You can read about the Pradhan Mantri Jan-Dhan Yojana (PMJDY) – Benefits & Implementation in the given link.

PMJDY accounts are eligible for the Micro Units Development & Refinance Agency Bank (MUDRA) scheme. The other Central Government benefits which can be availed from PMJDY accounts are eligibility for Atal Pension Yojana (APY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).

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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