InvestorQ : What is the Jan Dhan Yojana?
vani Patil made post

What is the Jan Dhan Yojana?

Answer
user profile image
Gauravi Patel answered.
1 year ago


Jan Dhan Yojana, or Pradhan Mantri Jan Dhan Yojana (PMJDY), is one of the biggest financial inclusion initiatives in the world. It was launched in August 2014 by Prime Minister Narendra Modi as a step towards overall financial inclusion.

The objective of the Jan Dhan Yojana is to ensure that every individual/family has at least one bank account in order to give every citizen access to not just banking facilities, but also to the various financial subsidies passed by the government.

The government says, “PMJDY is a national mission on financial inclusion and has an integrated approach to bring about comprehensive financial inclusion and provide banking services to all households in the country. The scheme ensures access to a range of financial services like availability of basic savings bank account, access to need-based credit, remittances facility, insurance and pension.”