Jan Dhan Yojana and the 1 Billion-1 Billion-1 Billion “JAM” Revolution (Download PDF)


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Pradhan Mantri Jan Dhan Yojana (PMJDY) aimed at providing financial services to the poor: Opening bank accounts for the poor. Giving them electronic means of payment (via RUPAY cards)

Image of Jan Dhan Yojana

Image of Jan Dhan Yojana

Image of Jan Dhan Yojana

  • Placing them in a position to avail credit and insurance.

  • Ending the financial, and hence economic, digital and social exclusion faced by India’s poor

  • India’s poor would not only be able to overcome their economic deprivation but they would also become an integral part of the social mainstream.

Achievements of PMJDY as of 16th Aug 2017

  • Total PMJDY accounts opened increased from 12.55 crore in January 2015 to 29.52 crore.

  • The number of rural accounts opened under PMJDY has grown from 7.54 crore in January 2015 to 17.64 crore.

  • No. of RuPay cards issued increased from 11.08 crore in January 2015 to 22.71 crore.

  • The total balance in beneficiary accounts Rs. 65, 844.68 crore and the average balance per account increased from Rs. 837 in January 2015 to Rs. 2231.

  • Zero balance accounts under PMJDY declined from 76.81 % in September 2014 to 21.41 % in August 2017.

  • As of March 2014, women constituted about 28 per cent of all savings accounts, with 33.69 crore accounts. As of March 2017 women’s share has risen to about 40 per cent with 14.49 crore accounts opened by women under PMJDY (of total 43.65 crore women’s accounts)

Steps for Social Security

  • Government took following steps to provide security to the poor:

  • Life insurance under Pradhan Mantra Jeevan Jyoti Bima Yojana (PMJJBY)

  • Accident insurance under Pradhan Mantra Suraksha Bima Yojana (PMSBY).

  • As on 7th August, 2017, total enrollment was 3.46 crore under the PMJJBY and 10.96 crore under PMSBY.

  • Network created by Pradhan Mantri Jan Dhan Yojana (PMJDY) enabled Mudra Yojana which now has Rs. 3.66 lakh crore distributed to bank accounts of 8.77 crore beneficiaries

The “JAM” Revolution and 1 Billion-1 Billion-1 Billion Vision

  • JAM is the vision including JAM, deriving from Jan Dhan, Aadhaar, and Mobile

  • Financial inclusion through PMJDY, biometric identification through Aadhaar and delivery through mobile telecommunications.

  • 52.4 Crore unique Aadhaar numbers linked to 73.62 crore accounts in India with government making direct transfer of Rs. 74, 000 crore to the financial accounts of 35 crore beneficiaries, at more than Rs. 6, 000 crore per month for various government anti-poverty and support schemes such as PAHAL, MNREGA, old age pensions, and student scholarships

  • BHIM app and the Unified Payments Interface (UPI) integral part of JAM

  • 1 billion-1 billion-1 billion vision is to have 1 billion unique Aadhaar numbers linked to 1 billion bank accounts and 1 billion mobile phones bringing all of India into financial and digital mainstream.

- Published/Last Modified on: September 23, 2017


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