PMJDY — Pradhan Mantri Jan Dhan Yojana: Complete 101 Guide
PMJDY — Pradhan Mantri Jan Dhan Yojana: Complete 101 Guide Last updated: March 2026 What is PMJDY? PMJDY (Pradhan Mantri Jan Dhan Yojana) is India’s flagship financial inclusion program launched in 2014 to ensure access to financial services for all. Program Objectives Universal access to banking Financial literacy Credit availability Insurance coverage Key Features Account Types Feature Basic Savings Premium Zero balance ✅ ❌ Free RuPay card ✅ ✅ Insurance (₹2 lakh) ✅ ✅ Overdraft Up to ₹10,000 Higher Progress (2026) Statistics Accounts: 50+ crore Deposits: ₹2+ lakh crore RuPay Cards: 30+ crore Insurance: ₹10+ lakh crore coverage Benefits Banking Services Zero-balance savings account Free RuPay debit card ATM withdrawals (free in home bank) Mobile banking Bill pay Insurance Scheme Coverage Pradhan Mantri Suraksha Bima Yojana ₹2 lakh (accident) Pradhan Mantri Jeevan Jyoti Bima Yojana ₹2 lakh (death) Overdraft Facility Up to ₹10,000 for eligible accounts Credit history building Interest on overdraft Direct Benefit Transfer How DBT Works 1 Government → Aadhaar Seeding → Bank Account → Direct Credit Schemes Covered LPG subsidies MNREGA wages Pension schemes Agricultural subsidies Consumer Rights Zero-balance account guarantee Free basic services Insurance coverage entitlement Grievance via banking ombudsman