india employmentnews

PMJDY- These people of the country will get benefits, and know the complete details of the scheme

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The Indian government starts various types of schemes for the economically weaker people of the country, which not only help these people but also improve their lifestyle of these people, one such scheme is the Pradhan Mantri Jan Dhan Yojana started by Prime Minister Narendra Modi. This scheme focuses on financial inclusion, ensuring that millions of Indians have access to banking services. Let's know the complete details about it-

Benefits of Pradhan Mantri Jan Dhan Yojana

Zero-balance accounts: Citizens can open bank accounts without the need for a minimum balance.

Accident insurance: Beneficiaries get accident insurance coverage of up to ₹ 2 lakh.

Life insurance: This scheme also provides life insurance coverage of up to ₹ 30,000.

Interest on deposits: Account holders earn interest on their deposits.

Overdraft facility: Overdraft facility of up to ₹ 10,000 is available for eligible account holders.

Eligibility Criteria

Indian Citizenship: Only Indian citizens are eligible for this scheme.

Focus on Economically Weaker Sections: This initiative primarily targets economically deprived individuals who may not have access to banking services.

No prior bank account: Individuals without any existing bank account can also apply.

Application Process

Applying for an account under Pradhan Mantri Jan Dhan Yojana is straightforward. Interested individuals can visit the nearest branch of any nationalized bank to submit their application.